Nigeria Exchange Rate Volatility: A Comparative Study of Recurrent Neural Network LSTM and Exponential Generalized Autoregressive Conditional Heteroskedasticity Models

Table 5.

Comparison of EGARCH (1, 1) and LSTM Model for 30 DaysOut-of-Samples Forecast

Currency MSE

EGARCH (1,1) LSTM

Euro 224.7 228.9
Pound Sterling 231.3 554.1
US Dollars 138.5 921.4