| Variance Decomposition of VOL | ||||
| Period | S.E. | VOL | MP | SS |
| 15 | 0.013460 | 92.66612 | 7.066384 | 0.267495 |
| 16 | 0.013461 | 92.65904 | 7.073425 | 0.267534 |
| 17 | 0.013462 | 92.65486 | 7.077582 | 0.267557 |
| 18 | 0.013462 | 92.65240 | 7.080031 | 0.267571 |
| 19 | 0.013463 | 92.65095 | 7.081471 | 0.267579 |
| 20 | 0.013463 | 92.65010 | 7.082316 | 0.267583 |
| 21 | 0.013463 | 92.64960 | 7.082811 | 0.267586 |
| 22 | 0.013463 | 92.64931 | 7.083101 | 0.267587 |
| 23 | 0.013463 | 92.64914 | 7.083271 | 0.267588 |