The Effect of Monetary Policy on Commodity Prices: Disentangling the Evidence for Individual Prices

Table 6

Residual tests.

Autocorrelation Portmanteau test (16 lags)
Model	Statistic	value
Oil	347,90	0,522
Gold	375,23	0,563
Coal	378,45	0,169
Nickel	345,14	0,142
Var models	Statistic	value
Oil	536,30	0,154
Gold	545,35	0,099
Coal	538,71	0,138
Nickel	544,04	0,105
CRB	563,795	0,033