Table 5

Descriptive statistics

Percentage change in closing prices (quarterly)Percentage change in FED rates (quarterly)
N5858
Mean1.10.153
Median3.091.52
Standard deviation16.911.4
Minimum−64.2−55.1
Maximum34.128.6
Skewness−1.01−1.7
Std. error skewness0.3140.314
Kurtosis2.979.16
Std. error kurtosis0.6180.618
Jarque Bera value25.9148192.6189
p-value0.000020.0002
Shapiro Wilk W0.9430.860
Shapiro Wilk p0.009<0.001
DW Statistic(autocorrelation)1.63
VIF(multicollinearity)1.001.89

Source(s): Table by author

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