Table 7.

The predictive means, SD’s and 95% credibility intervals of VaR at times $T=1408..,1412$ with probabilities $\alpha$=0.05 and 0.01 for SP 500

	$Va{R}_{1407+1}$	$Va{R}_{1407+2}$	$Va{R}_{1407+3}$	$Va{R}_{1407+4}$	$Va{R}_{1407+5}$
Mean${}^1$	1.3472	1.8703	2.2513	2.555	2.8108
	(1.3417,1.3527)	(1.8627,1.8778)	(2.2416,2.2611)	(2.5442, 2.5662)	(2.7989,2.8228)
SD${}^1$	0.0279	0.0377	0.0491	0.0556	0.0603
Mean${}^2$	1.9090	2.7373	3.3527	3.8446	4.2381
	(1.8982,1.9189)	(2.7223,2.7523)	(3.3356,3.3718)	(3.8236,3.8657)	(4.2086,4.2677)
SD${}^2$	0.0545	0.0756	0.0963	0.1061	0.1489

${}^1$ VaR with probability 0.05

${}^2$ VaR with probability 0.01