(1) Beta 2

(2) Beta 2

(3) Beta 2

(4) Beta 2

(5) Beta 2

(6) Beta 2

rCons

0.0119**

0.0118**

0.0123

0.0110

(2.13)

(2.05)

(1.25)

(0.98)

rAccu

0.0095

−0.0006

−0.0038

(1.62)

(−0.06)

(−0.22)

rMSE

0.0105*

0.0044

(1.80)

(0.22)

Exper

0.0025

0.0024

0.0024

0.0025

0.0025

(0.64)

(0.61)

(0.61)

(0.64)

(0.64)

Horizon 2

2.12e−06

2.04e−06

2.13e−06

2.05e−06

2.04e−06

(0.27)

(0.26)

(0.27)

(0.26)

(0.26)

Cover

−0.0001

−0.0001

−0.0001

−0.0001

−0.0001

(−0.63)

(−0.63)

(−0.62)

(−0.63)

(−0.63)

cons

0.0062**

0.0017

0.0031

0.0026

0.0017

0.0017

(2.02)

(0.19)

(0.34)

(0.28)

(0.19)

(0.19)

N

2965

2965

2965

2965

2965

2965

R-sq

0.002

0.002

0.001

0.001

0.002

0.002

AIC

−7317

−7311

−7310

−7310

−7309

−7307

BIC

−7305

−7281

−7280

−7280

−7273

−7265

T statistics are in parentheses *p < 0.1, **p < 0.05, ***p < 0.01