Forecasting Return Volatility of the CSI 300 Index Using the Stochastic Volatility Model with Continuous Volatility and Jumps

Table 1

Descriptive statistics for each variable.

	Mean	Std. dev.	Skewness	Kurtosis	Jarque-Bera	ADF-t statistic
𝑅𝑡	−0.0152	2.1141	−0.2647	4.9345	200.95***	−32.901***
ln(RV𝑡)	0.9600	0.9323	0.5180	3.2163	55.961***	−4.9183***
ln(𝐶𝑡)	0.7650	0.8992	0.3525	2.8382	26.138***	−5.3556***
ln(𝐽𝑡+1)	0.2825	0.6209	3.0445	14.085	7990.6***	−16.266***

***Indicates significance at the 1% level.