Diagonal component of variance IMT and Ratio

α t

β t 1

β t 2

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

0.4

0.66

0.18

3

3

2.3253e−04

2.6095e−04

2.2984e−04

1.01

1.06

-

-

-

-

-

-

-

4.5129e−02

4.8176e−02

4.4637e−02

1.01

1,03

-

-

-

-

-

-

-

1.9837e−01

2.3374e−01

2.0511e−01

0.98

1.06

1.20

2.20

0.8

0.59

0.36

3

3

1.3404e−03

1.4576e−03

1.4116e−03

0.97

1.01

-

-

-

-

-

-

-

2.2914e−02

2.4611e−02

2.3911e−02

0.98

1.01

-

-

-

-

-

-

-

3.3481e−02

3.7438e−02

3.4621e−02

0.98

1.03