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Table 6 Variance decomposition of LNBTC_SA

From: Analysis on the influence factors of Bitcoin’s price based on VEC model

Period LNBTC_SA LNCPI_SA LNDJIA_SA LNFFR_SA LNGP_SA LNUSDI_SA
1 100 0 0 0 0 0
2 88.72089 1.051567 1.185032 0.016556 1.888619 7.137339
3 82.06558 1.770305 4.011034 0.760684 1.931351 9.461043
4 68.84896 2.067678 6.367946 2.701567 3.022276 16.99157
5 58.68237 1.77231 8.255509 4.783119 3.215946 23.29074
10 48.59186 0.60007 11.54285 8.228022 1.726649 29.31056
20 44.88855 0.284278 12.25335 9.979117 0.732513 31.86219
30 42.71013 0.476629 14.08435 10.04215 0.413245 32.2735
40 40.51459 0.773933 15.87015 10.32418 0.279782 32.23737
50 39.17296 1.035887 16.82198 10.54707 0.247408 32.1747