Research Article
Hybrid Model for Stock Market Volatility
Table 1
The McLeod-Li test for ARCH effect in standardized residuals.
| ā | Number of lags | Test statistic | values |
| S&P 500 | 10 | 11.387 | 0.328 | 15 | 19.975 | 0.173 | 20 | 22.809 | 0.298 | 25 | 23.282 | 0.561 | 30 | 25.494 | 0.701 |
| NASDAQ100 | 10 | 3.981 | 0.948 | 15 | 15.021 | 0.450 | 20 | 16.440 | 0.689 | 25 | 19.325 | 0.781 | 30 | 21.347 | 0.877 |
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