{name} Model Equation

Spline Coefficients

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Parameter	Value	t-statistic
α ARCH Response to squared shocks	0.2210	27.42***
β GARCH Volatility persistence	0.7468	92.50***
γ leverage Additional response to negative shocks	0.0198	3.31***
λ₁ tau intercept Baseline long-term coefficient	93,897.0500

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