The Nobel Memorial Prize for Robert F. Engle



Table 3

Descriptive Statistics, Estimated Factors

Factor

Mean

Std. Dev.

Minimum

Maximum

ft(ɪ)

P(12)

P(30)

ADF

⅜,

7.579

1.524

4.427

12.088

0.957

0.511

0.454

-2.410

к

-2.098

1.608

-5.616

0.919

0.969

0.452

-0.082

-1.205

⅛,

-0.162

1.687

-5.249

4.234

0.901

0.353

-0.006

-3.516



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