Figure 4.

Boxplots of the normalized estimated eigenvalues for process X_i(υ), $({\mathrm{\lambda ̂}}_k^X-{\lambda }_k^X)/{\lambda }_k^X$, (left box) and the normalized estimated eigenvalues for process W_ij(υ), $({\mathrm{\lambda ̂}}_l^W-{\lambda }_l^W)/{\lambda }_l^W$, (right box) based on scenario 1 with 100 replications. The zero is shown by the solid black line.