Research Article
Intelligent Soft Computing on Forex: Exchange Rates Forecasting with Hybrid Radial Basis Neural Network
Table 8
Evaluation characteristics of tested models.
| Model | Error distribution | Akaike | Schwarz | Log-likelihood |
| ARCH(5) | Gaussian | −6.946032 | −6.909037 | 317.917 | Student | −6.966257 | −6.923978 | 3181.130 | GED | −6.967443 | −6.925164 | 3181.670 |
| ARCH(7) | Gaussian | −6.970504 | −6.922940 | 3184.065 | Student | −6.984941 | −6.932092 | 3191.641 | GED | −6.985553 | −6.932704 | 3191.919 |
| GARCH(1,1) | Gaussian | −7.029560 | −7.008420 | 3205.964 | Student | −7.032833 | −7.006409 | 3208.456 | GED | −7.034504 | −7.008779 | 3209.216 |
| EGARCH(1,1,1) | Gaussian | −7.025497 | −6.999073 | 3205.114 | Student | −7.028507 | −6.996797 | 3207.485 | GED | −7.030426 | −6.998717 | 3208.359 |
| PGARCH(1,1,1) | Gaussian | −7.026622 | −6.994912 | 3206.626 | Student | −7.029612 | −6.992618 | 3208.988 | GED | −7.031268 | −6.994274 | 3209.743 |
| TGARCH(1,1,1) | Gaussian | −7.028705 | −7.002281 | 3206.575 | Student | −7.031598 | −6.999888 | 3208.893 | GED | −7.033244 | −7.001535 | 3209.643 |
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GED: generalized error.
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