{name} Model Equation

Spline Coefficients

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Parameter	Value	t-statistic
α ARCH Response to squared shocks	0.3895	12.06***
β GARCH Volatility persistence	0.6927	74.63***
γ leverage Additional response to negative shocks	-0.2069	-4.20***
λ₁ tau intercept Baseline long-term coefficient	2,178.4650

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