${\delta }_t^1$

$r_t$

${\delta }_t^2$

${\delta }_t^3$

${\delta }_t^1$

0.0.98287

0.00739

−0.00019

0.00018

$r_t$

0.03965

0.95810

−0.00068

0.00067

${\delta }_t^2$

−10.14948

8.45684

−0.03876

0.13267

${\delta }_t^3$

−9.95162

9.77489

0.05441

0.05082