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Param	Value	t-stat
ωconst	0.0611	6.89***
αARCH	0.2308	17.57***
βGARCH	0.7552	51.29***
γleverage	0.0357	1.56
δpower	0.8108	4.49***

Parameter	Value	t-statistic
ω const Unconditional variance weight	0.0611	6.89***
α ARCH Response to squared shocks	0.2308	17.57***
β GARCH Volatility persistence	0.7552	51.29***
γ leverage Additional response to negative shocks	0.0357	1.56
δ power Transformation power	0.8108	4.49***

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Obayashi Corp Asy. Power MEM Volatility Analysis

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