Forecasting of Global Market Prices of Major Financial Instruments

Table 7

LM test for autoregressive conditional heteroscedasticity.

Variable	Model	LM-ARCH	value
AD	GARCH (1,1)	8.509965	0.7441175
C	GARCH (1,1)	62.78456	<0.001
CL	GARCH (1,2)	12.72092	0.3896475
ES	GARCH (1,2)	53.91283	<0.001
FC	GARCH (1,1)	50.21859	<0.001
GC	GARCH (3,4)	15.0366	0.2394412
KC	GARCH (1,1)	17.25444	0.140274
US	GARCH (1,1)	13.53744	0.3312158