Table 3

Marginal distribution selection

VariableAICBIC
NormStudent-tGEDNormStudent-tGED
RBRENT3.758−3.710−3.7463.645−3.578−3.614
REUS−7.721−7.7307.7227.608−7.598−7.590
RECN7.636−7.560−7.6317.523−7.428−7.499
REIN−6.971−7.0457.050−6.858−6.9136.918
REJP−6.371−6.3796.3826.258−6.247−6.250
REKR6.976−6.966−6.9686.863−6.834−6.837

Note(s): Norm is normal distribution, student-t is student-t distribution, and GED is Generalized Error distribution. The italic number indicates the lowest AIC and BIC for each pair

Source(s): Author’s calculations based on using R program

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