Research Article

Looking for Accurate Forecasting of Copper TC/RC Benchmark Levels

Table 14

Error Average Improvement for averaged monthly steps before annual steps.

ā€‰

GBM TC/RC 1 Year53.26%/56.53%32.72%/35.87%33.33%/35.48%32.72%/35.87%
GBM TC/RC 2 Years26.95%/26.35%25.75%/15.97%26.19%/2.86%24.34%/13.69%
GBM TC/RC 5 Years-11.73%/-11.04%8.73%/7.09%9.26%/7.69%7.47%/5.65%
OUP TC/RC 1 Year88.08%/87.08%63.71%/62.50%62.91%/63.19%63.68%/62.24%
OUP TC/RC 2 Years46.28%/44.21%27.71%/26.17%29.99%/30.75%22.16%/20.75%
OUP TC/RC 5 Years26.02%/25.53%10.93%/9.97%13.12%/12.18%13.06%/12.69%