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Table 6: NVR Estimates of the Main Variables

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Series T S12 S6 S4 S3 S2.4 S2 σ2e
SMT 0.091 0.359 0.117 0.109 0.343 0.071 0.052 0.00005
SBT 0.001 0.023 0.013 0.024 0.017 0.013 0.011 0.00038
10MT 0.029 0.948 0.434 0.302 0.357 0.49 0.301 0.00004
10BT 0.001 0.01 0.007 0.026 0.107 0.034 0.022 0.00036
TC 0.008 0.041 0.006 0.081 0.023 0.026 0.006 0.00021
JTC 0.050 3.779 1.818 1.199 0.278 0.026 0.012 0.00004
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