Table 2 Parameter Estimates for PIERS Data

Table 2
Parameter Estimates for PIERS Data

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Parameter Weight flows Value flows
Sample mean Standard deviation Sample mean Standard deviation
θ1 11.1227 1.1646 3.7854 0.3963
θ2 –16.7447 1.7533 –11.1437 1.1668
X 2 ratio 0.7253 0.0000 1.1760 0.0000