Financial Innovation

Table 8 Results of the BDS test for the Bitcoin (period1)*

From: The nexus between the volatility of Bitcoin, gold, and American stock markets during the COVID-19 pandemic: evidence from VAR-DCC-EGARCH and ANN models

	[0.0255]	[0.051]	[0.0766]	[0.1021]
Standard normal
m = [2]	3.5935	1.4685	0.621	0.4114
m = [3]	5.3615	2.2931	1.338	1.4777
p-value
m = [2]	3e-04	0.1420	0.5346	0.6808
m = [3]	0e + 00	0.0218	0.1809	0.1395

*m, the embedding dimension of orders 2 and 3. Test applied for four values of epsilon scaling the standard deviation of the series

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