Generalized Autoregressive Conditional Heteroskedastic Model to Examine Silver Price Volatility and Its Macroeconomic Determinant in Ethiopia Market

Table 8

ARCH-LM test for standardized residuals of the fitted volatility models.

ARCH order	statistic	F-statistic
ARCH(1)	0.056136 (0.08127)	0.055561 (0.8139)
ARCH(2)	0.088513 (0.9567)	0.04357 (0.9574)
ARCH(3)	0.142597 (0.9863)	0.04655 (0.9866)

Note: values in parentheses are values.