| Mean Eqn | Variance Eqn | ||||||
| Country | µ | Rcountry I (−1) | RUSA (−1) | ω | α | Υ | β |
| BANG | 0.0502 (0.04) | −0.0213 (0.10) | 0.0208 (0.06) | - | - | - | - |
| IND | −0.0056 (0.02) | 0.0091 (0.09) | 0.0721** (0.03) | 0.8793** (0.37) | 0.6640** (0.25) | −0.0078 (0.12) | 0.8412** (0.11) |
| NEP | 0.0094 (0.01) | −0.0191 (0.08) | −0.0042 (0.01) | - | - | - | - |
| PAK | −0.0015 (0.04) | 0.0557 (0.08) | 0.0267 (0.06) | - | - | - | - |
| SRI | −0.0066 (0.05) | 0.0269 (0.08) | −0.0584 (0.07) | - | - | - | - |