I want to examine volatility spillover between Spot and future using EGARCH. The mean equation is as follows:

retussi c retussi(-1) retusci(-1)

Where retussi refers to spot and retusci refers to future.

What will be the interpretation of my variance equation (specifically ARCH and GARCH term). The variance equation is as follows:

LOG(GARCH) = C(4) + C(5)*ABS(RESID(-1)/@SQRT(GARCH(-1))) + C(6)*RESID(-1)/@SQRT(GARCH(-1)) + C(7)*LOG(GARCH(-1)) + C(8)*RESID01.

RESID01 is the residual of future, which has been taken as variance regressor.

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