Coefficients

GARCH

(1, 1)

(1, 2)

(1, 3)

(1, 4)

(1, 5)

(2, 1)

$\mu$

0.0014**

0.0014**

0.0031*

0.0013**

0.0012***

0.0012**

(0.0006)

(0.0006)

(0.0003)

(0.0006)

(0.0006)

(0.0005)

${\theta }_1$

0.0812***

0.0936***

0.0313

0.0950***

0.1005**

0.1039**

(0.0483)

(0.0507)

(0.0388)

(0.0531)

(0.0512)

(0.0477)

${\theta }_2$

−0.0310

−0.0391

−0.0319

−0.0290

−0.0352

−0.0360

(0.0402)

(0.0460)

(0.0236)

(0.0548)

(0.0543)

(0.0492)

$\eta$

1.25E−05

9.83E−06*

3.53E−05*

5.29E−06*

3.50E−06*

1.27E−05**

(7.68E−06)

(3.08E−06)

(2.84E−06)

(1.79E−06)

(6.07E−07)

(5.87E−06)

${\alpha }_1$

0.3458*

0.3187*

0.3498*

0.2738*

0.2282**

0.1829**

(0.1111)

(0.0703)

(0.0341)

(0.0878)

(0.0911)

(0.0841)

${\alpha }_2$

0.4092

(0.3770)

${\beta }_1$

0.6695*

0.9743*

0.9816*

1.4296*

1.7836*

0.5187*

(0.0791)

(0.0821)

(0.1204)

(0.1068)

(0.0961)

(0.1580)

${\beta }_2$

−0.2596*

−0.4264*

−1.1306*

−1.9036*

(0.0812)

(0.0910)

(0.1831)

(0.1880)

${\beta }_3$

0.0732*

0.5869*

1.5081*

(0.0160)

(0.1394)

(0.2141)

${\beta }_4$

−0.1099**

−0.8152*

(0.0548)

(0.1469)

${\beta }_5$

0.2462*

(0.0517)

Q1 (5)

35.381*

34.211*

48.953*

37.973*

35.341*

34.203*

Q1 (10)

41.864*

41.195*

56.104*

45.295*

45.573*

42.249*

Q2 (5)

0.1167

0.1709

0.1029

0.1291

0.141

0.227

Q2 (10)

0.3078

0.3840

0.3891

0.449

0.423

0.601

Log Likelihood

8693.102

8710.725

8584.991

8733.666

8743.978

8739.313

F Stat.

0.0518

0.0564

0.024

0.058

0.040

0.013

Prob.

0.8199

0.8122

0.874

0.809

0.841

0.906