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Mg[?VpzZ?n>X?qMYdW? ~(W?sE4Z?;~[?y]),[?{bf?Si?}?E*?,_|?*>7V?cC|8?@,?R %|?'W}?F?/?KmdF{?>KCv?/Cv?sQz?J>*?奿~?"nn?Vm? iX?޲ {?GARCH01  F!Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌe6@,<"Arialwf1" has changed! Save?R1/1/1900"ArialAZbtiZbt"Arial06!Button05571)ZbtiZbt"Arial06!Button05571)ZbtiZbt"ArialeϞfZbtiZbt"Arial06!Staticng..."ArialSOFTWARE\IHS EViews g,Ny2x 77[History] Modified: 1999M01 2016M07 => Conditional Variance from equation EQ_FEI_GARCH_IYYɿnn''BA8}q*?7c͏(?a`'?}+?~.*?jV`e*?V={w-?KTO#,?t_+?s/?7jF0?sI2.?P2?{л1?@1?Žw0?oPd0?[*g2?gAtA?dՑB? DmA?6@?PC?\B?1vFA?}ٷ@?gM@? \@?g3]>?3VC?rW/C?A@OB?3۝A?1|"LiC?:E?<4cG?96gF?>8\G?|PtE?J`5D?[B?X@B?o/ҝ(A?3w*F?#7 tD?7<F?D?~dC?9'D?ü F?{@E?pPC?1ߡD?QC?cByB?J-TRB?`d:?<й :?N/?P3H?`ex6I?;@L?*(;"aM?.P?` LO?rJM?CK?K?eϞn~I?cD>:H?;%vH?ƻBOG?oE?$:F?çE?06C?RiC?LB?:)=A?g;@?*\>?sH|~>?5>@@?XKOF?UE? #IC?_ E?k'D?\e5YG?K΂G??&RG?i|H?53YF?ֽȰE?:,>D?$|C?N#/FB?Z8#-A?/@?56A?U躯D?D G?ڈ͟:F?>n D?}X`C?ֿiB?nB?d A?CޑA?ق㸑=B?#4A?VC?!(D? PC?tD?1 H??>*G?|2G?xA)G?P+J?JLoQ?qHݸ^Q?@xB$CP?exN?DuN?:H-O?2μV?5(V?;N.f?,d?c?\duJg?[f?ZF]e?Ní59e?ABwe?f^5md?dd?!#`Bd?ьZId?a$b?h!;b?O`a?}e`?sf_?R(]?0y9\?E DlZ?/ŠX?Ϣw8{KZ?(I~GZ?yY?EQY?/X?x¹zX?ѹ׃W?ow@V?D43X?JW?CŻkOV?E͒T?o-S?.AWnR?mjQ?$R? wQ?!H]P?UqP?=.jO0P?:2LO?X5M?׵=!L?ӤgDSJ?֤)W?ӗUW?x`\V?KU?l-YT?MgiS?bzQ?jYP?\F P?=KO? P?4Z'N?Hf'oM?[9Q48L?HLJ?,ZI? A2G?#dF?!)VE?-]H?_ GF?.rE?yw-9vD?D?@R#D?F wB??W!D?*C?j^˳C?:=%\C?dr-C?GbB? JA?@?_ҟY@?uDžň>?J9>?i9 :D?;B?_zB?{&B?iu\A?of@?@? d@??e??ƾ$A?c_wA?GARCH01  FȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌe6@,<"ArialSOFTWARE\IHS EViewsR1/1/1900"Arialed: 1992M01 2016M07 => ZbtiZbt"ArialSOFTWARE\IHS EViewsZbtiZbt"ArialSOFTWARE\IHS EViewsZbtiZbt"ArialSOFTWARE\IHS EViewsZbtiZbt"Arial06!Combobox"ArialA,N2x 7[History] Modified: 1992M01 2016M07 => Conditional Variance from equation EQ_FI_GARCH_IXXH''BA8+]x:?HMe9?28?ҌN8?ęe9?G.9?$sZ 2@???x۞>?"`=?-V?? Ҡ=? HI#\?Q@[?{-[?iI4^Z? WY?^t W?LdKV?ԥY?W?s ͡V?^0=IgU?Q$;T?|S?S?aQ?`;`4R?bd%`Q?U]U?aa?R(1`?;'^?t ]?+U]?Ģ!O!^?Ђ۩Bk`?($¿`?Z ;-Sc?Tbb?ƎKԚa?#`?v{S`?W h\_?4]?e&9/\?߳?4Z?Tija?ʊea?n)`?yK`?ak7_?.>욣*_?Gw]?i Fu[?٭ۍtZ?PY?Oe: W?y\}V?BlJ2V?B^U?p9sT?*('ZS?f"P~S?1ƆR?bOQ?FR8wR?HwjT?ARVS?zOsiR?.ijR?0nQ? 1S?z$S? [տS?=r~0S?zNR?@gP=V?2\+V?>̈ Y?jZ[X?wj,5Y?x;̧Z?(b21XY?UX?!-9W?BtX?YX?q d??;dac?/i;s?v>/r?Jrq?FRu?u?쏻t?h"djw?T.qtw?9Ogsav?+Zթu?Be6v?Mv?Vsu??}‡yt?@4\s?rKbOr?fAq?p1p?[jo?'@m?3l?>8}dk?bl?>4j?7Gbk?’k?"Jj? 5i?Ql h?}\/՞h?lYg?n>f?ޛed?ӂc?w b?]ׅra?a4OGb?~a?y a?YgGa?*OA|`?MGh`?(=`?й_^_?mh]?ڄ2c?n% c?.b?ZS6c?ZJCBb?a2̴a?6\Rw`?3;_?c`?x_?V_?[`ƪ"^?~Kl\?L`^ćr[?ajN\?Z?˼6Y?N2X?k jW?'X?0tY?ڨ*X?PV?mayV?&pW?Jn@wV? AX?lV?J^Ɠ:V?󭔅NW?^@U?SRT?nX7hT?)XVS??R?:^DQ?~\P?0 ZbtiZbt"Arialed: 1999M01 2016M07 => e?ZbtiZbt"Arial06!ButtonZbtiZbt"Arialed: 1992M01 2016M07 => "Arialwf1" has changed! j,N|2x 7:[History] Modified: 1992M01 2016M07 => Conditional Variance from equation EQFOI_GARCH_IXXnnn''BA8 2?K2?xh'3?5UC3?^3?jW2?nI90? j.0?m(YI0?W3]0?J0?C:ˡ.?Q;.?F+ /?U.? /?4ji%/?@a/?0/?E\u/?$0/?)ns &0?~?w^?0?;b#p0?D0?9/?&/?0b0?6FL0?azn.?|G*=4/?{9/?c`Lɖu/?#[/?|ͣ10? /? 8~,m.?j).?Q.?6z-?oFH -?*?Q+?OD+?=+?&+?Ǭh,? 2e-?-?{gކ$-?Nw-?v.9.?8-?D-?,?CtI-?E w-?vCt-?^q-?9yH-?.^ནv.?,0.?ZY5-?:woT.?cW˒-?zf-?M9-?NU>,?+M+?tK+?$H8_,?fm>,?kCF -? v+?׹;+?ZZ+?^"Qe+?*qyt+?.֤|)+?|B*?SN)?^*?7b|)?cٹ)?w>&?=E"''?&?ڬj&? BE&?}Y'?fn%?i_~%?6)&?jtr&?&?:Ju+'?N20'? 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X ?{zy?dA݇?*z?XT?~W?ՋyԚ? oY?x-|f?x@?C?9I(?|1_Ѝ?Ǹ?e=&͉?w'f?=HY?1@)€?=%?fqCE?CWsZ?䨏?~^|?p?1ߓˊ?ͱTȩ^?'oW?=H3<? Fы?`?퉍?cA^H?qHO?aE?~?z?Md C?At?G?r?BD~?o`? }?=ؔ?7,?REh9 ?ax?@? t{?h?ǎ?ъ+ ?j8?V#j?2@Q?.w?M~g?V?C' Hʫ?M?67P's???Aƽƭ?@w=?h=?4[r°? n?ZO"A?$?0)h?*;=u? YxF?`/ :?ZW?@sk ?c[2?_/?G["?J0[*д? [?J(?:@? TL۴??`aֶ?<*?8I:?HU?{(?G/9?ȶ?u(?8sc3?%(q?m?G,1h? U/?S—?Ba? 5B??T[?}()s?y?95?S3?R?zxX?a3Z?@ޏ?ϊF?-#?V2?E?Y}?q@9t$?ZVǟ?}Ɖ?}2F?s?`?vj?Z, ? !ͩ?f>? ?O3?~4q?&-?nڝ?ը1?2'?x.?f$?.ۤ?<i?Sh:?Edoaj?E?2pg? o?K k?+ؾ?A<?JgB?B,ڝgL?^~Hd?7~?R;˽?R`?na? ¾?P?T9Կ?%[]N ??Ng?Hjdrj?dp:?bV9U?b3? 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C?NȿAȘ8?$ſ J?G п,?HWԿ荎?D?D57ȿ/?L|?@'ҽ<5i?O ?ڨYrQx?[zNԠRXP?@e_?1p{?Ap((}, g? UÿQ?NWc? ANZ? SW?8gPֺ@B9f?mw.?t!7C?GrlA›]aW߱?T줕?Ⴂ?06h@#a?njg60? J?`6=Lhe?%:B?c@ll_?7PʤD?j?V$R͞"?z6?V6?2?+(!({ܵY?f1m=?L?幾?09={į?c2@]M ?^J6V} ?WL(?QS;X@' ?H1۳a͊?@Ä?$:?.9?i.̤.?HT9S:?f n ב?AK1?Y_?ǟ}k2}?'7F?N=zP-?^^*N(?/C8z`?L+?|ſ8 ?`Z?x陁m? :..⤿P?x]=@W $3? G5k?M 6x@p1QfR ?ɖ?HS?0R?4̕"?Ɠ]H.?af?YDtsM@w? ٜĿ0ڭ0Wܘ?4^ڄ?B? l9:L? Q٦?Yձ-?p3 7?Wl]C՚c(j5?@QR,JZ=?t۬?+Ŏs?kF?eR6WCc8i?[@/?kSwf WF?`mb?P`MZ@Ӟ4-?@ͦ?&nY̨?)m6?P9DZ3?,?`6ސƪЩ.^]lh!?]32RukJ?Չ)Y@? ?`sA:D?m/m-?S_R_BFTC  OXF]XȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌe6@,<"ArialAR1/1/1900"Arial&Estimate Equation...ZbtiZbt"Arialwf1" has changed! ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"ArialAZbtiZbt"Arialed: 1992M01 2016M07 => "Arialed: 1992M01 2016M07 =>  FXX,N[2x 7s_[History] Modified: 1992M01 2016M07 => s_r_bftc = (s_n_bftc/s_n_bftc(-1))-1LL`''BA8tI2?SNu܊6S?`F7?`_N\?@*<+JgN@1?vJ]&Ӟ@0T㥿 y;[ɢ?pd?xeTAt?0F9ڧ)p?0>5ޠj66+?ƯE?Է@? Zv~qp!&ڴ?[? S?Ǚ?\$vPf/Iͤ? P/Ag?RjYʥ LI?e'?tI2?P)ʰ?tS;N::`9llu|b@?n_YK?`֑.N:?Ɠ@?%hwSt??@8?CðXV~6۫e?/9?y?<@ʚ?7)'? T? #aVXw?G&;?r TC^?P? 'cI1?Y=Ŀ߄|?þ?`v#RI@&Y?@>Xs? sQ%x8Zsj쳿ݖo?mפ%-ÿ~$qq6N?pu.͢?j ?P,N? 'w?mI?ͦW?kp?\b?T [g/@Ѵ?Ca?]OqSղ?F 8aQ)ғ?@`x ?dJ ̑?D5? `Y?`,D?,:p?<?P%=aV?i?7?p栢ϫ]?_s?5d_A>,I?}KP1,zp_Nֵ??gS?r,ct?`:mԨ%3W? x?Ψ??7OZ_Jr? Н^p$䭿Ru?ʘ)?`pkD|v?>=,$,Ŀ럸ߔ?TIr?FA?yA>?`JM?`aꯩS_R_FEI  iFiȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌe6@,<"Ariale\answer_biofuel.wf1R1/1/1900"Arialwf1" has changed!ation TeZbtiZbt"ArialAZbtiZbt"Arialvadora1\documentsZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialvadora1\documents"Ariale\answer_biofuel.wf1ij,N'm2x 7p[History] Modified: 1992M01 2016M07 => s_r_fei = (s_n_fei / s_n_fei(-1))-1KKwq''BA8*PpKc[? I6Y?k:yF?v^TZ?} Jsng%P?4@Mftcf#?na8K7?2zH瀋@FDD#o?@@S ǒP?Y+?2X?{a+y?(?*Yl@QG@ G܆@~Uz:ωx4?d%?\s ߛ? o䲡? ࿕?@GN\;ヿI[qn?aF?/Nҫ?_/?(Ok?ql:hw?C'zs?6x?2b)#?84@~?t-?@0Ɖf`3Dࡿ02& +Xh; ¹2y?fe&?5py ? e-?HHx; ^-#a<ñO?vʉr?>z-v?򹒜? "w+wXƍ\!@53?Dp뺎ᄿ F ԥ%kUL.vH?)B[G? G2Şuh8qh(0/B;^G -TҒ@VFgb;©?fҥ?w^B咿kT^|` :7ϡ?`? ^b3:R\oА?wyE0at~z]u?—B?!3)?,?ꃎa?p\?ir|ޑA3y h?}ٔ??%-mpf𜉵rK?7PP?*?Hcf?pQ#Gb?@iu?$2+;?M 浆?BcrL?>cM?߰H lPkw?G?O | j 0r@ەI?|S.c@p@?. ?^`J?ZN?pp>U?x3?yp?w\)?E-0Sj IKYiPC/?#?n;j? `Õ7?`g0/7YBæM ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"ArialGARCH_Y_LFTC"Arialwf1" has changed!ation Te*{{,N~2x 7U[History] Modified: 1992M01 2016M07 // s_y_fi = (s_n_fi / s_n_fi(-1))-1HH''BA8Ŀԍ{^~?ـI@,1#?J|?`Bk]`ך󞒿ۂu?!hC~rxG?"v?:Ŋ?8g`'۔:[G_Tt~R?@漜?E#?^yv?k t+s?@?-ƃ?|8KdX嗿Q?]KYVW?#Y?JKc?@3e,ǣv`U?hrdi?D%'|?E]{?Gz^??xU}e?P@ 4hP#Lh9ʬ:˓ [?jF6~?|ebYZ?YrI3v?@HRCᐿZItz!n? {00Ew@;kSvIh? ۀzJr? +8m#? 0d "Mrn`?˗͔? Ux?# ?[?l񴀿@28?@B5?Oij?:U?)vĔ?Cc?`1? ?\?ˬ?ѹУ?3+?`L(?p3Ξ?-/?Nw?@Ң-?j7?k ?@<h?띬?ۮ͓ÿP^r?Pt?@,z:ne? Btì晔Q@Ph*¬?Dzs?Q Bp;oQ|sZđL3!gwhNL_ha*nડ? ??0d=?0];??`?K{2x 7[History] Modified: 1992M01 2016M07 => s_y_foi = (s_n_foi / s_n_foi(-1))-1KK)nnxx''BA8&5 C-? ??`Q(Xt9 (rt?l@6 kϼ?O[hޡV5.?__u-֦ w?gIY3쉿 hh@ v9???uPuPP7zQ6$p|[ Kߚ?3V -?RJ)?RN?H,TIJEzx?RJ)5VD`&y?跿Sq?fmfm?0C- {a? """""?C^F ۠??Ϭ?PB pv ?/+s? s e7ʿК3[?`1?D+l$?W=]?PVԧ?Rګ?tl+(+7ɿ&? mcG?$C1tk&F6?h *3P R%?nՏ4ɠOu3w$>vH琚`@tTdhκ?xޑ3?^`mwa[Tǿx \y?-4?4ܽDy 5?@? (jJ?@HG??88?=ѳϴ5n?033333?Ȅǰ[_?Е]ڥ0VxV3V?C_?l :;?pDXi?eC?`~̼Ŀѭ;H@G).?贁N{\{1?hQvƟ`9zQ?q݄M󟷿h= ףp'ZGd?uy)zz?@6?\j?[|=$I$I?:W~ a/?"d?y;Cb3=l}?8x?%i??)?2gUXֿ@\?{ͅ)?09?Bz?`|i@ C>?E?0? ą@?zj?lǛ0P3?`N?H t?0?Pdykֻ?,Uh'?xZ s?O?y¿`Rѿ&оj}?0?Fb?x+R? Ao7𐿠ʨ?@.e̿p?xם@!/?F[լ?@ zE?@@JI?@C*؆ N{?@ I?s̓? B!?UP?s? n%id?KGES(^&U?0)TC0e/?ꆜNԡ?Pikݼ?0Ḏ?4E?`3 ?@1D?ʰ73{!0u(?{ w@g7g ׷?-q܂0&Ϛ?`9p?7NÊ'M¿s6v?@3S ?P?@36v[a' )e?:bP?Pjȡ`6S:?@AA?099999?,?]fӥ,L?x?ҕx5?..b?~ޥU9e>1B!@_Y1?.S.Sę]X)PW 0*!뢲,a=ÿfw+*1k?T >Lǿw?FR< D\b"$ƿ ?2g~sY17\MZmgȿ0ZP?|? ?He{?PrY? .s4M4MÿS_Y_FUEL_OIL  FȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌe6@,<"Arialx Parameters {PR1/1/1900"ArialAZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"ArialAZbtiZbt"Arial06!Static"Arialwf1" has changed!  ܖ=,NO2x 7 [History] Modified: 1992M01 2016M07 => s_y_fuel_oil = (s_n_fuel_oil / s_n_fuel_oil(-1))-1ZZnnxx''BA8MR=ʄ@k$Ҙ?8XO@%>?@\ ? ݤo7? RW6h0eJHk+\?n}xzhg?pfA?o%=y?Y~??d$P6 2?lY-\`# Xׄ@k )?4s+?!ֵo?pK_F!kG?0(}칇? s@E?@CpPP\;#ɉyX0?^׿?.oX?na:ju?rUz?A+~?~&E?@rWڟMR췍?Jr@J~?Wl j?ʤe.L8P?4 _Ո?o3\@Ѩ?|>ғ?K Aj@_ M;ۉ:)?q4|?kKGz?IWHF?[f?V:е?xdޛF?wu?8D`)샰?5Kw&]?1]Y~?\x?7ɺ?R1K?lq?D|ޤM}R?pR$?`ld6'?%%q,9@KƆM({?Q? fLpT+POr FB{N%78`2KG^Z?}Ks?5Z&? )PZqQ&?#}1?@#?,l`2p?@.ċunt8ƷR?Ӭ?lƷrvaٜʒ?I7??p#Ѡ?lE룿@J'Mڜk?pRY?SҌ?gT?Dm@sb?RoSi?p?5FJu˿b?`EU@/ÀVN#)?]l+a|?}{٫A‚zg?5uL2gs9Q?N8 URF?C~0nCa?8`2U?4X?QW,}?P˩ J?$D S?d >k~|j5l.?BھkǙs?@MS?g`zܩ??=UH"+2?@y`h)A?it?:`Q]r?NV_?`mӑ?DxxLW?`r(WG k?3?LsZA:ˉ?Xj킈?>gIw?v_:z t ? DCS`M? /fܜe@@N͕?TOvR;+0r0 ?ǩx?Kj+}c" ~sކ?@Vn(rhĄ?ki~?v?\kG}lmr{?̒b%X}~6a>5?XT玿>v??௻]?禋B ,?Q?6EpnQSV?@7޶}d8ʑ? /"Gfa?_KÌvj'~%Ay?jjp?6dtjh~?Q(wPtve?6Sd`[$A^z?/-?qyr?Rېr*?Ie?qKHBe|?Y*y^Ҙ#h?~NdS_Y_LFTCW  kFyȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌe6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arial06!ButtonestZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial&Replace... Ctrl+H\"Arialed: 1992M01 2016M07 =>  a,Nѫ2x 7[History] Modified: 1992M01 2016M07 => s_y_lftcw = (s_n_lftcw / s_n_lftcw(-1))-1QQ!''BA8`OMh| Zÿdп|:?V/7?1? &j ?@ l ?|Ӭ?$.0տx7U?DoƿհM?@σ?@ ?¹kꝓ?L d]f?+:?X*Mީ?%h\¿~705пh?EI?0$[~}`}B?vQ=?.D>_y??m4? I@?@\9d>?.T?d!ϿDbPny~?@t*5Z? Z赈ZƿX@qtى G ԣ?SS|?`kVavֵMb$!7ܿe\L0??jQ#i?˺׿ ]?>rn?X`;ֺ?'?ISܴP 6Z?&R|׬?P[u?@yȢ2 a?iı^?< ǔ?ȞE?\@ǿS_Y_MWT  FȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌe6@,<"Arialle: S_GARCH_Y_BFTCtionsR1/1/1900"ArialAZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialle: S_GARCH_Y_BFTCtions"Arialle: S_GARCH_Y_BFTCtionsڹ6,NH2x 7[History] Modified: 1992M01 2016M07 => s_y_mwt = (s_n_mwt / s_n_mwt(-1))-1KKnnn''BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8>v?pFXt?}Qr?~zKn?V *i?D"3^?5o.d?J]b?TD)b?u`?ȏL]?l |T?ht[?u]?sr%d? h\?cW?/;?,j >Y?wt^?iIa?Tݹyd?3BPg?pnWk? j?޲l?P? [b?Ge?M f?P^p?`kt?!. ~?x}vv?[u? {q?{s?1s?c+u?Z=r?Bq?4дp?Cp?p|n?Aopi?i5n?`bn?Wl p?V#'o?:n?hm?*n?dgo?70q?kjЈp?"Ap?X\S4p?Ücq?&q?wr?<ܕr?+8s?=u?=q?(J q?U`p?_ߎo?2ضm?:8'd?oD3p?2 Bq?oEO]w?ns?u3{jr?k[q?.;8q?_Eq?aMs?kBK q?٬WYp?xAl?kFE p?k$o?1ps?޶k?g?_?|a?ge`?Q,b?8{ؒT?]:LG?hY7^?[Jurl@tTHms+*j}юU``j**?G\Sկt?Uh?V׾k?#! p? %p?hq?S[t?Hq?[?q?4#em?Ip?(uq?Ѷv?"R|jq?ػMo?ze?*'xm?&!,n?+r? x6Xk?ĸg?fe`?G}}b?a?fX?RLbgd?Yg?dp?Bh?l-e?PZ?;DOd?X;3 e?њnn?[Xc?Lr`?($Q?Z?8]![?`Fh[?$z[?R-Z?̽VQU?U]?fbS;`?Ybc?ђb?al4b?Rc?^d?&-^e?r>yg?E}@0f?!.xe?bGg?Ԋb? ߂u`?\?R?\]^?9@`?T0d?oG%c?:xUc?+c?c??c?^/Af?ܥLa?p%e_?@pU?1[?l[?l R1/1/1900"Arialx Parameters {PZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arial06!ButtonZbtiZbt"Arialed: 1992M01 2016M07 => "Arialed: 1992M01 2016M07 =>  K,N2x 7y[History] Modified: 1992M01 2016M07 => s_y_rgdpw = (s_n_rgdpw / s_n_rgdpw(-1))-1QQ nn''BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????2x 7[History] eq_ms_garch_gpo3_garch.maketransprobs tprob eq_ms_garch_gpo3_garch.maketransprobs tprobbbVnn''BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?2x 7 [History] eq_ms_garch_gpo3_garch.maketransprobs tprob eq_ms_garch_gpo3_garch.maketransprobs tprobbb''BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?BjQޒ?2x 7|[History] eq_ms_garch_gpo3_garch.maketransprobs tprob eq_ms_garch_gpo3_garch.maketransprobs tprobbbnn''BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?p i?2x 7[History] eq_ms_garch_gpo3_garch.maketransprobs tprob eq_ms_garch_gpo3_garch.maketransprobs tprobbbjnnS_Y_BFTC S_Y_RGDPW1998M07 2016M07C(1) C(2) C(3) C(4) C(5) C(6) C(7) S_Y_RGDPW S_Y_BFTCS_Y_BFTC = C(1)*S_Y_RGDPWS_Y_BFTC = C(1)*S_Y_RGDPW1998M09 2016M07N1t s=?N1t s[R?µE?WM*D]@_QDKSlrdivm@BA8g@BA8BA8BA8|»?@j@BA8?BA8!Q@B2rT?$(V}w|CJ%tKx48YX ?7> 'ҙצeN㥥>fdHZP>d9 ؓB~ۦ}ڻ?ۦ璂I%7}=ctL?DB?du?a?P<޳!\ʷ>Id>g ^F?^BQ?,ڄj? ʚ'W+@02ASY=1TDISTC garch(-1) garch(-2) S_Y_FUEL_OIL S_Y_LFTCW Dist-Param S_Y_FUEL_OIL S_Y_LFTCWS_Y_BFTC S_Y_RGDPW S_Y_FUEL_OIL S_Y_FOI S_Y_FEI C$$  / :C]J8J'99(#FF"Arialed: 1992M01 2016M07 => ZbtiZbt"Arial06!ButtonZbtiZbt"Arialed: 1992M01 2016M07 => "Arialed: 1992M01 2016M07 =>  K, C4`",4K,g4@JPJS_Y_BFTC C AR(1) AR(4)1992M01 2016M07C(1) C(2) C(3) C(4) C(5) C(6) C AR(1) AR(4) S_Y_BFTCS_Y_BFTC = C(1) + [AR(1)=C(2),AR(4)=C(3),ESTSMPL="1992M02 2016M07"]S_Y_BFTC = C(1) + [AR(1)=C(2),AR(4)=C(3),ESTSMPL="1992M02 2016M07"]1992M02 2016M07 @v-@?ӷ?qW?q?1?~K?5DP$r,@뮑veSq@BA8^E?BA8BA8BA8"lzB?@`r@BA8?BA8[Ilj>aצ>p׿q~@?+FA3>Qj?)@Ϊ >) P 7?ֈKi8d?:tI?T?QGJdWuN?._y?R!߂7%xt?xQt?!Rs˟_w?Z?zZ?}CM `Mk ݿ ? U j?s jܿSample (adjusted): 1992M02 2016M07Included observations: 294 after adjustmentsConvergence achieved after 24 iterationsCoefficient covariance computed using outer product of gradientsPresample variance: backcast (parameter = 0.7)GARCH = C(4)*RESID(-1)^2 + C(5)*RESID(-2)^2 + (1 - C(4) - C(5))*GARCH(-1) @v-@?ӷ?qW?q?1?~K?5DP$r,@뮑veSq@ p ^E?"lzB?@`r@||`r@?IGARCH  J   zX## -- )) AA7 //x KK e  K|N?lsg?Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A\4 #"J>r x?[ڿe0%ȿR5?֦Jhѿ[?21ASY=1INTEGRATEDGEDOPTMETHOD=OPGresid(-1)^2 resid(-2)^2 igarch(-1) Dist-Param  DD DDV l0 (79; ALP//^(#ZbtiZbt"Arial06!ButtonZbtiZbt"Arialed: 1992M01 2016M07 => "Arialed: 1992M01 2016M07 =>  K, C4`",4K,g4@JPJS_Y_FEI AR(1)1999M01 2016M07C(1) C(2) C(3) C(4) C(5) AR(1) S_Y_FEIS_Y_FEI = 0 + [AR(1)=C(1),ESTSMPL="1999M01 2016M07"]S_Y_FEI = 0 + [AR(1)=C(1),ESTSMPL="1999M01 2016M07"]1999M01 2016M07hr%?BJ꧂?hr%?5Ҳ?}v?lHDx!X?A==*!keBƑ@u?Ba7n`@t5=)v?jfJ'ʰCv5&?Sample: 1999M01 2016M07Included observations: 211Failure to improve likelihood (non-zero gradients) after 278 iterationsCoefficient covariance computed using outer product of gradientsPresample variance: backcast (parameter = 0.7)GARCH = C(2) + C(3)*RESID(-1)^2 + C(4)*GARCH(-1)hr%?BJ꧂?hr%?5Ҳ?}v?lHDx! "Arialed: 1992M01 2016M07 =>  K, C4`",4K,g4@JPJS_Y_FI AR(2) MA(1)1992M01 2016M07C(1) C(2) C(3) C(4) AR(2) MA(1) S_Y_FIS_Y_FI = 0 + [AR(2)=C(1),MA(1)=C(2),UNCOND,ESTSMPL="1992M02 2016M07"]S_Y_FI = 0 + [AR(2)=C(1),MA(1)=C(2),UNCOND,ESTSMPL="1992M02 2016M07"]1992M02 2016M078'.?@b?KX?꟟?;b?@#-6?KBY$΃@BA850?BA8BA8BA8wzJ?@`r@BA8?BA8 g?mV+A?}/?=.?+eg?Vv5>x rΞ+k꠵4?ʰbu?45@ "MI7G?"MI7Gֿ[տSample (adjusted): 1992M02 2016M07Included observations: 294 after adjustmentsConvergence achieved after 29 iterationsCoefficient covariance computed using outer product of gradientsPresample variance: backcast (parameter = 0.7)GARCH = C(3)*RESID(-1)^2 + (1 - C(3))*GARCH(-1)8'.?@b?KX?꟟?;b?@#-6?KBY$΃@ ^o 50?wzJ?@`r@||`r@?IGARCH  fP! v`"zX##x"--"))"AA"//2#11a#e#d$Li?CoC2?Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A\4 #"J?[?@l?[0!%@INTEGRATEDTDISTOPTMETHOD=OPGresid(-1)^2 igarch(-1) Dist-Param  ' 7  L Y FF` FF \ k$' &&&##&(#ZbtiZbt"Arial06!ButtonZbtiZbt"Arialed: 1992M01 2016M07 => "Arialed: 1992M01 2016M07 =>  K, C4`",4K,g4@JPJS_Y_FOI AR(1) AR(2)1992M01 2016M07C(1) C(2) C(3) C(4) AR(1) AR(2) S_Y_FOIS_Y_FOI = 0 + [AR(1)=C(1),AR(2)=C(2),ESTSMPL="1992M02 2016M07"]S_Y_FOI = 0 + [AR(1)=C(1),AR(2)=C(2),ESTSMPL="1992M02 2016M07"]1992M02 2016M078rAP0?zgj?s)?0F??\> ?wo? {w!W@BA8y^~?BA8BA8BA8EӾ6]?@`r@BA8?BA8 <f?>QOSK%? ybhq? 7Cg?Id? Tqȫjncd[3?mI^?~փx@ _2?_2?ѓo ?ѓo ԿSample (adjusted): 1992M02 2016M07Included observations: 294 after adjustmentsConvergence achieved after 36 iterationsCoefficient covariance computed using outer product of gradientsPresample variance: backcast (parameter = 0.7)GARCH = C(3)*RESID(-1)^2 + (1 - C(3))*GARCH(-1)8rAP0?zgj?s)?0F??\> ?wo? {w!W@ عA y^~?EӾ6]?@`r@||`r@?IGARCHF,V,fP, v`\-2zX##----))".AAK.//.11.e./9Ѣ@?|-?@?Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A\4 #"J_2?9SWd?:c@INTEGRATEDTDISTOPTMETHOD=OPGresid(-1)^2 igarch(-1) Dist-Param w+++ ++@@+@@,\ /' !2,222##@2(#ZbtiZbt"Arial06!ButtonZbtiZbt"Arialed: 1992M01 2016M07 => "Arialed: 1992M01 2016M07 =>  K, C4`",4K,g4@JPJS_Y_LFTCW C AR(1) AR(2) AR(4) AR(5) MA(1) MA(2) MA(3)1992M01 2016M07C(1) C(2) C(3) C(4) C(5) C(6) C(7) C(8) C(9) C(10) C AR(1) AR(2) AR(4) AR(5) MA(1) MA(2) MA(3) S_Y_LFTCWS_Y_LFTCW = C(1) + [AR(1)=C(2),AR(2)=C(3),AR(4)=C(4),AR(5)=C(5),MA(1)=C(6),MA(2)=C(7),MA(3)=C(8),UNCOND,ESTSMPL="1992M02 2016M07"]S_Y_LFTCW = C(1) + [AR(1)=C(2),AR(2)=C(3),AR(4)=C(4),AR(5)=C(5),MA(1)=C(6),MA(2)=C(7),MA(3)=C(8),UNCOND,ESTSMPL="1992M02 2016M07"]1992M02 2016M07>kd?~> XW?R>(?YjůR?]iݍ?TOc;av#?{\<I{ Zl@BA8%'?BA8BA8BA8ťq#+?$@`r@BA8?BA8 7Wga>T^FwH=Fv[AE== X>D!(ĉ>⋸Kr>OҎn:[>m_QN|>ԀLiq# {?beۍ~Sl݄p>O"iR%S .>4K3ÉyQ>GS]Fbd>oH>{0 :>ҥKh;U%վ *>zվϟ>hѥ._>/ou>mBW|>mp ue5Cs>{FJjkl$4[?i(ABB:vJ)cew>IBYI?qۻQ?_=?02~KqHwC [VR?sS9OhM?Е@a> l&~ľ `8?n~cN?n~cN?"+ֿ"+ֿ#as͕ܿѓ?GwgGwg?6޲?ܟ޲? j-$\|ҿiko?Sample (adjusted): 1992M02 2016M07Included observations: 294 after adjustmentsFailure to improve likelihood (non-zero gradients) after 40 iterationsCoefficient covariance computed using outer product of gradientsPresample variance: backcast (parameter = 0.7)GARCH = C(9)*RESID(-1)^2 + (1 - C(9))*GARCH(-1)>kd?~> XW?R>(?YjůR?]iݍ?TOc;av#?{\<I{ Zl@  %'?ťq#+?$@`r@||`r@?IGARCH88Q9 ;zX##;--<GGE<AA<//<11<e-==H?T'hV?Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A\4 #"J7U?q_apY%?ƿ*?ۿ( @@@##@(#ZbtiZbt"Arial06!ButtonZbtiZbt"Arialed: 1992M01 2016M07 => "Arialed: 1992M01 2016M07 =>  K, C4`",4K,g4@JPJS_GARCH_Y_BFTC S_GARCH_Y_FI S_GARCH_Y_FOI S_GARCH_Y_LFTCW1999M01 2016M07C(1) C(2) C(3) C(4) C(5) C(6) C(7) C(8) S_GARCH_Y_FI LOG(SIGMA) S_GARCH_Y_FI LOG(SIGMA) S_GARCH_Y_FOI S_GARCH_Y_LFTCW P11-C P21-C S_GARCH_Y_BFTC1: S_GARCH_Y_BFTC = C(1)*S_GARCH_Y_FI + C(5)*S_GARCH_Y_FOI + C(6)*S_GARCH_Y_LFTCW 1: SIGMA = @EXP(C(2)) 2: S_GARCH_Y_BFTC = C(3)*S_GARCH_Y_FI + C(5)*S_GARCH_Y_FOI + C(6)*S_GARCH_Y_LFTCW 2: SIGMA = @EXP(C(4))1: S_GARCH_Y_BFTC = C(1)*S_GARCH_Y_FI + C(5)*S_GARCH_Y_FOI + C(6)*S_GARCH_Y_LFTCW 1: SIGMA = @EXP(C(2)) 2: S_GARCH_Y_BFTC = C(3)*S_GARCH_Y_FI + C(5)*S_GARCH_Y_FOI + C(6)*S_GARCH_Y_LFTCW 2: SIGMA = @EXP(C(4))1999M01 2016M07BA8Ф?BA8Q`?1?XH ?" wW p8p@BA8a`#?BA8BA8BA8BA8 @`j@BA8BA8$":?Bhw?|(V?9]?xѿc`?pԻ*?GGyRwz?A6X?=DꁼiP?44n MD/q?rfv?فe̠3H.@-T?Teѿ8wV?'??3sQZ`?zL]S龙?3Y?%3N6x?п0sUox Ԩc?!5% ^@aZ?["^B?3*S?iHhP??Sample: 1999M01 2016M07Included observations: 211Number of states: 2Initial probabilities obtained from ergodic solutionStandard errors & covariance computed using observed HessianRandom search: 25 starting values with 10 iterations using 1 standard deviation (rng=kn, seed=768605571)Convergence achieved after 15 iterationsФ?Q`?1?? a`#? @`j@||`j@p8p@XH " wW ;~ @@SW S_GARCH_Y_FI LOG(SIGMA) @SW S_GARCH_Y_FI LOG(SIGMA) @NV S_GARCH_Y_FOI S_GARCH_Y_LFTCW @TR P11-C P21-C @ mwy?% N?ppK?$.LGG6 H0{XIII55J==7JiitJ))JeK{4RLȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ>} /֌`1@7MrdE3ΣB ?$W?@Q % @C\TYPE=MARKOVHETERRSEED=768605571RNG=KNS_GARCH_Y_BFTC S_GARCH_Y_FI @NV S_GARCH_Y_FOI S_GARCH_Y_LFTCW @PRV C;;@E{E))E``EF#FFR@L NNNN(#FFOZbtiZbt"Arial06!ButtonZbtiZbt"Arialed: 1992M01 2016M07 => "Arialed: 1992M01 2016M07 =>  K, C4`",4K,g4@JPJS_N_BFTC S_N_FEI S_N_FI S_N_FOI S_N_FUEL_OIL S_N_LFTCW S_N_MWT S_N_RGDPW S_N_BFTC S_N_FEI S_N_FI S_N_FOI S_N_FUEL_OIL S_N_LFTCW S_N_MWT S_N_RGDPW JJSJJSx 2x 22x 2x 2x 32x 2x 42x 2x |Tuh$TZͿd BUPU))E``EF#FFR@L NNNN(#FFOZbtiZbt"Arial06!ButtonZbtiZbt"Arialed: 1992M01 2016M07 => "Arialed: 1992M01 2016M07 => l6@,<"Arialed: 1992M01 2016M07 => r1/1/1900"Arialei / s_n_fei(-1))-1 ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialed: 1992M01 2016M07 => fZbtiZbt"Arialei / s_n_fei(-1))-1 ZbtiZbt"Arialwf1" has changed!ation Te"Arialed: 1992M01 2016M07 => fZZMx E` CȀlC AUPjUȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AN|XS_Y_BFTC S_Y_FEI S_Y_FI S_Y_FOI S_Y_FUEL_OIL S_Y_LFTCW S_Y_MWT S_Y_RGDPW S_Y_BFTC S_Y_FEI S_Y_FI S_Y_FOI S_Y_FUEL_OIL S_Y_LFTCW S_Y_MWT S_Y_RGDPW JJ]JJ]x 2x 2x 2x 2x 2x 2x 2x 2x |Tuh$TZͿd __))E``EF#FFR@L NNNN(#FFOZbtiZbt"Arial06!ButtonZbtiZbt"Arialed: 1992M01 2016M07 => "Arialed: 1992M01 2016M07 => l6@,<"Arialle: S_GARCH_Y_BFTCtionsR1/1/1900"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialbftc/s_n_bftc(-1))-1 ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialle: S_GARCH_Y_BFTCtions"Arialei / s_n_fei(-1))-1 ZZMx E` CȀlC AUP8_Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6ANJbS_GARCH_Y_BFTC S_GARCH_Y_FEI S_GARCH_Y_FI S_GARCH_Y_FOI S_GARCH_Y_LFTCW S_GARCH_Y_BFTC S_GARCH_Y_FEI S_GARCH_Y_FI S_GARCH_Y_FOI S_GARCH_Y_LFTCW IIQgIIgx 2x 2x 2x 2x 2x ;~   hFh٫:J3R?3`?/]G,HS?%= )hic0.5h)l8tb`ϭH0.ea,ߑ'}Ĥ* y/m X,co)^ (#ZL)P]1u:8DsB4v,n3'/^ג;&l(GSU(g&2Iʚ%&OUgh5'J^|E (= 59h"O\/:΂(*r8H7)\)Xp/*Ӫ '`Vë$>*&O~cKN(g1T, I6)21'f9G>'m)>"'Ƴ='n1t& $%%;6o!J6@,<"Arial1 2016M07 => tt &Filter..R1/1/1900"Arial1 2016M07 => tt &Filter..ZbtiZbt"Arialei / s_n_fei(-1))-1 ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialei / s_n_fei(-1))-1 ZbtiZbt"Arialei / s_n_fei(-1))-1 "Arialei / s_n_fei(-1))-1 ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o inh2o'(?g?}} 0YJA|`XG<68UJdC.KJڛ{R 0q8 ?q@ S-Ƿpz?ShѠP߂vo+9P~DJU1P+l^#;쎻A?h&|J0m=qe/3ό8N5N*V]x? V]{icFoĖB;?p%_IԾ^i/Cg8Ac';;5{H?=I  tF u٫:J3R?3`?/]G,HS?%= )hic0.5h)l8tb`ϭH0.ea,ߑ'}Ĥ* y/m X,co)^ (#ZL)P]1u:8DsB4v,n3'/^ג;&l(GSU(g&2Iʚ%&OUgh5'J^|E (= 59h"O\/:΂(*r8H7)\)Xp/*Ӫ '`Vë$>*&O~cKN(g1T, I6)21'f9G>'m)>"'Ƴ='n1t& $%%;6o!JNl6@,<"Arial1 2016M07 => R1/1/1900"Arialbftc/s_n_bftc(-1))-1 ZbtiZbt"Arialei / s_n_fei(-1))-1 ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialwf1" has changed! "Arialei / s_n_fei(-1))-1 ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o inSu+ힳ/p2" 1*Ĺt (澯&Ƈ(j,W(j3.>Bdh+|x'J)%x@D (uED-̱*/#l)xH9S#@˦f~)f`x+.3xO0}0[0P dK4 =:AZ[' a$ &d6(,hh\Rfj TÇD2қe1|1ˈ~&.H  dFrȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌNex6@,<"Arialle: S_GARCH_Y_BFTCtionsR1/1/1900"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arialbftc/s_n_bftc(-1))-1 ZbtiZbt"Arialei / s_n_fei(-1))-1 ZbtiZbt"Arialei / s_n_fei(-1))-1 "Arialed: 1992M01 2016M07 => ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o in  ɍF׍Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌNʄ6@,<"Arialei / s_n_fei(-1))-1 R1/1/1900"Arialei / s_n_fei(-1))-1 ZbtiZbt"Arialei / s_n_fei(-1))-1 ZbtiZbt"Arial06!ButtonestZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialbftc/s_n_bftc(-1))-1 "Arialei / s_n_fei(-1))-1 ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A  .F<Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌN/6@,<"Arial1 2016M07 => R1/1/1900"Arialbftc/s_n_bftc(-1))-1 ZbtiZbt"Arial06!Button05571)ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arial1 2016M07 => "Arialei / s_n_fei(-1))-1 ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A 6@,<"Arial1 2016M07 => R1/1/1900"Arialbftc/s_n_bftc(-1))-1 ZbtiZbt"Arial06!Button05571)ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arial1 2016M07 => "Arialei / s_n_fei(-1))-1 N6@,<"Arial06!ButtonestR1/1/1900"Arialbftc/s_n_bftc(-1))-1 ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialei / s_n_fei(-1))-1 ZbtiZbt"Arialbftc/s_n_bftc(-1))-1 "Arialle: S_GARCH_Y_BFTCtionsZZMx E` CȀl,g4@JPJNhǩRESID01 RESID02 RESID03 RESID04 RESID05 RESID06 RESID07 RESID08 RESID01 RESID02 RESID03 RESID04 RESID05 RESID06 RESID07 RESID08 AAAAAx 2x 2x 2x 2x 2x 2x 2x 2x |Tuh$TZͿdS_N_BFTCS_N_FEIS_N_FIS_N_FOIS_N_FUEL_OILS_N_LFTCWS_N_MWTS_N_RGDPW l m,ixxxle&צ r s eZZ  x s`AȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6@,<eW"Arial1 2016M07 => icng...r1/1/1900"Arial_rgdpw / s_n_rgdpw(-1))-1 ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialei / s_n_fei(-1))-1 ZbtiZbt"Arial1 2016M07 => icng..."Arialbftc/s_n_bftc(-1))-1  ZZůMx ͯE` ԯCȀ ܯl C AU P-lo  D F' :1&A'&^ lo~?TB\O?g0臈x?Qkh?OU#?ty z?88U?z#?@p?Pk:p?.KÀ?\U)?8U~?F(L?l#?wG|?caӅ?'ԃ?EA? ഀ2?>AJz?A?y ?(?o!P?2vC̅?X(K z?" ?\!c?D_?4?rŸ́?,~N7?p?8*W|?Gx?"sbq?H87D)q?nŨku?R KTs?U̅Ϊ|?H7?Xx'?G?zIJ?>?Β`T?V?~3W|?󲕳Q?|=]}?3 z?6oԢ?} ?VdU?VVگ)??P?R?U ?ܥ5Os?~ٲ?Y;pЁ?i4?ژ?؇rj?E!'?1?-!I?_k.?&^$p?p?nPʁ?ru5-?S9Z? ? 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o_? o_?ё\C?ё\C?J +?J +?-?-?-!lV?-!lV?JY8?JY8?D?D?.!u?.!u?rh|?rh|?:#J{/?:#J{/?k ?k ?6?6?/n?/n?^K=?^K=?L F%u?L F%u? c? c?n?n?N@?N@?Zd;?Zd;?Bfj?Bfj?S?S?HP?HP?ڬ\m?ڬ\m?$(~k?$(~k?}?5^I?}?5^I?\C?\C?ffffff?ffffff?l g?l g?|a2U0*?|a2U0*?V-?V-? cZB>? cZB>?n4@?n4@?|Pk?|Pk?????[ 8 P*qGkGkPP++11Q4Q4<<@@VV`z`z;;XXT=T=iiss``cc{`{`WWggWiWirrXX//XXQQ== F F?[?[VVWWYYlflfc]c]J|J|AA>b>bzczcttTTBBf@f@EESLSLIIz=z=9595({({x4x488l@l@KKFF%@%@bb c cLHLH P PIILL__NNcc[[iill\\ccUU"l"lnnʋʋ:z:zAsAsqq(`(`vJvJ'X'X||4400V7V7OO _ _KKKK\\XXUUQQZZ44DD%%%%>>rr p p{k{k`g`gbb p pjjll..;M;MYYTTHHmmlflfXbXbaaff0e0ejjiie4e4?}?}ggyyjijihhRR66..t~t~ɒɒ__uuʢʢuu,,ձʧFF'^`Q@ŋKvyQ@.*Q@cҽQ@H6дQ@~!Q@ItCQ@> J$Q@Š]aQ@ࢋQ@R,Q@YQ@uYR@:k$ R@]z$sR@sR@d&R@q -R@Pq#/R@X6R@;?R@ͱIR@3TR@O%bR@ !/rR@MR@,R@X[ R@R@ sbR@ސR@0R@ R@#ǭ4R@K[S@mS@㑲S@@s S@tԋ-S@C:S@}HOS@gS@gьS@VXS@eS@AаS@S@7l T@Ni$T@DZtY@lGZY@EsY@b 9Y@ Y@޳Y@hUY@tGY@ɖY@8h Z@Z@N ['Z@Z.s1Z@]{'BZ@RςPUZ@ipZ@&ZOZ@pZ@9}=_Z@AFZ@)Z@G)nZ@-YfZ@hZ@1[@gO Y[@$[@kwY]&[@ 'X@2[@#=[@ يGF[@͘8S[@Ta[@s1r[@؀c*[@t[@1â[@ ].[@(E+[@d~[@Gu:[@ᚖ\@cy\@&\@dWw5\@β=\@وqH4K\@sZ\@1Vrl\@ s}\@d\̪\@~^7\@'o6 \@Y\@)v \@D\@AX6\@&j]@` ]@C]@:c&]@YoC 4]@ʱA]@<۪P]@ _]@"Y:Um]@q|]@c]@辜.]@V-]@Ȫ]@ٴ]@},M]@d bV]@J@]@4Ǩ]@$^@^@c$^@6oA4^@:@ E^@3U^@e^@;_v^@.熦^@Fʮ^@0^@3vxտ^@sr^@G@^@6q^@/VS _@| _@''^`Q@| _@HX@ur&g0@?> 8 ! 7J ~   0 ,:gw vlS !c#%') +,j.J01j34B678:b;<;>?@KBCEEFVHIzKMNPSR\TVWGYZ8\1]^`bdyf*hikm=opXrsuwyHz{||}`~~y~A}ywurqqs-uvMx z{~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C?#UČ$;2ʵˑ{j]]ZQ`FզՀu״گ۷!Bo?fD'U640N0Ny0NJ0N0N0N0N0N_A8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8'#PJ0 S_N_BFTC S_N_FEI S_N_FI S_N_FOI S_N_FUEL_OIL S_N_LFTCW S_N_MWT S_N_RGDPW @ 1992M01 2016M07 @ 8 8 8 8 8 8 8 8 AA`T"Arial1 2016M07 => 16M07 => N?HPTppF"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt 2016M07 => 16M07 => N?HPTppF"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialle:''^4S$"J7J ~   0 ,:gw vlS !c#%') +,j.J016@,<eW"Arial1 2016M07 => icng...r1/1/1900"Arial_lftcw / s_n_lftcw(-1))-1 ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialwf1" has changed! ZbtiZbt"Arial_rgdpw / s_n_rgdpw(-1))-1 ZbtiZbt"Arial1 2016M07 => 16M07 => "Arial1 2016M07 => icng...ZZMx E` CȀlC AUPlo  D FNS_N_BFTCO+YP"Arial1 2016M07 => 16M07 => e? " S_N_BFTC  #F#Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arialle: S_GARCH_Y_BFTCtionsR1/1/1900"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialwf1" has changed! ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arialle: S_GARCH_Y_BFTCtions"Arial1 2016M07 => icng... |#ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o in#Ȍ6AȌ6AȌ6AȌ6AȌ6AVVL4 ##Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A' :1&A'&^ lo~?TB\O?g0臈x?Qkh?OU#?ty z?88U?z#?@p?Pk:p?.KÀ?\U)?8U~?F(L?l#?wG|?caӅ?'ԃ?EA? ഀ2?>AJz?A?y ?(?o!P?2vC̅?X(K z?" ?\!c?D_?4?rŸ́?,~N7?p?8*W|?Gx?"sbq?H87D)q?nŨku?R KTs?U̅Ϊ|?H7?Xx'?G?zIJ?>?Β`T?V?~3W|?󲕳Q?|=]}?3 z?6oԢ?} ?VdU?VVگ)??P?R?U ?ܥ5Os?~ٲ?Y;pЁ?i4?ژ?؇rj?E!'?1?-!I?_k.?&^$p?p?nPʁ?ru5-?S9Z? ? (?'2fWɇ?р{?"1? X ?{zy?dA݇?*z?XT?~W?ՋyԚ? oY?x-|f?x@?C?9I(?|1_Ѝ?Ǹ?e=&͉?w'f?=HY?1@)€?=%?fqCE?CWsZ?䨏?~^|?p?1ߓˊ?ͱTȩ^?'oW?=H3<? Fы?`?퉍?cA^H?qHO?aE?~?z?Md C?At?G?r?BD~?o`? }?=ؔ?7,?REh9 ?ax?@? t{?h?ǎ?ъ+ ?j8?V#j?2@Q?.w?M~g?V?C' Hʫ?M?67P's???Aƽƭ?@w=?h=?4[r°? n?ZO"A?$?0)h?*;=u? YxF?`/ :?ZW?@sk ?c[2?_/?G["?J0[*д? [?J(?:@? TL۴??`aֶ?<*?8I:?HU?{(?G/9?ȶ?u(?8sc3?%(q?m?G,1h? U/?S—?Ba? 5B??T[?}()s?y?95?S3?R?zxX?a3Z?@ޏ?ϊF?-#?V2?E?Y}?q@9t$?ZVǟ?}Ɖ?}2F?s?`?vj?Z, ? !ͩ?f>? ?O3?~4q?&-?nڝ?ը1?2'?x.?f$?.ۤ?<i?Sh:?Edoaj?E?2pg? o?K k?+ؾ?A<?JgB?B,ڝgL?^~Hd?7~?R;˽?R`?na? ¾?P?T9Կ?%[]N ??Ng?Hjdrj?dp:?bV9U?b3? DD?V+~?5A}R?wzh?| ?>jѿ?tow?'A!?(lx^?>! 8 0AnI4 u 8/gT y } N  #b ~ ` 4rT2[|64 Z\  x  n 2   l-  ' , :6   o  { IDKY)%.7NR3v$%%$$&&)%&&F)L(+,&*';,60&0 4.h3S483v.68SFOHM%LQEO;T$UJRKSXZz_F[g^&kfhityxԉ0y {gl~Qa^~4;K Ep|ƽ ̷Ƞpʵ?)ʪK h\n)Κ[^ܓ͹63:ɻkȠALąڱMan݁(>Taٱ7;'0U6/0N^9 pC"Arial1 2016M07 => 16M07 => e?"N&HP;|}`~~y~A}ywurqqs-uvMx z{~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C?S_N_FEI-YP"Arialed: 1992M01 2016M07 => > S_N_FEI  5?FC?Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arial_rgdpw / s_n_rgdpw(-1))-1 R1/1/1900"Arialbftc/s_n_bftc(-1))-1 ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arialed: 1992M01 2016M07 => fZbtiZbt"Arialwf1" has changed! "Arialed: 1992M01 2016M07 => -?ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o in?Ȍ6AȌ6AȌ6AȌ6AȌ6AVVL4 ##Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A' :1&A'HzA@)\A@GzNA@ףp= WB@QC@q= ף0D@GzC@QKC@)\C@C@QB@A@GzNA@q= ףA@ףp= 7B@Gz4B@RA@HzGA@y@@ ףp=@@= ףp?@(\o@@Gz>@(\;@Hz=@Q<@\(<@ffffff>@p= C@@HzA@A@\(@@,@@y@@)\A@(\O@@QA@HzA@)\A@(\B@RqB@QA@Q@@fffff@@fffff&A@Q@@(\/A@q= ף0B@(\"B@9B@q= ףpC@(\bD@ C@fffffB@(\uC@fffffC@ffffffE@)\F@E@(\F@GzF@ ףp=JD@{G:C@)\B@fffffFC@RB@(\OB@GzB@ףp= B@HzC@HzB@R1A@>@HzG=@\(;@33333;@̌<@)\(:@Q^:@)\9@Q;@ ףp=:@R8@Gz6@q= ףp7@Qx6@(\9@q= ףp>@(\B?@ ףp=?@ ףp=A@QC@D@HzD@yF@ G@{GG@RQI@RI@fffffF@GzI@(\K@GzJ@fffffK@R1N@HzM@QN@= ףpI@Hz'J@(\µJ@QH@p= ׃I@p= J@HzgJ@YH@ I@(\BH@D@QB@(\uB@ ףp=B@{GzC@HzF@ףp= G@{G:H@q= ף0G@(\OH@33333H@Q+J@QI@33333G@p= CJ@(\L@(\O@̬L@QH@fffffFI@zGJ@Q8K@(\"L@\(I@33333K@QK@{GL@,N@Q+N@fffff&P@QXP@q= ףR@)\XQ@YR@QS@QS@(\U@\( T@q= ףR@QkT@QT@QW@p= W@̜V@ףp= Y@= ףp=Z@= ףp\@Gz\@)\[@= ףpY@q= ףZ@Q\@Q[@)\h\@ףp= g_@Gz_@zG_@(\`@Q`@{G\@= ףp=[@(\r[@R\@ףp= Y@= ףpM[@(\…\@fffffF^@(\_^@(\_@= ףp`@Q@`@fffffa@)\b@(\d@fffffd@(\e@q= ףf@33333g@Ii@HzGl@Gzln@,o@Q.k@q= ףh@(\Ub@l\@33333V@̼W@lV@)\hW@33333CX@Rq[@\(_@Q]@GzN`@(\/_@R`@ ףp=a@{G:a@Hza@ia@zGIb@ףp= gc@p= ׳a@Gza@xa@33333a@fffffa@(\b@p= ףc@\(d@e@)\f@h@ ףp=j@fffffh@̔h@= ףpi@̴g@fffffg@ףp= g@ףp= h@)\hh@Gzh@j@(\k@p= Sj@(\Gh@ףp= e@Gzf@zGYh@(\h@q= ףg@yg@Qg@(\Jh@(\h@p= g@Gzg@q= ףg@33333g@Qh@q= ףh@33333h@fffffh@zGg@33333Ch@zGg@h@{Gg@(\h@p= +h@fffffh@Rg@Gzf@q= ףe@Gzc@(\*b@(\]@(\/X@33333[@ ףp= Z@Q+[@]@= ףp}\@q= ףY@p= CV@q= ףPV@pV@(\T@)\(R@ ףp=jN@)\O@Q@GzS@(\/U@fffffV@QT@''Gz6@,o@?IКV@4c+zN@?> 8 K ; jRLnwF; &!- z v d = 5V^ J z ! % ` ,+KcZ"5t ' Opi A%'i#J!#r('s) !jx!r =7]CK^& %+*=% /!*"$.##%g(e(,-41/6<;mEZ=%8>?AL M/HbRWDaa\/V#Yb^`NmQnmttb[\WaT[$ahhnewq|ʢEקFk`XILdGK'O\o3ggrblw\}7zr{#5~|;|}~u#WʻNм±vܶǞW \۵sj٫nֹfEEX,״$ԩCIfN[Vn[lca.UFFrGj@a5(8*-4D9'BE A'U6K0NU pC"Arial1 2016M07 => 16M07 => >NBHPW|}`~~y~A}ywurqqs-uvMx z{~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C?S_N_FI/YP"Arialed: 1992M01 2016M07 => NZ S_N_FI  ZFZȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arial1 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialwf1" has changed!ation Te"Arialwf1" has changed! ZZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o in7[Ȍ6AȌ6AȌ6AȌ6AȌ6AVVL4 ##Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A' :1&A'l(!L@9*4yK@}+s L@*"-KK@~lqVK@fE7oK@!K@51-K@E5'J@,u5 J@$XJ@Q?bFJ@6" K@1J@Yf RK@8hQ@^?iP@g:O@ O@O@깿YP@SP@Q@@P@}P@iN@'pg6zKN@'㔐RN@vN@9VN@0~O@’N@s\N@o9ON@]M@КfN@rN@]%ZL@s{rL@~xK@}ݖiaK@j*K@h:\L@1x K@x1!K@S@3I@)BE0iH@$/Y|H@A" H@5u?qG@sVF@eWvG@6sG@#UG@m_8'G@-I@MI@[a/H@G:*/NG@wyH@|a8^H@asH@G@}F\ >H@Q?7H@<(}H@ByI@|dv0J@!#zJ@.™RK@sXK@{uK@k(nK@9TJsK@˹WBK@.2jK@OJ@?:J@8J@jGԸuI@4uJ@+}K@nM@c6N@"ThN@5oO@J U9WP@.=Q@;LQ@јЊP@S껮O@<~V6N@1'iHN@?q N@yM@Dm7`M@0/MM@{M@C$G N@T\@P\Dm\@/E$ \@ v"\@s[@?NZ@shZ@بPY@-[,Y@{ Y@j&]Y@l ܷX@$X@j'RW@aDW@mV@) GV@UZW@ ^jU@&/)U@KU@6U@Sx |U@;AIU@{9&jU@V"V@߆0V@*W@F^X@+2W@''sVF@BV\`@2VFR@>39@?> 8 ~gD:Wv =T{!1'*=*&k#! '#P($(.*.,)8*095<7<=j>?BBL>O)IZFC =3D3T4#:r P s R - s(]MT?&u,,?28A@A:2Z.+)&*&&', 60=/-,*,/A-@13w;77=O75;Y::2BJKCMuSR0S=Ych-lx9˿lۃ܃;j?zjaYt?rpZ{"eUk2Buj~zxRಟ`.mշ,օ2ŊLs~ӵ԰Εޢ~qS۶~9Vݶ﷋ɧ;WЗ1咬Ņ.}| upYtZpom[qbv/}7ؒي'5U6Hg0Np TpC"Arialed: 1992M01 2016M07 => UZNI^HPOs|}`~~y~A}ywurqqs-uvMx z{~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C?S_N_FOI-YP"Arialwf1" has changed! u S_N_FOI  vFvȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial06!Button05571)ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialei / s_n_fei(-1))-1 "Arial1 2016M07 => vZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o invȌ6AȌ6AȌ6AȌ6AȌ6AVVL4 ##Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A' :1&A'~v~YH@giM8H@"pEIpH@bbH@xH@v4I@3'H@`S)nöG@C G@u?/G@2ǏmH@4sH@ I@MhqJH@"H@i)H@#G@byG@zJ@a/I@P[@ I@=(}O%H@2I@X}K@m3שK@0LJ@aٜJ@Dw@J@cBK@ a\L@JstJ@EL@hQAHM@[;J6L@9O@&jAbO@ AN@Y!5N@RUgN@HP)~[M@6pj M@'QrM@RVN@[  M@@F$N@UCO@u5\O@'hm?2P@ܼ`O@[ϟ"O@EN@GY^P@ΏP@iO@F@Fw4E@Ln YC@w E@*;7hF@"HKF@I>E@M]pE@PE@E@.xF@'WF@uE@aɰeE@5oI̻ D@XAC@_ aD@^MC@Sந9D@j8YE@Ѵa-D@dmB@Ym B@m֔B@?\(OA@6#ޕ8B@bo}E@U̔|F@ ȏD@LEC@J,D@:{D@iD@9D@zg D@n\@E!YeZ@C-yT@4FR@ W Q@C}T@FFT@qKS@ U@zB!X@ YtX@LkV@lu X@4yV@V@ %W@ W@pYےW@ԇ~V@f,V@[rV@jL HV@2]EV@eVAW@~ 1Y@9nY@J47[@_\]@  BԠ_@~"K!`@E ,`@؀qe_@N^@Mj ^@g'd|^@"]"@^@!e ^@ /n]@r[[@IIj[@_qE[@A0\@1Oa[<]@4;^@]S `@֡?َ_@)ү^@Տ81`@齌ta@}Aa@6D_@쑼)U^@H/jJ^@ɀ!]@Q^@=VP\@+3E[@ip[[Q\@G^u\@i h\@έk[@h]@Y^]@;ܮ]@ZM2O^@.+&w]@D^@]@NE]@Rr%Z]@/ }\@fCZ@x`[Y@ae8X@zxW@GHX@drG5X@qJW@dV@j V@~aØU@9MJU@e\iLU@kU@ykVdT@%S@2€rT@OiS@?S@a TS@^3S@iFqTT@HU@zW@>AX@'5Q܁W@''?\(OA@齌ta@!H;SR@6 <@?> 8 .v7!6A gR~''t$ #/,,o(((-70z)/x41<1>8894Z35{;-7r8=?Bi@ =;UFFW@=BFG>1@>BDGKLF>;8#%&n!H!*E>DE;I$P[UTF5.++'()'J&2[0Y-w10D+))(i)'({&&**;/32146>@DHN1OV>_Dipt񃒓yQӎ3)7r45mj\8Sjhafxp~~e4MY}tg}{΂njьߋߧ̣] Pb.Rб}\l\DТ?3$Rٳ{\TһRVlKxttwwie+jbob_fkw#{~'U60Nl bpC"Arialle: S_GARCH_Y_BFTCtionsvNyHP|}`~~y~A}ywurqqs-uvMx z{~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C?S_N_FUEL_OIL%$YP"Arialed: 1992M01 2016M07 =>  $$ S_N_FUEL_OIL  MF[Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arialei / s_n_fei(-1))-1 R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arialwf1" has changed! ZbtiZbt"Arial&Estimate Equation...ZbtiZbt"Arialed: 1992M01 2016M07 => "Arial1 2016M07 => 16M07 =>  @ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6AVVL4 ##Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A' :1&A@ '?}?5^I?sh|??"~?S?Zd;?S?$C?jt?9v?|?5^?Q?m?;On?B`"?V-?Fx?NbX9?V-??Q?}?5^I?/$?'1Z?MbX?Pn?`"?/$?X9v?x&1?/$?Zd;O?X9v?^I +?v? r?m?m?ʡE?}?5^I?-?V-?Q?+?v?Mb?%C?㥛 ?x&?Pn?S㥛?Pn?x&1?x&?V-?x&1? +?v/?`"?$C?Cl? rh?jt?9v?Cl?uV?V-?~jt?I +?= ףp=?w/?\(\?-?ʡE?ʡE?A`"?E? r?S?X9v?ʡE?HzG?y&1??uV?y&1?}?5^I?Q?MbX?d;O? r?;On?ףp= ?M?{Gz?tV?= ףp=?= ףp=?Q?V-?S?(\?L7A`?~jt?V-?/$?bX9?n?Q?Cl??ףp= ?w/?7A`?Cl?"~j?x&?333333?ˡE?K7?p= ף?V-?Fx?Cl?)\(??q= ףp?+?MbX?ףp= ?)\(?Cl?-? rh?Fx?&1??ˡE?Zd;O?jt?!rh?/$?X9v?"~j?Cl?7A`?~jt?"~?+?Mb?Pn?Cl?}?5^I?A`"?&1?Dl?K?Q?I +?9v?sh|??-?Gz?1Zd@ rh@Gz?(\?Q?x&1?1Zd?Gz?Q?1Zd?~jt@m@ffffff? ףp= ?MbX9?(\?V-?L7A`?"~?V-?'1Z?ʡE?v/@(\@K@d;O@?5^I @ˡE@v/@v/@ r@9v@(\ @V- @Q@{Gz @333333 @+@Gz@A`"?/$?ˡE?tV?K7A`?bX9?V-?q= ףp?㥛 ?|?5^?zG?q= ףp?X9v?Zd;@M?)\(@K@Q@?5^I @?M@~jt?x@㥛 @M@|?5^@bX9@Cl@bX9@v @1Zd@rh|@㥛 @%C@sh|?@RQ@jt@tV@Fx@ʡE @K7A` @K7A` @Dl@bX9@Zd;O@1Zd @x& @/$@}?5^I@'1Z@T㥛 @ +@S@Cl@K7@(\@MbX9@h|?5@V-@/$@^I +@-@ ףp= @}?5^I@x&@m@Pn@ +@K7@V-@q= ףp@ʡE@?5^I @/$?tV?S㥛?^I +?Fx?x&?&1?A`"?ffffff?E?S㥛?Zd;O?S?Gz?RQ?n?sh|??㥛 ?V-?E?''y&1?Q@.%Ii?+s??> 8  (mzd  I  P p  }  UeeP U|cO/~5&m!z 9 <  gg`Gg"gn T;p!p!"h,()0(e=~ #A |j~Ye$*<,!} !&P)+Z&c*|--85GKAG fNHP|}`~~y~A}ywurqqs-uvMx z{~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C?S_N_LFTCW[)YP"Arial1 2016M07 => 16M07 => e? f S_N_LFTCW  FȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arialwf1" has changed!ation TeR1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arial&Estimate Equation..."Arialwf1" has changed!  ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o inUȌ6AȌ6AȌ6AȌ6AȌ6AVVL4 ##Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A' :1&A'iVծP@\P@YȜ~P@P@ϙzP@}DI)Q@Q@ ΃Q@ȮLQ@,_aQ@ԭ"P@e hP@Q@g^P@;i5Q@d8Q@DSQ@#Q@lR@XrQ@ KR@Q@R.Q@!Q@*FQ@_P@lQ@lgJ}Q@4P}Q@L=.R@vߎdR@COR@خ\R@y2j+R@o%Q@|F^Q@nb_Q@lj+>0Q@&Q@33!Q@IYR@}A$SR@K2rR@k@)R@Ka R@N R@dFR@F@+Q@tR@鹅jR@}^ԣR@֬3eR@ٝ!R@w^R@n) o.S@5ZR@? $R@KR@N/xPR@LQ@)SvR@ 򂡱R@}UR@79tR@R@!=R@ŏhrS@^PR@9cS@‰|S@;cR@>N%#R@R@m36HR@]R@# $R@S@LֽES@=lS@19R@wthS@ qhS@HR@7TPR@"NS@.R\R@^HS@yy:WcS@W9S@cǐYS@rΙ~S@QS@90US@Q “S@Y0S@CDbi,S@_4S@]jKS@8zS@ɾ$S@ eIoS@[nS@ NZS@?S@S@s.wS@JdS@ДS@QDPS@P1S@mnS@D0ّwS@s!S@+8T@>5$6T@k9S@hl9T@i3S@^)BS@hdS@bcES@=M*S@v6S@^YT@[)<]T@ExT@T@*|Ks yT@7WI;T@q~T@rCgT@.7"S@_\DT@U@'}JcsU@ 'LU@Ѿ"U@arayU@ˬTU@Q2U@_U@mMU@䚆сOU@MU@v%9|U@?GXhU@$U@KU@28)V@xtU@D,V@7ɣV@HNfU@-'V@ܭrU@Y[U@w\#U@@zQHU@wU@p"TU@sҟT@76T@ICT@쫂T@. 0T@7T@H,1'T@7oZSU@sZU@G_S$U@i)lU@ MɺU@'7U@D 5 U@ƂT@> U@V*U@prsU@̣U@[V@"l,V@ oCHV@5b$5V@V@]Q$sV@ ǑV@R/6U@G~qV@9P7V@/'.U@0U@U[:V@Yy4V@H5 .V@QuVV@ļTV@vV@$\V@rU@V@*A5FV@yV@W}V@xmV@ V@Ƅ7W@QV@ѷ`V@5W@͇V@G!f#V@ r V@ ,|eV@Va@V@9V@*ǞV@'W@+~|V@ XV@W@p4W@.Й W@+.V@|1JR W@3-V@W@&X5 X@4YW@'X@ eщW@aH&EX@UX@+o_PX@SI{X@ bVUX@"k._gX@:WX@''YȜ~P@SI{X@RnA_޵T@sF( @?> 8  )9& ? !/Q0(gw 29(0?Z2 @a%&%7 7:>?-5D'09-*9@D>P7B@6';?Q7:COIXDVY@[1PFCDTHKvSh@H^W?FKIJb]VRUc$a`\QPxQ)TYOVX>^T^M\YaOYWNTK_\OY d6jo*gzb\^_gd-lCtinw(܁@fK}z~~-ęJ xÑzV6d*P=cDѠF .p@i.]ݚڏQ|'}߄{V1+֍U#矹(߭۹竄ܟPVg0X{ĽR۹ Ƽ«jŢɕ#лž/ʯΠȶĝ\$ϧŪBwЌ׫ksػӰޑ<ߓgR;ߝz'5U6f0N TbpC"Arialwf1" has changed! pNgHPm|}`~~y~A}ywurqqs-uvMx z{~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C?S_N_MWT+YP"Arial1 2016M07 => tt &Filter.. S_N_MWT  FȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arialwf1" has changed! R1/1/1900"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtions"Arial1 2016M07 => ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6AVVL4 ##Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A' :1&A'~k ?MbX9?MbX9?w/?w/?[?ZB>?W2?W2? o_? o_?ё\C?ё\C?J +?J +?-?-?-!lV?-!lV?JY8?JY8?D?D?.!u?.!u?rh|?rh|?:#J{/?:#J{/?k ?k ?6?6?/n?/n?^K=?^K=?L F%u?L F%u? c? c?n?n?N@?N@?Zd;?Zd;?Bfj?Bfj?S?S?HP?HP?ڬ\m?ڬ\m?$(~k?$(~k?}?5^I?}?5^I?\C?\C?ffffff?ffffff?l g?l g?|a2U0*?|a2U0*?V-?V-? cZB>? cZB>?n4@?n4@?|Pk?|Pk?????[ 8 L*qGkGkPP++11Q4Q4<<@@VV`z`z;;XXT=T=iiss``cc{`{`WWggWiWirrXX//XXQQ== F F?[?[VVWWYYlflfc]c]J|J|AA>b>bzczcttTTBBf@f@EESLSLIIz=z=9595({({x4x488l@l@KKFF%@%@bb c cLHLH P PIILL__NNcc[[iill\\ccUU"l"lnnʋʋ:z:zAsAsqq(`(`vJvJ'X'X||4400V7V7OO _ _KKKK\\XXUUQQZZ44DD%%%%>>rr p p{k{k`g`gbb p pjjll..;M;MYYTTHHmmlflfXbXbaaff0e0ejjiie4e4?}?}ggyyjijihhRR66..t~t~ɒɒ__uuʢʢuu,,ձʧFF'0U60N32hv@ L< U@Ȍ6A pC"Arialle: S_GARCH_Y_BFTCtions"NHP|}`~~y~A}ywurqqs-uvMx z{~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C?S_N_RGDPW(@YP"Arialle: S_GARCH_Y_BFTCtions @@ S_N_RGDPW  eFsȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arial1 2016M07 => R1/1/1900"Arial_rgdpw / s_n_rgdpw(-1))-1 ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => "Arial1 2016M07 => icng... [ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6AVVL4 ##Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A' :1&A'^`Q@ŋKvyQ@.*Q@cҽQ@H6дQ@~!Q@ItCQ@> J$Q@Š]aQ@ࢋQ@R,Q@YQ@uYR@:k$ R@]z$sR@sR@d&R@q -R@Pq#/R@X6R@;?R@ͱIR@3TR@O%bR@ !/rR@MR@,R@X[ R@R@ sbR@ސR@0R@ R@#ǭ4R@K[S@mS@㑲S@@s S@tԋ-S@C:S@}HOS@gS@gьS@VXS@eS@AаS@S@7l T@Ni$T@DZtY@lGZY@EsY@b 9Y@ Y@޳Y@hUY@tGY@ɖY@8h Z@Z@N ['Z@Z.s1Z@]{'BZ@RςPUZ@ipZ@&ZOZ@pZ@9}=_Z@AFZ@)Z@G)nZ@-YfZ@hZ@1[@gO Y[@$[@kwY]&[@ 'X@2[@#=[@ يGF[@͘8S[@Ta[@s1r[@؀c*[@t[@1â[@ ].[@(E+[@d~[@Gu:[@ᚖ\@cy\@&\@dWw5\@β=\@وqH4K\@sZ\@1Vrl\@ s}\@d\̪\@~^7\@'o6 \@Y\@)v \@D\@AX6\@&j]@` ]@C]@:c&]@YoC 4]@ʱA]@<۪P]@ _]@"Y:Um]@q|]@c]@辜.]@V-]@Ȫ]@ٴ]@},M]@d bV]@J@]@4Ǩ]@$^@^@c$^@6oA4^@:@ E^@3U^@e^@;_v^@.熦^@Fʮ^@0^@3vxտ^@sr^@G@^@6q^@/VS _@| _@''^`Q@| _@HX@ur&g0@?> 8 '7J ~   0 ,:gw vlS !c#%') +,j.J01j34B678:b;<;>?@KBCEEFVHIzKMNPSR\TVWGYZ8\1]^`bdyf*hikm=opXrsuwyHz{||}`~~y~A}ywurqqs-uvMx z{~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C?#UČ$;2ʵˑ{j]]ZQ`FզՀu״گ۷!Bo?fD'0U60N> pC"Arial1 2016M07 => icng...NHP|}`~~y~A}ywurqqs-uvMx z{~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C? ~ȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s6@,<"Arial1 2016M07 => 16M07 => R1/1/1900"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial_rgdpw / s_n_rgdpw(-1))-1 ZbtiZbt"Arialwf1" has changed!ation TeZbtiZbt"Arial1 2016M07 => icng..."Arial1 2016M07 => Mx 0 S_N_BFTC S_N_FEI S_N_FI S_N_FOI S_N_FUEL_OIL S_N_LFTCW S_N_MWT S_N_RGDPW @ 1992M01 2016M07 @ 8 8 8 8 8 8 8 8  MD "Arial1 2016M07 => 16M07 => O<O?XOsOOWO OOoN}HZdpp5ppF"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt   6@,<"Arial1 2016M07 => 16M07 => R1/1/1900"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial_rgdpw / s_n_rgdpw(-1))-1 ZbtiZbt"Arialwf1" has changed!ation TeZbtiZbt"Arial1 2016M07 => icng..."Arial1 2016M07 => 6@,<"Arial1 2016M07 => 16M07 => R1/1/1900"Arial1 2016M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arialle: S_GARCH_Y_BFTCtions"Arial1 2016M07 => 16M07 =>  P|}`~~yN} S_Y_BFTCO+YP"Arialei / s_n_fei(-1))-1  I S_Y_BFTC  Fl m,ixxxle&צ r s eZZ  x s`nnL4 #p#ȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arial1 2016M07 => R1/1/1900"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialwf1" has changed! ZbtiZbt"Arialei / s_n_fei(-1))-1 ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => 16M07 => "Arialle: S_GARCH_Y_BFTCtions ZZMx E` CȀlC AUP6lo  D F' :1&A'r?FLח?~c˿xm?KgiΦ?huz?@FxgB?$S˿Գ?pl؄ @F?fL^d?0h=?L/uɿR?x6(Ejp*?șJHxi;aK؍?ov.xq?c2w7?B+ Ӥp?Ty ?Г8?xg?dkoĿz.A?Xjv ο;P?(D/?k˿/+$3?*ípz ȿb'FЉ?H $`KScp\?`nE??tmF?r?:O?@uZP黿[I?8ӏrZſ%ASĿR ?(| ?0Ў?0?¿Ϯ%?"Sb?8@J2?z?0DNm ?R¿ ſϙ=Z?q(^'ܣ+? οP~:?PxZzt?x9 yw3?@7QqL`97? C?NȿAȘ8?$ſ J?G п,?HWԿ荎?D?D57ȿ/?L|?@'ҽ<5i?O ?ڨYrQx?[zNԠRXP?@e_?1p{?Ap((}, g? UÿQ?NWc? ANZ? SW?8gPֺ@B9f?mw.?t!7C?GrlA›]aW߱?T줕?Ⴂ?06h@#a?njg60? J?`6=Lhe?%:B?c@ll_?7PʤD?j?V$R͞"?z6?V6?2?+(!({ܵY?f1m=?L?幾?09={į?c2@]M ?^J6V} ?WL(?QS;X@' ?H1۳a͊?@Ä?$:?.9?i.̤.?HT9S:?f n ב?AK1?Y_?ǟ}k2}?'7F?N=zP-?^^*N(?/C8z`?L+?|ſ8 ?`Z?x陁m? :..⤿P?x]=@W $3? G5k?M 6x@p1QfR ?ɖ?HS?0R?4̕"?Ɠ]H.?af?YDtsM@w? ٜĿ0ڭ0Wܘ?4^ڄ?B? l9:L? Q٦?Yձ-?p3 7?Wl]C՚c(j5?@QR,JZ=?t۬?+Ŏs?kF?eR6WCc8i?[@/?kSwf WF?`mb?P`MZ@Ӟ4-?@ͦ?&nY̨?)m6?P9DZ3?,?`6ސƪЩ.^]lh!?]32RukJ?Չ)Y@? ?`sA:D?m/m-?''HWԿ,? ӷ?p?1??> 8 s KL1Or?Rd,"K-TT]c1])z2*x\5#ekaFD*RB( 3=|4b@=FSwYm0MR"ٕ `"9e(.jWPHUkKef-V9!"T4G.[&ejF{]L|a%f w(fw\S4rOCPTUe R+ j>HN7:+jT2iD#Fqe 9 3n#asFS;J[.brcVM"DAtELJR3JGPATKB+KY9ZVEU1PYSISW6"3,gSMsR`3SZBRiAnRH-`[4vZ1RH R(%sfQ4YA~TI9Zu?K6:;WmKPHIMD&Jj:2[cAO)DMfH#9Mb?H'U6=0N" pC"Arial1 2016M07 => entsRNHHPD%|}`~~y~A}F4 y ~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C?S_Y_FEI-YP"Arial1 2016M07 => 16M07 => e?' S_Y_FEI  (F(l m,ixxxle&צ r s eZZ  x s`nnL4 #p#ȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arial1 2016M07 => icng...R1/1/1900"Arial_rgdpw / s_n_rgdpw(-1))-1 ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arial06!ButtonestZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial_lftcw / s_n_lftcw(-1))-1 "Arial1 2016M07 => 16M07 => e?(ZZMx E` CȀlC AUP(lo  D F' :1&A'tI2?SNu܊6S?`F7?`_N\?@*<+JgN@1?vJ]&Ӟ@0T㥿 y;[ɢ?pd?xeTAt?0F9ڧ)p?0>5ޠj66+?ƯE?Է@? Zv~qp!&ڴ?[? S?Ǚ?\$vPf/Iͤ? P/Ag?RjYʥ LI?e'?tI2?P)ʰ?tS;N::`9llu|b@?n_YK?`֑.N:?Ɠ@?%hwSt??@8?CðXV~6۫e?/9?y?<@ʚ?7)'? T? #aVXw?G&;?r TC^?P? 'cI1?Y=Ŀ߄|?þ?`v#RI@&Y?@>Xs? sQ%x8Zsj쳿ݖo?mפ%-ÿ~$qq6N?pu.͢?j ?P,N? 'w?mI?ͦW?kp?\b?T [g/@Ѵ?Ca?]OqSղ?F 8aQ)ғ?@`x ?dJ ̑?D5? `Y?`,D?,:p?<?P%=aV?i?7?p栢ϫ]?_s?5d_A>,I?}KP1,zp_Nֵ??gS?r,ct?`:mԨ%3W? x?Ψ??7OZ_Jr? Н^p$䭿Ru?ʘ)?`pkD|v?>=,$,Ŀ럸ߔ?TIr?FA?yA>?`JM?`aꯩ''1389ο F8.?:ںu?xF+R??> 8 1΀)z]| joRx="rzmZuEdR}<~pڰ2lpoCpf퐾z)@vbA|xqd`tJ5j}dFdw@n#T?KlpgDXx!rXM{p=񗎍^xó~CJsւ(+b}n[+v1 S\,ŎoGPlW\::4l̛?\P3I)[^sé2j VdP_l]ISqfbktB9̌߅ф@fȌ#L 1߫>XͮUrĶֱZƅ+i>D՝rhk%c%o")|v^UYƆ֊{.У,f~gҊ͠mMqtwo[GeUx~j_PpujI^y|ؗSy-7pӓupqSqT egMrr}Oa;]?z*("RIhk'U600NW:Ȍ6AȌ6A pC"Arial1 2016M07 => icng...'N+HP<|}`~~y~A}F4 y ~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C?S_Y_FI/YP"Arial1 2016M07 => ? S_Y_FI  ,@F:@l m,ixxxle&צ r s eZZ  x s`nnL4 #p#ȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arial1 2016M07 => 16M07 => e?R1/1/1900"Arialwf1" has changed! ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arial06!ButtonestZbtiZbt"Arial_lftcw / s_n_lftcw(-1))-1 ZbtiZbt"Arialle: S_GARCH_Y_BFTCtions"Arialle: S_GARCH_Y_BFTCtions%@ZZMx E` CȀlC AUP@lo  D F' :1&A'*PpKc[? I6Y?k:yF?v^TZ?} Jsng%P?4@Mftcf#?na8K7?2zH瀋@FDD#o?@@S ǒP?Y+?2X?{a+y?(?*Yl@QG@ G܆@~Uz:ωx4?d%?\s ߛ? o䲡? ࿕?@GN\;ヿI[qn?aF?/Nҫ?_/?(Ok?ql:hw?C'zs?6x?2b)#?84@~?t-?@0Ɖf`3Dࡿ02& +Xh; ¹2y?fe&?5py ? e-?HHx; ^-#a<ñO?vʉr?>z-v?򹒜? "w+wXƍ\!@53?Dp뺎ᄿ F ԥ%kUL.vH?)B[G? G2Şuh8qh(0/B;^G -TҒ@VFgb;©?fҥ?w^B咿kT^|` :7ϡ?`? ^b3:R\oА?wyE0at~z]u?—B?!3)?,?ꃎa?p\?ir|ޑA3y h?}ٔ??%-mpf𜉵rK?7PP?*?Hcf?pQ#Gb?@iu?$2+;?M 浆?BcrL?>cM?߰H lPkw?G?O | j 0r@ەI?|S.c@p@?. ?^`J?ZN?pp>U?x3?yp?w\)?E-0Sj IKYiPC/?#?n;j? `Õ7?`g0/7YBæM 8 HaT~;JOW{D{6[*xqŖ"xƒ̈́QNՊDz䁲"E>]5q ߚ*`֕&E{5oLwXiDA2ۡquԙsUΊwpҟ{ ^vLƅAl͏RN>lӂvo0#^HةkfƖ蔵jLQjѓ,sln.IƫVzjr@~ .-Q{sˏH ⣿S>sWw6"љ؜5x ʯ ԥ) ɞħ׃BV`\qt7e\~)PĜ2wIz:u²ʜ(ƺl HŞaFjf>yZCv4ϋz֗yѐTb3ෆى| qRy~KlZգ"ԣ {'U6H0NQ TpC"Arial1 2016M07 => ?NCHPT|}`~~y~A}F4 y ~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C?S_Y_FOI-YP"Arialwf1" has changed! ;W S_Y_FOI  WFWl m,ixxxle&צ r s eZZ  x s`nnL4 #p#ȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arial06!Button05571)ZbtiZbt"Arial06!Button05571)"Arialed: 1992M01 2016M07 => fWZZMx E` CȀlC AUP&Xlo  D F' :1&A'Ŀԍ{^~?ـI@,1#?J|?`Bk]`ך󞒿ۂu?!hC~rxG?"v?:Ŋ?8g`'۔:[G_Tt~R?@漜?E#?^yv?k t+s?@?-ƃ?|8KdX嗿Q?]KYVW?#Y?JKc?@3e,ǣv`U?hrdi?D%'|?E]{?Gz^??xU}e?P@ 4hP#Lh9ʬ:˓ [?jF6~?|ebYZ?YrI3v?@HRCᐿZItz!n? {00Ew@;kSvIh? ۀzJr? +8m#? 0d "Mrn`?˗͔? Ux?# ?[?l񴀿@28?@B5?Oij?:U?)vĔ?Cc?`1? ?\?ˬ?ѹУ?3+?`L(?p3Ξ?-/?Nw?@Ң-?j7?k ?@<h?띬?ۮ͓ÿP^r?Pt?@,z:ne? Btì晔Q@Ph*¬?Dzs?Q Bp;oQ|sZđL3!gwhNL_ha*nડ? ??0d=?0];??`?K{'' 8 c`݄Γsh8^0a#"K~zxww}+Xm=o\w4@xAzz蓦8=}jsΡt3k:얟ɒum}uW6"dJzh'*{𙿔\i.Wlh 0w\VԊ~"z3t-s>y>#wZ=?yju䡠Eel^u ֣f3} A4Ǝ雔uFxf6r[7Gyj؁*#yޔu9*ΦjʼntLꐙxO[qڑc숁lu;O.ʾ'Z.(Т񂵚|Ȁ8-W]8nsw܎ 1_YjfH/8wܥE%9<gr2fjd|}ņ'WQv74 icng... n$$ S_Y_FUEL_OIL  oFol m,ixxxle&צ r s eZZ  x s`nnL4 #p#ȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arial1 2016M07 => 16M07 => e?R1/1/1900"Arialwf1" has changed!ation TeZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arial_rgdpw / s_n_rgdpw(-1))-1 "Arialle: S_GARCH_Y_BFTCtions uoZZMx E` CȀlC AUPolo  D F' :1&A'&5 C-? ??`Q(Xt9 (rt?l@6 kϼ?O[hޡV5.?__u-֦ w?gIY3쉿 hh@ v9???uPuPP7zQ6$p|[ Kߚ?3V -?RJ)?RN?H,TIJEzx?RJ)5VD`&y?跿Sq?fmfm?0C- {a? """""?C^F ۠??Ϭ?PB pv ?/+s? s e7ʿК3[?`1?D+l$?W=]?PVԧ?Rګ?tl+(+7ɿ&? mcG?$C1tk&F6?h *3P R%?nՏ4ɠOu3w$>vH琚`@tTdhκ?xޑ3?^`mwa[Tǿx \y?-4?4ܽDy 5?@? (jJ?@HG??88?=ѳϴ5n?033333?Ȅǰ[_?Е]ڥ0VxV3V?C_?l :;?pDXi?eC?`~̼Ŀѭ;H@G).?贁N{\{1?hQvƟ`9zQ?q݄M󟷿h= ףp'ZGd?uy)zz?@6?\j?[|=$I$I?:W~ a/?"d?y;Cb3=l}?8x?%i??)?2gUXֿ@\?{ͅ)?09?Bz?`|i@ C>?E?0? ą@?zj?lǛ0P3?`N?H t?0?Pdykֻ?,Uh'?xZ s?O?y¿`Rѿ&оj}?0?Fb?x+R? Ao7𐿠ʨ?@.e̿p?xם@!/?F[լ?@ zE?@@JI?@C*؆ N{?@ I?s̓? B!?UP?s? n%id?KGES(^&U?0)TC0e/?ꆜNԡ?Pikݼ?0Ḏ?4E?`3 ?@1D?ʰ73{!0u(?{ w@g7g ׷?-q܂0&Ϛ?`9p?7NÊ'M¿s6v?@3S ?P?@36v[a' )e?:bP?Pjȡ`6S:?@AA?099999?,?]fӥ,L?x?ҕx5?..b?~ޥU9e>1B!@_Y1?.S.Sę]X)PW 0*!뢲,a=ÿfw+*1k?T >Lǿw?FR< D\b"$ƿ ?2g~sY17\MZmgȿ0ZP?|? ?He{?PrY? .s4M4Mÿ''2gUXֿDy 5?!u/}?Αd??> 8 xj}҃srvs8F\dexr/RjqpfbÉPVoA|}TOjLR}lysk`xsdJ2}MYU`6q)#Nᅃk qzlxىRINoqh8pl}1^ah݅r}U쓲q:jgptCv垝q(lquoc{m+SyxZ}Gfy9~{E^!e p4pyk,tZm\AEe7$qh9 H_~qG5u~񒾵q:mWB'0U6w0NQ bpC"Arial_rgdpw / s_n_rgdpw(-1))-1 nNrHP|}`~~y~A}F4 y ~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C?S_Y_LFTCW[)YP"Arial_rgdpw / s_n_rgdpw(-1))-1   S_Y_LFTCW  ,F:l m,ixxxle&צ r s eZZ  x s`nnL4 #p#ȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arial1 2016M07 => tt &Filter..R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arialwf1" has changed!ation TeZbtiZbt"Arial1 2016M07 => icng..."Arialei / s_n_fei(-1))-1  "ZZMx E` CȀlC AUPlo  D F' :1&A'MR=ʄ@k$Ҙ?8XO@%>?@\ ? ݤo7? RW6h0eJHk+\?n}xzhg?pfA?o%=y?Y~??d$P6 2?lY-\`# Xׄ@k )?4s+?!ֵo?pK_F!kG?0(}칇? s@E?@CpPP\;#ɉyX0?^׿?.oX?na:ju?rUz?A+~?~&E?@rWڟMR췍?Jr@J~?Wl j?ʤe.L8P?4 _Ո?o3\@Ѩ?|>ғ?K Aj@_ M;ۉ:)?q4|?kKGz?IWHF?[f?V:е?xdޛF?wu?8D`)샰?5Kw&]?1]Y~?\x?7ɺ?R1K?lq?D|ޤM}R?pR$?`ld6'?%%q,9@KƆM({?Q? fLpT+POr FB{N%78`2KG^Z?}Ks?5Z&? )PZqQ&?#}1?@#?,l`2p?@.ċunt8ƷR?Ӭ?lƷrvaٜʒ?I7??p#Ѡ?lE룿@J'Mڜk?pRY?SҌ?gT?Dm@sb?RoSi?p?5FJu˿b?`EU@/ÀVN#)?]l+a|?}{٫A‚zg?5uL2gs9Q?N8 URF?C~0nCa?8`2U?4X?QW,}?P˩ J?$D S?d >k~|j5l.?BھkǙs?@MS?g`zܩ??=UH"+2?@y`h)A?it?:`Q]r?NV_?`mӑ?DxxLW?`r(WG k?3?LsZA:ˉ?Xj킈?>gIw?v_:z t ? DCS`M? /fܜe@@N͕?TOvR;+0r0 ?ǩx?Kj+}c" ~sކ?@Vn(rhĄ?ki~?v?\kG}lmr{?̒b%X}~6a>5?XT玿>v??௻]?禋B ,?Q?6EpnQSV?@7޶}d8ʑ? /"Gfa?_KÌvj'~%Ay?jjp?6dtjh~?Q(wPtve?6Sd`[$A^z?/-?qyr?Rېr*?Ie?qKHBe|?Y*y^Ҙ#h?~Nd'' URF?> XW?YjůR??> 8 uaZvdo_GRKG?b-:qOP9v_Y<19d)[;k|c ҋ\"]Or5`YehIoTviELv5|Q:xpˋ#Z$pGYˎ}KnlƏY5J!a4|kLQ|QLyw|hcll0xfK?a0W%ӃAQ?/ERi,<^Vph+Z{K-bV/yA}z|wH^ }hY f:a}R0f9:.Z+1rzh\gU}~{{J,&({qd=EfE6ʥݼuZNy%7v|[j3WN dԒtɔTabbKUB^rrISlnK1Khm`|[Hg$h+ufVWeCZ$o{j`rS?l^wjGLq0k~tf:nCn–z~vj&r'U60N TbpC"Arial1 2016M07 => tt &Filter..NHP|}`~~y~A}F4 y ~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C?S_Y_MWT+YP"Arialwf1" has changed! ; S_Y_MWT  ҞFl m,ixxxle&צ r s eZZ  x s`nnL4 #p#ȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arial1 2016M07 => icng...R1/1/1900"Arial_lftcw / s_n_lftcw(-1))-1 ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialwf1" has changed! ZbtiZbt"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => "Arial1 2016M07 => icng...ʞZZMx E` CȀlC AUP&lo  D F' :1&A'`OMh| Zÿdп|:?V/7?1? &j ?@ l ?|Ӭ?$.0տx7U?DoƿհM?@σ?@ ?¹kꝓ?L d]f?+:?X*Mީ?%h\¿~705пh?EI?0$[~}`}B?vQ=?.D>_y??m4? I@?@\9d>?.T?d!ϿDbPny~?@t*5Z? Z赈ZƿX@qtى G ԣ?SS|?`kVavֵMb$!7ܿe\L0??jQ#i?˺׿ ]?>rn?X`;ֺ?'?ISܴP 6Z?&R|׬?P[u?@yȢ2 a?iı^?< ǔ?ȞE?\@ǿ''$!7ܿjQ#i?#UM?{{ }ſ??> 8 cB'Hi/'H'HQ'HL'H~S'HM'Hc'Hn'HA'H?m'Hw+'H'HP'H7'HIK'HD'H?'HY'HsI'HkP'H0'H'H΁'H@'H2'H]R'Hea'HC'H*I'HhJ'HU'Hs?'Hg'H`'H_'H^I'HX'H+'HR4'HF'H}N'HLP'HD'H1:'H='H'H'H'Hz 'HN'H:R'HkV'HB'Hv@'H"s'HH'H-'HPQ'HA'HK'H]'H|7'H_'HR@'HV'HJ'H:9'H`O'Hd:'H`'HI'H]g'HD'HI:'H#B'HF'H8'Hv2'HW'Hn'H 'HFB'HQ'Hh'H0Y'HC4'H^\'HC'HGD'HC'HR'H!'HQ]'H?"'H~I'Hn'H'HE'HD'HQD'HzC'HU'HyC'HI'H'Hs'HV'HZC'H>:'Ht'H6A'H:D'HG'HL'HF'Hzl'H.'H5G'H'H'HYN'HgF'H#A'H9'H `'HxF'HG'H4'H"j'HE'HxU'HXJ'H1'HOY'HkL'H:'H)U'H_Q'HT'HLD'H5b'H<'HUa'HyK'HG4'H)'H'U6-0N pC"Arialle: S_GARCH_Y_BFTCtionsCN8HP4|}`~~y~A}F4 y ~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C?S_Y_RGDPW(@YP"Arial1 2016M07 => icng... @@ S_Y_RGDPW  |Fl m,ixxxle&צ r s eZZ  x s`nnL4 #p#ȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arialle: S_GARCH_Y_BFTCtionsR1/1/1900"Arial1 2016M07 => entsZbtiZbt"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialle: S_GARCH_Y_BFTCtions"Arialwf1" has changed!  rZZMx E` CȀlC AUPжlo  D F' :1&A'>v?pFXt?}Qr?~zKn?V *i?D"3^?5o.d?J]b?TD)b?u`?ȏL]?l |T?ht[?u]?sr%d? h\?cW?/;?,j >Y?wt^?iIa?Tݹyd?3BPg?pnWk? j?޲l?P? [b?Ge?M f?P^p?`kt?!. ~?x}vv?[u? {q?{s?1s?c+u?Z=r?Bq?4дp?Cp?p|n?Aopi?i5n?`bn?Wl p?V#'o?:n?hm?*n?dgo?70q?kjЈp?"Ap?X\S4p?Ücq?&q?wr?<ܕr?+8s?=u?=q?(J q?U`p?_ߎo?2ضm?:8'd?oD3p?2 Bq?oEO]w?ns?u3{jr?k[q?.;8q?_Eq?aMs?kBK q?٬WYp?xAl?kFE p?k$o?1ps?޶k?g?_?|a?ge`?Q,b?8{ؒT?]:LG?hY7^?[Jurl@tTHms+*j}юU``j**?G\Sկt?Uh?V׾k?#! p? %p?hq?S[t?Hq?[?q?4#em?Ip?(uq?Ѷv?"R|jq?ػMo?ze?*'xm?&!,n?+r? x6Xk?ĸg?fe`?G}}b?a?fX?RLbgd?Yg?dp?Bh?l-e?PZ?;DOd?X;3 e?њnn?[Xc?Lr`?($Q?Z?8]![?`Fh[?$z[?R-Z?̽VQU?U]?fbS;`?Ybc?ђb?al4b?Rc?^d?&-^e?r>yg?E}@0f?!.xe?bGg?Ԋb? ߂u`?\?R?\]^?9@`?T0d?oG%c?:xUc?+c?c??c?^/Af?ܥLa?p%e_?@pU?1[?l[?l 8 ZӎUĭޙà/7ߘsôڱU z;V} ҾYDZEr軌l絣5gp%6=rr΂+n hRLս{Ʋp?*ƭ| Dw+qcG 0`4]PHHSx߿jagqҒֵ`Bj DuVTQ> R_‘4#;%ʛhH>#?ܡn'5U6׾0NK pC"Arial1 2016M07 => icng...NHP|}`~~y~A}F4 y ~9S3Oc8(2/ߙQ4 棣Ħ9ȩa(ˬƯ԰ C? ȀlC AUPжlo  D F.4 #"J|Fl m,ixxxle&צ r s eZZ  x s6@,<"Arialwf1" has changed! R1/1/1900"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arialed: 1992M01 2016M07 => "Arial_rgdpw / s_n_rgdpw(-1))-1 Mx 0 S_Y_BFTC S_Y_FEI S_Y_FI S_Y_FOI S_Y_FUEL_OIL S_Y_LFTCW S_Y_MWT S_Y_RGDPW @ 1992M01 2016M07 @ 8 8 8 8 8 8 8 8 !MD "Arial1 2016M07 => O%O=O,UOlOO,OҳO|N}HZdppBtiZbt"Arial1 2016M07 => icng...ZbtiZbt 6@,<"Arialwf1" has changed! R1/1/1900"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arialed: 1992M01 2016M07 => "Arial_rgdpw / s_n_rgdpw(-1))-1 6@,<"Arial1 2016M07 => 16M07 => R1/1/1900"Arialed: 1992M01 2016M07 => fZbtiZbt"Arialwf1" has changed! ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => icng..."Arial1 2016M07 => 16M07 => P|}`~~yN}S_GARCH_Y_BFTC!c.YP"Arialed: 1992M01 2016M07 => Vc.c.eS_GARCH_Y_BFTC  F Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arialle: S_GARCH_Y_BFTCtions"Arialei / s_n_fei(-1))-1 ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o inOȌ6AȌ6AȌ6AȌ6AȌ6AVVL4 #"JȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A  @D&Aavapɒ?@?H?JfV?m?I?#?s ?rO(v?komYu?Ji)u? hws?zhq?"2Pp?L_ӑ|?vr?!\w?pߎo?-C=m?@>Hl?s{?:Jgq?4k?Feu?PAs?jkxj?Iɗi?/Ȁ?k?~~3h?nV?BQk?Щ #?6t?$_Gz?@Ov?&z{?@Ȥ*u?;Ҭzv?~j.*u?sμ#uq? %(͜p?=w?x7Z:v?`[q?Е_Xq?1&&o?A7ɒk?]8j?jEi?!4o?n\g?ubui?={Ge?]-3KLy? p?Qoa[*q?Ӳf?| j?Ik? nT.j?pPMe*n?9VB m?HBdžd?we>d?uj?G9 P?`):r?N+ ?y?@?Ǫm?j?L5li? o&En?N+dk?dG8yy?"h?Xq+2O'#5 '(#!,d&5a)"'P .Z. 8 - d O ykQRi 57 w mK5 {*#3qZ_'V| ^ ]_m2U{z hB_*gLUh]M J  8n i?/{<W&qR<us3%~ @U6`0T pC"Arial_lftcw / s_n_lftcw(-1))-1 eNaHPG"Arialwf1" has changed! ZbtiZbt"Arialed: 1992M01 2016M0S_GARCH_Y_FEI#)YP"Arialed: 1992M01 2016M07 => ))eS_GARCH_Y_FEI  FȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arialei / s_n_fei(-1))-1 R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arialwf1" has changed! ZbtiZbt"Arial&Estimate Equation...ZbtiZbt"Arialed: 1992M01 2016M07 => "Arial1 2016M07 => 16M07 => ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6AVVL4 #"JȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A  @D&Ap9a?}?A>cz?Sf?ym?$?S^~?E*nT?G̐~?sZ&|?#pw?w?xסa5xs?~,4mjp?k^tp?.k?IS3v?E?0?=nm!=M}?ꏥzy? x?pDIu?9Bq?;Ǘ?.0!z?@'1y?2Rx?,lu?ƿfs?p?Ǎr?Kp?n?] {? x?5LstJt?Γ^%q?I:8n?*|?@Hw?}xjs? >)q?{zq?= Rm?R'7Rl?Hah?. fo? y?Ýjpx?8r v?0x?Bt2~?f-#z?E@%w?:b )s?F5-p?u ښs?*u?7uE r?*ˆp?47\l?%bCh?Hl?{z{fh?uq?j?h%;gf?vc?\Ehd? 6b?*8]a?lZa?x`?H5Z a?zef?a!p?GTr?|ԛTGr?[KU"\n?/gAj?YI#g?5Ҝd?zEMb?Iya?J#~b?aa?j4^?8z[?㽢Q_h^?xa&\"\?|`Y?2mhZ?OpY?S8Z?+Ew[? Mg[?VpzZ?n>X?qMYdW? ~(W?sE4Z?;~[?y]),[?{bf?Si?}?E*?,_|?*>7V?cC|8?@,?R %|?'W}?F?/?KmdF{?>KCv?/Cv?sQz?J>*?奿~?"nn?Vm? iX?޲ {? ~(W?f4?$5u?DI2e??2vf 16M07 => e?NHP "Arialwf1" has changed! ZbtiZbt"Arialed: 1992M01 2016M0S_GARCH_Y_FIs%%YP"Arialwf1" has changed!ation Te %%S_GARCH_Y_FI  1F?Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arial1 2016M07 => 16M07 => e?R1/1/1900"Arial1 2016M07 => icng...ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arial&Estimate Equation...ZbtiZbt"Arialwf1" has changed! "Arialle: S_GARCH_Y_BFTCtions $ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o inȌ6AȌ6AȌ6AȌ6AȌ6AVVL4 #"JȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A  @D&A;E??ed=?{@f?P3H?`ex6I?;@L?*(;"aM?.P?` LO?rJM?CK?K?eϞn~I?cD>:H?;%vH?ƻBOG?oE?$:F?çE?06C?RiC?LB?:)=A?g;@?*\>?sH|~>?5>@@?XKOF?UE? #IC?_ E?k'D?\e5YG?K΂G??&RG?i|H?53YF?ֽȰE?:,>D?$|C?N#/FB?Z8#-A?/@?56A?U躯D?D G?ڈ͟:F?>n D?}X`C?ֿiB?nB?d A?CޑA?ق㸑=B?#4A?VC?!(D? PC?tD?1 H??>*G?|2G?xA)G?P+J?JLoQ?qHݸ^Q?@xB$CP?exN?DuN?:H-O?2μV?5(V?;N.f?,d?c?\duJg?[f?ZF]e?Ní59e?ABwe?f^5md?dd?!#`Bd?ьZId?a$b?h!;b?O`a?}e`?sf_?R(]?0y9\?E DlZ?/ŠX?Ϣw8{KZ?(I~GZ?yY?EQY?/X?x¹zX?ѹ׃W?ow@V?D43X?JW?CŻkOV?E͒T?o-S?.AWnR?mjQ?$R? wQ?!H]P?UqP?=.jO0P?:2LO?X5M?׵=!L?ӤgDSJ?֤)W?ӗUW?x`\V?KU?l-YT?MgiS?bzQ?jYP?\F P?=KO? P?4Z'N?Hf'oM?[9Q48L?HLJ?,ZI? A2G?#dF?!)VE?-]H?_ GF?.rE?yw-9vD?D?@R#D?F wB??W!D?*C?j^˳C?:=%\C?dr-C?GbB? JA?@?_ҟY@?uDžň>?J9>?i9 :D?;B?_zB?{&B?iu\A?of@?@? d@??e??ƾ$A?c_wA?*;?\duJg?&Y,AM?oA?? ( z\EU`-a(%"Dw!![  % !u"+/8:4.B*e(#! 3C@9 {`9 @C}6SO& c }iJL   >d!C>"V#Lx%/=?r8Z23r4^p[A߮kmJb"{≖~tjturqj:ic\gmc[\+T3LRE?7F?><:8C4.g+ &!fpbZXPI8Bg;*74G7j1F/T-((#a=U[wN{ pe`q J U60" bpC"Arialwf1" has changed! NHP}$"Arialwf1" has changed! ZbtiZbt"Arialed: 1992M01 2016M0S_GARCH_Y_FOI#)YP"Arial1 2016M07 => 16M07 => *'))AS_GARCH_Y_FOI  'F'Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arial1 2016M07 => 16M07 => R1/1/1900"Arialed: 1992M01 2016M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arial1 2016M07 => icng..."Arialwf1" has changed!ation Te'ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o in!(Ȍ6AȌ6AȌ6AȌ6AȌ6AVVL4 #"JȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A  @D&A\?Q@[?{-[?iI4^Z? WY?^t W?LdKV?ԥY?W?s ͡V?^0=IgU?Q$;T?|S?S?aQ?`;`4R?bd%`Q?U]U?aa?R(1`?;'^?t ]?+U]?Ģ!O!^?Ђ۩Bk`?($¿`?Z ;-Sc?Tbb?ƎKԚa?#`?v{S`?W h\_?4]?e&9/\?߳?4Z?Tija?ʊea?n)`?yK`?ak7_?.>욣*_?Gw]?i Fu[?٭ۍtZ?PY?Oe: W?y\}V?BlJ2V?B^U?p9sT?*('ZS?f"P~S?1ƆR?bOQ?FR8wR?HwjT?ARVS?zOsiR?.ijR?0nQ? 1S?z$S? [տS?=r~0S?zNR?@gP=V?2\+V?>̈ Y?jZ[X?wj,5Y?x;̧Z?(b21XY?UX?!-9W?BtX?YX?q d??;dac?/i;s?v>/r?Jrq?FRu?u?쏻t?h"djw?T.qtw?9Ogsav?+Zթu?Be6v?Mv?Vsu??}‡yt?@4\s?rKbOr?fAq?p1p?[jo?'@m?3l?>8}dk?bl?>4j?7Gbk?’k?"Jj? 5i?Ql h?}\/՞h?lYg?n>f?ޛed?ӂc?w b?]ׅra?a4OGb?~a?y a?YgGa?*OA|`?MGh`?(=`?й_^_?mh]?ڄ2c?n% c?.b?ZS6c?ZJCBb?a2̴a?6\Rw`?3;_?c`?x_?V_?[`ƪ"^?~Kl\?L`^ćr[?ajN\?Z?˼6Y?N2X?k jW?'X?0tY?ڨ*X?PV?mayV?&pW?Jn@wV? AX?lV?J^Ɠ:V?󭔅NW?^@U?SRT?nX7hT?)XVS??R?:^DQ?~\P?0>`?YݴQ??h4#B o !%;r61f-(9%+!c ` !/s1M;6N:X6g:86191,9);&'#| S~5Tj Z +;50 .,0 7s9HC.>h8|62- )$ =?9k8A42,(#e-t R kE  P %K a$} t LH"Xڰ5JtִIlT}yu y{upGhih`YaRKE??B=:;994844.I+&h)%,"  (v1M   w Z U6240&; bpC"Arial1 2016M07 => tt &Filter..8'N3+HP="Arialwf1" has changed! ZbtiZbt"Arialed: 1992M01 2016M0S_GARCH_Y_LFTCWK2YP"Arialle: S_GARCH_Y_BFTCtions?K2K2tiZbS_GARCH_Y_LFTCW  m@F{@Ȍ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...]@ZZMx E` CȀlC AUP 1 lo  D F dl m,ixxxle&צ r s eZZ  x s`AȀCn tAU o in@Ȍ6AȌ6AȌ6AȌ6AȌ6AVVL4 #"JȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6AȌ6A  @D&A|C)?8r )?d%v)?wn(?J(? R3)?]N5)?(?( ~Z%;)?2y)?e)?B@J)?&C(?q=)?Ś)?jZ(?b=)?ͩԗ)?_e)?!˱)?ꊶ)?y*?P|7]*?k4*?yN+?+? kg@,? o,?|2lj,?]dG+,?m k,?>,? 2e-?-?{gކ$-?Nw-?v.9.?8-?D-?,?CtI-?E w-?vCt-?^q-?9yH-?.^ནv.?,0.?ZY5-?:woT.?cW˒-?zf-?M9-?NU>,?+M+?tK+?$H8_,?fm>,?kCF -? v+?׹;+?ZZ+?^"Qe+?*qyt+?.֤|)+?|B*?SN)?^*?7b|)?cٹ)?w>&?=E"''?&?ڬj&? BE&?}Y'?fn%?i_~%?6)&?jtr&?&?:Ju+'?N20'? '?et%&?!,F'?js휮'?r' (?qb|'?A˿'?5/(?"[a'?E\(?馤jG(?9l/)?'is!)?xCD)?V`)?G*)?Yr?4?ejR?{+"?hXǪwy?s?mn?(sw?A ?w{Y`?#e?5Ü_?>N M?(D.?$tlO?jr?B?\l?=?[e?xZ?%#??8ۗX?Ea?u?z׮?i ??Th ?UU?J~c?S#c?fB?1?\xƞ?0s ?Jrh??<~?9ی?$tlO?,0.?~e)"?m:5??Mͯnñ߱_購{- İ䳮ayàԥV٬E9ޒn4YCҎ0ԩZ|͔[ ǭts 0,OʐXvJ):{tdDiji%uIwTvtmhWRFQSVYVTP@n?rA|@m967Y7m,Q&3Q- ;:s cV1O}' 8D@<T  Y* y kPQu~WJt>  E8U6L0S pC"Arial1 2016M07 => ?NCHPU"Arialwf1" has changed! ZbtiZbt"Arialed: 1992M01 2016M0 fXtXtAU o inSu+ힳ/p2" 1*Ĺt (澯&Ƈ(j,W(j3.>Bdh+|x'J)%x@D (uED-̱*/#l)xH9S#@˦f~)f`x+.3xO0}0[0P dK4 =:AZ[' a$ &d6(,hh\Rfj TÇD2қe1|1ˈ~&.H FF4\$"JtF u٫:J3R?3`?/]G,HS?%= )hic0.5h)l8tb`ϭH0.ea,ߑ'}Ĥ* y/m X,co)^ (#ZL)P]1u:8DsB4v,n36@,<"Arial_rgdpw / s_n_rgdpw(-1))-1 R1/1/1900"Arialwf1" has changed!ation TeZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arial_rgdpw / s_n_rgdpw(-1))-1 ZbtiZbt"Arial1 2016M07 => 16M07 => "Arial1 2016M07 => 16M07 => XO}' 8D@<T  0 S_GARCH_Y_BFTC S_GARCH_Y_FEI S_GARCH_Y_FI S_GARCH_Y_FOI S_GARCH_Y_LFTCW @ 1998M09 2016M07 @ 8 8 8 8 8 bD "Arial1 2016M07 => icng...OO O%O=OWVN}[HZdii_  aatAU o inSu+ힳ/p2" 1*Ĺt (澯&Ƈ(j,W(j3.>Bdh+|x'J)%x@D (uED-̱*/#l)xH9S#@˦f~)f`x+.3xO0}0[0P dK4 =:AZ[' a$ &d6(,hh\Rfj TÇD2қe1|1ˈ~&.H FF4\$"JtF u٫:J3R?3`?/]G,HS?%= )hic0.5h)l8tb`ϭH0.ea,ߑ'}Ĥ* y/m X,co)^ (#ZL)P]1u:8DsB4v,n36@,<"Arial1 2016M07 => icng...R1/1/1900"Arial1 2016M07 => ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => entsZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => tt &Filter../aO}' 8D@<T  N}AdP(S(t)= 1)!.=P"Arialed: 1992M01 2016M07 =>  g=="AP(S(t)= 1)  mhF{h6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...6@,<"Arial1 2016M07 => R"Arial1 2016M07 => entsZbtiZbt?"Arialei / s_n_fei(-1))-1 ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialwf1" has changed! "Arialei / s_n_fei(-1))-1  bhh(*r8H7)\)Xp/*Ӫ '`Vë$>*&O 4E&A>+P4rQ.U;2`ugP;M>Np4Y=1]UW7>^ ?e }0?`϶p0=I=pq?=<ͯ~?sy+HON6Lq7}pmx~C 5ת#1a7vDP9>d4kQ/qi8Gaߞ7Ҽ2:ANlG:<[|X;}(?K= YW9Rf60ssͣ:j=;ldU8/j=f>zq>0h2Ю>>Gm>?q}=/B>K3=,? lt?f5ѓ?u??Pz?@2|?=ج?OVh?;?:b??F?R?>3ܗ?~+j?"zt?xk?3'?Y-,?2I?"?g1?@G?~?Ͼ?ݙ?*Jv?Cj?Gj>۠q>B?T'?_a@P?1UI?m' ?x? ?2L?KH?i./?2Ij?満?+f?2g?Ż+?O)?/? Rmq?{?)?7}&?2Z-?6Ey?6,?lBiXB?ŀS?9?%VE&t?ocF? A??ZF ?!E?:?TS?3&Fq?urǛ?E;?˷-?xF3?UB? ?Y$!?QE?Rz?4?墰?Lzc?rb?F$? R?yE Yf?Ek(B?ƲU?)8B?$z?'&儗?`?/?pl!?~?csQ?8Qw?E?$+C?Y;a?|ΐ6?3`? ?S$?1i?K?yߑ?<.7A?eL?y?V~?aI4$?m<?֬?2?2 ?_?@?9? e>?!c\w?{m?8T?i'$?mT?UL?aƜ?#r?oy?|to?FJ?#?X?Vv?Cv??o 2/G֌e19YP0hg=Tqj]m,jZR:**JlMPTwCJA2]pm!)x}i"F6;S~JYZqspm.gXfjhac[_U@|h9\^_F]>K5U6o0Sv pC"Arial1 2016M07 => icng...gNkHP>x"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => entsP(S(t)= 2)!.=P"Arialed: 1992M01 2016M07 =>  z==ei(-1))-P(S(t)= 2)  {F{6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...6@,<"Arial1 2016M07 => icng...R"Arial1 2016M07 => 16M07 => e?ZbtiZbt?"Arial1 2016M07 => icng...ZbtiZbt"Arial_rgdpw / s_n_rgdpw(-1))-1 ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arial06!Buttonest"Arialle: S_GARCH_Y_BFTCtions }{{(*r8H7)\)Xp/*Ӫ '`Vë$>*&O 4E&At@:???? 8???<焎?Ps[??p1??e????????????????1??????0?? !?ٜ?n???{,|5??Gt?h'?ɌPva?kBq?0xr?^ or?~!4?N?6ZM|?q?bNuq?geWl?pjGk?Q7(f?0q?L {?26݅l?zd?6Y,)e?mYj? jͶg?+'Ec?^) d?=`\!p?KF:f?p|R0AWd?ٗ?kq?T>m?Sl??zݠ:?ׄ-?#Pr?1d?|f?kg?&;r?XT_?˨hhs?ͶZ"k?EzKm?XәVZm?t}r?"6;x?Au?xui?VVIG(p?Ok {d?."@@k}?s[v҉?$Ds~?[ʺ 4h?ø|?2?h27?Vv?` cp??*U7{?1r؄?D"?&m?-/??>҉?O;?d*?>8 ?KxȖ?0p?J,/l? bwf?j]?`?GP`?!]`?H c?{2rr#?b,**?u22?xԜH?{pr#?<) U.?h@R,?]kri3?](4?^3?w^-A?Fm _0?%"5?AUq@}A?LZK6pA?tD?3|E?B RG?2TuK?1-S?E32V?6+]P?H^?:jr?܃?$o(n?JCrS?TuS?W? WYT?';ב?q^?^`}m?hͦ\?Qs_?zaOb??( ms?8.o`?e|Z _?@җ_?]O`?a?EvOb?jAd?S\[T?q?.y?sTT?c},ˢ?8k?;{h`?>brXa?`?Qg?1LEF`?Xa?Ȯ(+a?Hg}K?n:?8L=W?}0-y? Ov?s5f?'c?AΖc?}4c?>Y nd?Ⱦl?`s)e?ߐ?yԲ@q?SP~p?$5g?=)S[Xe?p[Bd?ue?sGAe?e? s7f?2Ff?bޜHg?@C\j?4v(3_?%߶܎?Zk钫Vk? ^f?9cf?t=f?RLi?ꃋf?[j?OnBh?xԜH??K!2??v??Ђ;ZX)cW8kk cWbo  zenH&"D p Pwtw    !%-CL7hEDDSE(mep wnps}DVbtyus~zBLHr5U60n bpC"Arial1 2016M07 => 16M07 => e?zN~HPY"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => entsFiltered Regime Probabilities _ B"Arial1 2016M07 => 16M07 =>  B Bs  F6@,<"Arial1 2016M07 => icng...R"Arial1 2016M07 => 16M07 => e?ZbtiZbt?"Arial1 2016M07 => icng...ZbtiZbt"Arial_rgdpw / s_n_rgdpw(-1))-1 ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arial06!Buttonest"Arialle: S_GARCH_Y_BFTCtions6@,<"Arial1 2016M07 => R"Arial1 2016M07 => ZbtiZbt"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arialwf1" has changed! ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arial06!Buttonest"Arial_lftcw / s_n_lftcw(-1))-1 ep wnps}DVbtyus~H v2"Arial1 2016M07 => icng...OxO$N}HZdA8BA8BA8BA8BA8BA8BA8BA8BA8'#PJp|Wr?|Wr?D&AD&A*p|Wr|WrD&AD&A pD&AD&AS_N_BFTC ResidualsQ1P"Arialwf1" has changed! :Q1Q1R1  ԘF6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...6@,<"Arialed: 1992M01 2016M07 => R"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arial06!Button05571)ZbtiZbt"Arial06!Button05571)"Arialed: 1992M01 2016M07 => f((*r8H7)\)Xp/*Ӫ '`Vë$>*&O  D&AOIL(- 0.rv6FH 8*,Q}l.8GaX.C2?s\Kb*{E`?ۗwT?B0U?6[]yh?&F@?q"9X?,ZrgBgRަs`&c? E8NV(S(] 9n?]R-oY^eR")(;?rؚc=dq™}X}`?X"-g|̸kt([H^32NtfNyd?c{q?XIq>^?RuA?=T:4Pu?xa:\0NIc?.*я?#qj zoi}~oepO* c?Z? I?uP`*9@kuQ?֞K{a?^y$G#»\?K,mpµOy?Zs2:zq^y.ctt$?_Ua,f?pw0?Y69?ȝO*@L=TjU?`$$F/Fli77?})lX62?W?!%YvxY? Ǯqa Cfu!=j7EMFwP}V g? CgAu?M"b"rm?ˡe.S?0*?P߬a ?]&X0y? w@q?B;W?7mw?3U/_j?ș4l?0p?&E: 9e?щMm?D>5v=2U Y?~Jh?4@A}J,6|Nmt Vei?p)8p`vuT?wߴlP?zh?VÒu_nٮordP95HK?SH+X<@{&E0g?pWi崶d#5c?H+D{[R*Votc~ d?ē r;mLW?F%ԏM3Man?Y7M?Ny?zq?Mun=ab-X?o!B?HT,>?XyJ.s|QK?{)$Z#`?n\t? PuAIy?V- /[?q]?V+Jg?t_/4St[e?tWPYE? xuT"єxz?6zb?$hn?@Z>a7?("R]d? }Kq?!Uf+0rlm4V? SNJY{ҖVN Au?.r <<:wq??HSBt+s.B@ė^yb~fZiw~d~nz(>h'y11Cwni`cjo?(ғe؇bx0wqً8~чjW暣!ufnov܌f-S`oՅlỺrڔVóg̯۫¢j5[9xe{u(v7ee\}ڥp?xT)\^ŎٱP/ÒK5m<wVس<"Rr'UX#s􉲤Ǣ卆[.mVţ;X?{ W{Ռ\y{5U60ʦ pC"Arialle: S_GARCH_Y_BFTCtionsqqXqɗMN:HP c4`"J԰ C?]4K!Jˑ{j]]ZQ`FզՀu״گ۷!Bodp@@$F&A$F&Ao"pJC&AJC&ApD&AD&AS_N_FEI ResidualsG"+P"Arialle: S_GARCH_Y_BFTCtions++ed: 199  F6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...6@,<"Arial1 2016M07 => icng...R"Arialei / s_n_fei(-1))-1 ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialbftc/s_n_bftc(-1))-1 ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arialle: S_GARCH_Y_BFTCtions"Arial1 2016M07 => tt &Filter..(*r8H7)\)Xp/*Ӫ '`Vë$>*&O  D&AIlCՒqfj5Xqn)@sΊ@,hF':?Eʈ@4&@.ԑ?ѿJ Pi?6€Ao }4\x-gb NW$@n@x)jQp9@A=%0p?4~Y?S.Mc(0M @AnX@K W? M@2c?3p?3"B @/>I %`tN8پ@kJ?E.s>z @iHe@H{??l?zFcKX?ڠ ?دY?|y]g=% @mb @tC/@*xC@C(=@vxg:Ƃ:?h7"*z69K)2?j'7NIZm_ǖ?0z-wH?t[?jln@*Sc_ ?R,"@‰s@m @) @. ף0 ƧGY2$@~gtkv~; @[X!ݕ?l%d @ aXb? <'@KFQ#m+)CxN1Cc@|Y@&/K$w?l@ai0u?xy5V @Z "P$oڿ Xk?Hp=h#{K Zr@@A/FeC?H-k؉1jA @GN@ .$hʤy @7q @,y͆@Q3u3 84-n&o[@ ㄙ!k/Eը,@B+=|@`@!^(?3+՘:hv7a ~F ߝ3?J0@F~˼L%,4R$@~gW?&.(@[^&0@ݟX>"ThmU @Fx ^k& @Z#`?B(@=|a@Q$ @6:'@+0@.N9Eo?Wn@l܀ql?sJ^@lΆ `x@rsbnv@[ @܎V,Z??B!@;,r#59?wt@ۃ@osy @w @kXz8@png^@`2]?U,Y|B/!@Ej@P , 'Uxgj @D6n?Ξi%02 ݪg0'@9@`@]~t@Y2w @]y/ @**gv n@Dhm YXD XU0 +ָ?V @#@@5 @P W-z`?&e/W &qݜ<:Q-f0a$$@9'-FH)@T1"# oR <`l׹^@!NeW~ CWn nh @bE1$@/l _A@|@ JpQ忇x]1 ՘:ߝ3?J0@ V،@?8|҃4ɏiB#z/ITw{ܫؖNszM79ҘΙ<皭Gf {vޟGÏHfqu:v}:Evܛ @ecĀm2 a \?jTqMh/QyrRYXxPeL,ɢZ…<q2p.w \2M p~ZWםك_ØsHwxP}FU:5L! Bv\BlEü/qA;z+CDwLåĝK3epQ6o+qv_)J$v&n?47?Ri`vjyv ޏeU60G@X4CI8 @h" pC"Arial&Estimate Equation...qq%qNHP pOS_8^@OS_8^@4E&A4E&Ah&pOS_8^OS_8^@D&A@D&A pD&AD&AS_N_FI Residuals#(P"Arial1 2016M07 => 16M07 => e?((-1  kFy6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...6@,<"Arial06!ButtonR"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialwf1" has changed! ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arial_lftcw / s_n_lftcw(-1))-1 ZbtiZbt"Arialed: 1992M01 2016M07 => "Arialwf1" has changed! (*r8H7)\)Xp/*Ӫ '`Vë$>*&O  D&A_N_F1) +A"Ȣ?R5;<?휡,DHA'B_2Ћ; .@z<%!96_8t1FmU?l| Kjc'tBPOG@?tƺ?RC`i9aqB?pȘ"_?I$?((?uu_@hfAިt?جdlԵ?fliX@U9?6 @ygAjtйIS?O?h ?P>j1?N/?T64b?.%[>L?ns?ɸ??B \?pk2߰ XԫU`cp?IJ8¿ eAпmjH@jx3ґ?5g@gm ?&Av#p ?Е @΄Τ طq =տtUII)9?Rif"@":2Rq|W9X0&Y @*\}@nérJ :zX@HyYi '"=!@ 6?`FN;I`5y kV/? Gk _D ҿDS@($M @n#@''p:@9R8q?HL @u|E?t?A.NdxX @盖]8ʑ??wW-?{Vgϳk3ƪb>U#B'^@)@! entso,o,-1  7FE6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...6@,<"Arial1 2016M07 => 16M07 => e?R"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialwf1" has changed! ZbtiZbt"Arialle: S_GARCH_Y_BFTCtions"Arial1 2016M07 => ents(*r8H7)\)Xp/*Ӫ '`Vë$>*&O  D&AOIL(- 0.1U%?xNS?4vGM3'?:uHm\gH@,Y?@=O:xB?=Pj?1lO]L@?. ѿyB?l뒛.Ca/@T񏪚=ΈÿFC?& ;濹Fe;?b @N3*k ѿkW]ݣq? qU {t @t:ÿ4<?ԉD@5BUS? T|> @c<}?qcrqph$G"?<9Z7?`k`E`ֿ7PFb|Nſ3;.W% ڠ ?G=sF7k4W@ icng...qKqq-NHP rh?I +Mb?Q?x&?~jtzG?jth?jthHzGQ?Mb? V-?I +?0vp&1?5p'΄?'΄?D&AD&A?)p'΄¿'΄¿D&AD&A pD&AD&AS_N_FUEL_OIL Residuals8<P"Arial1 2016M07 => 16M07 => j<<  F6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...6@,<"Arial1 2016M07 => 16M07 => R"Arialed: 1992M01 2016M07 => fZbtiZbt"Arialwf1" has changed! ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => icng..."Arial1 2016M07 => 16M07 => \(*r8H7)\)Xp/*Ӫ '`Vë$>*&O  D&A-1) 6023p-z6HFxDe*OB&?_[?"sBc-?PRW.?u16?Pgȧ?zp//m?5?TXFle_j3U<-?^?ōV&=?-?^ &m˼W?̟캇?aqbW,Mi ܄]j1߀u?2/?уw(w ?l64?=Ͽ$mXÏ4s!1h?l{摖"kSخ?)6?|t?I~d?\ѿJqJD~? :?j?$jD? y_^QsͿ=! ]o?kĜ789ɿ\- *Ͷ?^_ M?qSj캤 ǁ1?ٕ5?{_6ƿAśο.:?vcuп*Řt?{P?p;1Q {?:(?о(o?\v*0d"7zHI6/?BS^g\ C+ߥ?l }n*t~Ŀsѿ&.-3ҿ=_QIF?Ƙsؿ?@_U\?3dV`=˿ ,Kk?܂??YǓ¿lǿ4? lH?Dҏ??M2?8G}?ץ=aӿX0ܿj?%(f>l<"KR??P5fr wscPp̄>K_,vy._,kbGjfs}X\eu:dhv䃬ge6Wrttdl҈{nx~auю\g}iny_apYcFuq]iurw }|`f[mn-vr}賂_U:y hC܄mėI7~kz3r;}nzku|qVΛf'\nePEaD2<t jDg[C^~[^!ϐqCd焀lCHQ s:7;{v4ʁsnRKX<^!|8OHSpYa6Kqxv ]U=,JqpcRo9֊YOgU@ 16M07 => qqqNnHPp]u h?]u h?D&AD&A&p]u h]u h|D&A|D&A/pD&AD&AS_N_LFTCW Residuals95P"Arial1 2016M07 => icng...;9595s  F6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...6@,<"Arial1 2016M07 => icng...R"Arial_lftcw / s_n_lftcw(-1))-1 ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arialed: 1992M01 2016M07 => "Arialed: 1992M01 2016M07 => *(*r8H7)\)Xp/*Ӫ '`Vë$>*&O  D&A) + 7190Ė9*erh$aĔʿ;?haBz@cz6p?ZS:vп8Kҡ?و?=[8?S ݊?$w]?ÿ6} -.?grD?/Ī6a翳l#?Ee>?.V?)?rvb]?G"VWu񿬑]BRdN2IFe?@@ӱ1)ޭL"?D|]?5 ?4`?aۿl:X@Vxߢ 6La~ݤ&oLA$n.2trNl?Y;nBM ʏK?B+ppLE@n _ſzTKwg?R?wm? ^ cKί?-$??5=ۿ |B)?$eM?cC@J3t@ZD(ƿ;*@wZ?5 LIXp?n2-]f$iAgc?<%E߿@ؑG CEѿjT'?g ֿ|- ?Aтؿ1y)sOvj52i9?]"%K?Jn?ظdZp?ٗ1to,ؿvs1>.? qqYqON<HPpB Mm?B Mm?D&AD&A,pB MmB MmD&AD&A%pD&AD&AS_N_MWT Residuals W0P"Arial1 2016M07 => 16M07 => e? W0W0ei(-1))-  F6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...6@,<"Arialed: 1992M01 2016M07 => fR"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialei / s_n_fei(-1))-1 ZbtiZbt"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arialwf1" has changed! "Arial&Estimate Equation...(*r8H7)\)Xp/*Ӫ '`Vë$>*&O  D&A"aImΈd=J?aI2Zpl!+ْ?9LϢq V?PkKuWDVK̿\ yiچzI_Ėa5!,1[V#Z?BZ˧?a?))NO?B=܋x͹%/Îv~?Ibڇxľ݋?Ԙ:wNnz4d/jhA(?D˚ᅒ?} )JdU?ɠT/?79z?)GFo+@Ѧ33tZ^܉: ?&ߜRrvd?rA.?Ŭƫ?bl)?9V|Eȥ?2ǿo:Ɠ?cI^Ioۣ?c[E? {Q'h?1۾F~Tdj|?1uf_|:пPq֌tVmri?8 Aʬ}Z?̥&ja0=l*wg|I嶆Ҕ|?6Ŵ("?^^xG$;Q?~#|i~L' 8'奿sxIF*ͦ~U:iH÷~?^4?P P?oRM?g͇hힷ 7'jc(i?ݲ fa̿NFr?Eҽ?0 p?;3e[?N "? '6?B u RΚ~7Fbѹy8;?" @-?2Hӓ?xP?Taw?@1)+3LHѰClג >o?+Je?̟Wu?8~0J?h(2V?3ے icng...)66"A  p*F~*6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...6@,<"Arial1 2016M07 => R"Arial1 2016M07 => ZbtiZbt"Arial&Estimate Equation...ZbtiZbt"Arialwf1" has changed! ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => "Arialle: S_GARCH_Y_BFTCtions*(*r8H7)\)Xp/*Ӫ '`Vë$>*&O  D&A}lq`%+M9pQXaݿ$CʘKOB}rr(6k_/~?Qʾ~x?,ȗ?qY8QXj6g){ v?w#8,G mS?Lm??d 0ݽ{?~2s?1)Lq?coNPWߣϡd?n>au5s*=螿H_m}PJFz"@?3?_![jId"/?蟦p?G=y?uVxۤHP i*Qi? A:T?9N?T6X}$?)i6b s?2?@y,畿\c%Sx?hE* D"?k)e>?^r Ƣ?s?7m?3Z?]j?H"?0Uy=Ϥ?n?S?B @M77S ?8(@a?H? ٭UC?P/X??ȩ֭j֤?r㹙AƧ?}lтQ?1a?~e~As?P*UH0ٍ?$5?G7N?nFa`LaqNr {6$̏?aa 4;ͧ?illﳿac}i^mpO|\ϲ?ܻUx?߬J3S񚓧Ӌʁk?Ga'~Sop?u*3 ?6R1Q4?U?! {?gGaf ?'hCUk`3 ™?lobx?ܠ)~Y?w2{-T%"4֭[Zm3?ÃJo"xa?Xc?,t7~?կ9Ԉ? kYjp`TF?-b?;^-FD Ėv #?|Zv?h>(To?kb.^?mJ]}?poЩa_ ?U-+)L'Q|?69P<8BӴ??1uo[}(e~-ex9·c~}dE|Y/Ή4t<}| R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...6@,<"Arial1 2016M07 => 16M07 => R"Arial1 2016M07 => 16M07 => ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => "Arial1 2016M07 => icng...=*(*r8HK D "Arial1 2016M07 => 16M07 => O]WO]#O]O]O]O]YO]%&O]:N}@HZdtiZbt"Arial1 2016M07 => 16M07 => e?ZbtiZbtCointegrating relation 1  'FF5F6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...6@<["Arial1 2016M07 => icng...R"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arial_rgdpw / s_n_rgdpw(-1))-1 ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialed: 1992M01 2016M07 => "Arial1 2016M07 => 16M07 => e?F{F(*r8H7)..F4S$p#`Vë$>*&O  D&Aەm!? -~?H {^>? B:9?hWr]"![?m?\HKq À7/S` '@,M>m@(˻??\}?W0AYBSPl /pye\? @v?^O'?!gM?@ =3?)F? 1jr?0\?N u?Hͤ?\?fW؇?V?fs-p?x/u2ӑ?​,K?ҦQn?}~d@t4?|r?GDgPQ?rlK$[*A!c?KZJL@xJJӃ?q?? w?OT+z?`OՑ@:p3 R_vEDYp5;a_ \2[?tL~`4?K1 䏿樰]?P~ң?vZ?@Fymz@aܶoϗ`p ?T=\\fҹzl(3 .fƙ`GsGT -s:5y ? HH&hǡ? feR`E`Њ w5 `r~;_ &DRB ~/-?s֖?`3zє0yWl#w@en"A3I1 wEg;Or:.fe~m6?-in?B֚?`1?Ghˌw?47?`?qm@&БUr?[c9%%#@Ոe f?h}?h ?<=&?(<>?Ц?.՛? !?Xc;?'@Eʂ T5ZMmT19J;TOy1 ȰL! 0D;c͋R?XTfl@,`ƣ- 7e Bb?{c``@[-*86|$Znޗ`.|94QDs*qd?n۔@4X?#+3?@HKr?@ ( ? Jn?'б`X8*?@Ǡ"?` s?Z{dž?4!XV^r?@BN?a߅H (2N1 ~ơ?>s3T?ƀ)q? 33?:VuЇ\>`%-iBq2@ ū?3=Kk9z?@#mX?p6ҽ?"-?'?{FO?=sэMlo K[?@y?0?aCf?{ b`@8]H?IGq`cf̧w?R>v~h1W?<оڙ?U<}?Bhgo~r?Op*?$ۑ?7b?٨??87;?UP|?$.i ?Qtv3֌.l?؍݂^L!h ?VH<갑??oMz]i?*z{s{xVc]Y0\K]&'wu 16M07 => e?NIHP V"Arial1 2016M07 => 16M07 => e?ZbtiZbt))`40$"JCointegrating relation 2  XFX6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...4@<f"Arialed: 1992M01 2016M07 => R"Arial1 2016M07 => 16M07 => ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial_rgdpw / s_n_rgdpw(-1))-1 ZbtiZbt"Arialwf1" has changed!ation Te"Arial1 2016M07 => icng...X Y(*r8H7)..F4S$p#`Vë$>*&O  D&Ax:)@j:@T0?ŵ?F;if\@ Ż#pSm2妾o@F!* `-#U,D)i'Po y4O0 ~@O@`0+b#@EZL?.e@!:@[pJ @ΦT)o6 @@ -$i4@*Rj1AQ*7I+M5dQS v @@'UF.@t8p|>py#2w]#EQ" =T #GL8T@+d@łw@@ ҦMU& e }<"@?B@@ %.%:IE@@=f=!xZ;?`R:(@9S@LMƾ@f@Vv@e6? ‰}1@M >[\!` :̻o46@P@ @`rM$@`#]6@XҳC@JF@~3@Ȅ1@\9n@@sl@Mn9#1D*۵t@9yF+8p6z?0_0o6% 5>;y@4P@~I?@EmJ @0-7[Ы94$igFa%@D?N/@8Ow-h{|5?rc9h@+$0% 42 'L|@@#i "@0\()@s@#@W@\+@+>@`$'+#J@P*lI11@@dm+@`e 0@`,K!@N:j@̌Jt0X#jk eh&@);a @v>@L5@@ X@̕t˯'@GR#@Ay{?Ub0$[2@`N*@`[U)@"CXC:/@@*R^pKN? M)&!@ض`K̿!w_@!@@v6@q C1@poS6@ 3|}/@^'@li@ Vo@~5K02T @@u@NlF @ݶ f?@R@Y-L~~(@*R(@Ȥև@`[3B[w @+S<@`H#@o}#@-@`9'&_4H og9p|>JF@íD+DdS)@?`7Zrb_p%BYjsUA7:`#D3 2^_IZj^XPb&}y!vOp˗q`Zi:r9}mqcq~3uoi6c@NtJj5~cQFEZ~UDP,Xo4bwyhM(zr2S yXJ5"[%Vl['@NC)BYL}ppv<[}Kfmf>lI>E`.pfCYtc)RD8yem_+vu:*aR&S4N`->xvHqdzK\5GX@Pie F1c,l?%:iiM}NrRlq;4s$ߋDM GAkLX=l_msTvbSFR].Ia|e_6{^mq"lF%UNKpDfsuyi~{>00U6_0f'Y"Arialed: 1992M01 2016M07 => N\HPh"Arial1 2016M07 => 16M07 => e?ZbtiZbt))`40$"JCointegrating relation 3  IkFWk6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...4@<"Arial1 2016M07 => R"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => entsZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => tt &Filter..ZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => 16M07 => e?0kk(*r8H7)..F4S$p#`Vë$>*&O  D&ArF;N@9^ HT#yJ*7? Κ#P<B@`N͘ݿ%->"@.eS@ DKT@ H`QS@@\e@GV@c5@'1@+fаV@0b*F @R2@gRHz1@v9@cB?*Smz7ZYέ`5VlbD& :@4``RQ@hIU@&V@p]_`.(E57@d$-?"2UB@@PkfD@q9U>(\@Rf@`r-jGY@ m@22ub@}/@SE2K )W@`y׶S]"8K@K4P6/ aA'Rw']"R@; V,@?;P@^<>@Y?%[`#A@C@:R@@$E@d=o|@֙f' UEFRKs{G@t\Z@`bX@@٠#F@zY1@ TS@@$-qVC@z6@4I~?_i5M@Rs!@Ě(9@@!8H@%#@-vLE@@,lB@yY%.E? %KSERtCe^`^"P N#[@K)E?[\`b2Qe#;N0@#BsRZRb@!I@sEE@ T@#3^I{j@F VOmV9R@e7SCCBRC&y[@@'e~L@>eO@2.qd@t1@ Ǭ|ʇU@p_L`@` dW@P9Bi@`gOP@X ӿlF@&[IG@iE%>@fS@`xQߑY@~P@3kJ@?̏:@ QWN@D%g @e2q`>1k^P'bQ/@@4H@Zck @.X0pQ@{<@7CB@{q?Q<A(d⿀ww0@`MkT_͈R@/}uH5@3`z>\@ g9M@W~N IR-/k:@\ϦMPzC`@Om m@w'K]Zփf|R@?r#O]Bi7XxiG|}(1.a{(hyPC5Ks3hr4fTjЀ'jmZQe\goweCfp~}äUX5HioвPeh]Pn39sPwUjDDt2|؎Wz=sSݏA„n:yޗ}~syS ;}XAc? VXkpRO_nNr; LSuefd\oMB^╚ta砅>jUA{jՌnślqGxZhMmc}othWz<}`Iw`g%yVI\ԀXmkuV <<qQbM-Qrl4yWVi; sOz·Uyzjxہ$9.S5`ou?U[YSw»U6[r0?yȌ6AȌ6A_/{܏c"Arial1 2016M07 => icng...NnHP.{"Arial1 2016M07 => 16M07 => e?ZbtiZbt))`40$"J  }F}4@<"Arial1 2016M07 => R"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => entsZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => tt &Filter..ZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => 16M07 => e?6@,<"Arial1 2016M07 => R"Arial1 2016M07 => entsZbtiZbt"Arialei / s_n_fei(-1))-1 ZbtiZbt"Arial1 2016M07 => ZbtiZbt"Arialed: 1992M01 2016M07 => ZbtiZbt"Arialwf1" has changed! "Arialei / s_n_fei(-1))-1 ~}othWz<}`Iw`g%yVI\ԀXmkuV <<qQbMYH"Arialle: S_GARCH_Y_BFTCtionsOVO;iO{N}'HddA8BA8BA8BA8BA8BA8BA8BA8BA8'#PJ~G??4E&A4E&AL4E&A4E&A:J4E&A4E&AResidualActualFitted  gFu6@,<"Arialed: 1992M01 2016M07 => R1/1/1900"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => 16M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arialle: S_GARCH_Y_BFTCtionsZbtiZbt"Arial1 2016M07 => tt &Filter.."Arial1 2016M07 => icng...6@,<tW"Arial1 2016M07 => icng...R"Arialed: 1992M01 2016M07 => ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arial1 2016M07 => 16M07 => e?ZbtiZbt"Arial1 2016M07 => icng...ZbtiZbt"Arial_rgdpw / s_n_rgdpw(-1))-1 "Arial1 2016M07 => icng... PZZYMx `E I6)21'f9G>'m)>"'Ƴ='n1t&  4E&Av7uUv?~R?j?Io?nGT`dڛ>?fFG%C )q<(CQ-b-PI 򭂃}W̓?D?(Wļ0ޅ?݁?]T??x͈?v ?YT,?!M}3?)?DɅ?p?-HW?!1Ed|?!w?s$Ol??X? ?8TZMFv3e?&׺r?p%k6W0~YpPº}ʬ^{ɋo4tz OT?B+r yLz~ZOP"}`oO|\6{}ǡ/Lr,!nSm#q[?'bȺz~LbЀG?HKD?W>B? rXE>e3%p?ЫǦgrnW@ DSjx(Lh[HIY[>N}HS5Od*aDEO}UbK3>G'`?/55GI?T$E?GMk"?N.8?O~EB%:(6tGXNAx [UUL+Z{a`?4>_"&7^WÍV[kZH ka',&|dܗ5gWDuY?>Lľݯa[R:Ljg,dU k>oSlOA"E g#)?oIoMb˕1`(@dlpemdrNNg~v?hw^Evrh??Z?")_O>K{L9OycDwL+3E[!h`Õ/ oؓ;jʖilf ? J#+b0 BH`5x0i0Qxc,ABaȉ/ta҄W6lٚX*b@La%Si/? 2 n/wQu8hB R?StŊ=sQH,UJc?s5T䀦P?ⴉs=B6& ' "7 )?LXg?ph0~VAxGVG$.J_NKdozR $0 ?d Sy*z?gBSR&z/pvP[.}1֛pS#Kc/C;Ji#iA?k0HnIyJr=EG[/ONod]x?Ѝ,W{QEoT8F;?\^TӾ(/j:BA6q+<$;yŞQ5g+H?!B)/":dZCz5y LxM-*?(Y}~% !Nj3/a Faj0#ROL:B?/}n?;A՟ P7@JL5NߞhoJH?'$ЙT '/=5R W+ rT 2 D?1 0?@=U@Y?? ..=*+"&P% ,"%mB52h7>X4]1B551[0w.V+|5;D#),M!W$w 'bMd$("#&9'''.&+! $<%&##$c$">$%*)K'('4&$^%A$:$#))O#$## #}""8&"$!R! _%! "D#! !!*7m0*']&;'&<% %&&@##"!k!c!! w!!B&"@#!"##$#""c$83!y$e$%%)^$'Z%%s&d*%]% %$$$%\&v$/O #\$%%%&$%$.8 &*&%g%%%F' %*$'X&%K%%$%$.%$&+%$$$%R$& $O$m?I?#?s ?rO(v?komYu?Ji)u? hws?zhq?"2Pp?L_ӑ|?vr?!\w?pߎo?-C=m?@>Hl?s{?:Jgq?4k?Feu?PAs?jkxj?Iɗi?/Ȁ?k?~~3h?nV?BQk?Щ #?6t?$_Gz?@Ov?&z{?@Ȥ*u?;Ҭzv?~j.*u?sμ#uq? %(͜p?=w?x7Z:v?`[q?Е_Xq?1&&o?A7ɒk?]8j?jEi?!4o?n\g?ubui?={Ge?]-3KLy? p?Qoa[*q?Ӳf?| j?Ik? nT.j?pPMe*n?9VB m?HBdžd?we>d?uj?G9 P?`):r?N+ ?y?@?Ǫm?j?L5li? o&En?N+dk?dG8yy?"h?Xq+2O'#5 '(#!,d&5a)"'P .Z. 8 - d O ykQRi 57 w mK5 {*#3qZ_'V| ^ ]_m2U{z hB_*gLUh]M J  8n i?/{<W&qR<us3%~ @z\?f ۷p?kd ɒ?7@j,?9o??U?9!)?]]?$j?X ?)=?Xĭ?eb^ա}?h}? 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?31)S1)ņFK@31)?pp01)6@31)mOiO?31)M~}?1)93σ.L@31)R?{pwp01)7@31)jaʕs31)ܰ"1))UL@31) ?vpyp01)8@31)\4Iy\31)'1) hLM@31)/f?pp01)9@31)%w脱?31) ڍ?1)Ӽ,^:M@31):x?zpvp01):@31)Jw31)p/0ӱ1)xN@31)Pk$?wpzp01);@31)|31)rd25z1)fcļN@31)pB&?xp{p01)<@31)-'<꫿31)y1)5?9O@31)`)?upxp01)=@31)z÷31)66휇1)}ZNP@31)@}K&?pp01)>@31)Dֻ?31){S?1)@P@31)z&,?p|p01)?@31)蓫0lr?31)H9딿1)}=o@P@31)XI{5?~pzp01)@@31)Nz R31)Av꠿1)0v@P@31)P;K{T@?pp01)@@31)*ZFH?31)SUet?1)XP@31)E?|p~p01)A@31)(ΓS31)4`yz1) 3w7aP@31)YxN?pp01)A@31)}]?31)hNs?1)hP@31)[O?pp01)B@31) R.?31)px^?1)"Q@31)zp~p062*@362@$tw362:́Qc`m622Q@362?>pp062,@362gDפ?3624~k?62\}(%Q@362v->pzp062.@362C$|?362L󹣿62 r&Q@362 A>pp0620@362"nUeX?362@'#?62̀|lQ@362v;H>pp0621@362ce~ö?36275y`?62uuw R@362lTuC>pp0622@362|ŵ?362AÜ,)`?62[kR@362(@>pp0623@362.8?362-v/?62sdTT@362>pxp0624@362V'DF?3622Hꩿ62[T@362>~pup0625@362KDw362=Z62kT@362'>xp|p0626@362-362F62c}MT@362H0>wp}p0627@362 h୿362>tc62`5U@362XS6>mppp0628@362}O¿362fn62bn%V@362>jpyp0629@362%ſ3621S62y2(Y@362=qpp062:@3625*362X鴭?62Z!Z@362=~pp062;@362jsΕ{362uD }?62㽄!Z@3626=|p|p062<@362fr@362(?362#R?62~lZ@362(=pp062?@362?362x?62>Z@362,=pp062@@362kOz?362*^Y?62a1n3Z@362X=p|p062@@362?è?362Jw٤62w [@362O>|pup062A@362W+362:;RRd62s^_#[@362@>pp062A@362-OͪN?362C7\?62z 2d#[@362V>pp062B@362Tp?362Kc5?62فfijo[@362P"> N N Probt86 C 106686 PAC06686 Q-Stat86 Probt86Covariance Analysis: OrdinaryDate: 01/14/17 Time: 14:32Sample: 1998M09 2016M07Included observations: 215Balanced sample (listwise missing value deletion)CorrelationProbabilityS_Y_FUEL_OIL S_Y_LFTCW S_Y_RGDPW S_Y_FUEL_OIL S_Y_LFTCW S_Y_RGDPW  "Arialei / s_n_fei(-1))-1 xxxxxxxxx +C22^      ZbtiZbt""Y40$"JQ|ex9xPP_Y_FEI _Y_FI _Y_FOI _Y_FI _Y_FOI _Y_MWT _Y_MWT _Y_MWT @УPS_Y_BFTC @S_Y_FEI @S_Y_FI @S_Y_FOI @@@S_Y_MWT @_Y_MWT S_Y_BFTC 0? _Y_FEI  _Y_FI  _Y_FOI  _Y_FI  _Y_FOI  _Y_MWT  _Y_MWT _Y_BFTC ----- _Y_BFTC _Y_BFTC S_Y_FEI W??_Y_FEI 4e9?----- _Y_FEI _Y_FEI S_Y_FI Ķp6??_Y_FI 4mH"y?4Ղ>----- _Y_FI _Y_FI S_Y_FOI ,vأz鑶(?Ҧ6+??_Y_FOI 4OLkM?4@>4RӼg]1----- _Y_FOI _Y_FOI P Y5f?WVڒ?!g??_Y_FOI 4}.?4dBQ;4ĝ,B?4{TNlql?----- _Y_FOI _Y_FOI kA?-?ɜh?Г_C.ϲ??_Y_FOI 4u?4p넭q?4e@?4J"h0?43$?----- _Y_FOI _Y_FOI S_Y_MWT 9D?_? ?2b|,@?yޢ`??_Y_MWT 4[?4|D)w?4"xE?4` X?4CN$?4Hdd?----- _Y_MWT _Y_MWT С42O?گ\W ( <@t}#҂?8jm?B4t??_Y_MWT 4Ψ?4zt|$x?4h?48`Ҷ?4m7e?4d e (?4vԺ?----- _Y_MWT _Y_MWT _Y_MWT _Y_MWT _Y_MWT _Y_MWT _Y_MWT _Y_MWT _Y_MWT Date: 01/14/17 Time: 14:30Sample: 1992M01 2016M07S_Y_FUEL_OIL Std. Dev. Jarque-Bera Probability Sum Sq. Dev. Observations  "Arialle: S_GARCH_Y_BFTCtionsxxxxxxxx ^2{2 2 2 2 222   00         S_Y_BFTCS_Y_FEIS_Y_FIS_Y_FOIS_Y_LFTCWS_Y_MWTWS_Y_RGDPW          MeanI=?R0b?sR oF\X?(v!?(2͇qt` a>h?q@6?k:?##X####X##Тp0ЧMethodethodethodethodethodStatistictatisticProb.**cjfv:4<rob.**crob.**crob.**crob.**crob.**crob.**crob.**crob.**c0rob.**crob.**crob.**crob.**crob.**crob.**crob.**crob.**crob.**crob.**crob.**crob.**crob.**cMax.**cax.**cSeriesct-StatcProb.cE(t)cE(Var)cLagr)cLagr)cObsr)cS_Y_BFTC<4ӊ] >3K3V-?0&@0.@0q@S_Y_FEIu!)4=N;3Pn3Q?00.@0Pr@S_Y_FIU&4y@*;3Pn3Q?00.@0Pr@S_Y_FOI8Bz'4%CR#3^I +3}?5^I?verageWverageWverageWverageWverageWverageWverageWverageWpIm, Pesaran and Shin Unit Root Test on GPO3_GARCHNull Hypothesis: Unit root (individual unit root process) Series: S_GARCH_Y_BFTC, S_GARCH_Y_FEI, S_GARCH_Y_FI, S_GARCH_Y_FOI, S_GARCH_Y_LFTCWDate: 01/14/17 Time: 18:35Sample: 1992M01 2016M07Exogenous variables: Individual effectsAutomatic selection of maximum lagsAutomatic lag length selection based on SIC: 0 to 3Total number of observations: 1377Cross-sections included: 5Im, Pesaran and Shin W-stat ** Probabilities are computed assuming asympotic normalityIntermediate ADF test resultsS_GARCH_Y_BFTCS_GARCH_Y_FEIS_GARCH_Y_FIS_GARCH_Y_FOIS_GARCH_Y_LFTCW22c "Arialwf1" has changed!ation TeZP<<<<A ;;c55,d''addd((d$$d44 e##=e`e{e;;eeef ff)f""Y40$"JQ|ex9xJ W40$"J8?~:zv|zxyursuqٟT40$"J_xŇgJ); J1+(&4'(7<.G* )Њ0PPeriesceriesceriesceriesceriesceriesceriesceriescMethodcethodcethodcethodcethodcStatistictatisticProb.**c* {Y4VXc?rob.**crob.**crob.**crob.**crob.**crob.**crob.**crob.**cЏrob.**crob.**crob.**crob.**crob.**crob.**crob.**crob.**crob.**crob.**crob.**crob.**crob.**cMax.**cax.**cSeriesct-StatcProb.cE(t)cE(Var)cLagr)cLagr)cObsr)ca 4Oʗ@r?3MbX93T㥛 ?0@0.@00r@0 4r[3?3Pn3Q?00,@0@j@s`be4ҷ?3Pn3Q?00.@0Pr@]e 45?3x&13'1Z?0@0.@0 r@0֌43!?3Pn3Q?00.@0Pr@Averagecܾ~3[ Ac3+?veragecveragecveragecveragecveragecveragecveragecveragecJohansen Cointegration Test SummaryDate: 01/14/17 Time: 15:48Sample: 1992M01 2016M07Included observations: 211Series: S_N_BFTC S_N_FEI S_N_FI S_N_FOI S_N_FUEL_OIL S_N_LFTCW S_N_MWT S_N_RGDPW Lags interval: 1 to 4 Selected (0.05 level*) Number of Cointegrating Relations by ModelData Trend:No Intercept *Critical values based on MacKinnon-Haug-Michelis (1999) Information Criteria by Rank and ModelData Trend:No InterceptNo. of CEs Log Likelihood by Rank (rows) and Model (columns) Akaike Information Criteria by Rank (rows) and Model (columns) 4.906564* Schwarz Criteria by Rank (rows) and Model (columns) 9.401492* 9.401492*$$~ 7x"Arialed: 1992M01 2016M07 => nnnnnn 9~V~n~RR~~CC~ 4 @::M((   33@@ F55R  gJ); J1+(&4'(7<.G* ))(P40$"J)k%$Q$$$F%"u""!!g"" 2!!="#%/%%`'M!D!!xv}z-~H.k"[  " Upp      ЍNoneNoneLinearLinearQuadraticTest TypePInterceptInterceptInterceptInterceptNo TrendNo TrendNo TrendTrendndTrendndTracend3acend3acend3acend3acend3acendMax-Eig2x-Eig2x-Eig2x-Eig2x-Eig3x-Eig      0      PNoneigNoneigLinearLinearQuadraticRank orcЌInterceptInterceptInterceptInterceptPNo TrendNo TrendNo TrendTrendndTrendnd      0endnd p'-s p'-szen2rzen2rEur1endnds qp1=]eoo[o.•do2endndٞnmؠQTmlCrl$k3endndJJly ڷku`+*iGTiD)i4endndhTp|ky4{innVh*vg9wdg5endnd/\pjQh ܳgg8H}jY"f`f6endndxJi7 UOgx f- Beu] 16M07 => e?dnnZ (( ""3;;U1144ޣ""))4]pؤ   (?Ri|ͥ  k"[  " U2H4`u!" M f a 4I4 c y0łOs NawKQ%S$/D ^wIey)9n Xw} Kc4 `FզՀu״p     LM-Stat.     M-Stat.M-Stat.M-Stat.q6?01% levelS?5% level㥛 ?10% levelX9v?     p     P&L(?Ћ%;d?     pЉP     VariablepProb.     Cob.  ֡2[1+IZ?4(4";v[5:pb;?? 8Ԣ>* OUI@461!     R-squared6hPj?{H=z?68 v7?q~|^?0TuI?D3PѲMd?pp4W4m@3YEu@7?p64;1!     KPSS Unit Root Test on S_N_FEINull Hypothesis: S_N_FEI is stationaryExogenous: Constant, Linear TrendBandwidth: 14 (Newey-West automatic) using Bartlett kernelKwiatkowski-Phillips-Schmidt-Shin test statisticAsymptotic critical values*:*Kwiatkowski-Phillips-Schmidt-Shin (1992, Table 1) Residual variance (no correction)HAC corrected variance (Bartlett kernel)KPSS Test EquationDependent Variable: S_N_FEIMethod: Least SquaresDate: 01/14/17 Time: 13:59Sample: 1992M01 2016M07Included observations: 295CoefficientStd. Errort-Statistic@TREND("1992M01") Mean dependent varAdjusted R-squared S.D. dependent varS.E. of regression Akaike info criterionSum squared resid Schwarz criterionLog likelihood Hannan-Quinn criter.F-statistic Durbin-Watson statProb(F-statistic) '"Arialed: 1992M01 2016M07 => dnnZ ''"";;11@q44""½))  <Ro   ž׾+EWm| k"[  " U2H4`u!" M f a 4I4 c y0łOs NawKQ%S$/D ^wIey)9n Xw} Kc4 `FզՀu״0?     LM-Stat.     <M-Stat.M-Stat.M-Stat.pDz?`:1% levelS?5% level㥛 ?10% levelX9v?     @:      >$`i@2`Mz@     P.-P2-/-0,-,-W     Variable_5p9Prob.     Cob. ]B@+Zk@MkT?4T%?7Բre?a((c?r~j.7@4W1     R-squared6ʵ?0<>IКV@96w?p<4c+zN@09e"B@05 $@6E\nA;>-S$@<`(6mp$@0:nˀ@p74`]?96W1     KPSS Unit Root Test on S_N_FINull Hypothesis: S_N_FI is stationaryExogenous: Constant, Linear TrendBandwidth: 14 (Newey-West automatic) using Bartlett kernelKwiatkowski-Phillips-Schmidt-Shin test statisticAsymptotic critical values*:*Kwiatkowski-Phillips-Schmidt-Shin (1992, Table 1) Residual variance (no correction)HAC corrected variance (Bartlett kernel)KPSS Test EquationDependent Variable: S_N_FIMethod: Least SquaresDate: 01/14/17 Time: 13:59Sample: 1992M01 2016M07Included observations: 295CoefficientStd. Errort-Statistic@TREND("1992M01") Mean dependent varAdjusted R-squared S.D. dependent varS.E. of regression Akaike info criterionSum squared resid Schwarz criterionLog likelihood Hannan-Quinn criter.F-statistic Durbin-Watson statProb(F-statistic)L '"Arial06!Button05571)dnnZ &&j"";;1144;""o))3 N Z eq( AMdk"[  " U2H4`u!" M f a 4I4 c y0łOs NawKQ%S$/D ^wIey)9n Xw} Kc4 `FզՀu״7066     LM-Stat.     07M-Stat.M-Stat.M-Stat.GL?51% levelS?5% level㥛 ?10% levelX9v?     ;     P7FPW*Hp@9m`39@P8b20@<uT' @P; 7(@p8| @5RR{N\:]" @5/{@57ު?66t;;`1144""))?h{    2I\s k"[  " U2H4`u!" M f a 4I4 c y0łOs NawKQ%S$/D ^wIey)9n Xw} Kc4 `FզՀu״P678     LM-Stat.     P9M-Stat.M-Stat.M-Stat.ku?91% levelS?5% level㥛 ?10% levelX9v?     P:     p:_\Yv@p6Ұ@     ::0;;;<     VariableABCProb.     Cob. KB@]!@w 1@46@d!y ?E}?2@4y혜+P5     R-squared6I^h?P=!H;SR@B6ʵŞ[?PC6 <@PDS2@AyP2v!@=r`D@=!@0B584B ZsR{!@?y@|u@B_?P@6=瘜+P5     KPSS Unit Root Test on S_N_FUEL_OILNull Hypothesis: S_N_FUEL_OIL is stationaryExogenous: Constant, Linear TrendBandwidth: 14 (Newey-West automatic) using Bartlett kernelKwiatkowski-Phillips-Schmidt-Shin test statisticAsymptotic critical values*:*Kwiatkowski-Phillips-Schmidt-Shin (1992, Table 1) Residual variance (no correction)HAC corrected variance (Bartlett kernel)KPSS Test EquationDependent Variable: S_N_FUEL_OILMethod: Least SquaresDate: 01/14/17 Time: 14:01Sample: 1992M01 2016M07Included observations: 295CoefficientStd. Errort-Statistic@TREND("1992M01") Mean dependent varAdjusted R-squared S.D. dependent varS.E. of regression Akaike info criterionSum squared resid Schwarz criterionLog likelihood Hannan-Quinn criter.F-statistic Durbin-Watson statProb(F-statistic)$$  '"Arialei / s_n_fei(-1))-1 dnnZ ,, "" ;; 11T  44 "" )) ! !!4 U k          1 D ^ p      k"[  " U2H4`u!" M f a 4I4 c y0łOs NawKQ%S$/D ^wIey)9n Xw} Kc4 `FզՀu״pC=C     LM-Stat.     PBM-Stat.M-Stat.M-Stat. QA?C1% levelS?5% level㥛 ?10% levelX9v?     C     ABJ.??jz0 @     =>PAB?@     Variable>pBDProb.     Cob. ȷXN?^?Q: ?4®?=iN?ɗ39?Mr6@4pa*l!2     R-squared6qᑆ?P>.%Ii?@6I.c|?p>+s?p@dI@?A?0=~'XR+W@>bQJ?@K\n0D9[A?0Aƒa@>M7?>6oa*l!2     KPSS Unit Root Test on S_N_LFTCWNull Hypothesis: S_N_LFTCW is stationaryExogenous: Constant, Linear TrendBandwidth: 11 (Newey-West automatic) using Bartlett kernelKwiatkowski-Phillips-Schmidt-Shin test statisticAsymptotic critical values*:*Kwiatkowski-Phillips-Schmidt-Shin (1992, Table 1) Residual variance (no correction)HAC corrected variance (Bartlett kernel)KPSS Test EquationDependent Variable: S_N_LFTCWMethod: Least SquaresDate: 01/14/17 Time: 14:01Sample: 1992M01 2016M07Included observations: 295CoefficientStd. Errort-Statistic@TREND("1992M01") Mean dependent varAdjusted R-squared S.D. dependent varS.E. of regression Akaike info criterionSum squared resid Schwarz criterionLog likelihood Hannan-Quinn criter.F-statistic Durbin-Watson statProb(F-statistic)!!e# '"Arial_rgdpw / s_n_rgdpw(-1))-1 dnnZ ))#""#;;#11 $=$44Z$""$))$$$ % %=%U% p% |% %%%%%%%&%&;&J& c&o&&k"[  " U2H4`u!" M f a 4I4 c y0łOs NawKQ%S$/D ^wIey)9n Xw} Kc4 `FզՀu״C0?P?     LM-Stat.     p?M-Stat.M-Stat.M-Stat.4oD?A1% levelS?5% level㥛 ?10% levelX9v?     ?     ,Н @&Pg'@     0+p,,0,*)     Variable(%0(Prob.     Cob. V͠$Q@ƀ1?Av@4,.7ٸ?_ǯ:R?]ʾNU@4߇y"     R-squared6`I9O?P,RnA_޵T@)6/#z`F?,sF( @p%EL ?(cp@*s?@0& J@%Q7뉁+=@0)໬@%T?0%61߇y"     KPSS Unit Root Test on S_N_MWTNull Hypothesis: S_N_MWT is stationaryExogenous: Constant, Linear TrendBandwidth: 13 (Newey-West automatic) using Bartlett kernelKwiatkowski-Phillips-Schmidt-Shin test statisticAsymptotic critical values*:*Kwiatkowski-Phillips-Schmidt-Shin (1992, Table 1) Residual variance (no correction)HAC corrected variance (Bartlett kernel)KPSS Test EquationDependent Variable: S_N_MWTMethod: Least SquaresDate: 01/14/17 Time: 14:02Sample: 1992M01 2016M07Included observations: 295CoefficientStd. Errort-Statistic@TREND("1992M01") Mean dependent varAdjusted R-squared S.D. dependent varS.E. of regression Akaike info criterionSum squared resid Schwarz criterionLog likelihood Hannan-Quinn criter.F-statistic Durbin-Watson statProb(F-statistic)= '"Arial1 2016M07 => dnnZ ''9=""`=;;=11==44 >""?>))a>>>>>>? ? +? 6?B?T?k?~??????? @@5@k"[  " U2H4`u!" M f a 4I4 c y0łOs NawKQ%S$/D ^wIey)9n Xw} Kc4 `FզՀu״*p'P%     LM-Stat.     P+M-Stat.M-Stat.M-Stat.C6]|?P'1% levelS?5% level㥛 ?10% levelX9v?     %     *v?DY?%ʬ}E?     &P&p&+&&     Variable&'+Prob.     Cob. Pr?}I(?lcA@4Ř=)'S6O?@tR!?q%@4?1&;     R-squared6߭?'L=[03?'6>F?('We@?p*k:?P(7(op("@)bÛ,(a(2cg@+i*}0^@(/./?P)6+1&;     KPSS Unit Root Test on S_N_RGDPWNull Hypothesis: S_N_RGDPW is stationaryExogenous: Constant, Linear TrendBandwidth: 11 (Newey-West automatic) using Bartlett kernelKwiatkowski-Phillips-Schmidt-Shin test statisticAsymptotic critical values*:*Kwiatkowski-Phillips-Schmidt-Shin (1992, Table 1) Residual variance (no correction)HAC corrected variance (Bartlett kernel)KPSS Test EquationDependent Variable: S_N_RGDPWMethod: Least SquaresDate: 01/14/17 Time: 14:03Sample (adjusted): 1998M08 2016M07Included observations: 216 after adjustmentsCoefficientStd. Errort-Statistic@TREND("1992M01") Mean dependent varAdjusted R-squared S.D. dependent varS.E. of regression Akaike info criterionSum squared resid Schwarz criterionLog likelihood Hannan-Quinn criter.F-statistic Durbin-Watson statProb(F-statistic)!!V '"Arial1 2016M07 => 16M07 => e?dnnZ ))V""W;;5W11pWW44W""W))X=XPXnXX##X--X X X YY&Y=YPYgYzYYYYY YYZk"[  " U2H4`u!" M f a 4I4 c y0łOs NawKQ%S$/D ^wIey)9n Xw} Kc4 `FզՀu״p))1     LM-Stat.     .M-Stat.M-Stat.M-Stat.{8^E?-1% levelS?5% level㥛 ?10% levelX9v?     02     2e(b\?/| +P3@     2p031p103     Variable2/0Prob.     Cob. y5c-H@d?ڔ$d@4 J0/^(2?I}fmX?Ke@4cd/+     R-squared6Nqm?-HX@-6 )?0ur&g0@P18N?/&Zn1 @3Hx@/\X2 @0aNw4&7' @0-tX# @P23B?p-6d/+     KPSS Unit Root Test on S_R_BFTCNull Hypothesis: S_R_BFTC is stationaryExogenous: ConstantBandwidth: 20 (Newey-West automatic) using Bartlett kernelKwiatkowski-Phillips-Schmidt-Shin test statisticAsymptotic critical values*:*Kwiatkowski-Phillips-Schmidt-Shin (1992, Table 1) Residual variance (no correction)HAC corrected variance (Bartlett kernel)KPSS Test EquationDependent Variable: S_R_BFTCMethod: Least SquaresDate: 01/14/17 Time: 14:11Sample (adjusted): 1992M02 2016M07Included observations: 294 after adjustmentsCoefficientStd. Errort-Statistic Mean dependent varAdjusted R-squared S.D. dependent varS.E. of regression Akaike info criterionSum squared resid Schwarz criterionLog likelihood Hannan-Quinn criter.Durbin-Watson stat p %"Arial1 2016M07 => icng...dnnZ ((pp;;p112qcq44q""q))qqr/rEr##br--r r r rrrrs)sCsUskszssYZk"[  " U2H4`u!" M f a 4I4 c y0łOs NawKQ%S$/D ^wI0024     LM-Stat.     p3M-Stat.M-Stat.M-Stat.bh^Y;?P/1% levelS?5% leveloʡ?10% levelh|?5?     3     P0v"Q!a?3T;Jl?     00.-104-     Variable013p2Prob.     Cob.  ӷ?,?M*y@4w/&?     R-squared62ӷ?p46.q?1?1p?1?4d1?p.C@P.oUyd.湒f@4 Kx江.-8@     KPSS Unit Root Test on S_R_FEINull Hypothesis: S_R_FEI is stationaryExogenous: ConstantBandwidth: 5 (Newey-West automatic) using Bartlett kernelKwiatkowski-Phillips-Schmidt-Shin test statisticAsymptotic critical values*:*Kwiatkowski-Phillips-Schmidt-Shin (1992, Table 1) Residual variance (no correction)HAC corrected variance (Bartlett kernel)KPSS Test EquationDependent Variable: S_R_FEIMethod: Least SquaresDate: 01/14/17 Time: 14:12Sample (adjusted): 1992M02 2016M07Included observations: 294 after adjustmentsCoefficientStd. Errort-Statistic Mean dependent varAdjusted R-squared S.D. dependent varS.E. of regression Akaike info criterionSum squared resid Schwarz criterionLog likelihood Hannan-Quinn criter.Durbin-Watson stat %"Arialed: 1992M01 2016M07 => dnnZ ''(::<11v44ĉ""))CVr##--Ȋ   /BYl֋YZk"[  " U2H4`u!" M f a 4I4 c y0łOs NawKQ%S$/D ^wIp/.p     LM-Stat.     M-Stat.M-Stat.M-Stat.Ra?p1% levelS?5% leveloʡ?10% levelh|?5?           r?L5?     PPppP     VariableProb.     Cob. :ںu?Q")p? -̂?4jE?     R-squared6:ںu?P6xF+R?xF+R?v\aDy v?8OCdx;krw@ZcRp@s‡?     KPSS Unit Root Test on S_Y_FINull Hypothesis: S_Y_FI is stationaryExogenous: ConstantBandwidth: 6 (Newey-West automatic) using Bartlett kernelKwiatkowski-Phillips-Schmidt-Shin test statisticAsymptotic critical values*:*Kwiatkowski-Phillips-Schmidt-Shin (1992, Table 1) Residual variance (no correction)HAC corrected variance (Bartlett kernel)KPSS Test EquationDependent Variable: S_Y_FIMethod: Least SquaresDate: 01/14/17 Time: 14:15Sample (adjusted): 1992M02 2016M07Included observations: 294 after adjustmentsCoefficientStd. Errort-Statistic Mean dependent varAdjusted R-squared S.D. dependent varS.E. of regression Akaike info criterionSum squared resid Schwarz criterionLog likelihood Hannan-Quinn criter.Durbin-Watson stat% %)"Arial1 2016M07 => icng...dnnZ &&Ci::}1144""9))[Ȣ##-- 5 A LXoƣأYZk"[  " U2H4`u!" M f a 4I4 c y0łOs NawKQ%S$/D ^wI00     LM-Stat.     M-Stat.M-Stat.M-Stat.O} ?1% levelS?5% leveloʡ?10% levelh|?5?          P䨤%O?0&#^?     0p     Variable0Prob.     Cob. @b?ƣŝ]?2Ag?4 ?     R-squared6@b?6p꟟?꟟?0kƆt?h0Sg0@}scopӓ6?     KPSS Unit Root Test on S_Y_FOINull Hypothesis: S_Y_FOI is stationaryExogenous: ConstantBandwidth: 7 (Newey-West automatic) using Bartlett kernelKwiatkowski-Phillips-Schmidt-Shin test statisticAsymptotic critical values*:*Kwiatkowski-Phillips-Schmidt-Shin (1992, Table 1) Residual variance (no correction)HAC corrected variance (Bartlett kernel)KPSS Test EquationDependent Variable: S_Y_FOIMethod: Least SquaresDate: 01/14/17 Time: 14:17Sample (adjusted): 1992M02 2016M07Included observations: 294 after adjustmentsCoefficientStd. Errort-Statistic Mean dependent varAdjusted R-squared S.D. dependent varS.E. of regression Akaike info criterionSum squared resid Schwarz criterionLog likelihood Hannan-Quinn criter.Durbin-Watson state %"Arial_rgdpw / s_n_rgdpw(-1))-1 dnnZ ''::11*44G""{))ƺٺ ##(--K x  Żܻ 1@YYZk"[  " U2H4`u!" M f a 4I4 c y0łOs NawKQ%S$/D ^wIP     LM-Stat.     M-Stat.M-Stat.M-Stat.{r?1% levelS?5% leveloʡ?10% levelh|?5?          Pi`?0Nm?     Pp     VariableP0Prob.     Cob. zgj?i=e?J?4̽ڛ7j?     R-squared6zgj?p600F?0F?0k PڡU`?[eŸ ї~@)[$ p2ڬ?     KPSS Unit Root Test on S_Y_FUEL_OILNull Hypothesis: S_Y_FUEL_OIL is stationaryExogenous: ConstantBandwidth: 1 (Newey-West automatic) using Bartlett kernelKwiatkowski-Phillips-Schmidt-Shin test statisticAsymptotic critical values*:*Kwiatkowski-Phillips-Schmidt-Shin (1992, Table 1) Residual variance (no correction)HAC corrected variance (Bartlett kernel)KPSS Test EquationDependent Variable: S_Y_FUEL_OILMethod: Least SquaresDate: 01/14/17 Time: 14:18Sample (adjusted): 1992M02 2016M07Included observations: 294 after adjustmentsCoefficientStd. Errort-Statistic Mean dependent varAdjusted R-squared S.D. dependent varS.E. of regression Akaike info criterionSum squared resid Schwarz criterionLog likelihood Hannan-Quinn criter.Durbin-Watson stat$$ %"Arial1 2016M07 => icng...dnnZ ,,:: 11Fw44""))!!&G]##z--   .A[mYZk"[  " U2H4`u!" M f a 4I4 c y0łOs NawKQ%S$/D ^wIp     LM-Stat.     M-Stat.M-Stat.M-Stat.񭑄I?p1% levelS?5% leveloʡ?10% levelh|?5?          ?ӱށ?L_?     P0pp0     VariablePPProb.     Cob. !u/}?._Zv?EE9?4х|?     R-squared6p!u/}?6Αd?Αd?F>zY8^\@[S%%2+}q@0cQR/D0 ފ?     KPSS Unit Root Test on S_Y_LFTCWNull Hypothesis: S_Y_LFTCW is stationaryExogenous: ConstantBandwidth: 68 (Newey-West automatic) using Bartlett kernelKwiatkowski-Phillips-Schmidt-Shin test statisticAsymptotic critical values*:*Kwiatkowski-Phillips-Schmidt-Shin (1992, Table 1) Residual variance (no correction)HAC corrected variance (Bartlett kernel)KPSS Test EquationDependent Variable: S_Y_LFTCWMethod: Least SquaresDate: 01/14/17 Time: 14:20Sample (adjusted): 1992M02 2016M07Included observations: 294 after adjustmentsCoefficientStd. 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R-squared6p~> XW?6YjůR?0YjůR?P)wenPs)?05<Xp1t@p0^`R.O@     KPSS Unit Root Test on S_Y_MWTNull Hypothesis: S_Y_MWT is stationaryExogenous: ConstantBandwidth: 35 (Newey-West automatic) using Bartlett kernelKwiatkowski-Phillips-Schmidt-Shin test statisticAsymptotic critical values*:*Kwiatkowski-Phillips-Schmidt-Shin (1992, Table 1) Residual variance (no correction)HAC corrected variance (Bartlett kernel)KPSS Test EquationDependent Variable: S_Y_MWTMethod: Least SquaresDate: 01/14/17 Time: 14:24Sample (adjusted): 1992M02 2016M07Included observations: 294 after adjustmentsCoefficientStd. Errort-Statistic Mean dependent varAdjusted R-squared S.D. dependent varS.E. of regression Akaike info criterionSum squared resid Schwarz criterionLog likelihood Hannan-Quinn criter.Durbin-Watson statD % "Arial1 2016M07 => dnnZ ''c  ;; 11   44' ""[ ))}     ## --+  X  d  o {          9 YZk"[  " U2H4`u!" M f a 4I4 c y0łOs NawKQ%S$/D ^wIP     LM-Stat.     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R 44o "" ))    5 ##R --u            3 E [ j  YZk"[  " U2H4`u!" M f a 4I4 c y0łOs NawKQ%S$/D ^wI     LM-Stat.     M-Stat.M-Stat.M-Stat.i(D?01% levelS?5% leveloʡ?10% levelh|?5?     P     Ut[>n.c>     Pp     Variable0Prob.     Cob. #@f?BQo*Ly ? 5@4DO4     R-squared6$@f?6Pż 1^?0ż 1^?,'#G?PoV+ x#5wd@.*|#ԉ8@?     Equation: EQ_MS_GARCH_GPO3_GARCHDate: 01/14/17 Time: 18:47Transition summary: Constant Markov transition probabilities and expected durationsSample: 1999M01 2016M07Included observations: 211Constant transition probabilities:P(i, k) = P(s(t) = k | s(t-1) = i)(row = i / column = j)Constant expected durations: "Arial1 2016M07 => tt &Filter..ZZ !!2 2 //3 --?3 l3 3 ##3 ##3 3 3    5 ##P    Pommon2ommon2ommon2ommon2@ommon2P#0?@#0@ommon2 0?0K? 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