Table 3- Unit Root Tests of the Estimated Conditional Standard Deviations
ADF |
PP | |
S&P 500 |
-4.30 |
-15.46 |
S&P 500 Div. Yield |
-5.08 |
-8.82 |
World ex US |
-3.83 |
-10.83 |
World ex US Div. Yield |
-4.68 |
-11.12 |
Term Structure |
-8.17 |
-15.41 |
US M2 |
-3.35 |
-11.53 |
Ind. Production |
-9.84 |
- 17.38 |
Inflation |
-7.09 |
-10.86 |
US Dollar |
-7.54 |
-19.99 |
Con. Confidence |
-4.51 |
- 9.63 |
Gold |
-3.68 |
-13.49 |
Palladium |
-4.78 |
-10.59 |
Silver |
-7.32 |
-10.55 |
Platinum |
-8.33 |
-12.28 |
20