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 |