What Causes Stock Market Volatility in Pakistan? Evidence from the Field

Table 2

Results of ARMA, GARCH, and EGARCH.

Parameters	⁢Mean equation					⁢Variance equation
								SBC	AIC
	0.00075; (0.0000)	0.766781; (0.0000)	−0.6697; (0.0000)	0.000005; (0.0000)	0.834785; (0.0000)	0.146561; (0.0000)		−5.97	−5.977
	−0.0007; (0.0000)	0.87746; (0.0000)	−0.7791; (0.0000)	−0.80484; (0.0000)	0.92974; (0.0000)	0.26901; (0.0000)	−0.0634; (0.0000)	−5.95	−5.9641

ARCH-LM test for GARCH.
-test 0.389836 (0.8561); Obs    1.9504 (0.8560).