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Table 6 MAPE and RMSE loss functions for the consumption models

From: The D-model for GDP nowcasting

Q

M

Midas

Regression

AR

RW

MAPE (%)

RMSE

MAPE (%)

RMSE

MAPE (%)

RMSE

MAPE (%)

RMSE

Current Quarter

M1

3.51

1431.1

9.70

3828.7

    

M2

3.26

1352.4

9.69

3838.4

    

M3

3.30

1364.7

9.44

3728.1

2.34

1363.0

2.43

1363.1

Next Quarter

M1

2.59

1088.8

6.18

2410.0

    

M2

1.74

899.9

3.24

1405.6

    
 

M3

    

1.79

1158.0

1.73

1075.9