Table 1: Simulation results.

Simulation Number ofInput parametersSimulation statisticsEquation (4)Equation (5)DifferenceDifference
no.obs. ( ) ( ) ( ) in in

l100,0001.01.00.00.50.00.50.00050.00930.66560.33360.80270.36170.13710.0282
2100,0001.01.00.01.00.01.0−0.00140.00530.33550.66810.50350.75270.16800.0845
3100,0001.01.00.01.50.01.50.00260.00240.18020.81970.30750.90960.12730.0900
4100,0001.01.00.02.00.02.0−0.0003−0.00090.11090.88630.20060.95870.08970.0723
5100,0001.01.00.02.50.02.5−0.0040−0.00350.07410.92720.13810.98270.06400.0555
6100,0002.01.50.00.50.00.50.00150.00520.59030.92110.90171.29030.31130.3691
7100,0002.01.50.01.00.01.00.0043−0.00050.26591.66030.69393.21820.42801.5578
8100,0002.01.50.01.50.01.5−0.0045−0.00010.13921.93790.49914.03240.35992.0945
9100,0002.01.50.02.00.02.00.0027−0.00410.08312.08330.36434.24700.28132.1637
10100,0002.01.50.02.50.02.50.00110.00530.05432.13300.26473.97080.21041.8378
11100,0003.02.00.00.50.00.5−0.0021−0.00440.55131.80660.94032.91200.38911.1054
12100,0003.02.00.01.00.01.0−0.00100.00010.23493.05870.79938.48080.56445.4221
13100,0003.02.00.01.50.01.5−0.0005−0.00420.11913.50870.636412.46080.51738.9520
14100,0003.02.00.02.00.02.00.00490.00190.07173.72080.500714.00610.429010.2853
15100,0003.02.00.02.50.02.5−0.00430.00720.04743.82340.389813.75590.34249.9325
16100,0004.02.50.00.50.00.5−0.00150.00200.53152.95870.96225.16290.43072.2042
17100,0004.02.50.01.00.01.0−0.0020−0.00020.21904.86820.861316.60770.642211.7395
18100,0004.02.50.01.50.01.5−0.00100.00210.11015.54620.735327.67050.625222.1243
19100,0004.02.50.02.00.02.0−0.00160.00020.06555.80760.609633.92310.544228.1155
20100,0004.02.50.02.50.02.50.0002−0.00270.04295.96520.500436.34980.457430.3845
21100,0005.03.00.00.50.00.50.00370.00370.51254.37210.97358.09190.46113.7198
22100,0005.03.00.01.00.01.0−0.0007−0.00140.20857.14580.899427.81150.690920.6656
23100,0005.03.00.01.50.01.50.0046−0.00120.10468.03870.797949.30040.693341.2617
24100,0005.03.00.02.00.02.0−0.00180.00210.06208.38230.690165.22450.628156.8423
25100,0005.03.00.02.50.02.50.00510.00030.04048.66640.591576.60450.551267.9381