Process outputs of many production processes like chemical, food processing and pharmaceutical industry follow a stationary Gaussian process. Some amount of measurement error always present in the measured data due to inaccurate measuring processes. Throughout this paper, we discuss some...

In recent years, an impressive body or research on predictive accuracy testing and model comparison has been published in the econometrics discipline. Key contributions to this literature include the paper by Diebold and Mariano (DM: 1995) that sets the groundwork for much of the subsequent work...