Diagonal component of variance IMT and Ratio

α t

β t 1

π t

S . D ( π t )

R n E

R n T

V E

V T

V t r

R 1

R 2

0.80

0.50

0.67

0.14

3

3

2.4038e−04

2.4441e−04

2.4915e−04

0.98

0.99

-

-

-

-

-

-

4.3783e−02

4.4257e−02

4.4706e−02

0.99

0.99

-

-

-

-

-

-

1.9858e−01

1.9486e−01

1.0478e−01

0.98

0.98

1.20

2.20

0.64

0.35

3

3

1.5709−03

1.6876e−03

1.6469e−03

0/98

1.01

-

-

-

-

-

-

1.9049e−02

2.0225e−02

2.0199e−02

0.97

1.00

-

-

-

-

-

-

2.6726e−02

2.9664e−02

2.7877e−02

0.98

1.03