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Table 2 Descriptive statistics of regularized variables

From: Return direction forecasting: a conditional autoregressive shape model with beta density

Variable

Mean

SD

Median

Skew.

Kurt.

Corr

bm

.232

.141

.220

.770

4.349

\(-0.117\)

tbl

.207

.190

.176

1.098

4.315

\(-0.035\)

ntis

.313

.109

.316

1.666

11.619

\(-0.069\)

infl

.290

.066

.289

1.177

17.570

\(-0.043\)

ltr

.443

.093

.436

.590

7.385

0.073

svar

.039

.081

.017

5.803

46.792

\(-0.195\)

tms

.676

.149

.684

\(-.449\)

3.568

\(-0.026\)

dfy

.151

.130

.109

2.492

11.938

\(-0.074\)

dp

.428

.176

.437

\(-.152\)

2.556

\(-0.099\)

dy

.438

.177

.449

\(-.178\)

2.536

\(-0.007\)

ep

.682

.136

.663

\(-.541\)

5.473

\(-0.073\)

de

.229

.125

.232

1.560

9.095

\(-0.047\)