{name} Model Equation

Spline Coefficients

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Parameter	Value	t-statistic
α ARCH Response to squared shocks	0.1693	30.81***
β GARCH Volatility persistence	0.8259	134.75***
γ leverage Additional response to negative shocks	-0.0240	-6.15***
λ₁ tau intercept Baseline long-term coefficient	102,796.8000

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