|
| (1) Beta 3 | (2) Beta 3 | (3) Beta 3 | (4) Beta 3 | (5) Beta 3 | (6) Beta 3 |
| rCons | 0.0477*** | 0.0443** |
|
| 0.0411 | 0.0441 |
| (2.62) | (2.36) |
|
| (1.28) | (1.20) | |
| rAccu |
|
| 0.0380** |
| 0.0040 | 0.0115 |
|
|
| (1.99) |
| (0.12) | (0.20) | |
| rMSE |
|
|
| 0.0386** |
| −0.0105 |
|
|
|
| (2.04) |
| (−0.16) | |
| Exper |
| 0.0103 | 0.0098 | 0.01 | 0.0102 | 0.0102 |
|
| (0.83) | (0.78) | (0.80) | (0.81) | (0.81) | |
| Horizon 2 |
| −7.86E−06 | −7.48E−06 | −8.05E−06 | −7.43E−06 | −7.39E−06 |
|
| (−0.31) | (−0.29) | (−0.31) | (−0.29) | (−0.29) | |
| Cover |
| −0.0005 | −0.0005 | −0.0005 | −0.0005 | −0.0005 |
|
| (−0.81) | (−0.80) | (−0.80) | (−0.80) | (−0.80) | |
| cons | 0.0132 | −0.0025 | 0.0018 | 0.0010 | −0.0027 | −0.0027 |
| (1.31) | (−0.08) | (0.06) | (0.04) | (−0.09) | (−0.09) | |
| N | 2965 | 2965 | 2965 | 2965 | 2965 | 2965 |
| R-sq | 0.002 | 0.003 | 0.002 | 0.002 | 0.003 | 0.003 |
| AIC | −312.7 | −308.1 | −306.5 | −306.7 | −306.1 | −304.2 |
| BIC | −300.7 | −278.1 | −276.5 | −276.7 | −270.2 | −262.2 |
| T statistics are in parentheses *p < 0.1, **p < 0.05, ***p < 0.01 | ||||||