Table 3 Comparison of predictive accuracy of three models across ages for each country using multivariate Diebold-Mariano (DM) test
Country | Null Hypothesis | Test Statistic Value | P-Value | Decision |
|---|---|---|---|---|
China | H0: SLC=FDM = BMS OR H0: All model hold Equal predictive accuracy | 14.165 | 0.999 | H0 is not rejected |
Pakistan | 2617.9 | 1 | H0 is not rejected | |
India | 1034.7 | 1 | H0 is not rejected | |
Thailand | 89.218 | 1 | H0 is not rejected |