The Effects of Commodities and Financial Markets on Crude Oil | Oil & Gas Science and Technology

Open Access

Table 6

Results from the estimation of the GARCH (1,1) model.

Variable	Model 1	Model 2	Model 3
Estimated coefficient	Mean equation
μ	0.011799	0.01036	0.0097
Estimated coefficient	Variance equation
α ₀	0.001907^**	0.002064	0.002093
α ₁	0.304584^*	0.2440^**	0.2705^**
δ ₁	0.524868^*	0.5621^*	0.5402^*
Δ(Industrial production)		−0.0005	−0.0005
Δ(3M T−Int. Rate)			0.0005

Statistically significant estimate at the 5% level of significance.

^**

Statistically significant estimate at the 10% level of significance. Sample (adjusted): May 2005 - December 2014.

Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.

Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.

Initial download of the metrics may take a while.