Results of variance decomposition
| Cash series of copper | Futures series of copper | ||||
|---|---|---|---|---|---|
| Period | lncash | lnfutures | Period | lncash | lnfutures |
| 1 | 70.002 | 29.998 | 1 | 0.000 | 100.000 |
| 2 | 50.077 | 49.923 | 2 | 0.071 | 99.929 |
| 3 | 36.661 | 63.339 | 3 | 0.152 | 99.847 |
| 4 | 28.207 | 71.793 | 4 | 0.221 | 99.779 |
| Cash series of copper | Futures series of copper | ||||
|---|---|---|---|---|---|
| Period | lncash | lnfutures | Period | lncash | lnfutures |
| 1 | 70.002 | 29.998 | 1 | 0.000 | 100.000 |
| 2 | 50.077 | 49.923 | 2 | 0.071 | 99.929 |
| 3 | 36.661 | 63.339 | 3 | 0.152 | 99.847 |
| 4 | 28.207 | 71.793 | 4 | 0.221 | 99.779 |
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