1\begin{table}[htbp]\centering\small2\caption{Main: QLIKE relative to Random walk (trailing RMS)}3\label{tab:main_cmp_qlike}4\begin{adjustbox}{max width=\textwidth}5\begin{tabular}{lcccc}6\toprule7Model & $H=5$ & $H=15$ & $H=30$ & $H=60$ \\8\midrule9Seasonal volatility & -8472593190631.71\% (-26.5) & -8305269577503.39\% (-23.8) & -7325382995932.99\% (-14.1) & -6019653909459.67\% (-7.4) \\10EWMA-$t$ & -12797135612615.71\% (-41.9) & -10996225269347.05\% (-30.9) & -8956891977333.71\% (-18.6) & -6156613654049.44\% (-9.7) \\11HAR-RV & +1922904424583.55\% (4.0) & -11677912373599.43\% (-9.2) & -11280891155603.60\% (-11.2) & -11508236846123.03\% (-17.7) \\12GARCH(1,1)-$t$ & -3792274777371.91\% (-4.2) & -2936683613506.50\% (-4.8) & -1014981889598.51\% (-1.7) & +2553431567866.42\% (4.3) \\13Ridge & +5434479946610.18\% (7.4) & -12177565285940.69\% (-21.4) & -12517051234684.73\% (-20.7) & -12281264246708.48\% (-17.5) \\14Elastic net & +5514663565784.96\% (7.5) & -12129129818422.78\% (-21.2) & -12468574596082.83\% (-20.4) & -12234566499031.67\% (-17.2) \\15LightGBM & +1814267205302873.75\% (4.8) & +11471871421175.42\% (0.8) & -13278787159454.87\% (-25.8) & -13466213447329.12\% (-26.1) \\16MLP (1m) & -15818212313424.51\% (-41.8) & -14508869311135.06\% (-36.7) & -13489944655719.03\% (-28.8) & -12445594328523.75\% (-19.9) \\17TCN (1m) & -16924042856514.05\% (-63.3) & -15020597397889.10\% (-35.3) & -13794157215647.81\% (-23.8) & -13055303736382.31\% (-25.8) \\18MRPT-S (1m+5m+30m) & -17518582839370.88\% (-61.1) & -16395858212306.31\% (-59.2) & -15469510096077.54\% (-47.9) & -14813941021870.59\% (-38.0) \\19MRPT-S (1m only) & -17184931027568.06\% (-60.5) & -15902869282831.41\% (-45.2) & -14857414727344.76\% (-34.7) & -14011901777049.01\% (-28.0) \\20MRPT-B (1m+5m+30m) & -17153971110963.66\% (-60.7) & -16037277205437.76\% (-48.1) & -15081771195336.03\% (-37.9) & -14340084012486.90\% (-30.2) \\21\bottomrule22\end{tabular}23\end{adjustbox}24\begin{minipage}{0.95\textwidth}\scriptsize Relative change in mean QLIKE versus the reference (negative = better); Diebold--Mariano $t$-statistic with HAC variance in parentheses.\end{minipage}25\end{table}