Skip to main content

Table 4 Parameters of AR (1) models

From: Stationarity of spot freight rates considering supply/demand effect

  Actual Freight Rates Estimated Freight Rates Deviation
Autoregression coefficient φ 0.9258 0.8849 0.5187
Intercept μ 3.6937 3.5305 0.0000
Variance of innovation σ2 0.0098 0.0113 0.0121