Table 16.

Optimal lag period selection result.

Lag	LogL	LR	FPE	AIC	SC	HQ
0	398.3909	NA	$1.44\times {10}^{-5}$	−2.635939	−2.598901	−2.621117
1	1840.989	2846.726	$1.02\times {10}^{-9}$	12.19326	−12.04511	−12.13397
2	1939.346	192.1246	$5.60\times {10}^{-10}$	−12.78897	−12.52971	−12.68521
3	1967.990	55.37755	$4.92\times {10}^{-10}$	−12.78897	12.54955 ***	−12.77170
4	1982.863	28.45888	$4.73\times {10}^{-10}$	−12.78897	−12.47760	−12.76640
5	2004.334	40.65023	$4.35\times {10}^{-10}$	−12.78897	−12.44962	−12.80506
6	2017.730	25.09534	$4.23\times {10}^{-10}$	−12.78897	−12.36781	−12.78990

Note: *** indicates that this column has 10% visibility.