id	sid	tid	token	lemma	pos
easat-1861	1	1	edelweiss	edelweiss	PROPN
easat-1861	1	2	applied	apply	VERB
easat-1861	1	3	science	science	NOUN
easat-1861	1	4	and	and	CCONJ
easat-1861	1	5	technology	technology	NOUN
easat-1861	1	6	issn	issn	PROPN
easat-1861	1	7	:	:	PUNCT
easat-1861	1	8	2576	2576	NUM
easat-1861	1	9	-	-	SYM
easat-1861	1	10	8484	8484	NUM
easat-1861	1	11	vol	vol	NOUN
easat-1861	1	12	.	.	PROPN
easat-1861	1	13	8	8	NUM
easat-1861	1	14	,	,	PUNCT
easat-1861	1	15	no	no	INTJ
easat-1861	1	16	.	.	NOUN
easat-1861	1	17	5	5	NUM
easat-1861	1	18	,	,	PUNCT
easat-1861	1	19	1487	1487	NUM
easat-1861	1	20	-	-	SYM
easat-1861	1	21	1494	1494	NUM
easat-1861	1	22	2024	2024	NUM
easat-1861	1	23	publisher	publisher	NOUN
easat-1861	1	24	:	:	PUNCT
easat-1861	1	25	learning	learn	VERB
easat-1861	1	26	gate	gate	NOUN
easat-1861	1	27	doi	doi	PROPN
easat-1861	1	28	:	:	PUNCT
easat-1861	1	29	10.55214/25768484.v8i5.1861	10.55214/25768484.v8i5.1861	NUM
easat-1861	1	30	©	©	ADP
easat-1861	1	31	2024	2024	NUM
easat-1861	1	32	by	by	ADP
easat-1861	1	33	the	the	DET
easat-1861	1	34	author	author	NOUN
easat-1861	1	35	;	;	PUNCT
easat-1861	1	36	licensee	licensee	PROPN
easat-1861	1	37	learning	learning	NOUN
easat-1861	1	38	gate	gate	NOUN
easat-1861	1	39	©	©	PROPN
easat-1861	1	40	2024	2024	NUM
easat-1861	1	41	by	by	ADP
easat-1861	1	42	the	the	DET
easat-1861	1	43	author	author	NOUN
easat-1861	1	44	;	;	PUNCT
easat-1861	1	45	licensee	licensee	PROPN
easat-1861	1	46	learning	learn	VERB
easat-1861	1	47	gate	gate	NOUN
easat-1861	1	48	*	*	PUNCT
easat-1861	1	49	correspondence	correspondence	NOUN
easat-1861	1	50	:	:	PUNCT
easat-1861	1	51	choan@skuniv.ac.kr	choan@skuniv.ac.kr	X
easat-1861	1	52	research	research	NOUN
easat-1861	1	53	on	on	ADP
easat-1861	1	54	the	the	DET
easat-1861	1	55	volatility	volatility	NOUN
easat-1861	1	56	forecasting	forecasting	NOUN
easat-1861	1	57	model	model	NOUN
easat-1861	1	58	of	of	ADP
easat-1861	1	59	kospi	kospi	NOUN
easat-1861	1	60	index	index	NOUN
easat-1861	1	61	returns	return	NOUN
easat-1861	1	62	using	use	VERB
easat-1861	1	63	ar(m)-garch(p	ar(m)-garch(p	NOUN
easat-1861	1	64	,	,	PUNCT
easat-1861	1	65	q	q	NOUN
easat-1861	1	66	)	)	PUNCT
easat-1861	1	67	model	model	NOUN
easat-1861	1	68	chang	chang	PROPN
easat-1861	1	69	-	-	PUNCT
easat-1861	1	70	ho	ho	PROPN
easat-1861	1	71	an1	an1	PROPN
easat-1861	1	72	*	*	PROPN
easat-1861	1	73	1department	1department	NUM
easat-1861	1	74	of	of	ADP
easat-1861	1	75	financial	financial	ADJ
easat-1861	1	76	information	information	NOUN
easat-1861	1	77	engineering	engineering	NOUN
easat-1861	1	78	,	,	PUNCT
easat-1861	1	79	seokyeong	seokyeong	PROPN
easat-1861	1	80	university	university	PROPN
easat-1861	1	81	,	,	PUNCT
easat-1861	1	82	seoul	seoul	PROPN
easat-1861	1	83	02713	02713	NUM
easat-1861	1	84	;	;	PUNCT
easat-1861	1	85	choan@skuniv.ac.kr	choan@skuniv.ac.kr	X
easat-1861	1	86	(	(	PUNCT
easat-1861	1	87	c.h.a	c.h.a	X
easat-1861	1	88	.	.	PUNCT
easat-1861	1	89	)	)	PUNCT
easat-1861	1	90	abstract	abstract	NOUN
easat-1861	1	91	:	:	PUNCT
easat-1861	1	92	in	in	ADP
easat-1861	1	93	this	this	DET
easat-1861	1	94	study	study	NOUN
easat-1861	1	95	,	,	PUNCT
easat-1861	1	96	we	we	PRON
easat-1861	1	97	estimated	estimate	VERB
easat-1861	1	98	the	the	DET
easat-1861	1	99	volatility	volatility	NOUN
easat-1861	1	100	of	of	ADP
easat-1861	1	101	the	the	DET
easat-1861	1	102	kospi	kospi	NOUN
easat-1861	1	103	index	index	NOUN
easat-1861	1	104	returns	return	NOUN
easat-1861	1	105	and	and	CCONJ
easat-1861	1	106	analyzed	analyze	VERB
easat-1861	1	107	volatility	volatility	NOUN
easat-1861	1	108	trends	trend	NOUN
easat-1861	1	109	.	.	PUNCT
easat-1861	2	1	the	the	DET
easat-1861	2	2	data	datum	NOUN
easat-1861	2	3	used	use	VERB
easat-1861	2	4	in	in	ADP
easat-1861	2	5	the	the	DET
easat-1861	2	6	study	study	NOUN
easat-1861	2	7	consisted	consist	VERB
easat-1861	2	8	of	of	ADP
easat-1861	2	9	monthly	monthly	ADJ
easat-1861	2	10	observations	observation	NOUN
easat-1861	2	11	from	from	ADP
easat-1861	2	12	january	january	PROPN
easat-1861	2	13	2005	2005	NUM
easat-1861	2	14	to	to	ADP
easat-1861	2	15	december	december	PROPN
easat-1861	2	16	2022	2022	NUM
easat-1861	2	17	,	,	PUNCT
easat-1861	2	18	and	and	CCONJ
easat-1861	2	19	the	the	DET
easat-1861	2	20	kospi	kospi	PROPN
easat-1861	2	21	index	index	PROPN
easat-1861	2	22	raw	raw	ADJ
easat-1861	2	23	data	datum	NOUN
easat-1861	2	24	was	be	AUX
easat-1861	2	25	transformed	transform	VERB
easat-1861	2	26	into	into	ADP
easat-1861	2	27	log	log	NOUN
easat-1861	2	28	returns	return	NOUN
easat-1861	2	29	.	.	PUNCT
easat-1861	3	1	the	the	DET
easat-1861	3	2	volatility	volatility	NOUN
easat-1861	3	3	estimation	estimation	NOUN
easat-1861	3	4	model	model	NOUN
easat-1861	3	5	used	use	VERB
easat-1861	3	6	the	the	DET
easat-1861	3	7	ar(m)-garch(p	ar(m)-garch(p	PROPN
easat-1861	3	8	,	,	PUNCT
easat-1861	3	9	q	q	NOUN
easat-1861	3	10	)	)	PUNCT
easat-1861	3	11	model	model	NOUN
easat-1861	3	12	,	,	PUNCT
easat-1861	3	13	which	which	PRON
easat-1861	3	14	combines	combine	VERB
easat-1861	3	15	the	the	DET
easat-1861	3	16	autoregressive	autoregressive	ADJ
easat-1861	3	17	error	error	NOUN
easat-1861	3	18	model	model	NOUN
easat-1861	3	19	and	and	CCONJ
easat-1861	3	20	the	the	DET
easat-1861	3	21	garch	garch	NOUN
easat-1861	3	22	model	model	NOUN
easat-1861	3	23	that	that	PRON
easat-1861	3	24	explains	explain	VERB
easat-1861	3	25	the	the	DET
easat-1861	3	26	persistence	persistence	NOUN
easat-1861	3	27	of	of	ADP
easat-1861	3	28	volatility	volatility	NOUN
easat-1861	3	29	at	at	ADP
easat-1861	3	30	low	low	ADJ
easat-1861	3	31	orders	order	NOUN
easat-1861	3	32	.	.	PUNCT
easat-1861	4	1	the	the	DET
easat-1861	4	2	goodness	goodness	NOUN
easat-1861	4	3	of	of	ADP
easat-1861	4	4	fit	fit	NOUN
easat-1861	4	5	of	of	ADP
easat-1861	4	6	the	the	DET
easat-1861	4	7	model	model	NOUN
easat-1861	4	8	was	be	AUX
easat-1861	4	9	confirmed	confirm	VERB
easat-1861	4	10	using	use	VERB
easat-1861	4	11	the	the	DET
easat-1861	4	12	portmanteau	portmanteau	NOUN
easat-1861	4	13	q	q	NOUN
easat-1861	4	14	-	-	PUNCT
easat-1861	4	15	test	test	NOUN
easat-1861	4	16	and	and	CCONJ
easat-1861	4	17	lm	lm	NOUN
easat-1861	4	18	-	-	NOUN
easat-1861	4	19	test	test	NOUN
easat-1861	4	20	.	.	PUNCT
easat-1861	5	1	applying	apply	VERB
easat-1861	5	2	the	the	DET
easat-1861	5	3	autoregressive	autoregressive	ADJ
easat-1861	5	4	error	error	NOUN
easat-1861	5	5	model	model	NOUN
easat-1861	5	6	revealed	reveal	VERB
easat-1861	5	7	significant	significant	ADJ
easat-1861	5	8	autocorrelation	autocorrelation	NOUN
easat-1861	5	9	in	in	ADP
easat-1861	5	10	the	the	DET
easat-1861	5	11	log	log	NOUN
easat-1861	5	12	returns	return	NOUN
easat-1861	5	13	of	of	ADP
easat-1861	5	14	the	the	DET
easat-1861	5	15	kospi	kospi	NOUN
easat-1861	5	16	index	index	NOUN
easat-1861	5	17	at	at	ADP
easat-1861	5	18	lags	lag	NOUN
easat-1861	5	19	3	3	NUM
easat-1861	5	20	and	and	CCONJ
easat-1861	5	21	6	6	NUM
easat-1861	5	22	.	.	PUNCT
easat-1861	5	23	residual	residual	ADJ
easat-1861	5	24	analysis	analysis	NOUN
easat-1861	5	25	indicated	indicate	VERB
easat-1861	5	26	that	that	SCONJ
easat-1861	5	27	the	the	DET
easat-1861	5	28	residuals	residual	NOUN
easat-1861	5	29	followed	follow	VERB
easat-1861	5	30	white	white	ADJ
easat-1861	5	31	noise	noise	NOUN
easat-1861	5	32	,	,	PUNCT
easat-1861	5	33	but	but	CCONJ
easat-1861	5	34	the	the	DET
easat-1861	5	35	squared	square	VERB
easat-1861	5	36	residuals	residual	NOUN
easat-1861	5	37	exhibited	exhibit	VERB
easat-1861	5	38	heteroscedasticity	heteroscedasticity	NOUN
easat-1861	5	39	.	.	PUNCT
easat-1861	6	1	therefore	therefore	ADV
easat-1861	6	2	,	,	PUNCT
easat-1861	6	3	after	after	ADP
easat-1861	6	4	fitting	fit	VERB
easat-1861	6	5	the	the	DET
easat-1861	6	6	autoregressive	autoregressive	ADJ
easat-1861	6	7	error	error	NOUN
easat-1861	6	8	model	model	NOUN
easat-1861	6	9	,	,	PUNCT
easat-1861	6	10	we	we	PRON
easat-1861	6	11	applied	apply	VERB
easat-1861	6	12	the	the	DET
easat-1861	6	13	garch	garch	NOUN
easat-1861	6	14	model	model	NOUN
easat-1861	6	15	and	and	CCONJ
easat-1861	6	16	conducted	conduct	VERB
easat-1861	6	17	residual	residual	ADJ
easat-1861	6	18	analysis	analysis	NOUN
easat-1861	6	19	,	,	PUNCT
easat-1861	6	20	finding	find	VERB
easat-1861	6	21	both	both	CCONJ
easat-1861	6	22	the	the	DET
easat-1861	6	23	residuals	residual	NOUN
easat-1861	6	24	and	and	CCONJ
easat-1861	6	25	squared	square	VERB
easat-1861	6	26	residuals	residual	NOUN
easat-1861	6	27	significant	significant	ADJ
easat-1861	6	28	at	at	ADP
easat-1861	6	29	a	a	DET
easat-1861	6	30	5	5	NUM
easat-1861	6	31	%	%	NOUN
easat-1861	6	32	significance	significance	NOUN
easat-1861	6	33	level	level	NOUN
easat-1861	6	34	.	.	PUNCT
easat-1861	7	1	the	the	DET
easat-1861	7	2	volatility	volatility	NOUN
easat-1861	7	3	forecasting	forecasting	NOUN
easat-1861	7	4	results	result	NOUN
easat-1861	7	5	indicated	indicate	VERB
easat-1861	7	6	a	a	DET
easat-1861	7	7	continuous	continuous	ADJ
easat-1861	7	8	increase	increase	NOUN
easat-1861	7	9	in	in	ADP
easat-1861	7	10	volatility	volatility	NOUN
easat-1861	7	11	.	.	PUNCT
easat-1861	8	1	the	the	DET
easat-1861	8	2	findings	finding	NOUN
easat-1861	8	3	of	of	ADP
easat-1861	8	4	this	this	DET
easat-1861	8	5	study	study	NOUN
easat-1861	8	6	are	be	AUX
easat-1861	8	7	expected	expect	VERB
easat-1861	8	8	to	to	PART
easat-1861	8	9	provide	provide	VERB
easat-1861	8	10	important	important	ADJ
easat-1861	8	11	implications	implication	NOUN
easat-1861	8	12	for	for	ADP
easat-1861	8	13	policymakers	policymaker	NOUN
easat-1861	8	14	responsible	responsible	ADJ
easat-1861	8	15	for	for	ADP
easat-1861	8	16	risk	risk	NOUN
easat-1861	8	17	management	management	NOUN
easat-1861	8	18	in	in	ADP
easat-1861	8	19	the	the	DET
easat-1861	8	20	korean	korean	ADJ
easat-1861	8	21	stock	stock	NOUN
easat-1861	8	22	market	market	NOUN
easat-1861	8	23	.	.	PUNCT
easat-1861	9	1	keywords	keyword	NOUN
easat-1861	9	2	:	:	PUNCT
easat-1861	9	3	ar(m)-garch(p	ar(m)-garch(p	ADP
easat-1861	9	4	,	,	PUNCT
easat-1861	9	5	q	q	NOUN
easat-1861	9	6	)	)	PUNCT
easat-1861	9	7	model	model	NOUN
easat-1861	9	8	,	,	PUNCT
easat-1861	9	9	autoregressive	autoregressive	ADJ
easat-1861	9	10	error	error	NOUN
easat-1861	9	11	model	model	NOUN
easat-1861	9	12	,	,	PUNCT
easat-1861	9	13	garch	garch	NOUN
easat-1861	9	14	model	model	NOUN
easat-1861	9	15	,	,	PUNCT
easat-1861	9	16	q	q	NOUN
easat-1861	9	17	-	-	PUNCT
easat-1861	9	18	test	test	NOUN
easat-1861	9	19	and	and	CCONJ
easat-1861	9	20	lm	lm	NOUN
easat-1861	9	21	-	-	PUNCT
easat-1861	9	22	test	test	NOUN
easat-1861	9	23	t.	t.	NOUN
easat-1861	9	24	return	return	NOUN
easat-1861	9	25	rate	rate	NOUN
easat-1861	9	26	.	.	PUNCT
easat-1861	10	1	1	1	X
easat-1861	10	2	.	.	X
easat-1861	10	3	introduction	introduction	NOUN
easat-1861	10	4	recent	recent	ADJ
easat-1861	10	5	uncertainties	uncertainty	NOUN
easat-1861	10	6	in	in	ADP
easat-1861	10	7	the	the	DET
easat-1861	10	8	global	global	ADJ
easat-1861	10	9	economy	economy	NOUN
easat-1861	10	10	,	,	PUNCT
easat-1861	10	11	coupled	couple	VERB
easat-1861	10	12	with	with	ADP
easat-1861	10	13	the	the	DET
easat-1861	10	14	proliferation	proliferation	NOUN
easat-1861	10	15	of	of	ADP
easat-1861	10	16	advanced	advanced	ADJ
easat-1861	10	17	financial	financial	ADJ
easat-1861	10	18	technologies	technology	NOUN
easat-1861	10	19	and	and	CCONJ
easat-1861	10	20	algorithmic	algorithmic	ADJ
easat-1861	10	21	trading	trading	NOUN
easat-1861	10	22	,	,	PUNCT
easat-1861	10	23	have	have	AUX
easat-1861	10	24	led	lead	VERB
easat-1861	10	25	to	to	ADP
easat-1861	10	26	increased	increase	VERB
easat-1861	10	27	volatility	volatility	NOUN
easat-1861	10	28	in	in	ADP
easat-1861	10	29	international	international	ADJ
easat-1861	10	30	financial	financial	ADJ
easat-1861	10	31	markets	market	NOUN
easat-1861	10	32	.	.	PUNCT
easat-1861	11	1	key	key	ADJ
easat-1861	11	2	factors	factor	NOUN
easat-1861	11	3	contributing	contribute	VERB
easat-1861	11	4	to	to	ADP
easat-1861	11	5	heightened	heightened	ADJ
easat-1861	11	6	market	market	NOUN
easat-1861	11	7	volatility	volatility	NOUN
easat-1861	11	8	include	include	VERB
easat-1861	11	9	us	us	PROPN
easat-1861	11	10	interest	interest	NOUN
easat-1861	11	11	rate	rate	NOUN
easat-1861	11	12	hikes	hike	NOUN
easat-1861	11	13	,	,	PUNCT
easat-1861	11	14	political	political	ADJ
easat-1861	11	15	instability	instability	NOUN
easat-1861	11	16	,	,	PUNCT
easat-1861	11	17	trade	trade	NOUN
easat-1861	11	18	wars	war	NOUN
easat-1861	11	19	,	,	PUNCT
easat-1861	11	20	regulatory	regulatory	ADJ
easat-1861	11	21	constraints	constraint	NOUN
easat-1861	11	22	on	on	ADP
easat-1861	11	23	major	major	ADJ
easat-1861	11	24	financial	financial	ADJ
easat-1861	11	25	institutions	institution	NOUN
easat-1861	11	26	'	'	PART
easat-1861	11	27	risk	risk	NOUN
easat-1861	11	28	investments	investment	NOUN
easat-1861	11	29	,	,	PUNCT
easat-1861	11	30	as	as	ADV
easat-1861	11	31	well	well	ADV
easat-1861	11	32	as	as	ADP
easat-1861	11	33	potential	potential	ADJ
easat-1861	11	34	shifts	shift	NOUN
easat-1861	11	35	to	to	ADP
easat-1861	11	36	a	a	DET
easat-1861	11	37	tightening	tighten	VERB
easat-1861	11	38	monetary	monetary	ADJ
easat-1861	11	39	policy	policy	NOUN
easat-1861	11	40	in	in	ADP
easat-1861	11	41	china	china	PROPN
easat-1861	11	42	and	and	CCONJ
easat-1861	11	43	fiscal	fiscal	ADJ
easat-1861	11	44	crises	crisis	NOUN
easat-1861	11	45	in	in	ADP
easat-1861	11	46	europe	europe	PROPN
easat-1861	11	47	.	.	PUNCT
easat-1861	12	1	these	these	DET
easat-1861	12	2	global	global	ADJ
easat-1861	12	3	issues	issue	NOUN
easat-1861	12	4	significantly	significantly	ADV
easat-1861	12	5	impact	impact	VERB
easat-1861	12	6	various	various	ADJ
easat-1861	12	7	domestic	domestic	ADJ
easat-1861	12	8	industries	industry	NOUN
easat-1861	12	9	such	such	ADJ
easat-1861	12	10	as	as	ADP
easat-1861	12	11	financial	financial	ADJ
easat-1861	12	12	markets	market	NOUN
easat-1861	12	13	,	,	PUNCT
easat-1861	12	14	financial	financial	ADJ
easat-1861	12	15	industries	industry	NOUN
easat-1861	12	16	,	,	PUNCT
easat-1861	12	17	export	export	NOUN
easat-1861	12	18	industries	industry	NOUN
easat-1861	12	19	,	,	PUNCT
easat-1861	12	20	real	real	ADJ
easat-1861	12	21	estate	estate	NOUN
easat-1861	12	22	markets	market	NOUN
easat-1861	12	23	,	,	PUNCT
easat-1861	12	24	and	and	CCONJ
easat-1861	12	25	more	more	ADJ
easat-1861	12	26	,	,	PUNCT
easat-1861	12	27	including	include	VERB
easat-1861	12	28	the	the	DET
easat-1861	12	29	domestic	domestic	ADJ
easat-1861	12	30	financial	financial	ADJ
easat-1861	12	31	market	market	NOUN
easat-1861	12	32	sectors	sector	NOUN
easat-1861	12	33	,	,	PUNCT
easat-1861	12	34	which	which	PRON
easat-1861	12	35	involve	involve	VERB
easat-1861	12	36	foreign	foreign	ADJ
easat-1861	12	37	exchange	exchange	NOUN
easat-1861	12	38	,	,	PUNCT
easat-1861	12	39	stock	stock	NOUN
easat-1861	12	40	,	,	PUNCT
easat-1861	12	41	bond	bond	NOUN
easat-1861	12	42	,	,	PUNCT
easat-1861	12	43	and	and	CCONJ
easat-1861	12	44	short	short	ADJ
easat-1861	12	45	-	-	PUNCT
easat-1861	12	46	term	term	NOUN
easat-1861	12	47	capital	capital	NOUN
easat-1861	12	48	markets	market	NOUN
easat-1861	12	49	.	.	PUNCT
easat-1861	13	1	particularly	particularly	ADV
easat-1861	13	2	,	,	PUNCT
easat-1861	13	3	sustained	sustain	VERB
easat-1861	13	4	us	we	PRON
easat-1861	13	5	dollar	dollar	NOUN
easat-1861	13	6	strength	strength	NOUN
easat-1861	13	7	expands	expand	VERB
easat-1861	13	8	financial	financial	ADJ
easat-1861	13	9	market	market	NOUN
easat-1861	13	10	volatility	volatility	NOUN
easat-1861	13	11	,	,	PUNCT
easat-1861	13	12	increasing	increase	VERB
easat-1861	13	13	uncertainty	uncertainty	NOUN
easat-1861	13	14	in	in	ADP
easat-1861	13	15	both	both	CCONJ
easat-1861	13	16	domestic	domestic	ADJ
easat-1861	13	17	and	and	CCONJ
easat-1861	13	18	international	international	ADJ
easat-1861	13	19	stock	stock	NOUN
easat-1861	13	20	indices	index	NOUN
easat-1861	13	21	,	,	PUNCT
easat-1861	13	22	interest	interest	NOUN
easat-1861	13	23	rates	rate	NOUN
easat-1861	13	24	,	,	PUNCT
easat-1861	13	25	exchange	exchange	NOUN
easat-1861	13	26	rates	rate	NOUN
easat-1861	13	27	,	,	PUNCT
easat-1861	13	28	and	and	CCONJ
easat-1861	13	29	other	other	ADJ
easat-1861	13	30	factors	factor	NOUN
easat-1861	13	31	.	.	PUNCT
easat-1861	14	1	this	this	DET
easat-1861	14	2	acceleration	acceleration	NOUN
easat-1861	14	3	of	of	ADP
easat-1861	14	4	the	the	DET
easat-1861	14	5	safe	safe	ADJ
easat-1861	14	6	asset	asset	NOUN
easat-1861	14	7	preference	preference	NOUN
easat-1861	14	8	by	by	ADP
easat-1861	14	9	investors	investor	NOUN
easat-1861	14	10	can	can	AUX
easat-1861	14	11	result	result	VERB
easat-1861	14	12	in	in	ADP
easat-1861	14	13	significant	significant	ADJ
easat-1861	14	14	declines	decline	NOUN
easat-1861	14	15	in	in	ADP
easat-1861	14	16	stock	stock	NOUN
easat-1861	14	17	indices	index	NOUN
easat-1861	14	18	and	and	CCONJ
easat-1861	14	19	bond	bond	NOUN
easat-1861	14	20	prices	price	NOUN
easat-1861	14	21	.	.	PUNCT
easat-1861	15	1	it	it	PRON
easat-1861	15	2	also	also	ADV
easat-1861	15	3	affects	affect	VERB
easat-1861	15	4	domestic	domestic	ADJ
easat-1861	15	5	real	real	ADJ
easat-1861	15	6	economies	economy	NOUN
easat-1861	15	7	,	,	PUNCT
easat-1861	15	8	thereby	thereby	ADV
easat-1861	15	9	reducing	reduce	VERB
easat-1861	15	10	consumer	consumer	NOUN
easat-1861	15	11	and	and	CCONJ
easat-1861	15	12	investor	investor	NOUN
easat-1861	15	13	confidence	confidence	NOUN
easat-1861	15	14	and	and	CCONJ
easat-1861	15	15	hindering	hinder	VERB
easat-1861	15	16	economic	economic	ADJ
easat-1861	15	17	growth	growth	NOUN
easat-1861	15	18	rates	rate	NOUN
easat-1861	15	19	.	.	PUNCT
easat-1861	16	1	the	the	DET
easat-1861	16	2	volatility	volatility	NOUN
easat-1861	16	3	of	of	ADP
easat-1861	16	4	financial	financial	ADJ
easat-1861	16	5	asset	asset	NOUN
easat-1861	16	6	returns	return	NOUN
easat-1861	16	7	,	,	PUNCT
easat-1861	16	8	such	such	ADJ
easat-1861	16	9	as	as	ADP
easat-1861	16	10	derivatives	derivative	NOUN
easat-1861	16	11	,	,	PUNCT
easat-1861	16	12	stocks	stock	NOUN
easat-1861	16	13	,	,	PUNCT
easat-1861	16	14	futures	future	NOUN
easat-1861	16	15	,	,	PUNCT
easat-1861	16	16	exchange	exchange	NOUN
easat-1861	16	17	rates	rate	NOUN
easat-1861	16	18	,	,	PUNCT
easat-1861	16	19	etc	etc	X
easat-1861	16	20	.	.	X
easat-1861	16	21	,	,	PUNCT
easat-1861	16	22	is	be	AUX
easat-1861	16	23	a	a	DET
easat-1861	16	24	crucial	crucial	ADJ
easat-1861	16	25	element	element	NOUN
easat-1861	16	26	in	in	ADP
easat-1861	16	27	financial	financial	ADJ
easat-1861	16	28	trading	trading	NOUN
easat-1861	16	29	,	,	PUNCT
easat-1861	16	30	encompassing	encompass	VERB
easat-1861	16	31	risk	risk	NOUN
easat-1861	16	32	management	management	NOUN
easat-1861	16	33	,	,	PUNCT
easat-1861	16	34	derivative	derivative	ADJ
easat-1861	16	35	valuation	valuation	NOUN
easat-1861	16	36	,	,	PUNCT
easat-1861	16	37	and	and	CCONJ
easat-1861	16	38	portfolio	portfolio	NOUN
easat-1861	16	39	selection	selection	NOUN
easat-1861	16	40	.	.	PUNCT
easat-1861	17	1	the	the	DET
easat-1861	17	2	stock	stock	NOUN
easat-1861	17	3	market	market	NOUN
easat-1861	17	4	connects	connect	VERB
easat-1861	17	5	investors	investor	NOUN
easat-1861	17	6	like	like	ADP
easat-1861	17	7	enterprises	enterprise	NOUN
easat-1861	17	8	,	,	PUNCT
easat-1861	17	9	individuals	individual	NOUN
easat-1861	17	10	,	,	PUNCT
easat-1861	17	11	and	and	CCONJ
easat-1861	17	12	institutions	institution	NOUN
easat-1861	17	13	,	,	PUNCT
easat-1861	17	14	through	through	ADP
easat-1861	17	15	the	the	DET
easat-1861	17	16	securities	security	NOUN
easat-1861	17	17	issued	issue	VERB
easat-1861	17	18	by	by	ADP
easat-1861	17	19	businesses	business	NOUN
easat-1861	17	20	to	to	PART
easat-1861	17	21	raise	raise	VERB
easat-1861	17	22	industrial	industrial	ADJ
easat-1861	17	23	capital	capital	NOUN
easat-1861	17	24	within	within	ADP
easat-1861	17	25	a	a	DET
easat-1861	17	26	country	country	NOUN
easat-1861	17	27	's	's	PART
easat-1861	17	28	national	national	ADJ
easat-1861	17	29	economy	economy	NOUN
easat-1861	17	30	,	,	PUNCT
easat-1861	17	31	enabling	enable	VERB
easat-1861	17	32	efficient	efficient	ADJ
easat-1861	17	33	distribution	distribution	NOUN
easat-1861	17	34	of	of	ADP
easat-1861	17	35	capital	capital	NOUN
easat-1861	17	36	.	.	PUNCT
easat-1861	18	1	the	the	DET
easat-1861	18	2	expansion	expansion	NOUN
easat-1861	18	3	of	of	ADP
easat-1861	18	4	stock	stock	NOUN
easat-1861	18	5	market	market	NOUN
easat-1861	18	6	volatility	volatility	NOUN
easat-1861	18	7	can	can	AUX
easat-1861	18	8	weaken	weaken	VERB
easat-1861	18	9	the	the	DET
easat-1861	18	10	transmission	transmission	NOUN
easat-1861	18	11	of	of	ADP
easat-1861	18	12	information	information	NOUN
easat-1861	18	13	regarding	regard	VERB
easat-1861	18	14	corporate	corporate	ADJ
easat-1861	18	15	value	value	NOUN
easat-1861	18	16	,	,	PUNCT
easat-1861	18	17	resulting	result	VERB
easat-1861	18	18	in	in	ADP
easat-1861	18	19	misguided	misguided	ADJ
easat-1861	18	20	decision	decision	NOUN
easat-1861	18	21	-	-	PUNCT
easat-1861	18	22	making	making	NOUN
easat-1861	18	23	by	by	ADP
easat-1861	18	24	enterprises	enterprise	NOUN
easat-1861	18	25	,	,	PUNCT
easat-1861	18	26	1488	1488	NUM
easat-1861	18	27	edelweiss	edelweiss	PROPN
easat-1861	18	28	applied	apply	VERB
easat-1861	18	29	science	science	NOUN
easat-1861	18	30	and	and	CCONJ
easat-1861	18	31	technology	technology	NOUN
easat-1861	18	32	issn	issn	PROPN
easat-1861	18	33	:	:	PUNCT
easat-1861	18	34	2576	2576	NUM
easat-1861	18	35	-	-	SYM
easat-1861	18	36	8484	8484	NUM
easat-1861	18	37	vol	vol	NOUN
easat-1861	18	38	.	.	PROPN
easat-1861	19	1	8	8	NUM
easat-1861	19	2	,	,	PUNCT
easat-1861	19	3	no	no	INTJ
easat-1861	19	4	.	.	NOUN
easat-1861	19	5	5	5	NUM
easat-1861	19	6	:	:	SYM
easat-1861	19	7	1487	1487	NUM
easat-1861	19	8	-	-	SYM
easat-1861	19	9	1494	1494	NUM
easat-1861	19	10	,	,	PUNCT
easat-1861	19	11	2024	2024	NUM
easat-1861	19	12	doi	doi	NOUN
easat-1861	19	13	:	:	PUNCT
easat-1861	19	14	10.55214/25768484.v8i5.1861	10.55214/25768484.v8i5.1861	NUM
easat-1861	19	15	©	©	ADP
easat-1861	19	16	2024	2024	NUM
easat-1861	19	17	by	by	ADP
easat-1861	19	18	the	the	DET
easat-1861	19	19	author	author	NOUN
easat-1861	19	20	;	;	PUNCT
easat-1861	20	1	licensee	licensee	PROPN
easat-1861	20	2	learning	learn	VERB
easat-1861	20	3	gate	gate	NOUN
easat-1861	20	4	individuals	individual	NOUN
easat-1861	20	5	,	,	PUNCT
easat-1861	20	6	and	and	CCONJ
easat-1861	20	7	government	government	NOUN
easat-1861	20	8	officials	official	NOUN
easat-1861	20	9	[	[	X
easat-1861	20	10	1	1	NUM
easat-1861	20	11	]	]	PUNCT
easat-1861	20	12	.	.	PUNCT
easat-1861	21	1	factors	factor	NOUN
easat-1861	21	2	influencing	influence	VERB
easat-1861	21	3	stock	stock	NOUN
easat-1861	21	4	return	return	NOUN
easat-1861	21	5	volatility	volatility	NOUN
easat-1861	21	6	include	include	VERB
easat-1861	21	7	governmental	governmental	ADJ
easat-1861	21	8	legislation	legislation	NOUN
easat-1861	21	9	,	,	PUNCT
easat-1861	21	10	collective	collective	ADJ
easat-1861	21	11	bargaining	bargaining	NOUN
easat-1861	21	12	agreements	agreement	NOUN
easat-1861	21	13	,	,	PUNCT
easat-1861	21	14	and	and	CCONJ
easat-1861	21	15	policy	policy	NOUN
easat-1861	21	16	decisions	decision	NOUN
easat-1861	21	17	impacting	impact	VERB
easat-1861	21	18	the	the	DET
easat-1861	21	19	economy	economy	NOUN
easat-1861	21	20	,	,	PUNCT
easat-1861	21	21	as	as	ADV
easat-1861	21	22	well	well	ADV
easat-1861	21	23	as	as	ADP
easat-1861	21	24	inflation	inflation	NOUN
easat-1861	21	25	,	,	PUNCT
easat-1861	21	26	consumer	consumer	NOUN
easat-1861	21	27	spending	spending	NOUN
easat-1861	21	28	indicators	indicator	NOUN
easat-1861	21	29	,	,	PUNCT
easat-1861	21	30	and	and	CCONJ
easat-1861	21	31	gdp	gdp	NOUN
easat-1861	21	32	indicators	indicator	NOUN
easat-1861	21	33	potentially	potentially	ADV
easat-1861	21	34	influencing	influence	VERB
easat-1861	21	35	market	market	NOUN
easat-1861	21	36	performance	performance	NOUN
easat-1861	21	37	.	.	PUNCT
easat-1861	22	1	furthermore	furthermore	ADV
easat-1861	22	2	,	,	PUNCT
easat-1861	22	3	enhanced	enhance	VERB
easat-1861	22	4	governmental	governmental	ADJ
easat-1861	22	5	regulation	regulation	NOUN
easat-1861	22	6	in	in	ADP
easat-1861	22	7	specific	specific	ADJ
easat-1861	22	8	industries	industry	NOUN
easat-1861	22	9	and	and	CCONJ
easat-1861	22	10	the	the	DET
easat-1861	22	11	performance	performance	NOUN
easat-1861	22	12	of	of	ADP
easat-1861	22	13	individual	individual	ADJ
easat-1861	22	14	businesses	business	NOUN
easat-1861	22	15	,	,	PUNCT
easat-1861	22	16	such	such	ADJ
easat-1861	22	17	as	as	ADP
easat-1861	22	18	the	the	DET
easat-1861	22	19	launch	launch	NOUN
easat-1861	22	20	of	of	ADP
easat-1861	22	21	innovative	innovative	ADJ
easat-1861	22	22	products	product	NOUN
easat-1861	22	23	meeting	meet	VERB
easat-1861	22	24	consumer	consumer	NOUN
easat-1861	22	25	satisfaction	satisfaction	NOUN
easat-1861	22	26	,	,	PUNCT
easat-1861	22	27	also	also	ADV
easat-1861	22	28	affect	affect	VERB
easat-1861	22	29	volatility	volatility	NOUN
easat-1861	22	30	[	[	X
easat-1861	22	31	2	2	NUM
easat-1861	22	32	]	]	PUNCT
easat-1861	22	33	.	.	PUNCT
easat-1861	23	1	volatility	volatility	NOUN
easat-1861	23	2	serves	serve	VERB
easat-1861	23	3	as	as	ADP
easat-1861	23	4	an	an	DET
easat-1861	23	5	anticipated	anticipated	ADJ
easat-1861	23	6	indicator	indicator	NOUN
easat-1861	23	7	of	of	ADP
easat-1861	23	8	financial	financial	ADJ
easat-1861	23	9	asset	asset	NOUN
easat-1861	23	10	uncertainty	uncertainty	NOUN
easat-1861	23	11	and	and	CCONJ
easat-1861	23	12	price	price	NOUN
easat-1861	23	13	fluctuations	fluctuation	NOUN
easat-1861	23	14	.	.	PUNCT
easat-1861	24	1	the	the	DET
easat-1861	24	2	increase	increase	NOUN
easat-1861	24	3	in	in	ADP
easat-1861	24	4	stock	stock	NOUN
easat-1861	24	5	market	market	NOUN
easat-1861	24	6	volatility	volatility	NOUN
easat-1861	24	7	serves	serve	VERB
easat-1861	24	8	as	as	ADP
easat-1861	24	9	a	a	DET
easat-1861	24	10	destabilizing	destabilizing	ADJ
easat-1861	24	11	factor	factor	NOUN
easat-1861	24	12	due	due	ADP
easat-1861	24	13	to	to	ADP
easat-1861	24	14	changes	change	NOUN
easat-1861	24	15	in	in	ADP
easat-1861	24	16	political	political	ADJ
easat-1861	24	17	and	and	CCONJ
easat-1861	24	18	economic	economic	ADJ
easat-1861	24	19	performance	performance	NOUN
easat-1861	24	20	,	,	PUNCT
easat-1861	24	21	as	as	ADV
easat-1861	24	22	well	well	ADV
easat-1861	24	23	as	as	ADP
easat-1861	24	24	corporate	corporate	ADJ
easat-1861	24	25	activities	activity	NOUN
easat-1861	24	26	.	.	PUNCT
easat-1861	25	1	managing	manage	VERB
easat-1861	25	2	volatility	volatility	NOUN
easat-1861	25	3	is	be	AUX
easat-1861	25	4	crucial	crucial	ADJ
easat-1861	25	5	for	for	ADP
easat-1861	25	6	the	the	DET
easat-1861	25	7	stability	stability	NOUN
easat-1861	25	8	and	and	CCONJ
easat-1861	25	9	growth	growth	NOUN
easat-1861	25	10	of	of	ADP
easat-1861	25	11	the	the	DET
easat-1861	25	12	national	national	ADJ
easat-1861	25	13	economy	economy	NOUN
easat-1861	25	14	,	,	PUNCT
easat-1861	25	15	considering	consider	VERB
easat-1861	25	16	it	it	PRON
easat-1861	25	17	as	as	ADP
easat-1861	25	18	a	a	DET
easat-1861	25	19	key	key	ADJ
easat-1861	25	20	means	mean	NOUN
easat-1861	25	21	of	of	ADP
easat-1861	25	22	corporate	corporate	ADJ
easat-1861	25	23	financing	financing	NOUN
easat-1861	25	24	and	and	CCONJ
easat-1861	25	25	a	a	DET
easat-1861	25	26	representative	representative	ADJ
easat-1861	25	27	savings	saving	NOUN
easat-1861	25	28	method	method	NOUN
easat-1861	25	29	for	for	ADP
easat-1861	25	30	households	household	NOUN
easat-1861	25	31	.	.	PUNCT
easat-1861	26	1	stock	stock	NOUN
easat-1861	26	2	returns	return	NOUN
easat-1861	26	3	reflect	reflect	VERB
easat-1861	26	4	the	the	DET
easat-1861	26	5	intrinsic	intrinsic	ADJ
easat-1861	26	6	value	value	NOUN
easat-1861	26	7	of	of	ADP
easat-1861	26	8	companies	company	NOUN
easat-1861	26	9	and	and	CCONJ
easat-1861	26	10	are	be	AUX
easat-1861	26	11	therefore	therefore	ADV
easat-1861	26	12	utilized	utilize	VERB
easat-1861	26	13	as	as	ADP
easat-1861	26	14	a	a	DET
easat-1861	26	15	significant	significant	ADJ
easat-1861	26	16	indicator	indicator	NOUN
easat-1861	26	17	in	in	ADP
easat-1861	26	18	financial	financial	ADJ
easat-1861	26	19	markets	market	NOUN
easat-1861	26	20	.	.	PUNCT
easat-1861	27	1	therefore	therefore	ADV
easat-1861	27	2	,	,	PUNCT
easat-1861	27	3	this	this	DET
easat-1861	27	4	study	study	NOUN
easat-1861	27	5	aims	aim	VERB
easat-1861	27	6	to	to	PART
easat-1861	27	7	examine	examine	VERB
easat-1861	27	8	the	the	DET
easat-1861	27	9	volatility	volatility	NOUN
easat-1861	27	10	trends	trend	NOUN
easat-1861	27	11	of	of	ADP
easat-1861	27	12	the	the	DET
easat-1861	27	13	composite	composite	ADJ
easat-1861	27	14	stock	stock	NOUN
easat-1861	27	15	index	index	NOUN
easat-1861	27	16	using	use	VERB
easat-1861	27	17	the	the	DET
easat-1861	27	18	ar(m)-garch(p	ar(m)-garch(p	NOUN
easat-1861	27	19	,	,	PUNCT
easat-1861	27	20	q	q	NOUN
easat-1861	27	21	)	)	PUNCT
easat-1861	27	22	model	model	NOUN
easat-1861	27	23	,	,	PUNCT
easat-1861	27	24	which	which	PRON
easat-1861	27	25	combines	combine	VERB
easat-1861	27	26	autoregressive	autoregressive	ADJ
easat-1861	27	27	error	error	NOUN
easat-1861	27	28	and	and	CCONJ
easat-1861	27	29	garch(p	garch(p	NOUN
easat-1861	27	30	,	,	PUNCT
easat-1861	27	31	q	q	NOUN
easat-1861	27	32	)	)	PUNCT
easat-1861	27	33	models	model	NOUN
easat-1861	27	34	.	.	PUNCT
easat-1861	28	1	2	2	X
easat-1861	28	2	.	.	X
easat-1861	28	3	prior	prior	ADJ
easat-1861	28	4	research	research	NOUN
easat-1861	28	5	the	the	DET
easat-1861	28	6	volatility	volatility	NOUN
easat-1861	28	7	of	of	ADP
easat-1861	28	8	financial	financial	ADJ
easat-1861	28	9	assets	asset	NOUN
easat-1861	28	10	is	be	AUX
easat-1861	28	11	associated	associate	VERB
easat-1861	28	12	with	with	ADP
easat-1861	28	13	risk	risk	NOUN
easat-1861	28	14	premiums	premium	NOUN
easat-1861	28	15	and	and	CCONJ
easat-1861	28	16	plays	play	VERB
easat-1861	28	17	a	a	DET
easat-1861	28	18	crucial	crucial	ADJ
easat-1861	28	19	role	role	NOUN
easat-1861	28	20	in	in	ADP
easat-1861	28	21	the	the	DET
easat-1861	28	22	decision	decision	NOUN
easat-1861	28	23	-	-	PUNCT
easat-1861	28	24	making	making	NOUN
easat-1861	28	25	of	of	ADP
easat-1861	28	26	financial	financial	ADJ
easat-1861	28	27	participants	participant	NOUN
easat-1861	28	28	in	in	ADP
easat-1861	28	29	financial	financial	ADJ
easat-1861	28	30	transactions	transaction	NOUN
easat-1861	28	31	.	.	PUNCT
easat-1861	29	1	estimating	estimate	VERB
easat-1861	29	2	volatility	volatility	NOUN
easat-1861	29	3	in	in	ADP
easat-1861	29	4	financial	financial	ADJ
easat-1861	29	5	markets	market	NOUN
easat-1861	29	6	has	have	AUX
easat-1861	29	7	been	be	AUX
easat-1861	29	8	studied	study	VERB
easat-1861	29	9	extensively	extensively	ADV
easat-1861	29	10	over	over	ADP
easat-1861	29	11	the	the	DET
easat-1861	29	12	years	year	NOUN
easat-1861	29	13	,	,	PUNCT
easat-1861	29	14	with	with	SCONJ
easat-1861	29	15	a	a	DET
easat-1861	29	16	variety	variety	NOUN
easat-1861	29	17	of	of	ADP
easat-1861	29	18	research	research	NOUN
easat-1861	29	19	models	model	NOUN
easat-1861	29	20	developed	develop	VERB
easat-1861	29	21	.	.	PUNCT
easat-1861	30	1	considering	consider	VERB
easat-1861	30	2	the	the	DET
easat-1861	30	3	current	current	ADJ
easat-1861	30	4	expansion	expansion	NOUN
easat-1861	30	5	of	of	ADP
easat-1861	30	6	financial	financial	ADJ
easat-1861	30	7	market	market	NOUN
easat-1861	30	8	volatility	volatility	NOUN
easat-1861	30	9	due	due	ADP
easat-1861	30	10	to	to	ADP
easat-1861	30	11	factors	factor	NOUN
easat-1861	30	12	such	such	ADJ
easat-1861	30	13	as	as	ADP
easat-1861	30	14	intensified	intensify	VERB
easat-1861	30	15	inflation	inflation	NOUN
easat-1861	30	16	,	,	PUNCT
easat-1861	30	17	accelerated	accelerate	VERB
easat-1861	30	18	monetary	monetary	ADJ
easat-1861	30	19	tightening	tightening	NOUN
easat-1861	30	20	,	,	PUNCT
easat-1861	30	21	and	and	CCONJ
easat-1861	30	22	increased	increase	VERB
easat-1861	30	23	risk	risk	NOUN
easat-1861	30	24	of	of	ADP
easat-1861	30	25	economic	economic	ADJ
easat-1861	30	26	downturns	downturn	NOUN
easat-1861	30	27	,	,	PUNCT
easat-1861	30	28	volatility	volatility	NOUN
easat-1861	30	29	estimation	estimation	NOUN
easat-1861	30	30	remains	remain	VERB
easat-1861	30	31	a	a	DET
easat-1861	30	32	significant	significant	ADJ
easat-1861	30	33	issue	issue	NOUN
easat-1861	30	34	.	.	PUNCT
easat-1861	31	1	various	various	ADJ
easat-1861	31	2	existing	exist	VERB
easat-1861	31	3	research	research	NOUN
easat-1861	31	4	models	model	NOUN
easat-1861	31	5	for	for	ADP
easat-1861	31	6	volatility	volatility	NOUN
easat-1861	31	7	estimation	estimation	NOUN
easat-1861	31	8	include	include	VERB
easat-1861	31	9	:	:	PUNCT
easat-1861	31	10	engle	engle	NOUN
easat-1861	31	11	and	and	CCONJ
easat-1861	31	12	rangel	rangel	PROPN
easat-1861	31	13	(	(	PUNCT
easat-1861	31	14	2008	2008	NUM
easat-1861	31	15	)	)	PUNCT
easat-1861	31	16	proposed	propose	VERB
easat-1861	31	17	the	the	DET
easat-1861	31	18	spline	spline	ADJ
easat-1861	31	19	-	-	PUNCT
easat-1861	31	20	garch	garch	NOUN
easat-1861	31	21	model	model	NOUN
easat-1861	31	22	,	,	PUNCT
easat-1861	31	23	which	which	PRON
easat-1861	31	24	allows	allow	VERB
easat-1861	31	25	for	for	ADP
easat-1861	31	26	long	long	ADJ
easat-1861	31	27	-	-	PUNCT
easat-1861	31	28	term	term	NOUN
easat-1861	31	29	forecasting	forecasting	NOUN
easat-1861	31	30	of	of	ADP
easat-1861	31	31	volatility	volatility	NOUN
easat-1861	31	32	using	use	VERB
easat-1861	31	33	financial	financial	ADJ
easat-1861	31	34	market	market	NOUN
easat-1861	31	35	data	datum	NOUN
easat-1861	31	36	from	from	ADP
easat-1861	31	37	48	48	NUM
easat-1861	31	38	countries	country	NOUN
easat-1861	31	39	and	and	CCONJ
easat-1861	31	40	provides	provide	VERB
easat-1861	31	41	estimates	estimate	NOUN
easat-1861	31	42	for	for	ADP
easat-1861	31	43	expected	expect	VERB
easat-1861	31	44	volatility	volatility	NOUN
easat-1861	31	45	in	in	ADP
easat-1861	31	46	newly	newly	ADV
easat-1861	31	47	opened	open	VERB
easat-1861	31	48	markets	market	NOUN
easat-1861	31	49	[	[	X
easat-1861	31	50	3	3	NUM
easat-1861	31	51	]	]	PUNCT
easat-1861	31	52	.	.	PUNCT
easat-1861	32	1	conrad	conrad	PROPN
easat-1861	32	2	,	,	PUNCT
easat-1861	32	3	loch	loch	PROPN
easat-1861	32	4	,	,	PUNCT
easat-1861	32	5	and	and	CCONJ
easat-1861	32	6	rittler	rittler	NOUN
easat-1861	32	7	(	(	PUNCT
easat-1861	32	8	2014	2014	NUM
easat-1861	32	9	)	)	PUNCT
easat-1861	32	10	analyzed	analyze	VERB
easat-1861	32	11	long	long	ADJ
easat-1861	32	12	-	-	PUNCT
easat-1861	32	13	term	term	NOUN
easat-1861	32	14	correlations	correlation	NOUN
easat-1861	32	15	between	between	ADP
easat-1861	32	16	oil	oil	NOUN
easat-1861	32	17	and	and	CCONJ
easat-1861	32	18	us	us	PROPN
easat-1861	32	19	stock	stock	NOUN
easat-1861	32	20	returns	return	NOUN
easat-1861	32	21	using	use	VERB
easat-1861	32	22	the	the	DET
easat-1861	32	23	dcc	dcc	PROPN
easat-1861	32	24	-	-	PUNCT
easat-1861	32	25	midas	midas	PROPN
easat-1861	32	26	model	model	NOUN
easat-1861	33	1	[	[	X
easat-1861	33	2	4	4	NUM
easat-1861	33	3	]	]	PUNCT
easat-1861	33	4	.	.	PUNCT
easat-1861	34	1	chauvet	chauvet	NOUN
easat-1861	34	2	et	et	PROPN
easat-1861	34	3	al	al	PROPN
easat-1861	34	4	.	.	PROPN
easat-1861	35	1	(	(	PUNCT
easat-1861	35	2	2012	2012	NUM
easat-1861	35	3	)	)	PUNCT
easat-1861	35	4	analyzed	analyze	VERB
easat-1861	35	5	whether	whether	SCONJ
easat-1861	35	6	the	the	DET
easat-1861	35	7	symmetric	symmetric	ADJ
easat-1861	35	8	characteristics	characteristic	NOUN
easat-1861	35	9	of	of	ADP
easat-1861	35	10	financial	financial	ADJ
easat-1861	35	11	market	market	NOUN
easat-1861	35	12	volatility	volatility	NOUN
easat-1861	35	13	are	be	AUX
easat-1861	35	14	useful	useful	ADJ
easat-1861	35	15	for	for	ADP
easat-1861	35	16	predicting	predict	VERB
easat-1861	35	17	real	real	ADJ
easat-1861	35	18	economic	economic	ADJ
easat-1861	35	19	conditions	condition	NOUN
easat-1861	35	20	and	and	CCONJ
easat-1861	35	21	argued	argue	VERB
easat-1861	35	22	that	that	SCONJ
easat-1861	35	23	stock	stock	NOUN
easat-1861	35	24	volatility	volatility	NOUN
easat-1861	35	25	measures	measure	NOUN
easat-1861	35	26	and	and	CCONJ
easat-1861	35	27	common	common	ADJ
easat-1861	35	28	factors	factor	NOUN
easat-1861	35	29	improve	improve	VERB
easat-1861	35	30	the	the	DET
easat-1861	35	31	macroeconomic	macroeconomic	ADJ
easat-1861	35	32	forecasting	forecasting	NOUN
easat-1861	35	33	of	of	ADP
easat-1861	35	34	financial	financial	ADJ
easat-1861	35	35	indicators	indicator	NOUN
easat-1861	35	36	in	in	ADP
easat-1861	35	37	the	the	DET
easat-1861	35	38	short	short	ADJ
easat-1861	35	39	term	term	NOUN
easat-1861	36	1	[	[	X
easat-1861	36	2	5	5	NUM
easat-1861	36	3	]	]	PUNCT
easat-1861	36	4	.	.	PUNCT
easat-1861	37	1	conrad	conrad	PROPN
easat-1861	37	2	and	and	CCONJ
easat-1861	37	3	loch	loch	PROPN
easat-1861	37	4	(	(	PUNCT
easat-1861	37	5	2014	2014	NUM
easat-1861	37	6	)	)	PUNCT
easat-1861	37	7	used	use	VERB
easat-1861	37	8	the	the	DET
easat-1861	37	9	garch	garch	NOUN
easat-1861	37	10	-	-	PUNCT
easat-1861	37	11	midad	midad	NOUN
easat-1861	37	12	model	model	NOUN
easat-1861	37	13	to	to	PART
easat-1861	37	14	analyze	analyze	VERB
easat-1861	37	15	the	the	DET
easat-1861	37	16	relationship	relationship	NOUN
easat-1861	37	17	between	between	ADP
easat-1861	37	18	stock	stock	NOUN
easat-1861	37	19	market	market	NOUN
easat-1861	37	20	risk	risk	NOUN
easat-1861	37	21	and	and	CCONJ
easat-1861	37	22	the	the	DET
easat-1861	37	23	macroeconomic	macroeconomic	ADJ
easat-1861	37	24	environment	environment	NOUN
easat-1861	37	25	and	and	CCONJ
easat-1861	37	26	confirmed	confirm	VERB
easat-1861	37	27	that	that	SCONJ
easat-1861	37	28	the	the	DET
easat-1861	37	29	ability	ability	NOUN
easat-1861	37	30	to	to	PART
easat-1861	37	31	predict	predict	VERB
easat-1861	37	32	long	long	ADJ
easat-1861	37	33	-	-	PUNCT
easat-1861	37	34	term	term	NOUN
easat-1861	37	35	volatility	volatility	NOUN
easat-1861	37	36	of	of	ADP
easat-1861	37	37	stock	stock	NOUN
easat-1861	37	38	prices	price	NOUN
easat-1861	37	39	was	be	AUX
easat-1861	37	40	improved[6	improved[6	PROPN
easat-1861	37	41	]	]	PUNCT
easat-1861	37	42	.	.	PUNCT
easat-1861	38	1	asgharian	asgharian	ADJ
easat-1861	38	2	,	,	PUNCT
easat-1861	38	3	hou	hou	PROPN
easat-1861	38	4	,	,	PUNCT
easat-1861	38	5	and	and	CCONJ
easat-1861	38	6	javed	javed	ADJ
easat-1861	38	7	(	(	PUNCT
easat-1861	38	8	2013	2013	NUM
easat-1861	38	9	)	)	PUNCT
easat-1861	38	10	demonstrated	demonstrate	VERB
easat-1861	38	11	that	that	SCONJ
easat-1861	38	12	extracting	extract	VERB
easat-1861	38	13	common	common	ADJ
easat-1861	38	14	factors	factor	NOUN
easat-1861	38	15	from	from	ADP
easat-1861	38	16	various	various	ADJ
easat-1861	38	17	financial	financial	ADJ
easat-1861	38	18	and	and	CCONJ
easat-1861	38	19	macroeconomic	macroeconomic	ADJ
easat-1861	38	20	variables	variable	NOUN
easat-1861	38	21	and	and	CCONJ
easat-1861	38	22	incorporating	incorporate	VERB
easat-1861	38	23	them	they	PRON
easat-1861	38	24	into	into	ADP
easat-1861	38	25	the	the	DET
easat-1861	38	26	garch	garch	NOUN
easat-1861	38	27	-	-	PUNCT
easat-1861	38	28	midas	midas	PROPN
easat-1861	38	29	model	model	NOUN
easat-1861	38	30	improves	improve	VERB
easat-1861	38	31	its	its	PRON
easat-1861	38	32	predictive	predictive	ADJ
easat-1861	38	33	ability	ability	NOUN
easat-1861	38	34	[	[	X
easat-1861	38	35	7	7	NUM
easat-1861	38	36	]	]	PUNCT
easat-1861	38	37	.	.	PUNCT
easat-1861	39	1	seung	seung	PROPN
easat-1861	39	2	hee	hee	PROPN
easat-1861	39	3	lee	lee	PROPN
easat-1861	39	4	and	and	CCONJ
easat-1861	39	5	hee	hee	PROPN
easat-1861	39	6	joon	joon	PROPN
easat-1861	39	7	han	han	PROPN
easat-1861	39	8	(	(	PUNCT
easat-1861	39	9	2016	2016	NUM
easat-1861	39	10	)	)	PUNCT
easat-1861	39	11	analyzed	analyze	VERB
easat-1861	39	12	the	the	DET
easat-1861	39	13	volatility	volatility	NOUN
easat-1861	39	14	of	of	ADP
easat-1861	39	15	kospi	kospi	NOUN
easat-1861	39	16	index	index	NOUN
easat-1861	39	17	returns	return	NOUN
easat-1861	39	18	using	use	VERB
easat-1861	39	19	a	a	DET
easat-1861	39	20	semiparametric	semiparametric	ADJ
easat-1861	39	21	single	single	ADJ
easat-1861	39	22	-	-	PUNCT
easat-1861	39	23	index	index	NOUN
easat-1861	39	24	volatility	volatility	NOUN
easat-1861	39	25	model	model	NOUN
easat-1861	39	26	combining	combine	VERB
easat-1861	39	27	garch	garch	NOUN
easat-1861	39	28	models	model	NOUN
easat-1861	39	29	explaining	explain	VERB
easat-1861	39	30	short	short	ADJ
easat-1861	39	31	-	-	PUNCT
easat-1861	39	32	term	term	NOUN
easat-1861	39	33	fluctuations	fluctuation	NOUN
easat-1861	39	34	and	and	CCONJ
easat-1861	39	35	single	single	ADJ
easat-1861	39	36	-	-	PUNCT
easat-1861	39	37	index	index	NOUN
easat-1861	39	38	models	model	NOUN
easat-1861	39	39	explaining	explain	VERB
easat-1861	39	40	long	long	ADJ
easat-1861	39	41	-	-	PUNCT
easat-1861	39	42	term	term	NOUN
easat-1861	39	43	volatility	volatility	NOUN
easat-1861	39	44	fluctuations	fluctuation	NOUN
easat-1861	39	45	,	,	PUNCT
easat-1861	39	46	demonstrating	demonstrate	VERB
easat-1861	39	47	that	that	SCONJ
easat-1861	39	48	the	the	DET
easat-1861	39	49	long	long	ADJ
easat-1861	39	50	-	-	PUNCT
easat-1861	39	51	term	term	NOUN
easat-1861	39	52	volatility	volatility	NOUN
easat-1861	39	53	of	of	ADP
easat-1861	39	54	the	the	DET
easat-1861	39	55	korean	korean	ADJ
easat-1861	39	56	stock	stock	NOUN
easat-1861	39	57	market	market	NOUN
easat-1861	39	58	is	be	AUX
easat-1861	39	59	best	well	ADV
easat-1861	39	60	explained	explain	VERB
easat-1861	39	61	when	when	SCONJ
easat-1861	39	62	using	use	VERB
easat-1861	39	63	the	the	DET
easat-1861	39	64	housing	housing	NOUN
easat-1861	39	65	price	price	NOUN
easat-1861	39	66	index	index	NOUN
easat-1861	39	67	[	[	X
easat-1861	39	68	8	8	NUM
easat-1861	39	69	]	]	PUNCT
easat-1861	39	70	.	.	PUNCT
easat-1861	40	1	young	young	ADJ
easat-1861	41	1	i	i	PRON
easat-1861	41	2	m	m	VERB
easat-1861	41	3	lee	lee	PROPN
easat-1861	41	4	and	and	CCONJ
easat-1861	41	5	jin	jin	PROPN
easat-1861	41	6	lee	lee	PROPN
easat-1861	41	7	(	(	PUNCT
easat-1861	41	8	2017	2017	NUM
easat-1861	41	9	)	)	PUNCT
easat-1861	41	10	showed	show	VERB
easat-1861	41	11	that	that	SCONJ
easat-1861	41	12	the	the	DET
easat-1861	41	13	garch	garch	NOUN
easat-1861	41	14	-	-	PUNCT
easat-1861	41	15	midas	midas	PROPN
easat-1861	41	16	model	model	NOUN
easat-1861	41	17	effectively	effectively	ADV
easat-1861	41	18	explains	explain	VERB
easat-1861	41	19	domestic	domestic	ADJ
easat-1861	41	20	stock	stock	NOUN
easat-1861	41	21	market	market	NOUN
easat-1861	41	22	volatility	volatility	NOUN
easat-1861	41	23	by	by	ADP
easat-1861	41	24	reflecting	reflect	VERB
easat-1861	41	25	not	not	PART
easat-1861	41	26	only	only	ADV
easat-1861	41	27	domestic	domestic	ADJ
easat-1861	41	28	macroeconomic	macroeconomic	ADJ
easat-1861	41	29	variables	variable	NOUN
easat-1861	41	30	but	but	CCONJ
easat-1861	41	31	also	also	ADV
easat-1861	41	32	international	international	ADJ
easat-1861	41	33	variables	variable	NOUN
easat-1861	41	34	such	such	ADJ
easat-1861	41	35	as	as	ADP
easat-1861	41	36	overseas	overseas	ADJ
easat-1861	41	37	prices	price	NOUN
easat-1861	41	38	,	,	PUNCT
easat-1861	41	39	oil	oil	NOUN
easat-1861	41	40	prices	price	NOUN
easat-1861	41	41	,	,	PUNCT
easat-1861	41	42	and	and	CCONJ
easat-1861	41	43	production	production	NOUN
easat-1861	42	1	[	[	X
easat-1861	42	2	9	9	NUM
easat-1861	42	3	]	]	PUNCT
easat-1861	42	4	.	.	PUNCT
easat-1861	43	1	do	do	VERB
easat-1861	43	2	kyun	kyun	PROPN
easat-1861	43	3	chun	chun	PROPN
easat-1861	43	4	(	(	PUNCT
easat-1861	43	5	2017	2017	NUM
easat-1861	43	6	)	)	PUNCT
easat-1861	43	7	compared	compare	VERB
easat-1861	43	8	and	and	CCONJ
easat-1861	43	9	analyzed	analyze	VERB
easat-1861	43	10	the	the	DET
easat-1861	43	11	volatility	volatility	NOUN
easat-1861	43	12	of	of	ADP
easat-1861	43	13	exchange	exchange	NOUN
easat-1861	43	14	rates	rate	NOUN
easat-1861	43	15	such	such	ADJ
easat-1861	43	16	as	as	ADP
easat-1861	43	17	usd	usd	NOUN
easat-1861	43	18	-	-	PUNCT
easat-1861	43	19	krw	krw	NOUN
easat-1861	43	20	,	,	PUNCT
easat-1861	43	21	jpy	jpy	PROPN
easat-1861	43	22	-	-	PUNCT
easat-1861	43	23	krw	krw	PROPN
easat-1861	43	24	,	,	PUNCT
easat-1861	43	25	eur	eur	PROPN
easat-1861	43	26	-	-	PUNCT
easat-1861	43	27	krw	krw	NOUN
easat-1861	43	28	,	,	PUNCT
easat-1861	43	29	and	and	CCONJ
easat-1861	43	30	gbp	gbp	NOUN
easat-1861	43	31	-	-	PUNCT
easat-1861	43	32	krw	krw	NOUN
easat-1861	43	33	using	use	VERB
easat-1861	43	34	stochastic	stochastic	ADJ
easat-1861	43	35	volatility	volatility	NOUN
easat-1861	43	36	models	model	NOUN
easat-1861	43	37	and	and	CCONJ
easat-1861	43	38	garch(1,1	garch(1,1	NOUN
easat-1861	43	39	)	)	PUNCT
easat-1861	43	40	models	model	NOUN
easat-1861	43	41	to	to	PART
easat-1861	43	42	explain	explain	VERB
easat-1861	43	43	exchange	exchange	NOUN
easat-1861	43	44	rate	rate	NOUN
easat-1861	43	45	volatility	volatility	NOUN
easat-1861	43	46	[	[	X
easat-1861	43	47	10	10	NUM
easat-1861	43	48	]	]	PUNCT
easat-1861	43	49	.	.	PUNCT
easat-1861	44	1	and	and	CCONJ
easat-1861	44	2	conrad	conrad	PROPN
easat-1861	44	3	and	and	CCONJ
easat-1861	44	4	kleen	kleen	PROPN
easat-1861	44	5	(	(	PUNCT
easat-1861	44	6	2020	2020	NUM
easat-1861	44	7	)	)	PUNCT
easat-1861	44	8	argued	argue	VERB
easat-1861	44	9	that	that	SCONJ
easat-1861	44	10	the	the	DET
easat-1861	44	11	mixed	mixed	ADJ
easat-1861	44	12	-	-	PUNCT
easat-1861	44	13	frequency	frequency	NOUN
easat-1861	44	14	garch	garch	NOUN
easat-1861	44	15	model	model	NOUN
easat-1861	44	16	has	have	VERB
easat-1861	44	17	significant	significant	ADJ
easat-1861	44	18	explanatory	explanatory	ADJ
easat-1861	44	19	power	power	NOUN
easat-1861	44	20	for	for	ADP
easat-1861	44	21	long	long	ADJ
easat-1861	44	22	-	-	PUNCT
easat-1861	44	23	memory	memory	NOUN
easat-1861	44	24	processes	process	NOUN
easat-1861	44	25	and	and	CCONJ
easat-1861	44	26	types	type	NOUN
easat-1861	44	27	of	of	ADP
easat-1861	44	28	long	long	ADJ
easat-1861	44	29	autocorrelation	autocorrelation	NOUN
easat-1861	44	30	similar	similar	ADJ
easat-1861	44	31	to	to	ADP
easat-1861	44	32	volatility	volatility	NOUN
easat-1861	44	33	processes	process	NOUN
easat-1861	44	34	such	such	ADJ
easat-1861	44	35	as	as	ADP
easat-1861	44	36	squared	squared	ADJ
easat-1861	44	37	returns	return	NOUN
easat-1861	44	38	[	[	X
easat-1861	44	39	11	11	NUM
easat-1861	44	40	]	]	PUNCT
easat-1861	44	41	.	.	PUNCT
easat-1861	45	1	3	3	X
easat-1861	45	2	.	.	X
easat-1861	45	3	research	research	NOUN
easat-1861	45	4	model	model	NOUN
easat-1861	45	5	3.1	3.1	NUM
easat-1861	45	6	.	.	PUNCT
easat-1861	46	1	data	datum	NOUN
easat-1861	46	2	transformation	transformation	NOUN
easat-1861	46	3	the	the	DET
easat-1861	46	4	data	data	NOUN
easat-1861	46	5	consists	consist	VERB
easat-1861	46	6	of	of	ADP
easat-1861	46	7	monthly	monthly	ADJ
easat-1861	46	8	data	datum	NOUN
easat-1861	46	9	of	of	ADP
easat-1861	46	10	the	the	DET
easat-1861	46	11	composite	composite	ADJ
easat-1861	46	12	stock	stock	NOUN
easat-1861	46	13	index	index	NOUN
easat-1861	46	14	from	from	ADP
easat-1861	46	15	january	january	PROPN
easat-1861	46	16	2005	2005	NUM
easat-1861	46	17	to	to	ADP
easat-1861	46	18	december	december	PROPN
easat-1861	46	19	2022	2022	NUM
easat-1861	46	20	.	.	PUNCT
easat-1861	47	1	1489	1489	NUM
easat-1861	47	2	edelweiss	edelweiss	PROPN
easat-1861	47	3	applied	apply	VERB
easat-1861	47	4	science	science	NOUN
easat-1861	47	5	and	and	CCONJ
easat-1861	47	6	technology	technology	NOUN
easat-1861	47	7	issn	issn	PROPN
easat-1861	47	8	:	:	PUNCT
easat-1861	47	9	2576	2576	NUM
easat-1861	47	10	-	-	SYM
easat-1861	47	11	8484	8484	NUM
easat-1861	47	12	vol	vol	NOUN
easat-1861	47	13	.	.	PROPN
easat-1861	47	14	8	8	NUM
easat-1861	47	15	,	,	PUNCT
easat-1861	47	16	no	no	INTJ
easat-1861	47	17	.	.	NOUN
easat-1861	47	18	5	5	NUM
easat-1861	47	19	:	:	SYM
easat-1861	47	20	1487	1487	NUM
easat-1861	47	21	-	-	SYM
easat-1861	47	22	1494	1494	NUM
easat-1861	47	23	,	,	PUNCT
easat-1861	47	24	2024	2024	NUM
easat-1861	47	25	doi	doi	NOUN
easat-1861	47	26	:	:	PUNCT
easat-1861	47	27	10.55214/25768484.v8i5.1861	10.55214/25768484.v8i5.1861	NUM
easat-1861	47	28	©	©	ADP
easat-1861	47	29	2024	2024	NUM
easat-1861	47	30	by	by	ADP
easat-1861	47	31	the	the	DET
easat-1861	47	32	author	author	NOUN
easat-1861	47	33	;	;	PUNCT
easat-1861	47	34	licensee	licensee	PROPN
easat-1861	47	35	learning	learn	VERB
easat-1861	47	36	gate	gate	NOUN
easat-1861	47	37	in	in	ADP
easat-1861	47	38	this	this	DET
easat-1861	47	39	study	study	NOUN
easat-1861	47	40	,	,	PUNCT
easat-1861	47	41	to	to	PART
easat-1861	47	42	estimate	estimate	VERB
easat-1861	47	43	the	the	DET
easat-1861	47	44	volatility	volatility	NOUN
easat-1861	47	45	of	of	ADP
easat-1861	47	46	the	the	DET
easat-1861	47	47	composite	composite	ADJ
easat-1861	47	48	stock	stock	NOUN
easat-1861	47	49	index	index	NOUN
easat-1861	47	50	,	,	PUNCT
easat-1861	47	51	we	we	PRON
easat-1861	47	52	transformed	transform	VERB
easat-1861	47	53	the	the	DET
easat-1861	47	54	original	original	ADJ
easat-1861	47	55	data	datum	NOUN
easat-1861	47	56	by	by	ADP
easat-1861	47	57	taking	take	VERB
easat-1861	47	58	the	the	DET
easat-1861	47	59	natural	natural	ADJ
easat-1861	47	60	logarithm	logarithm	NOUN
easat-1861	47	61	to	to	PART
easat-1861	47	62	use	use	VERB
easat-1861	47	63	relative	relative	ADJ
easat-1861	47	64	changes	change	NOUN
easat-1861	47	65	.	.	PUNCT
easat-1861	48	1	specifically	specifically	ADV
easat-1861	48	2	,	,	PUNCT
easat-1861	48	3	at	at	ADP
easat-1861	48	4	time	time	NOUN
easat-1861	48	5	𝑡	𝑡	PROPN
easat-1861	48	6	,	,	PUNCT
easat-1861	48	7	if	if	SCONJ
easat-1861	48	8	the	the	DET
easat-1861	48	9	value	value	NOUN
easat-1861	48	10	of	of	ADP
easat-1861	48	11	the	the	DET
easat-1861	48	12	composite	composite	ADJ
easat-1861	48	13	stock	stock	NOUN
easat-1861	48	14	index	index	NOUN
easat-1861	48	15	is	be	AUX
easat-1861	48	16	𝑃𝑡	𝑃𝑡	PROPN
easat-1861	48	17	,	,	PUNCT
easat-1861	48	18	the	the	DET
easat-1861	48	19	formula	formula	NOUN
easat-1861	48	20	for	for	ADP
easat-1861	48	21	calculating	calculate	VERB
easat-1861	48	22	returns	return	NOUN
easat-1861	48	23	is	be	AUX
easat-1861	48	24	given	give	VERB
easat-1861	48	25	by	by	ADP
easat-1861	48	26	equation	equation	NOUN
easat-1861	48	27	(	(	PUNCT
easat-1861	48	28	1	1	NUM
easat-1861	48	29	)	)	PUNCT
easat-1861	48	30	.	.	PUNCT
easat-1861	49	1	𝑍𝑡	𝑍𝑡	NOUN
easat-1861	49	2	=	=	SYM
easat-1861	49	3	𝑙𝑜𝑔	𝑙𝑜𝑔	NOUN
easat-1861	49	4	(	(	PUNCT
easat-1861	49	5	𝑃𝑡	𝑃𝑡	PROPN
easat-1861	49	6	𝑃𝑡−1	𝑃𝑡−1	ADJ
easat-1861	49	7	)	)	PUNCT
easat-1861	49	8	(	(	PUNCT
easat-1861	49	9	1	1	X
easat-1861	49	10	)	)	PUNCT
easat-1861	49	11	where	where	SCONJ
easat-1861	49	12	,	,	PUNCT
easat-1861	49	13	the	the	DET
easat-1861	49	14	logarithmic	logarithmic	ADJ
easat-1861	49	15	return	return	NOUN
easat-1861	49	16	of	of	ADP
easat-1861	49	17	the	the	DET
easat-1861	49	18	composite	composite	ADJ
easat-1861	49	19	stock	stock	NOUN
easat-1861	49	20	index	index	NOUN
easat-1861	49	21	at	at	ADP
easat-1861	49	22	time	time	NOUN
easat-1861	50	1	[	[	X
easat-1861	50	2	𝑡	𝑡	X
easat-1861	50	3	−	−	NOUN
easat-1861	50	4	1	1	NUM
easat-1861	50	5	,	,	PUNCT
easat-1861	50	6	𝑡	𝑡	PROPN
easat-1861	50	7	]	]	PUNCT
easat-1861	50	8	derived	derive	VERB
easat-1861	50	9	from	from	ADP
easat-1861	50	10	equation	equation	NOUN
easat-1861	50	11	(	(	PUNCT
easat-1861	50	12	1	1	X
easat-1861	50	13	)	)	PUNCT
easat-1861	50	14	is	be	AUX
easat-1861	50	15	referred	refer	VERB
easat-1861	50	16	to	to	ADP
easat-1861	50	17	as	as	ADP
easat-1861	50	18	log	log	NOUN
easat-1861	50	19	-	-	PUNCT
easat-1861	50	20	return	return	NOUN
easat-1861	50	21	.	.	PUNCT
easat-1861	51	1	3.2	3.2	NUM
easat-1861	51	2	.	.	PUNCT
easat-1861	51	3	ar(m)-garch(p	ar(m)-garch(p	NOUN
easat-1861	51	4	,	,	PUNCT
easat-1861	51	5	q	q	NOUN
easat-1861	51	6	)	)	PUNCT
easat-1861	51	7	model	model	NOUN
easat-1861	51	8	the	the	DET
easat-1861	51	9	ar(m)-garch(p	ar(m)-garch(p	PROPN
easat-1861	51	10	,	,	PUNCT
easat-1861	51	11	q	q	NOUN
easat-1861	51	12	)	)	PUNCT
easat-1861	51	13	model	model	NOUN
easat-1861	51	14	combines	combine	VERB
easat-1861	51	15	an	an	DET
easat-1861	51	16	autoregressive	autoregressive	ADJ
easat-1861	51	17	model	model	NOUN
easat-1861	51	18	of	of	ADP
easat-1861	51	19	order	order	NOUN
easat-1861	51	20	m	m	VERB
easat-1861	51	21	for	for	ADP
easat-1861	51	22	the	the	DET
easat-1861	51	23	errors	error	NOUN
easat-1861	51	24	and	and	CCONJ
easat-1861	51	25	a	a	DET
easat-1861	51	26	model	model	NOUN
easat-1861	51	27	where	where	SCONJ
easat-1861	51	28	the	the	DET
easat-1861	51	29	variance	variance	NOUN
easat-1861	51	30	of	of	ADP
easat-1861	51	31	the	the	DET
easat-1861	51	32	errors	error	NOUN
easat-1861	51	33	follows	follow	VERB
easat-1861	51	34	a	a	DET
easat-1861	51	35	garch(p	garch(p	PROPN
easat-1861	51	36	,	,	PUNCT
easat-1861	51	37	q	q	NOUN
easat-1861	51	38	)	)	PUNCT
easat-1861	51	39	process	process	NOUN
easat-1861	51	40	,	,	PUNCT
easat-1861	51	41	and	and	CCONJ
easat-1861	51	42	is	be	AUX
easat-1861	51	43	expressed	express	VERB
easat-1861	51	44	as	as	SCONJ
easat-1861	51	45	follows	follow	VERB
easat-1861	51	46	.	.	PUNCT
easat-1861	52	1	𝑍𝑡	𝑍𝑡	NOUN
easat-1861	52	2	=	=	PUNCT
easat-1861	52	3	𝑥𝑡	𝑥𝑡	NOUN
easat-1861	52	4	′	′	NUM
easat-1861	52	5	𝛽	𝛽	NOUN
easat-1861	52	6	+	+	CCONJ
easat-1861	52	7	𝜀𝑡	𝜀𝑡	NOUN
easat-1861	52	8	𝜀𝑡	𝜀𝑡	NOUN
easat-1861	52	9	=	=	SYM
easat-1861	52	10	−𝜙1	−𝜙1	NOUN
easat-1861	52	11	𝜀𝑡−1	𝜀𝑡−1	VERB
easat-1861	52	12	−	−	PROPN
easat-1861	52	13	⋯	⋯	NOUN
easat-1861	52	14	−	−	PROPN
easat-1861	52	15	𝜙𝑚𝜀𝑡−𝑚	𝜙𝑚𝜀𝑡−𝑚	PROPN
easat-1861	53	1	+	+	CCONJ
easat-1861	53	2	𝜈𝑡	𝜈𝑡	VERB
easat-1861	53	3	𝜈𝑡	𝜈𝑡	NOUN
easat-1861	53	4	=	=	SYM
easat-1861	54	1	𝜎𝑡	𝜎𝑡	NUM
easat-1861	54	2	𝑢𝑡	𝑢𝑡	NOUN
easat-1861	54	3	,	,	PUNCT
easat-1861	54	4	𝑢𝑡~𝑖.	𝑢𝑡~𝑖.	ADV
easat-1861	54	5	𝑖.	𝑖.	NOUN
easat-1861	54	6	𝑑	𝑑	VERB
easat-1861	54	7	𝑁(0,1	𝑁(0,1	NOUN
easat-1861	54	8	)	)	PUNCT
easat-1861	54	9	𝜎𝑡	𝜎𝑡	ADP
easat-1861	54	10	2	2	NUM
easat-1861	54	11	=	=	SYM
easat-1861	54	12	𝛼0	𝛼0	PROPN
easat-1861	55	1	+	+	CCONJ
easat-1861	55	2	∑	∑	PROPN
easat-1861	55	3	𝛼𝑖𝜈𝑡−𝑖	𝛼𝑖𝜈𝑡−𝑖	PROPN
easat-1861	55	4	𝑞	𝑞	X
easat-1861	55	5	𝑖=1	𝑖=1	PROPN
easat-1861	56	1	+	+	CCONJ
easat-1861	56	2	⋯	⋯	VERB
easat-1861	56	3	+	+	NOUN
easat-1861	56	4	∑	∑	PROPN
easat-1861	56	5	𝛽𝑗	𝛽𝑗	PROPN
easat-1861	56	6	𝜎𝑡−𝑗	𝜎𝑡−𝑗	PROPN
easat-1861	56	7	2𝑝	2𝑝	PROPN
easat-1861	56	8	𝑗=1	𝑗=1	PROPN
easat-1861	56	9	(	(	PUNCT
easat-1861	56	10	2	2	NUM
easat-1861	56	11	)	)	PUNCT
easat-1861	56	12	where	where	SCONJ
easat-1861	56	13	,	,	PUNCT
easat-1861	56	14	(	(	PUNCT
easat-1861	56	15	equation	equation	NOUN
easat-1861	56	16	2	2	NUM
easat-1861	56	17	)	)	PUNCT
easat-1861	56	18	must	must	AUX
easat-1861	56	19	satisfy	satisfy	VERB
easat-1861	56	20	𝛼0	𝛼0	PROPN
easat-1861	56	21	>	>	X
easat-1861	56	22	0	0	PROPN
easat-1861	56	23	,	,	PUNCT
easat-1861	56	24	𝛼𝑖	𝛼𝑖	PRON
easat-1861	56	25	≥	≥	NOUN
easat-1861	56	26	0	0	NUM
easat-1861	56	27	,	,	PUNCT
easat-1861	56	28	𝛽𝑗	𝛽𝑗	PRON
easat-1861	56	29	≥	≥	NOUN
easat-1861	56	30	0	0	NUM
easat-1861	56	31	,	,	PUNCT
easat-1861	56	32	∑	∑	PROPN
easat-1861	56	33	𝛼𝑖	𝛼𝑖	ADP
easat-1861	56	34	𝑞	𝑞	X
easat-1861	56	35	𝑖=1	𝑖=1	PROPN
easat-1861	57	1	+	+	CCONJ
easat-1861	57	2	∑	∑	PROPN
easat-1861	57	3	𝛽𝑗	𝛽𝑗	PROPN
easat-1861	57	4	𝑝	𝑝	PROPN
easat-1861	57	5	𝑗=1	𝑗=1	PROPN
easat-1861	57	6	<	<	X
easat-1861	57	7	1	1	NUM
easat-1861	57	8	.	.	PUNCT
easat-1861	57	9	an	an	DET
easat-1861	57	10	autoregressive	autoregressive	ADJ
easat-1861	57	11	error	error	NOUN
easat-1861	57	12	model	model	NOUN
easat-1861	57	13	utilizes	utilize	VERB
easat-1861	57	14	local	local	ADJ
easat-1861	57	15	information	information	NOUN
easat-1861	57	16	when	when	SCONJ
easat-1861	57	17	there	there	PRON
easat-1861	57	18	is	be	VERB
easat-1861	57	19	autocorrelation	autocorrelation	NOUN
easat-1861	57	20	among	among	ADP
easat-1861	57	21	error	error	NOUN
easat-1861	57	22	terms	term	NOUN
easat-1861	57	23	,	,	PUNCT
easat-1861	57	24	allowing	allow	VERB
easat-1861	57	25	for	for	ADP
easat-1861	57	26	more	more	ADV
easat-1861	57	27	accurate	accurate	ADJ
easat-1861	57	28	estimation	estimation	NOUN
easat-1861	57	29	and	and	CCONJ
easat-1861	57	30	prediction	prediction	NOUN
easat-1861	57	31	.	.	PUNCT
easat-1861	58	1	the	the	DET
easat-1861	58	2	garch(p	garch(p	PROPN
easat-1861	58	3	,	,	PUNCT
easat-1861	58	4	q	q	NOUN
easat-1861	58	5	)	)	PUNCT
easat-1861	58	6	model	model	NOUN
easat-1861	58	7	,	,	PUNCT
easat-1861	58	8	on	on	ADP
easat-1861	58	9	the	the	DET
easat-1861	58	10	other	other	ADJ
easat-1861	58	11	hand	hand	NOUN
easat-1861	58	12	,	,	PUNCT
easat-1861	58	13	uses	use	VERB
easat-1861	58	14	the	the	DET
easat-1861	58	15	squares	square	NOUN
easat-1861	58	16	of	of	ADP
easat-1861	58	17	all	all	DET
easat-1861	58	18	past	past	ADJ
easat-1861	58	19	residuals	residual	NOUN
easat-1861	58	20	to	to	PART
easat-1861	58	21	explain	explain	VERB
easat-1861	58	22	variance	variance	NOUN
easat-1861	58	23	,	,	PUNCT
easat-1861	58	24	enabling	enable	VERB
easat-1861	58	25	estimation	estimation	NOUN
easat-1861	58	26	of	of	ADP
easat-1861	58	27	volatility	volatility	NOUN
easat-1861	58	28	over	over	ADP
easat-1861	58	29	long	long	ADJ
easat-1861	58	30	lags	lag	NOUN
easat-1861	58	31	with	with	ADP
easat-1861	58	32	fewer	few	ADJ
easat-1861	58	33	parameters	parameter	NOUN
easat-1861	58	34	.	.	PUNCT
easat-1861	59	1	3.3	3.3	NUM
easat-1861	59	2	.	.	PUNCT
easat-1861	60	1	heteroscedasticity	heteroscedasticity	NOUN
easat-1861	60	2	test	test	NOUN
easat-1861	60	3	statistical	statistical	ADJ
easat-1861	60	4	tests	test	NOUN
easat-1861	60	5	such	such	ADJ
easat-1861	60	6	as	as	ADP
easat-1861	60	7	the	the	DET
easat-1861	60	8	portmanteau	portmanteau	NOUN
easat-1861	60	9	q	q	NOUN
easat-1861	60	10	-	-	PUNCT
easat-1861	60	11	test	test	NOUN
easat-1861	60	12	and	and	CCONJ
easat-1861	60	13	the	the	DET
easat-1861	60	14	lagrange	lagrange	NOUN
easat-1861	60	15	multiplier	multipli	ADJ
easat-1861	60	16	test	test	NOUN
easat-1861	60	17	(	(	PUNCT
easat-1861	60	18	lm	lm	NOUN
easat-1861	60	19	-	-	PUNCT
easat-1861	60	20	test	test	NOUN
easat-1861	60	21	)	)	PUNCT
easat-1861	60	22	are	be	AUX
easat-1861	60	23	employed	employ	VERB
easat-1861	60	24	to	to	PART
easat-1861	60	25	test	test	VERB
easat-1861	60	26	for	for	ADP
easat-1861	60	27	the	the	DET
easat-1861	60	28	presence	presence	NOUN
easat-1861	60	29	of	of	ADP
easat-1861	60	30	autocorrelation	autocorrelation	NOUN
easat-1861	60	31	among	among	ADP
easat-1861	60	32	squared	squared	ADJ
easat-1861	60	33	errors	error	NOUN
easat-1861	60	34	.	.	PUNCT
easat-1861	61	1	the	the	DET
easat-1861	61	2	statistic	statistic	NOUN
easat-1861	61	3	for	for	ADP
easat-1861	61	4	the	the	DET
easat-1861	61	5	portmanteau	portmanteau	NOUN
easat-1861	61	6	q	q	NOUN
easat-1861	61	7	-	-	PUNCT
easat-1861	61	8	test	test	NOUN
easat-1861	61	9	is	be	AUX
easat-1861	61	10	as	as	SCONJ
easat-1861	61	11	follows	follow	VERB
easat-1861	61	12	[	[	X
easat-1861	61	13	12	12	NUM
easat-1861	61	14	]	]	PUNCT
easat-1861	61	15	,	,	PUNCT
easat-1861	61	16	𝑄	𝑄	PROPN
easat-1861	61	17	=	=	PUNCT
easat-1861	61	18	𝑇(𝑇	𝑇(𝑇	NOUN
easat-1861	61	19	+	+	CCONJ
easat-1861	61	20	2	2	NUM
easat-1861	61	21	)	)	PUNCT
easat-1861	61	22	∑	∑	PUNCT
easat-1861	61	23	𝐶𝑜𝑟𝑟(𝜈𝑡	𝐶𝑜𝑟𝑟(𝜈𝑡	VERB
easat-1861	61	24	2̂,𝜈𝑡−𝑖	2̂,𝜈𝑡−𝑖	PROPN
easat-1861	61	25	2̂	2̂	NUM
easat-1861	61	26	)	)	PUNCT
easat-1861	62	1	(	(	PUNCT
easat-1861	62	2	𝑇	𝑇	PROPN
easat-1861	62	3	−	−	PROPN
easat-1861	62	4	𝑖	𝑖	NOUN
easat-1861	62	5	)	)	PUNCT
easat-1861	62	6	𝑞	𝑞	X
easat-1861	62	7	𝑖=1	𝑖=1	PROPN
easat-1861	62	8	(	(	PUNCT
easat-1861	62	9	3	3	NUM
easat-1861	62	10	)	)	PUNCT
easat-1861	62	11	and	and	CCONJ
easat-1861	62	12	the	the	DET
easat-1861	62	13	statistics	statistic	NOUN
easat-1861	62	14	for	for	ADP
easat-1861	62	15	lagrange	lagrange	PROPN
easat-1861	62	16	multiplier	multipli	ADJ
easat-1861	62	17	test	test	NOUN
easat-1861	62	18	is	be	AUX
easat-1861	62	19	as	as	SCONJ
easat-1861	62	20	follows	follow	VERB
easat-1861	62	21	[	[	X
easat-1861	62	22	13	13	NUM
easat-1861	62	23	]	]	PUNCT
easat-1861	62	24	.	.	PUNCT
easat-1861	63	1	𝐿𝑀	𝐿𝑀	PROPN
easat-1861	63	2	=	=	SYM
easat-1861	63	3	𝑇	𝑇	PROPN
easat-1861	63	4	𝑊′	𝑊′	NOUN
easat-1861	63	5	𝑍(𝑍′𝑍)−1	𝑍(𝑍′𝑍)−1	NUM
easat-1861	63	6	𝑍′	𝑍′	NOUN
easat-1861	63	7	𝑊	𝑊	NOUN
easat-1861	63	8	𝑊′	𝑊′	NOUN
easat-1861	63	9	𝑊	𝑊	PROPN
easat-1861	63	10	(	(	PUNCT
easat-1861	63	11	4	4	NUM
easat-1861	63	12	)	)	SYM
easat-1861	63	13	4	4	NUM
easat-1861	63	14	.	.	PUNCT
easat-1861	64	1	research	research	NOUN
easat-1861	64	2	results	result	VERB
easat-1861	64	3	4.1	4.1	NUM
easat-1861	64	4	.	.	PUNCT
easat-1861	65	1	volatility	volatility	NOUN
easat-1861	65	2	of	of	ADP
easat-1861	65	3	log	log	NOUN
easat-1861	65	4	returns	return	NOUN
easat-1861	65	5	and	and	CCONJ
easat-1861	65	6	heteroskedasticity	heteroskedasticity	NOUN
easat-1861	65	7	test	test	NOUN
easat-1861	65	8	it	it	PRON
easat-1861	65	9	was	be	AUX
easat-1861	65	10	observed	observe	VERB
easat-1861	65	11	that	that	SCONJ
easat-1861	65	12	the	the	DET
easat-1861	65	13	squared	square	VERB
easat-1861	65	14	data	datum	NOUN
easat-1861	65	15	of	of	ADP
easat-1861	65	16	the	the	DET
easat-1861	65	17	kospi	kospi	PROPN
easat-1861	65	18	index	index	PROPN
easat-1861	65	19	's	's	PART
easat-1861	65	20	log	log	NOUN
easat-1861	65	21	returns	return	NOUN
easat-1861	65	22	exhibit	exhibit	VERB
easat-1861	65	23	a	a	DET
easat-1861	65	24	clustering	clustering	ADJ
easat-1861	65	25	and	and	CCONJ
easat-1861	65	26	persistence	persistence	NOUN
easat-1861	65	27	phenomenon	phenomenon	NOUN
easat-1861	65	28	of	of	ADP
easat-1861	65	29	volatility	volatility	NOUN
easat-1861	65	30	,	,	PUNCT
easat-1861	65	31	where	where	SCONJ
easat-1861	65	32	once	once	SCONJ
easat-1861	65	33	volatility	volatility	NOUN
easat-1861	65	34	increases	increase	VERB
easat-1861	65	35	,	,	PUNCT
easat-1861	65	36	it	it	PRON
easat-1861	65	37	tends	tend	VERB
easat-1861	65	38	to	to	PART
easat-1861	65	39	remain	remain	VERB
easat-1861	65	40	high	high	ADJ
easat-1861	65	41	for	for	ADP
easat-1861	65	42	a	a	DET
easat-1861	65	43	period	period	NOUN
easat-1861	65	44	,	,	PUNCT
easat-1861	65	45	and	and	CCONJ
easat-1861	65	46	similarly	similarly	ADV
easat-1861	65	47	,	,	PUNCT
easat-1861	65	48	once	once	SCONJ
easat-1861	65	49	it	it	PRON
easat-1861	65	50	decreases	decrease	VERB
easat-1861	65	51	,	,	PUNCT
easat-1861	65	52	it	it	PRON
easat-1861	65	53	stays	stay	VERB
easat-1861	65	54	low	low	ADJ
easat-1861	65	55	for	for	ADP
easat-1861	65	56	a	a	DET
easat-1861	65	57	certain	certain	ADJ
easat-1861	65	58	duration	duration	NOUN
easat-1861	65	59	figure	figure	NOUN
easat-1861	65	60	1	1	NUM
easat-1861	65	61	.	.	X
easat-1861	65	62	1490	1490	NUM
easat-1861	65	63	edelweiss	edelweiss	PROPN
easat-1861	65	64	applied	apply	VERB
easat-1861	65	65	science	science	NOUN
easat-1861	65	66	and	and	CCONJ
easat-1861	65	67	technology	technology	NOUN
easat-1861	65	68	issn	issn	PROPN
easat-1861	65	69	:	:	PUNCT
easat-1861	65	70	2576	2576	NUM
easat-1861	65	71	-	-	SYM
easat-1861	65	72	8484	8484	NUM
easat-1861	65	73	vol	vol	NOUN
easat-1861	65	74	.	.	PROPN
easat-1861	66	1	8	8	NUM
easat-1861	66	2	,	,	PUNCT
easat-1861	66	3	no	no	INTJ
easat-1861	66	4	.	.	NOUN
easat-1861	66	5	5	5	NUM
easat-1861	66	6	:	:	SYM
easat-1861	66	7	1487	1487	NUM
easat-1861	66	8	-	-	SYM
easat-1861	66	9	1494	1494	NUM
easat-1861	66	10	,	,	PUNCT
easat-1861	66	11	2024	2024	NUM
easat-1861	66	12	doi	doi	NOUN
easat-1861	66	13	:	:	PUNCT
easat-1861	66	14	10.55214/25768484.v8i5.1861	10.55214/25768484.v8i5.1861	NUM
easat-1861	66	15	©	©	ADP
easat-1861	66	16	2024	2024	NUM
easat-1861	66	17	by	by	ADP
easat-1861	66	18	the	the	DET
easat-1861	66	19	author	author	NOUN
easat-1861	66	20	;	;	PUNCT
easat-1861	66	21	licensee	licensee	PROPN
easat-1861	66	22	learning	learn	VERB
easat-1861	66	23	gate	gate	NOUN
easat-1861	66	24	figure	figure	NOUN
easat-1861	66	25	1	1	NUM
easat-1861	66	26	.	.	PUNCT
easat-1861	67	1	volatility	volatility	NOUN
easat-1861	67	2	of	of	ADP
easat-1861	67	3	squared	square	VERB
easat-1861	67	4	log	log	NOUN
easat-1861	67	5	returns	return	NOUN
easat-1861	67	6	.	.	PUNCT
easat-1861	68	1	the	the	DET
easat-1861	68	2	portmanteau	portmanteau	ADJ
easat-1861	68	3	q	q	NOUN
easat-1861	68	4	-	-	PUNCT
easat-1861	68	5	test	test	NOUN
easat-1861	68	6	results	result	NOUN
easat-1861	68	7	for	for	ADP
easat-1861	68	8	the	the	DET
easat-1861	68	9	squared	square	VERB
easat-1861	68	10	log	log	NOUN
easat-1861	68	11	returns	return	NOUN
easat-1861	68	12	of	of	ADP
easat-1861	68	13	the	the	DET
easat-1861	68	14	kospi	kospi	NOUN
easat-1861	68	15	index	index	NOUN
easat-1861	68	16	show	show	VERB
easat-1861	68	17	that	that	SCONJ
easat-1861	68	18	the	the	DET
easat-1861	68	19	p	p	ADJ
easat-1861	68	20	values	value	NOUN
easat-1861	68	21	of	of	ADP
easat-1861	68	22	the	the	DET
easat-1861	68	23	chi	chi	ADJ
easat-1861	68	24	-	-	PUNCT
easat-1861	68	25	square	square	ADJ
easat-1861	68	26	statistics	statistic	NOUN
easat-1861	68	27	are	be	AUX
easat-1861	68	28	smaller	small	ADJ
easat-1861	68	29	than	than	ADP
easat-1861	68	30	the	the	DET
easat-1861	68	31	significance	significance	NOUN
easat-1861	68	32	level	level	NOUN
easat-1861	68	33	at	at	ADP
easat-1861	68	34	all	all	DET
easat-1861	68	35	lags	lag	NOUN
easat-1861	68	36	(	(	PUNCT
easat-1861	68	37	lag	lag	VERB
easat-1861	68	38	1	1	NUM
easat-1861	68	39	to	to	PART
easat-1861	68	40	lag	lag	VERB
easat-1861	68	41	30	30	NUM
easat-1861	68	42	)	)	PUNCT
easat-1861	68	43	.	.	PUNCT
easat-1861	69	1	this	this	PRON
easat-1861	69	2	indicates	indicate	VERB
easat-1861	69	3	that	that	SCONJ
easat-1861	69	4	the	the	DET
easat-1861	69	5	squared	square	VERB
easat-1861	69	6	log	log	NOUN
easat-1861	69	7	returns	return	NOUN
easat-1861	69	8	of	of	ADP
easat-1861	69	9	the	the	DET
easat-1861	69	10	kospi	kospi	NOUN
easat-1861	69	11	index	index	NOUN
easat-1861	69	12	exhibit	exhibit	VERB
easat-1861	69	13	significant	significant	ADJ
easat-1861	69	14	autocorrelation	autocorrelation	NOUN
easat-1861	69	15	in	in	ADP
easat-1861	69	16	variance	variance	NOUN
easat-1861	69	17	,	,	PUNCT
easat-1861	69	18	suggesting	suggest	VERB
easat-1861	69	19	that	that	SCONJ
easat-1861	69	20	they	they	PRON
easat-1861	69	21	are	be	AUX
easat-1861	69	22	not	not	PART
easat-1861	69	23	independent	independent	ADJ
easat-1861	69	24	table	table	NOUN
easat-1861	69	25	1	1	NUM
easat-1861	69	26	.	.	PUNCT
easat-1861	69	27	table	table	NOUN
easat-1861	69	28	1	1	NUM
easat-1861	69	29	.	.	PUNCT
easat-1861	70	1	portmanteau	portmanteau	PROPN
easat-1861	70	2	q	q	NOUN
easat-1861	70	3	-	-	PUNCT
easat-1861	70	4	test	test	NOUN
easat-1861	70	5	of	of	ADP
easat-1861	70	6	squared	square	VERB
easat-1861	70	7	log	log	NOUN
easat-1861	70	8	returns	return	NOUN
easat-1861	70	9	.	.	PUNCT
easat-1861	71	1	to	to	AUX
easat-1861	71	2	lags	lag	VERB
easat-1861	71	3	chi	chi	ADJ
easat-1861	71	4	-	-	PUNCT
easat-1861	71	5	square	square	ADJ
easat-1861	71	6	pr	pr	NOUN
easat-1861	71	7	>	>	X
easat-1861	71	8	chisq	chisq	PROPN
easat-1861	71	9	autocorrelation	autocorrelation	NOUN
easat-1861	71	10	coefficient	coefficient	NOUN
easat-1861	71	11	6	6	NUM
easat-1861	71	12	14.11	14.11	NUM
easat-1861	71	13	0.0285	0.0285	NUM
easat-1861	71	14	0.010	0.010	NUM
easat-1861	71	15	0.057	0.057	NUM
easat-1861	71	16	0.054	0.054	NUM
easat-1861	71	17	0.104	0.104	NUM
easat-1861	71	18	0.142	0.142	NUM
easat-1861	71	19	0.062	0.062	NUM
easat-1861	71	20	12	12	NUM
easat-1861	71	21	37.90	37.90	NUM
easat-1861	71	22	0.0002	0.0002	NUM
easat-1861	71	23	-0.019	-0.019	VERB
easat-1861	71	24	0.073	0.073	NUM
easat-1861	71	25	0.308	0.308	NUM
easat-1861	71	26	-0.053	-0.053	NUM
easat-1861	71	27	0.044	0.044	NUM
easat-1861	71	28	-0.008	-0.008	NUM
easat-1861	71	29	18	18	NUM
easat-1861	71	30	45.09	45.09	NUM
easat-1861	71	31	0.0004	0.0004	NUM
easat-1861	71	32	-0.018	-0.018	PUNCT
easat-1861	71	33	0.072	0.072	NUM
easat-1861	71	34	0.077	0.077	NUM
easat-1861	71	35	-0.079	-0.079	PUNCT
easat-1861	71	36	0.101	0.101	NUM
easat-1861	71	37	0.053	0.053	NUM
easat-1861	71	38	24	24	NUM
easat-1861	71	39	46.16	46.16	NUM
easat-1861	71	40	0.0042	0.0042	NUM
easat-1861	71	41	0.004	0.004	NUM
easat-1861	71	42	0.023	0.023	NUM
easat-1861	71	43	0.020	0.020	NUM
easat-1861	71	44	0.027	0.027	NUM
easat-1861	71	45	0.043	0.043	NUM
easat-1861	71	46	-0.030	-0.030	NUM
easat-1861	71	47	30	30	NUM
easat-1861	71	48	50.82	50.82	NUM
easat-1861	71	49	0.0102	0.0102	NUM
easat-1861	71	50	0.014	0.014	NUM
easat-1861	71	51	0.088	0.088	NUM
easat-1861	71	52	0.032	0.032	NUM
easat-1861	71	53	0.031	0.031	NUM
easat-1861	71	54	0.084	0.084	NUM
easat-1861	71	55	0.044	0.044	NUM
easat-1861	71	56	furthermore	furthermore	ADV
easat-1861	71	57	,	,	PUNCT
easat-1861	71	58	heteroskedasticity	heteroskedasticity	NOUN
easat-1861	71	59	testing	testing	NOUN
easat-1861	71	60	of	of	ADP
easat-1861	71	61	the	the	DET
easat-1861	71	62	kospi	kospi	PROPN
easat-1861	71	63	index	index	PROPN
easat-1861	71	64	's	's	PART
easat-1861	71	65	log	log	NOUN
easat-1861	71	66	return	return	NOUN
easat-1861	71	67	data	datum	NOUN
easat-1861	71	68	using	use	VERB
easat-1861	71	69	the	the	DET
easat-1861	71	70	portmanteau	portmanteau	NOUN
easat-1861	71	71	q	q	NOUN
easat-1861	71	72	-	-	PUNCT
easat-1861	71	73	test	test	NOUN
easat-1861	71	74	and	and	CCONJ
easat-1861	71	75	the	the	DET
easat-1861	71	76	lagrange	lagrange	NOUN
easat-1861	71	77	multiplier	multipli	ADJ
easat-1861	71	78	test	test	NOUN
easat-1861	71	79	indicates	indicate	VERB
easat-1861	71	80	that	that	SCONJ
easat-1861	71	81	conditional	conditional	ADJ
easat-1861	71	82	heteroskedasticity	heteroskedasticity	NOUN
easat-1861	71	83	is	be	AUX
easat-1861	71	84	present	present	ADJ
easat-1861	71	85	from	from	ADP
easat-1861	71	86	lag	lag	NOUN
easat-1861	71	87	5	5	NUM
easat-1861	71	88	onwards	onwards	ADV
easat-1861	71	89	in	in	ADP
easat-1861	71	90	the	the	DET
easat-1861	71	91	portmanteau	portmanteau	NOUN
easat-1861	71	92	q	q	NOUN
easat-1861	71	93	-	-	PUNCT
easat-1861	71	94	test	test	NOUN
easat-1861	71	95	and	and	CCONJ
easat-1861	71	96	from	from	ADP
easat-1861	71	97	lag	lag	NOUN
easat-1861	71	98	6	6	NUM
easat-1861	71	99	onwards	onwards	ADV
easat-1861	71	100	in	in	ADP
easat-1861	71	101	the	the	DET
easat-1861	71	102	lagrange	lagrange	NOUN
easat-1861	71	103	multiplier	multipli	ADJ
easat-1861	71	104	test	test	NOUN
easat-1861	71	105	table	table	NOUN
easat-1861	71	106	2	2	NUM
easat-1861	71	107	.	.	PUNCT
easat-1861	71	108	table	table	NOUN
easat-1861	71	109	2	2	NUM
easat-1861	71	110	.	.	PUNCT
easat-1861	71	111	heteroscedasticity	heteroscedasticity	NOUN
easat-1861	71	112	test	test	NOUN
easat-1861	71	113	of	of	ADP
easat-1861	71	114	log	log	NOUN
easat-1861	71	115	returns	return	NOUN
easat-1861	71	116	.	.	PUNCT
easat-1861	72	1	order	order	AUX
easat-1861	72	2	q	q	X
easat-1861	72	3	pr	pr	VERB
easat-1861	72	4	>	>	PUNCT
easat-1861	72	5	q	q	PUNCT
easat-1861	73	1	lm	lm	INTJ
easat-1861	73	2	pr	pr	X
easat-1861	73	3	>	>	X
easat-1861	73	4	lm	lm	INTJ
easat-1861	73	5	1	1	NUM
easat-1861	73	6	0.3601	0.3601	NUM
easat-1861	73	7	0.5484	0.5484	NUM
easat-1861	73	8	1.3854	1.3854	NUM
easat-1861	73	9	0.5796	0.5796	NUM
easat-1861	73	10	2	2	NUM
easat-1861	73	11	1.6216	1.6216	NUM
easat-1861	73	12	0.4445	0.4445	NUM
easat-1861	73	13	3.0364	3.0364	NUM
easat-1861	73	14	0.4969	0.4969	NUM
easat-1861	73	15	3	3	NUM
easat-1861	73	16	2.7409	2.7409	NUM
easat-1861	73	17	0.4333	0.4333	NUM
easat-1861	73	18	4.2241	4.2241	NUM
easat-1861	73	19	0.5218	0.5218	NUM
easat-1861	73	20	4	4	NUM
easat-1861	73	21	5.4209	5.4209	NUM
easat-1861	73	22	0.2468	0.2468	NUM
easat-1861	73	23	5.1208	5.1208	NUM
easat-1861	73	24	0.3625	0.3625	NUM
easat-1861	73	25	1491	1491	NUM
easat-1861	73	26	edelweiss	edelweiss	PROPN
easat-1861	73	27	applied	apply	VERB
easat-1861	73	28	science	science	NOUN
easat-1861	73	29	and	and	CCONJ
easat-1861	73	30	technology	technology	NOUN
easat-1861	73	31	issn	issn	PROPN
easat-1861	73	32	:	:	PUNCT
easat-1861	73	33	2576	2576	NUM
easat-1861	73	34	-	-	SYM
easat-1861	73	35	8484	8484	NUM
easat-1861	73	36	vol	vol	NOUN
easat-1861	73	37	.	.	PROPN
easat-1861	73	38	8	8	NUM
easat-1861	73	39	,	,	PUNCT
easat-1861	73	40	no	no	INTJ
easat-1861	73	41	.	.	NOUN
easat-1861	73	42	5	5	NUM
easat-1861	73	43	:	:	SYM
easat-1861	73	44	1487	1487	NUM
easat-1861	73	45	-	-	SYM
easat-1861	73	46	1494	1494	NUM
easat-1861	73	47	,	,	PUNCT
easat-1861	73	48	2024	2024	NUM
easat-1861	73	49	doi	doi	NOUN
easat-1861	73	50	:	:	PUNCT
easat-1861	73	51	10.55214/25768484.v8i5.1861	10.55214/25768484.v8i5.1861	NUM
easat-1861	73	52	©	©	ADP
easat-1861	73	53	2024	2024	NUM
easat-1861	73	54	by	by	ADP
easat-1861	73	55	the	the	DET
easat-1861	73	56	author	author	NOUN
easat-1861	73	57	;	;	PUNCT
easat-1861	73	58	licensee	licensee	PROPN
easat-1861	73	59	learning	learning	NOUN
easat-1861	73	60	gate	gate	NOUN
easat-1861	73	61	5	5	NUM
easat-1861	73	62	11.8788	11.8788	NUM
easat-1861	73	63	0.0635	0.0635	NUM
easat-1861	73	64	8.2247	8.2247	NUM
easat-1861	73	65	0.0937	0.0937	NUM
easat-1861	73	66	6	6	NUM
easat-1861	73	67	20.0082	20.0082	NUM
easat-1861	73	68	0.0028	0.0028	NUM
easat-1861	73	69	10.2041	10.2041	NUM
easat-1861	73	70	0.0193	0.0193	NUM
easat-1861	73	71	7	7	NUM
easat-1861	73	72	20.0326	20.0326	NUM
easat-1861	73	73	0.0055	0.0055	NUM
easat-1861	73	74	16.2311	16.2311	NUM
easat-1861	73	75	0.0290	0.0290	NUM
easat-1861	73	76	8	8	NUM
easat-1861	73	77	22.2291	22.2291	NUM
easat-1861	73	78	0.0045	0.0045	NUM
easat-1861	73	79	18.5124	18.5124	NUM
easat-1861	73	80	0.0408	0.0408	NUM
easat-1861	73	81	9	9	NUM
easat-1861	73	82	45.1552	45.1552	NUM
easat-1861	73	83	<	<	X
easat-1861	73	84	.0001	.0001	X
easat-1861	73	85	21.3645	21.3645	NUM
easat-1861	73	86	0.0001	0.0001	NUM
easat-1861	73	87	10	10	NUM
easat-1861	73	88	45.9518	45.9518	NUM
easat-1861	73	89	<	<	X
easat-1861	73	90	.0001	.0001	X
easat-1861	73	91	22.0142	22.0142	NUM
easat-1861	73	92	<	<	X
easat-1861	73	93	.0001	.0001	X
easat-1861	73	94	11	11	NUM
easat-1861	73	95	46.5010	46.5010	NUM
easat-1861	73	96	<	<	X
easat-1861	73	97	.0001	.0001	X
easat-1861	73	98	22.5716	22.5716	NUM
easat-1861	73	99	<	<	X
easat-1861	73	100	.0001	.0001	X
easat-1861	73	101	12	12	NUM
easat-1861	73	102	46.5207	46.5207	NUM
easat-1861	73	103	<	<	X
easat-1861	73	104	.0001	.0001	X
easat-1861	73	105	23.8715	23.8715	NUM
easat-1861	73	106	0.0001	0.0001	NUM
easat-1861	73	107	4.2	4.2	NUM
easat-1861	73	108	.	.	PUNCT
easat-1861	74	1	autoregressive	autoregressive	ADJ
easat-1861	74	2	error	error	NOUN
easat-1861	74	3	model	model	NOUN
easat-1861	74	4	the	the	DET
easat-1861	74	5	ar	ar	NOUN
easat-1861	74	6	order	order	NOUN
easat-1861	74	7	of	of	ADP
easat-1861	74	8	the	the	DET
easat-1861	74	9	autoregressive	autoregressive	ADJ
easat-1861	74	10	error	error	NOUN
easat-1861	74	11	model	model	NOUN
easat-1861	74	12	was	be	AUX
easat-1861	74	13	determined	determine	VERB
easat-1861	74	14	to	to	PART
easat-1861	74	15	be	be	AUX
easat-1861	74	16	𝑇1/3	𝑇1/3	ADJ
easat-1861	74	17	,	,	PUNCT
easat-1861	74	18	and	and	CCONJ
easat-1861	74	19	significant	significant	ADJ
easat-1861	74	20	parameters	parameter	NOUN
easat-1861	74	21	estimated	estimate	VERB
easat-1861	74	22	by	by	ADP
easat-1861	74	23	backward	backward	ADJ
easat-1861	74	24	elimination	elimination	NOUN
easat-1861	74	25	showed	show	VERB
easat-1861	74	26	𝜙3	𝜙3	PROPN
easat-1861	74	27	,	,	PUNCT
easat-1861	74	28	𝜙6	𝜙6	NOUN
easat-1861	74	29	to	to	PART
easat-1861	74	30	be	be	AUX
easat-1861	74	31	significant	significant	ADJ
easat-1861	74	32	at	at	ADP
easat-1861	74	33	the	the	DET
easat-1861	74	34	5	5	NUM
easat-1861	74	35	%	%	NOUN
easat-1861	74	36	significance	significance	NOUN
easat-1861	74	37	level	level	NOUN
easat-1861	74	38	(	(	PUNCT
easat-1861	74	39	table	table	NOUN
easat-1861	74	40	3	3	NUM
easat-1861	74	41	)	)	PUNCT
easat-1861	74	42	.	.	PUNCT
easat-1861	75	1	table	table	NOUN
easat-1861	75	2	3	3	NUM
easat-1861	75	3	.	.	X
easat-1861	76	1	estimation	estimation	NOUN
easat-1861	76	2	of	of	ADP
easat-1861	76	3	parameters	parameter	NOUN
easat-1861	76	4	for	for	ADP
easat-1861	76	5	the	the	DET
easat-1861	76	6	ar	ar	PROPN
easat-1861	76	7	(	(	PUNCT
easat-1861	76	8	3,6	3,6	NUM
easat-1861	76	9	)	)	PUNCT
easat-1861	76	10	model	model	NOUN
easat-1861	76	11	.	.	PUNCT
easat-1861	77	1	ar	ar	PROPN
easat-1861	77	2	(	(	PUNCT
easat-1861	77	3	3,6	3,6	NUM
easat-1861	77	4	)	)	PUNCT
easat-1861	77	5	model	model	NOUN
easat-1861	77	6	parameter	parameter	NOUN
easat-1861	77	7	estimates	estimate	VERB
easat-1861	77	8	variable	variable	ADJ
easat-1861	77	9	estimate	estimate	VERB
easat-1861	77	10	s.	s.	PROPN
easat-1861	77	11	e	e	PROPN
easat-1861	77	12	t	t	PROPN
easat-1861	77	13	-value	-value	ADJ
easat-1861	77	14	pr	pr	X
easat-1861	77	15	>	>	X
easat-1861	77	16	|t|	|t|	NOUN
easat-1861	77	17	intercept	intercept	NOUN
easat-1861	77	18	0.0004024	0.0004024	NUM
easat-1861	77	19	0.000136	0.000136	NUM
easat-1861	77	20	2.01	2.01	NUM
easat-1861	77	21	0.0224	0.0224	NUM
easat-1861	77	22	ar3	ar3	NOUN
easat-1861	77	23	-0.1423	-0.1423	NOUN
easat-1861	77	24	0.0680	0.0680	NUM
easat-1861	77	25	-2.21	-2.21	NUM
easat-1861	77	26	0.0366	0.0366	NUM
easat-1861	77	27	ar6	ar6	NOUN
easat-1861	77	28	0.1484	0.1484	NUM
easat-1861	77	29	0.0695	0.0695	NUM
easat-1861	77	30	2.13	2.13	NUM
easat-1861	77	31	0.0339	0.0339	NUM
easat-1861	77	32	therefore	therefore	ADV
easat-1861	77	33	,	,	PUNCT
easat-1861	77	34	the	the	DET
easat-1861	77	35	autoregressive	autoregressive	ADJ
easat-1861	77	36	error	error	NOUN
easat-1861	77	37	model	model	NOUN
easat-1861	77	38	estimated	estimate	VERB
easat-1861	77	39	using	use	VERB
easat-1861	77	40	table	table	NOUN
easat-1861	77	41	3	3	NUM
easat-1861	77	42	can	can	AUX
easat-1861	77	43	be	be	AUX
easat-1861	77	44	represented	represent	VERB
easat-1861	77	45	as	as	SCONJ
easat-1861	77	46	follows	follow	VERB
easat-1861	77	47	.	.	PUNCT
easat-1861	78	1	𝑙𝑛	𝑙𝑛	X
easat-1861	79	1	𝑍𝑡	𝑍𝑡	NOUN
easat-1861	79	2	=	=	PROPN
easat-1861	79	3	0.0004024	0.0004024	NUM
easat-1861	79	4	+	+	NOUN
easat-1861	79	5	𝜀𝑡	𝜀𝑡	NOUN
easat-1861	79	6	𝜀𝑡	𝜀𝑡	NOUN
easat-1861	79	7	=	=	SYM
easat-1861	79	8	0.1423	0.1423	NUM
easat-1861	79	9	𝜀𝑡−3	𝜀𝑡−3	PROPN
easat-1861	79	10	−	−	PROPN
easat-1861	79	11	0.1484𝜀𝑡−6	0.1484𝜀𝑡−6	NOUN
easat-1861	79	12	(	(	PUNCT
easat-1861	79	13	5	5	NUM
easat-1861	79	14	)	)	PUNCT
easat-1861	79	15	4.3	4.3	NUM
easat-1861	79	16	.	.	PUNCT
easat-1861	80	1	conditional	conditional	ADJ
easat-1861	80	2	heteroskedasticity	heteroskedasticity	NOUN
easat-1861	80	3	model	model	NOUN
easat-1861	80	4	after	after	ADP
easat-1861	80	5	fitting	fit	VERB
easat-1861	80	6	the	the	DET
easat-1861	80	7	autoregressive	autoregressive	ADJ
easat-1861	80	8	error	error	NOUN
easat-1861	80	9	model	model	NOUN
easat-1861	80	10	in	in	ADP
easat-1861	80	11	section	section	NOUN
easat-1861	80	12	3.2	3.2	NUM
easat-1861	80	13	,	,	PUNCT
easat-1861	80	14	the	the	DET
easat-1861	80	15	portmanteau	portmanteau	ADJ
easat-1861	80	16	q	q	NOUN
easat-1861	80	17	-	-	PUNCT
easat-1861	80	18	test	test	NOUN
easat-1861	80	19	results	result	NOUN
easat-1861	80	20	for	for	ADP
easat-1861	80	21	the	the	DET
easat-1861	80	22	residuals	residual	NOUN
easat-1861	80	23	and	and	CCONJ
easat-1861	80	24	squared	square	VERB
easat-1861	80	25	residuals	residual	NOUN
easat-1861	80	26	at	at	ADP
easat-1861	80	27	all	all	DET
easat-1861	80	28	lags	lag	NOUN
easat-1861	80	29	indicate	indicate	VERB
easat-1861	80	30	that	that	SCONJ
easat-1861	80	31	while	while	SCONJ
easat-1861	80	32	the	the	DET
easat-1861	80	33	residuals	residual	NOUN
easat-1861	80	34	show	show	VERB
easat-1861	80	35	no	no	DET
easat-1861	80	36	significant	significant	ADJ
easat-1861	80	37	autocorrelation	autocorrelation	NOUN
easat-1861	80	38	at	at	ADP
easat-1861	80	39	the	the	DET
easat-1861	80	40	5	5	NUM
easat-1861	80	41	%	%	NOUN
easat-1861	80	42	significance	significance	NOUN
easat-1861	80	43	level	level	NOUN
easat-1861	80	44	,	,	PUNCT
easat-1861	80	45	the	the	DET
easat-1861	80	46	squared	square	VERB
easat-1861	80	47	residuals	residual	NOUN
easat-1861	80	48	exhibit	exhibit	VERB
easat-1861	80	49	significant	significant	ADJ
easat-1861	80	50	autocorrelation	autocorrelation	NOUN
easat-1861	80	51	(	(	PUNCT
easat-1861	80	52	table	table	NOUN
easat-1861	80	53	4	4	NUM
easat-1861	80	54	)	)	PUNCT
easat-1861	80	55	.	.	PUNCT
easat-1861	81	1	table	table	NOUN
easat-1861	81	2	4	4	NUM
easat-1861	81	3	.	.	PUNCT
easat-1861	82	1	portmanteau	portmanteau	PROPN
easat-1861	82	2	q	q	NOUN
easat-1861	82	3	-	-	PUNCT
easat-1861	82	4	test	test	NOUN
easat-1861	82	5	for	for	ADP
easat-1861	82	6	residuals	residual	NOUN
easat-1861	82	7	and	and	CCONJ
easat-1861	82	8	squared	squared	ADJ
easat-1861	82	9	residuals	residual	NOUN
easat-1861	82	10	.	.	PUNCT
easat-1861	83	1	ar	ar	PROPN
easat-1861	83	2	(	(	PUNCT
easat-1861	83	3	3,6	3,6	NUM
easat-1861	83	4	)	)	PUNCT
easat-1861	83	5	model	model	NOUN
easat-1861	83	6	residual	residual	ADJ
easat-1861	83	7	analysis	analysis	NOUN
easat-1861	83	8	residual	residual	ADJ
easat-1861	83	9	to	to	AUX
easat-1861	83	10	lags	lag	VERB
easat-1861	83	11	chi	chi	ADJ
easat-1861	83	12	-	-	PUNCT
easat-1861	83	13	square	square	ADJ
easat-1861	83	14	pr	pr	NOUN
easat-1861	83	15	>	>	X
easat-1861	83	16	chisq	chisq	PROPN
easat-1861	83	17	autocorrelation	autocorrelation	NOUN
easat-1861	83	18	coefficient	coefficient	NOUN
easat-1861	83	19	6	6	NUM
easat-1861	83	20	1.38	1.38	NUM
easat-1861	83	21	0.9668	0.9668	NUM
easat-1861	83	22	-0.031	-0.031	NUM
easat-1861	83	23	0.025	0.025	NUM
easat-1861	83	24	0.001	0.001	NUM
easat-1861	83	25	0.060	0.060	NUM
easat-1861	83	26	-0.030	-0.030	PUNCT
easat-1861	83	27	-0.010	-0.010	PUNCT
easat-1861	83	28	12	12	NUM
easat-1861	83	29	5.28	5.28	NUM
easat-1861	83	30	0.9478	0.9478	NUM
easat-1861	83	31	0.099	0.099	NUM
easat-1861	83	32	-0.043	-0.043	NUM
easat-1861	83	33	0.006	0.006	NUM
easat-1861	83	34	-0.045	-0.045	NUM
easat-1861	83	35	0.017	0.017	NUM
easat-1861	83	36	-0.057	-0.057	NUM
easat-1861	83	37	18	18	NUM
easat-1861	83	38	13.82	13.82	NUM
easat-1861	83	39	0.7407	0.7407	NUM
easat-1861	83	40	-0.054	-0.054	ADP
easat-1861	83	41	-0.129	-0.129	NUM
easat-1861	83	42	0.042	0.042	NUM
easat-1861	83	43	-0.082	-0.082	NUM
easat-1861	83	44	-0.072	-0.072	NOUN
easat-1861	83	45	-0.056	-0.056	PROPN
easat-1861	83	46	24	24	NUM
easat-1861	83	47	17.31	17.31	NUM
easat-1861	83	48	0.8352	0.8352	NUM
easat-1861	83	49	0.032	0.032	NUM
easat-1861	83	50	0.045	0.045	NUM
easat-1861	83	51	-0.027	-0.027	NUM
easat-1861	83	52	0.072	0.072	NUM
easat-1861	83	53	-0.040	-0.040	NUM
easat-1861	83	54	0.061	0.061	NUM
easat-1861	83	55	30	30	NUM
easat-1861	83	56	26.44	26.44	NUM
easat-1861	83	57	0.6523	0.6523	NUM
easat-1861	83	58	-0.120	-0.120	PUNCT
easat-1861	83	59	-0.137	-0.137	X
easat-1861	83	60	0.026	0.026	NUM
easat-1861	83	61	0.018	0.018	NUM
easat-1861	83	62	0.014	0.014	NUM
easat-1861	83	63	-0.051	-0.051	PROPN
easat-1861	83	64	residual	residual	ADJ
easat-1861	83	65	squared	square	VERB
easat-1861	83	66	to	to	ADP
easat-1861	83	67	lags	lag	VERB
easat-1861	83	68	chi	chi	ADJ
easat-1861	83	69	-	-	PUNCT
easat-1861	83	70	square	square	ADJ
easat-1861	83	71	pr	pr	NOUN
easat-1861	83	72	>	>	X
easat-1861	83	73	chisq	chisq	PROPN
easat-1861	83	74	autocorrelation	autocorrelation	NOUN
easat-1861	83	75	coefficient	coefficient	NOUN
easat-1861	83	76	6	6	NUM
easat-1861	83	77	13.34	13.34	NUM
easat-1861	83	78	0.0379	0.0379	NUM
easat-1861	83	79	0.013	0.013	NUM
easat-1861	83	80	0.051	0.051	NUM
easat-1861	83	81	0.110	0.110	NUM
easat-1861	83	82	0.106	0.106	NUM
easat-1861	83	83	0.123	0.123	NUM
easat-1861	83	84	0.137	0.137	NUM
easat-1861	83	85	12	12	NUM
easat-1861	83	86	36.27	36.27	NUM
easat-1861	83	87	0.0003	0.0003	NUM
easat-1861	83	88	-0.006	-0.006	X
easat-1861	83	89	0.079	0.079	NUM
easat-1861	83	90	0.298	0.298	NUM
easat-1861	83	91	-0.065	-0.065	NUM
easat-1861	83	92	0.042	0.042	NUM
easat-1861	83	93	0.002	0.002	NUM
easat-1861	83	94	18	18	NUM
easat-1861	83	95	41.92	41.92	NUM
easat-1861	83	96	0.0011	0.0011	NUM
easat-1861	83	97	-0.014	-0.014	NOUN
easat-1861	83	98	0.067	0.067	NUM
easat-1861	83	99	0.037	0.037	NUM
easat-1861	83	100	0.089	0.089	NUM
easat-1861	83	101	0.085	0.085	NUM
easat-1861	83	102	0.053	0.053	NUM
easat-1861	83	103	1492	1492	NUM
easat-1861	83	104	edelweiss	edelweiss	PROPN
easat-1861	83	105	applied	apply	VERB
easat-1861	83	106	science	science	NOUN
easat-1861	83	107	and	and	CCONJ
easat-1861	83	108	technology	technology	NOUN
easat-1861	83	109	issn	issn	PROPN
easat-1861	83	110	:	:	PUNCT
easat-1861	83	111	2576	2576	NUM
easat-1861	83	112	-	-	SYM
easat-1861	83	113	8484	8484	NUM
easat-1861	83	114	vol	vol	NOUN
easat-1861	83	115	.	.	PROPN
easat-1861	84	1	8	8	NUM
easat-1861	84	2	,	,	PUNCT
easat-1861	84	3	no	no	INTJ
easat-1861	84	4	.	.	NOUN
easat-1861	84	5	5	5	NUM
easat-1861	84	6	:	:	SYM
easat-1861	84	7	1487	1487	NUM
easat-1861	84	8	-	-	SYM
easat-1861	84	9	1494	1494	NUM
easat-1861	84	10	,	,	PUNCT
easat-1861	84	11	2024	2024	NUM
easat-1861	84	12	doi	doi	NOUN
easat-1861	84	13	:	:	PUNCT
easat-1861	84	14	10.55214/25768484.v8i5.1861	10.55214/25768484.v8i5.1861	NUM
easat-1861	84	15	©	©	ADP
easat-1861	84	16	2024	2024	NUM
easat-1861	84	17	by	by	ADP
easat-1861	84	18	the	the	DET
easat-1861	84	19	author	author	NOUN
easat-1861	84	20	;	;	PUNCT
easat-1861	84	21	licensee	licensee	PROPN
easat-1861	84	22	learning	learning	NOUN
easat-1861	84	23	gate	gate	VERB
easat-1861	84	24	24	24	NUM
easat-1861	84	25	42.59	42.59	NUM
easat-1861	84	26	0.0111	0.0111	NUM
easat-1861	84	27	0.004	0.004	NUM
easat-1861	84	28	0.006	0.006	NUM
easat-1861	84	29	-0.006	-0.006	PROPN
easat-1861	84	30	0.016	0.016	NUM
easat-1861	84	31	0.025	0.025	NUM
easat-1861	84	32	0.042	0.042	NUM
easat-1861	84	33	30	30	NUM
easat-1861	84	34	45.61	45.61	NUM
easat-1861	84	35	0.0338	0.0338	NUM
easat-1861	84	36	0.010	0.010	NUM
easat-1861	84	37	0.078	0.078	NUM
easat-1861	84	38	0.025	0.025	NUM
easat-1861	84	39	0.014	0.014	NUM
easat-1861	84	40	0.066	0.066	NUM
easat-1861	84	41	0.027	0.027	NUM
easat-1861	84	42	in	in	ADP
easat-1861	84	43	the	the	DET
easat-1861	84	44	ar	ar	PROPN
easat-1861	84	45	(	(	PUNCT
easat-1861	84	46	3,6	3,6	NUM
easat-1861	84	47	)	)	PUNCT
easat-1861	84	48	model	model	NOUN
easat-1861	84	49	,	,	PUNCT
easat-1861	84	50	the	the	DET
easat-1861	84	51	fact	fact	NOUN
easat-1861	84	52	that	that	SCONJ
easat-1861	84	53	the	the	DET
easat-1861	84	54	residual	residual	ADJ
easat-1861	84	55	square	square	NOUN
easat-1861	84	56	does	do	AUX
easat-1861	84	57	not	not	PART
easat-1861	84	58	follow	follow	VERB
easat-1861	84	59	white	white	ADJ
easat-1861	84	60	noise	noise	NOUN
easat-1861	84	61	means	mean	VERB
easat-1861	84	62	that	that	SCONJ
easat-1861	84	63	heteroscedasticity	heteroscedasticity	NOUN
easat-1861	84	64	exists	exist	VERB
easat-1861	84	65	.	.	PUNCT
easat-1861	85	1	when	when	SCONJ
easat-1861	85	2	heteroscedasticity	heteroscedasticity	NOUN
easat-1861	85	3	exists	exist	VERB
easat-1861	85	4	,	,	PUNCT
easat-1861	85	5	the	the	DET
easat-1861	85	6	volatility	volatility	NOUN
easat-1861	85	7	estimation	estimation	NOUN
easat-1861	85	8	model	model	NOUN
easat-1861	85	9	mainly	mainly	ADV
easat-1861	85	10	used	use	VERB
easat-1861	85	11	in	in	ADP
easat-1861	85	12	reality	reality	NOUN
easat-1861	85	13	is	be	AUX
easat-1861	85	14	the	the	DET
easat-1861	85	15	low	low	ADJ
easat-1861	85	16	-	-	PUNCT
easat-1861	85	17	order	order	NOUN
easat-1861	85	18	garch	garch	NOUN
easat-1861	85	19	(	(	PUNCT
easat-1861	85	20	1,1	1,1	NUM
easat-1861	85	21	)	)	PUNCT
easat-1861	85	22	.	.	PUNCT
easat-1861	86	1	therefore	therefore	ADV
easat-1861	86	2	,	,	PUNCT
easat-1861	86	3	in	in	ADP
easat-1861	86	4	this	this	DET
easat-1861	86	5	study	study	NOUN
easat-1861	86	6	,	,	PUNCT
easat-1861	86	7	the	the	DET
easat-1861	86	8	ar	ar	PROPN
easat-1861	86	9	(	(	PUNCT
easat-1861	86	10	3,6)-garch	3,6)-garch	NUM
easat-1861	86	11	(	(	PUNCT
easat-1861	86	12	1,1	1,1	NUM
easat-1861	86	13	)	)	PUNCT
easat-1861	86	14	model	model	NOUN
easat-1861	86	15	was	be	AUX
easat-1861	86	16	applied	apply	VERB
easat-1861	86	17	to	to	PART
easat-1861	86	18	estimate	estimate	VERB
easat-1861	86	19	the	the	DET
easat-1861	86	20	model	model	NOUN
easat-1861	86	21	,	,	PUNCT
easat-1861	86	22	and	and	CCONJ
easat-1861	86	23	as	as	ADP
easat-1861	86	24	a	a	DET
easat-1861	86	25	result	result	NOUN
easat-1861	86	26	of	of	ADP
easat-1861	86	27	the	the	DET
easat-1861	86	28	estimation	estimation	NOUN
easat-1861	86	29	,	,	PUNCT
easat-1861	86	30	all	all	DET
easat-1861	86	31	parameters	parameter	NOUN
easat-1861	86	32	were	be	AUX
easat-1861	86	33	found	find	VERB
easat-1861	86	34	to	to	PART
easat-1861	86	35	be	be	AUX
easat-1861	86	36	significant	significant	ADJ
easat-1861	86	37	at	at	ADP
easat-1861	86	38	the	the	DET
easat-1861	86	39	significance	significance	NOUN
easat-1861	86	40	level	level	NOUN
easat-1861	86	41	of	of	ADP
easat-1861	86	42	5	5	NUM
easat-1861	86	43	%	%	NOUN
easat-1861	86	44	(	(	PUNCT
easat-1861	86	45	table	table	NOUN
easat-1861	86	46	5	5	NUM
easat-1861	86	47	)	)	PUNCT
easat-1861	86	48	.	.	PUNCT
easat-1861	87	1	table	table	NOUN
easat-1861	87	2	5	5	NUM
easat-1861	87	3	.	.	PUNCT
easat-1861	88	1	parameter	parameter	PROPN
easat-1861	88	2	estimation	estimation	NOUN
easat-1861	88	3	of	of	ADP
easat-1861	88	4	ar	ar	PROPN
easat-1861	88	5	(	(	PUNCT
easat-1861	88	6	3,6)-garch	3,6)-garch	NUM
easat-1861	88	7	(	(	PUNCT
easat-1861	88	8	1,1	1,1	NUM
easat-1861	88	9	)	)	PUNCT
easat-1861	88	10	model	model	NOUN
easat-1861	88	11	.	.	PUNCT
easat-1861	89	1	ar	ar	PROPN
easat-1861	89	2	(	(	PUNCT
easat-1861	89	3	3,6)-garch	3,6)-garch	NUM
easat-1861	89	4	(	(	PUNCT
easat-1861	89	5	1,1	1,1	NUM
easat-1861	89	6	)	)	PUNCT
easat-1861	89	7	model	model	NOUN
easat-1861	89	8	parameter	parameter	NOUN
easat-1861	89	9	estimates	estimate	VERB
easat-1861	89	10	variable	variable	ADJ
easat-1861	89	11	estimate	estimate	VERB
easat-1861	89	12	s.	s.	PROPN
easat-1861	89	13	e	e	PROPN
easat-1861	89	14	t	t	PROPN
easat-1861	89	15	-value	-value	ADJ
easat-1861	89	16	pr	pr	X
easat-1861	89	17	>	>	X
easat-1861	89	18	|t|	|t|	PROPN
easat-1861	89	19	intercept	intercept	NOUN
easat-1861	89	20	0.000513	0.000513	NUM
easat-1861	89	21	0.000197	0.000197	NUM
easat-1861	89	22	2.19	2.19	NUM
easat-1861	89	23	0.0201	0.0201	NUM
easat-1861	89	24	ar3	ar3	NOUN
easat-1861	89	25	-0.1123	-0.1123	NOUN
easat-1861	89	26	0.0324	0.0324	NUM
easat-1861	89	27	-5.09	-5.09	VERB
easat-1861	89	28	<	<	X
easat-1861	89	29	.0001	.0001	X
easat-1861	89	30	ar6	ar6	X
easat-1861	89	31	-0.0632	-0.0632	NOUN
easat-1861	89	32	0.0212	0.0212	NUM
easat-1861	89	33	-2.13	-2.13	NUM
easat-1861	89	34	0.0216	0.0216	NUM
easat-1861	89	35	arch0	arch0	NOUN
easat-1861	89	36	0.0000496	0.0000496	NUM
easat-1861	89	37	0.0000333	0.0000333	NUM
easat-1861	89	38	1.49	1.49	NUM
easat-1861	89	39	0.1368	0.1368	NUM
easat-1861	89	40	arch1	arch1	X
easat-1861	90	1	0.0812	0.0812	NUM
easat-1861	90	2	0.0483	0.0483	NUM
easat-1861	90	3	2.30	2.30	NUM
easat-1861	90	4	0.0216	0.0216	NUM
easat-1861	90	5	garch1	garch1	NOUN
easat-1861	90	6	0.8523	0.8523	NUM
easat-1861	90	7	0.0477	0.0477	NUM
easat-1861	90	8	18.49	18.49	NUM
easat-1861	90	9	<	<	X
easat-1861	90	10	.0001	.0001	PROPN
easat-1861	90	11	4.4	4.4	NUM
easat-1861	90	12	.	.	PUNCT
easat-1861	91	1	diagnosis	diagnosis	NOUN
easat-1861	91	2	of	of	ADP
easat-1861	91	3	ar	ar	PROPN
easat-1861	91	4	(	(	PUNCT
easat-1861	91	5	3,6)-garch	3,6)-garch	NUM
easat-1861	91	6	(	(	PUNCT
easat-1861	91	7	1,1	1,1	NUM
easat-1861	91	8	)	)	PUNCT
easat-1861	91	9	model	model	NOUN
easat-1861	91	10	after	after	ADP
easat-1861	91	11	fitting	fit	VERB
easat-1861	91	12	the	the	DET
easat-1861	91	13	ar	ar	NOUN
easat-1861	91	14	(	(	PUNCT
easat-1861	91	15	3,6)-garch	3,6)-garch	NUM
easat-1861	91	16	(	(	PUNCT
easat-1861	91	17	1,1	1,1	NUM
easat-1861	91	18	)	)	PUNCT
easat-1861	91	19	model	model	NOUN
easat-1861	91	20	,	,	PUNCT
easat-1861	91	21	the	the	DET
easat-1861	91	22	portmanteau	portmanteau	ADJ
easat-1861	91	23	q	q	NOUN
easat-1861	91	24	-	-	PUNCT
easat-1861	91	25	tests	test	NOUN
easat-1861	91	26	for	for	ADP
easat-1861	91	27	residuals	residual	NOUN
easat-1861	91	28	and	and	CCONJ
easat-1861	91	29	squared	square	VERB
easat-1861	91	30	residuals	residual	NOUN
easat-1861	91	31	showed	show	VERB
easat-1861	91	32	no	no	DET
easat-1861	91	33	significant	significant	ADJ
easat-1861	91	34	autocorrelation	autocorrelation	NOUN
easat-1861	91	35	at	at	ADP
easat-1861	91	36	a	a	DET
easat-1861	91	37	5	5	NUM
easat-1861	91	38	%	%	NOUN
easat-1861	91	39	significance	significance	NOUN
easat-1861	91	40	level	level	NOUN
easat-1861	91	41	across	across	ADP
easat-1861	91	42	all	all	DET
easat-1861	91	43	lags	lag	NOUN
easat-1861	91	44	table	table	NOUN
easat-1861	91	45	6	6	NUM
easat-1861	91	46	.	.	PUNCT
easat-1861	91	47	table	table	NOUN
easat-1861	91	48	6	6	NUM
easat-1861	91	49	.	.	PUNCT
easat-1861	92	1	portmanteau	portmanteau	PROPN
easat-1861	92	2	q	q	NOUN
easat-1861	92	3	-	-	PUNCT
easat-1861	92	4	tests	test	NOUN
easat-1861	92	5	for	for	ADP
easat-1861	92	6	residuals	residual	NOUN
easat-1861	92	7	and	and	CCONJ
easat-1861	92	8	squared	squared	ADJ
easat-1861	92	9	residuals	residual	NOUN
easat-1861	92	10	.	.	PUNCT
easat-1861	93	1	ar	ar	PROPN
easat-1861	93	2	(	(	PUNCT
easat-1861	93	3	3,6)-garch	3,6)-garch	NUM
easat-1861	93	4	(	(	PUNCT
easat-1861	93	5	1,1	1,1	NUM
easat-1861	93	6	)	)	PUNCT
easat-1861	93	7	model	model	NOUN
easat-1861	93	8	residual	residual	ADJ
easat-1861	93	9	analysis	analysis	NOUN
easat-1861	93	10	residual	residual	ADJ
easat-1861	93	11	to	to	ADP
easat-1861	93	12	lags	lag	NOUN
easat-1861	93	13	chisquare	chisquare	VERB
easat-1861	93	14	pr	pr	X
easat-1861	93	15	>	>	PUNCT
easat-1861	93	16	chisq	chisq	PROPN
easat-1861	93	17	autocorrelation	autocorrelation	NOUN
easat-1861	93	18	coefficient	coefficient	NOUN
easat-1861	93	19	6	6	NUM
easat-1861	93	20	0.38	0.38	NUM
easat-1861	93	21	0.9990	0.9990	NUM
easat-1861	93	22	-0.017	-0.017	NUM
easat-1861	93	23	0.017	0.017	NUM
easat-1861	93	24	-0.008	-0.008	NOUN
easat-1861	93	25	0.003	0.003	NUM
easat-1861	93	26	0.033	0.033	NUM
easat-1861	93	27	-0.003	-0.003	NOUN
easat-1861	93	28	12	12	NUM
easat-1861	93	29	4.35	4.35	NUM
easat-1861	93	30	0.9763	0.9763	NUM
easat-1861	93	31	0.088	0.088	NUM
easat-1861	93	32	-0.022	-0.022	NUM
easat-1861	93	33	0.010	0.010	NUM
easat-1861	93	34	0.026	0.026	NUM
easat-1861	93	35	-0.006	-0.006	X
easat-1861	93	36	-0.091	-0.091	NUM
easat-1861	93	37	18	18	NUM
easat-1861	93	38	12.65	12.65	NUM
easat-1861	93	39	0.8122	0.8122	NUM
easat-1861	93	40	-0.075	-0.075	PUNCT
easat-1861	93	41	-0.105	-0.105	PROPN
easat-1861	93	42	0.044	0.044	NUM
easat-1861	93	43	-0.068	-0.068	NUM
easat-1861	93	44	-0.081	-0.081	PROPN
easat-1861	93	45	-0.075	-0.075	PUNCT
easat-1861	93	46	24	24	NUM
easat-1861	93	47	17.50	17.50	NUM
easat-1861	93	48	0.8265	0.8265	NUM
easat-1861	93	49	-0.043	-0.043	PUNCT
easat-1861	93	50	0.076	0.076	NUM
easat-1861	93	51	-0.051	-0.051	NUM
easat-1861	93	52	0.020	0.020	NUM
easat-1861	93	53	-0.037	-0.037	PUNCT
easat-1861	93	54	0.090	0.090	NUM
easat-1861	93	55	30	30	NUM
easat-1861	93	56	24.15	24.15	NUM
easat-1861	93	57	0.7651	0.7651	NUM
easat-1861	93	58	-0.091	-0.091	NUM
easat-1861	93	59	-0.133	-0.133	NOUN
easat-1861	93	60	-0.016	-0.016	PUNCT
easat-1861	93	61	0.011	0.011	NUM
easat-1861	93	62	0.002	0.002	NUM
easat-1861	93	63	-0.027	-0.027	PUNCT
easat-1861	93	64	residual	residual	ADJ
easat-1861	93	65	squared	square	VERB
easat-1861	93	66	to	to	ADP
easat-1861	93	67	lags	lag	NOUN
easat-1861	93	68	chisquare	chisquare	VERB
easat-1861	94	1	pr	pr	X
easat-1861	94	2	>	>	PUNCT
easat-1861	94	3	chisq	chisq	PROPN
easat-1861	94	4	autocorrelation	autocorrelation	NOUN
easat-1861	94	5	coefficient	coefficient	NOUN
easat-1861	94	6	6	6	NUM
easat-1861	94	7	1.96	1.96	NUM
easat-1861	94	8	0.9230	0.9230	NUM
easat-1861	94	9	-0.072	-0.072	NOUN
easat-1861	94	10	-0.042	-0.042	PROPN
easat-1861	94	11	0.032	0.032	NUM
easat-1861	94	12	-0.016	-0.016	PUNCT
easat-1861	94	13	0.027	0.027	NUM
easat-1861	94	14	0.003	0.003	NUM
easat-1861	94	15	12	12	NUM
easat-1861	94	16	13.29	13.29	NUM
easat-1861	94	17	0.3484	0.3484	NUM
easat-1861	94	18	-0.040	-0.040	NUM
easat-1861	94	19	0.087	0.087	NUM
easat-1861	94	20	0.166	0.166	NUM
easat-1861	94	21	-0.112	-0.112	PUNCT
easat-1861	94	22	-0.023	-0.023	PUNCT
easat-1861	94	23	-0.018	-0.018	PUNCT
easat-1861	94	24	18	18	NUM
easat-1861	94	25	24.50	24.50	NUM
easat-1861	94	26	0.1394	0.1394	NUM
easat-1861	94	27	-0.069	-0.069	SYM
easat-1861	94	28	0.013	0.013	NUM
easat-1861	94	29	-0.019	-0.019	ADJ
easat-1861	94	30	-0.080	-0.080	NOUN
easat-1861	94	31	0.189	0.189	NUM
easat-1861	94	32	0.020	0.020	NUM
easat-1861	94	33	24	24	NUM
easat-1861	94	34	26.57	26.57	NUM
easat-1861	94	35	0.3247	0.3247	NUM
easat-1861	94	36	-0.009	-0.009	X
easat-1861	94	37	-0.034	-0.034	PUNCT
easat-1861	94	38	-0.032	-0.032	ADP
easat-1861	94	39	0.017	0.017	NUM
easat-1861	94	40	-0.036	-0.036	NUM
easat-1861	94	41	-0.069	-0.069	PUNCT
easat-1861	94	42	30	30	NUM
easat-1861	94	43	28.25	28.25	NUM
easat-1861	94	44	0.5573	0.5573	NUM
easat-1861	94	45	0.051	0.051	NUM
easat-1861	94	46	0.053	0.053	NUM
easat-1861	94	47	-0.036	-0.036	PUNCT
easat-1861	94	48	-0.007	-0.007	PROPN
easat-1861	94	49	0.003	0.003	NUM
easat-1861	94	50	-0.007	-0.007	NOUN
easat-1861	94	51	using	use	VERB
easat-1861	94	52	table	table	NOUN
easat-1861	94	53	5	5	NUM
easat-1861	94	54	,	,	PUNCT
easat-1861	94	55	the	the	DET
easat-1861	94	56	final	final	ADJ
easat-1861	94	57	estimated	estimate	VERB
easat-1861	94	58	form	form	NOUN
easat-1861	94	59	of	of	ADP
easat-1861	94	60	the	the	DET
easat-1861	94	61	ar	ar	NOUN
easat-1861	94	62	(	(	PUNCT
easat-1861	94	63	3,6)-garch	3,6)-garch	NUM
easat-1861	94	64	(	(	PUNCT
easat-1861	94	65	1,1	1,1	NUM
easat-1861	94	66	)	)	PUNCT
easat-1861	94	67	model	model	NOUN
easat-1861	94	68	is	be	AUX
easat-1861	94	69	represented	represent	VERB
easat-1861	94	70	as	as	SCONJ
easat-1861	94	71	follows	follow	VERB
easat-1861	94	72	.	.	PUNCT
easat-1861	95	1	𝑙𝑛𝑍𝑡	𝑙𝑛𝑍𝑡	NOUN
easat-1861	95	2	=	=	SYM
easat-1861	95	3	0.000513	0.000513	PROPN
easat-1861	95	4	+	+	CCONJ
easat-1861	95	5	𝜀𝑡	𝜀𝑡	NOUN
easat-1861	95	6	𝜀𝑡	𝜀𝑡	NOUN
easat-1861	95	7	=	=	PUNCT
easat-1861	95	8	0.1123𝜀𝑡−3	0.1123𝜀𝑡−3	PROPN
easat-1861	96	1	+	+	NUM
easat-1861	96	2	0.0632𝜀𝑡−6	0.0632𝜀𝑡−6	NOUN
easat-1861	96	3	(	(	PUNCT
easat-1861	96	4	6	6	NUM
easat-1861	96	5	)	)	PUNCT
easat-1861	96	6	1493	1493	NUM
easat-1861	96	7	edelweiss	edelweiss	PROPN
easat-1861	96	8	applied	apply	VERB
easat-1861	96	9	science	science	NOUN
easat-1861	96	10	and	and	CCONJ
easat-1861	96	11	technology	technology	NOUN
easat-1861	96	12	issn	issn	PROPN
easat-1861	96	13	:	:	PUNCT
easat-1861	96	14	2576	2576	NUM
easat-1861	96	15	-	-	SYM
easat-1861	96	16	8484	8484	NUM
easat-1861	96	17	vol	vol	NOUN
easat-1861	96	18	.	.	PROPN
easat-1861	96	19	8	8	NUM
easat-1861	96	20	,	,	PUNCT
easat-1861	96	21	no	no	INTJ
easat-1861	96	22	.	.	NOUN
easat-1861	96	23	5	5	NUM
easat-1861	96	24	:	:	SYM
easat-1861	96	25	1487	1487	NUM
easat-1861	96	26	-	-	SYM
easat-1861	96	27	1494	1494	NUM
easat-1861	96	28	,	,	PUNCT
easat-1861	96	29	2024	2024	NUM
easat-1861	96	30	doi	doi	NOUN
easat-1861	96	31	:	:	PUNCT
easat-1861	96	32	10.55214/25768484.v8i5.1861	10.55214/25768484.v8i5.1861	NUM
easat-1861	96	33	©	©	ADP
easat-1861	96	34	2024	2024	NUM
easat-1861	96	35	by	by	ADP
easat-1861	96	36	the	the	DET
easat-1861	96	37	author	author	NOUN
easat-1861	96	38	;	;	PUNCT
easat-1861	96	39	licensee	licensee	NOUN
easat-1861	96	40	learning	learn	VERB
easat-1861	96	41	gate	gate	NOUN
easat-1861	96	42	𝜎𝑡	𝜎𝑡	ADP
easat-1861	96	43	2	2	NUM
easat-1861	96	44	=	=	SYM
easat-1861	96	45	0.0000496	0.0000496	NUM
easat-1861	96	46	+	+	CCONJ
easat-1861	96	47	0.0812𝜈𝑡−1	0.0812𝜈𝑡−1	NOUN
easat-1861	97	1	+	+	CCONJ
easat-1861	97	2	0.8523𝜎𝑡−1	0.8523𝜎𝑡−1	NUM
easat-1861	97	3	2	2	NUM
easat-1861	97	4	4.5	4.5	NUM
easat-1861	97	5	.	.	PUNCT
easat-1861	98	1	forecasting	forecast	VERB
easat-1861	98	2	volatility	volatility	NOUN
easat-1861	98	3	using	use	VERB
easat-1861	98	4	ar	ar	PROPN
easat-1861	98	5	(	(	PUNCT
easat-1861	98	6	3,6)-garch	3,6)-garch	NUM
easat-1861	98	7	(	(	PUNCT
easat-1861	98	8	1,1	1,1	NUM
easat-1861	98	9	)	)	PUNCT
easat-1861	98	10	model	model	NOUN
easat-1861	98	11	the	the	DET
easat-1861	98	12	one	one	NUM
easat-1861	98	13	-	-	PUNCT
easat-1861	98	14	step	step	NOUN
easat-1861	98	15	ahead	ahead	ADV
easat-1861	98	16	forecast	forecast	NOUN
easat-1861	98	17	of	of	ADP
easat-1861	98	18	volatility	volatility	NOUN
easat-1861	98	19	and	and	CCONJ
easat-1861	98	20	multi	multi	ADJ
easat-1861	98	21	-	-	NOUN
easat-1861	98	22	step	step	VERB
easat-1861	98	23	ahead	ahead	ADV
easat-1861	98	24	forecasts	forecast	NOUN
easat-1861	98	25	of	of	ADP
easat-1861	98	26	volatility	volatility	NOUN
easat-1861	98	27	for	for	ADP
easat-1861	98	28	the	the	DET
easat-1861	98	29	forecasting	forecasting	NOUN
easat-1861	98	30	period	period	NOUN
easat-1861	98	31	based	base	VERB
easat-1861	98	32	on	on	ADP
easat-1861	98	33	the	the	DET
easat-1861	98	34	ar	ar	PROPN
easat-1861	98	35	(	(	PUNCT
easat-1861	98	36	3,6)-garch	3,6)-garch	NUM
easat-1861	98	37	(	(	PUNCT
easat-1861	98	38	1,1	1,1	NUM
easat-1861	98	39	)	)	PUNCT
easat-1861	98	40	model	model	NOUN
easat-1861	98	41	are	be	AUX
easat-1861	98	42	shown	show	VERB
easat-1861	98	43	in	in	ADP
easat-1861	98	44	(	(	PUNCT
easat-1861	98	45	fig	fig	NOUN
easat-1861	98	46	.	.	PUNCT
easat-1861	99	1	2	2	NUM
easat-1861	99	2	)	)	PUNCT
easat-1861	99	3	.	.	PUNCT
easat-1861	100	1	it	it	PRON
easat-1861	100	2	is	be	AUX
easat-1861	100	3	observed	observe	VERB
easat-1861	100	4	that	that	SCONJ
easat-1861	100	5	volatility	volatility	NOUN
easat-1861	100	6	increases	increase	VERB
easat-1861	100	7	gradually	gradually	ADV
easat-1861	100	8	from	from	ADP
easat-1861	100	9	january	january	PROPN
easat-1861	100	10	2023	2023	NUM
easat-1861	100	11	to	to	ADP
easat-1861	100	12	december	december	PROPN
easat-1861	100	13	2023	2023	NUM
easat-1861	100	14	.	.	PUNCT
easat-1861	101	1	figure	figure	NOUN
easat-1861	101	2	2	2	NUM
easat-1861	101	3	.	.	PUNCT
easat-1861	102	1	volatility	volatility	NOUN
easat-1861	102	2	forecasting	forecasting	NOUN
easat-1861	102	3	by	by	ADP
easat-1861	102	4	ar	ar	PROPN
easat-1861	102	5	(	(	PUNCT
easat-1861	102	6	3,6)-garch	3,6)-garch	NUM
easat-1861	102	7	(	(	PUNCT
easat-1861	102	8	1,1	1,1	NUM
easat-1861	102	9	)	)	PUNCT
easat-1861	102	10	model	model	NOUN
easat-1861	102	11	.	.	PUNCT
easat-1861	103	1	5	5	X
easat-1861	103	2	.	.	X
easat-1861	103	3	conclusion	conclusion	NOUN
easat-1861	103	4	there	there	PRON
easat-1861	103	5	are	be	VERB
easat-1861	103	6	various	various	ADJ
easat-1861	103	7	models	model	NOUN
easat-1861	103	8	for	for	ADP
easat-1861	103	9	predicting	predict	VERB
easat-1861	103	10	the	the	DET
easat-1861	103	11	volatility	volatility	NOUN
easat-1861	103	12	of	of	ADP
easat-1861	103	13	financial	financial	ADJ
easat-1861	103	14	assets	asset	NOUN
easat-1861	103	15	'	'	PART
easat-1861	103	16	returns	return	NOUN
easat-1861	103	17	.	.	PUNCT
easat-1861	104	1	in	in	ADP
easat-1861	104	2	this	this	DET
easat-1861	104	3	study	study	NOUN
easat-1861	104	4	,	,	PUNCT
easat-1861	104	5	we	we	PRON
easat-1861	104	6	used	use	VERB
easat-1861	104	7	the	the	DET
easat-1861	104	8	ar(m)-garch(p	ar(m)-garch(p	PROPN
easat-1861	104	9	,	,	PUNCT
easat-1861	104	10	q	q	NOUN
easat-1861	104	11	)	)	PUNCT
easat-1861	104	12	model	model	NOUN
easat-1861	104	13	to	to	PART
easat-1861	104	14	forecast	forecast	VERB
easat-1861	104	15	monthly	monthly	ADJ
easat-1861	104	16	volatility	volatility	NOUN
easat-1861	104	17	of	of	ADP
easat-1861	104	18	kospi	kospi	NOUN
easat-1861	104	19	index	index	NOUN
easat-1861	104	20	returns	return	NOUN
easat-1861	104	21	in	in	ADP
easat-1861	104	22	order	order	NOUN
easat-1861	104	23	to	to	PART
easat-1861	104	24	understand	understand	VERB
easat-1861	104	25	the	the	DET
easat-1861	104	26	trend	trend	NOUN
easat-1861	104	27	in	in	ADP
easat-1861	104	28	volatility	volatility	NOUN
easat-1861	104	29	.	.	PUNCT
easat-1861	105	1	analysis	analysis	NOUN
easat-1861	105	2	using	use	VERB
easat-1861	105	3	data	datum	NOUN
easat-1861	105	4	from	from	ADP
easat-1861	105	5	2005	2005	NUM
easat-1861	105	6	to	to	ADP
easat-1861	105	7	2022	2022	NUM
easat-1861	105	8	revealed	reveal	VERB
easat-1861	105	9	the	the	DET
easat-1861	105	10	following	following	NOUN
easat-1861	105	11	:	:	PUNCT
easat-1861	105	12	the	the	DET
easat-1861	105	13	squared	square	VERB
easat-1861	105	14	log	log	NOUN
easat-1861	105	15	returns	return	NOUN
easat-1861	105	16	of	of	ADP
easat-1861	105	17	the	the	DET
easat-1861	105	18	kospi	kospi	NOUN
easat-1861	105	19	index	index	NOUN
easat-1861	105	20	exhibited	exhibit	VERB
easat-1861	105	21	clustering	clustering	NOUN
easat-1861	105	22	and	and	CCONJ
easat-1861	105	23	persistence	persistence	NOUN
easat-1861	105	24	in	in	ADP
easat-1861	105	25	volatility	volatility	NOUN
easat-1861	105	26	,	,	PUNCT
easat-1861	105	27	confirmed	confirm	VERB
easat-1861	105	28	by	by	ADP
easat-1861	105	29	portmanteau	portmanteau	PROPN
easat-1861	105	30	q	q	NOUN
easat-1861	105	31	-	-	PUNCT
easat-1861	105	32	tests	test	NOUN
easat-1861	105	33	showing	show	VERB
easat-1861	105	34	significant	significant	ADJ
easat-1861	105	35	autocorrelation	autocorrelation	NOUN
easat-1861	105	36	from	from	ADP
easat-1861	105	37	lag	lag	NOUN
easat-1861	105	38	5	5	NUM
easat-1861	105	39	onwards	onward	NOUN
easat-1861	105	40	,	,	PUNCT
easat-1861	105	41	and	and	CCONJ
easat-1861	105	42	lagrange	lagrange	NOUN
easat-1861	105	43	multiplier	multipli	ADJ
easat-1861	105	44	tests	test	NOUN
easat-1861	105	45	indicating	indicate	VERB
easat-1861	105	46	heteroscedasticity	heteroscedasticity	NOUN
easat-1861	105	47	from	from	ADP
easat-1861	105	48	lag	lag	NOUN
easat-1861	105	49	6	6	NUM
easat-1861	105	50	onwards	onwards	ADP
easat-1861	105	51	.	.	PUNCT
easat-1861	106	1	to	to	PART
easat-1861	106	2	estimate	estimate	VERB
easat-1861	106	3	kospi	kospi	NOUN
easat-1861	106	4	index	index	NOUN
easat-1861	106	5	volatility	volatility	NOUN
easat-1861	106	6	,	,	PUNCT
easat-1861	106	7	we	we	PRON
easat-1861	106	8	applied	apply	VERB
easat-1861	106	9	the	the	DET
easat-1861	106	10	autoregressive	autoregressive	ADJ
easat-1861	106	11	conditional	conditional	ADJ
easat-1861	106	12	heteroskedasticity	heteroskedasticity	NOUN
easat-1861	106	13	model	model	NOUN
easat-1861	106	14	after	after	ADP
easat-1861	106	15	employing	employ	VERB
easat-1861	106	16	backward	backward	ADJ
easat-1861	106	17	elimination	elimination	NOUN
easat-1861	106	18	,	,	PUNCT
easat-1861	106	19	revealing	reveal	VERB
easat-1861	106	20	significant	significant	ADJ
easat-1861	106	21	parameters	parameter	NOUN
easat-1861	106	22	at	at	ADP
easat-1861	106	23	the	the	DET
easat-1861	106	24	5	5	NUM
easat-1861	106	25	%	%	NOUN
easat-1861	106	26	significance	significance	NOUN
easat-1861	106	27	level	level	NOUN
easat-1861	106	28	for	for	ADP
easat-1861	106	29	lags	lag	NOUN
easat-1861	106	30	3	3	NUM
easat-1861	106	31	and	and	CCONJ
easat-1861	106	32	6	6	NUM
easat-1861	106	33	.	.	PUNCT
easat-1861	107	1	testing	test	VERB
easat-1861	107	2	the	the	DET
easat-1861	107	3	independence	independence	NOUN
easat-1861	107	4	of	of	ADP
easat-1861	107	5	residuals	residual	NOUN
easat-1861	107	6	using	use	VERB
easat-1861	107	7	the	the	DET
easat-1861	107	8	ar	ar	PROPN
easat-1861	107	9	(	(	PUNCT
easat-1861	107	10	3,6	3,6	NUM
easat-1861	107	11	)	)	PUNCT
easat-1861	107	12	model	model	NOUN
easat-1861	107	13	showed	show	VERB
easat-1861	107	14	that	that	SCONJ
easat-1861	107	15	residuals	residual	NOUN
easat-1861	107	16	followed	follow	VERB
easat-1861	107	17	white	white	ADJ
easat-1861	107	18	noise	noise	NOUN
easat-1861	107	19	,	,	PUNCT
easat-1861	107	20	although	although	SCONJ
easat-1861	107	21	squared	square	VERB
easat-1861	107	22	residuals	residual	NOUN
easat-1861	107	23	exhibited	exhibit	VERB
easat-1861	107	24	autocorrelation	autocorrelation	NOUN
easat-1861	107	25	.	.	PUNCT
easat-1861	108	1	adding	add	VERB
easat-1861	108	2	the	the	DET
easat-1861	108	3	garch	garch	NOUN
easat-1861	108	4	(	(	PUNCT
easat-1861	108	5	1,1	1,1	NUM
easat-1861	108	6	)	)	PUNCT
easat-1861	108	7	model	model	NOUN
easat-1861	108	8	to	to	ADP
easat-1861	108	9	the	the	DET
easat-1861	108	10	ar	ar	PROPN
easat-1861	108	11	(	(	PUNCT
easat-1861	108	12	3,6	3,6	NUM
easat-1861	108	13	)	)	PUNCT
easat-1861	108	14	model	model	NOUN
easat-1861	108	15	resulted	result	VERB
easat-1861	108	16	in	in	ADP
easat-1861	108	17	all	all	DET
easat-1861	108	18	parameters	parameter	NOUN
easat-1861	108	19	being	be	AUX
easat-1861	108	20	significant	significant	ADJ
easat-1861	108	21	,	,	PUNCT
easat-1861	108	22	and	and	CCONJ
easat-1861	108	23	both	both	DET
easat-1861	108	24	residuals	residual	NOUN
easat-1861	108	25	and	and	CCONJ
easat-1861	108	26	squared	square	VERB
easat-1861	108	27	residuals	residual	NOUN
easat-1861	108	28	following	follow	VERB
easat-1861	108	29	white	white	ADJ
easat-1861	108	30	noise	noise	NOUN
easat-1861	108	31	.	.	PUNCT
easat-1861	109	1	therefore	therefore	ADV
easat-1861	109	2	,	,	PUNCT
easat-1861	109	3	the	the	DET
easat-1861	109	4	final	final	ADJ
easat-1861	109	5	model	model	NOUN
easat-1861	109	6	for	for	ADP
easat-1861	109	7	kospi	kospi	NOUN
easat-1861	109	8	index	index	NOUN
easat-1861	109	9	return	return	NOUN
easat-1861	109	10	volatility	volatility	NOUN
easat-1861	109	11	was	be	AUX
easat-1861	109	12	determined	determine	VERB
easat-1861	109	13	as	as	ADP
easat-1861	109	14	ar(3,6)-garch	ar(3,6)-garch	NOUN
easat-1861	109	15	(	(	PUNCT
easat-1861	109	16	1,1	1,1	NUM
easat-1861	109	17	)	)	PUNCT
easat-1861	109	18	,	,	PUNCT
easat-1861	109	19	allowing	allow	VERB
easat-1861	109	20	for	for	ADP
easat-1861	109	21	forecasts	forecast	NOUN
easat-1861	109	22	of	of	ADP
easat-1861	109	23	volatility	volatility	NOUN
easat-1861	109	24	during	during	ADP
easat-1861	109	25	the	the	DET
easat-1861	109	26	fitting	fitting	ADJ
easat-1861	109	27	period	period	NOUN
easat-1861	109	28	and	and	CCONJ
easat-1861	109	29	the	the	DET
easat-1861	109	30	forecasting	forecasting	NOUN
easat-1861	109	31	period	period	NOUN
easat-1861	109	32	.	.	PUNCT
easat-1861	110	1	given	give	VERB
easat-1861	110	2	the	the	DET
easat-1861	110	3	current	current	ADJ
easat-1861	110	4	uncertainty	uncertainty	NOUN
easat-1861	110	5	in	in	ADP
easat-1861	110	6	the	the	DET
easat-1861	110	7	global	global	ADJ
easat-1861	110	8	economy	economy	NOUN
easat-1861	110	9	leading	lead	VERB
easat-1861	110	10	to	to	ADP
easat-1861	110	11	increased	increase	VERB
easat-1861	110	12	stock	stock	NOUN
easat-1861	110	13	market	market	NOUN
easat-1861	110	14	volatility	volatility	NOUN
easat-1861	110	15	,	,	PUNCT
easat-1861	110	16	this	this	DET
easat-1861	110	17	study	study	NOUN
easat-1861	110	18	emphasizes	emphasize	VERB
easat-1861	110	19	the	the	DET
easat-1861	110	20	importance	importance	NOUN
easat-1861	110	21	of	of	ADP
easat-1861	110	22	risk	risk	NOUN
easat-1861	110	23	management	management	NOUN
easat-1861	110	24	practices	practice	NOUN
easat-1861	110	25	,	,	PUNCT
easat-1861	110	26	strategic	strategic	ADJ
easat-1861	110	27	diversification	diversification	NOUN
easat-1861	110	28	in	in	ADP
easat-1861	110	29	investments	investment	NOUN
easat-1861	110	30	,	,	PUNCT
easat-1861	110	31	and	and	CCONJ
easat-1861	110	32	adjustments	adjustment	NOUN
easat-1861	110	33	in	in	ADP
easat-1861	110	34	macroeconomic	macroeconomic	ADJ
easat-1861	110	35	and	and	CCONJ
easat-1861	110	36	financial	financial	ADJ
easat-1861	110	37	regulatory	regulatory	ADJ
easat-1861	110	38	policies	policy	NOUN
easat-1861	110	39	for	for	ADP
easat-1861	110	40	policymakers	policymaker	NOUN
easat-1861	110	41	and	and	CCONJ
easat-1861	110	42	financial	financial	ADJ
easat-1861	110	43	market	market	NOUN
easat-1861	110	44	participants	participant	NOUN
easat-1861	110	45	.	.	PUNCT
easat-1861	111	1	for	for	ADP
easat-1861	111	2	more	more	ADJ
easat-1861	111	3	refined	refined	ADJ
easat-1861	111	4	predictions	prediction	NOUN
easat-1861	111	5	of	of	ADP
easat-1861	111	6	kospi	kospi	NOUN
easat-1861	111	7	index	index	NOUN
easat-1861	111	8	return	return	NOUN
easat-1861	111	9	volatility	volatility	NOUN
easat-1861	111	10	,	,	PUNCT
easat-1861	111	11	future	future	ADJ
easat-1861	111	12	research	research	NOUN
easat-1861	111	13	could	could	AUX
easat-1861	111	14	explore	explore	VERB
easat-1861	111	15	1494	1494	NUM
easat-1861	111	16	edelweiss	edelweiss	PROPN
easat-1861	111	17	applied	apply	VERB
easat-1861	111	18	science	science	NOUN
easat-1861	111	19	and	and	CCONJ
easat-1861	111	20	technology	technology	NOUN
easat-1861	111	21	issn	issn	PROPN
easat-1861	111	22	:	:	PUNCT
easat-1861	111	23	2576	2576	NUM
easat-1861	111	24	-	-	SYM
easat-1861	111	25	8484	8484	NUM
easat-1861	111	26	vol	vol	NOUN
easat-1861	111	27	.	.	PROPN
easat-1861	112	1	8	8	NUM
easat-1861	112	2	,	,	PUNCT
easat-1861	112	3	no	no	INTJ
easat-1861	112	4	.	.	NOUN
easat-1861	112	5	5	5	NUM
easat-1861	112	6	:	:	SYM
easat-1861	112	7	1487	1487	NUM
easat-1861	112	8	-	-	SYM
easat-1861	112	9	1494	1494	NUM
easat-1861	112	10	,	,	PUNCT
easat-1861	112	11	2024	2024	NUM
easat-1861	112	12	doi	doi	NOUN
easat-1861	112	13	:	:	PUNCT
easat-1861	112	14	10.55214/25768484.v8i5.1861	10.55214/25768484.v8i5.1861	NUM
easat-1861	112	15	©	©	ADP
easat-1861	112	16	2024	2024	NUM
easat-1861	112	17	by	by	ADP
easat-1861	112	18	the	the	DET
easat-1861	112	19	author	author	NOUN
easat-1861	112	20	;	;	PUNCT
easat-1861	112	21	licensee	licensee	PROPN
easat-1861	112	22	learning	learn	VERB
easat-1861	112	23	gate	gate	NOUN
easat-1861	112	24	models	model	NOUN
easat-1861	112	25	such	such	ADJ
easat-1861	112	26	as	as	ADP
easat-1861	112	27	egarch	egarch	NOUN
easat-1861	112	28	,	,	PUNCT
easat-1861	112	29	qgarch	qgarch	NOUN
easat-1861	112	30	,	,	PUNCT
easat-1861	112	31	tgarch	tgarch	PROPN
easat-1861	112	32	,	,	PUNCT
easat-1861	112	33	pgarch	pgarch	NOUN
easat-1861	112	34	,	,	PUNCT
easat-1861	112	35	as	as	ADV
easat-1861	112	36	well	well	ADV
easat-1861	112	37	as	as	ADP
easat-1861	112	38	mixed	mixed	ADJ
easat-1861	112	39	-	-	PUNCT
easat-1861	112	40	frequency	frequency	NOUN
easat-1861	112	41	garch	garch	NOUN
easat-1861	112	42	models	model	NOUN
easat-1861	112	43	,	,	PUNCT
easat-1861	112	44	svm	svm	ADJ
easat-1861	112	45	models	model	NOUN
easat-1861	112	46	,	,	PUNCT
easat-1861	112	47	and	and	CCONJ
easat-1861	112	48	ai	ai	NOUN
easat-1861	112	49	-	-	PUNCT
easat-1861	112	50	garch(1,1	garch(1,1	NOUN
easat-1861	112	51	)	)	PUNCT
easat-1861	112	52	models	model	NOUN
easat-1861	112	53	.	.	PUNCT
easat-1861	113	1	these	these	PRON
easat-1861	113	2	remain	remain	VERB
easat-1861	113	3	as	as	ADP
easat-1861	113	4	future	future	ADJ
easat-1861	113	5	research	research	NOUN
easat-1861	113	6	topics	topic	NOUN
easat-1861	113	7	.	.	PUNCT
easat-1861	114	1	copyright	copyright	NOUN
easat-1861	114	2	:	:	PUNCT
easat-1861	114	3	©	©	PROPN
easat-1861	114	4	2024	2024	NUM
easat-1861	114	5	by	by	ADP
easat-1861	114	6	the	the	DET
easat-1861	114	7	authors	author	NOUN
easat-1861	114	8	.	.	PUNCT
easat-1861	115	1	this	this	DET
easat-1861	115	2	article	article	NOUN
easat-1861	115	3	is	be	AUX
easat-1861	115	4	an	an	DET
easat-1861	115	5	open	open	ADJ
easat-1861	115	6	access	access	NOUN
easat-1861	115	7	article	article	NOUN
easat-1861	115	8	distributed	distribute	VERB
easat-1861	115	9	under	under	ADP
easat-1861	115	10	the	the	DET
easat-1861	115	11	terms	term	NOUN
easat-1861	115	12	and	and	CCONJ
easat-1861	115	13	conditions	condition	NOUN
easat-1861	115	14	of	of	ADP
easat-1861	115	15	the	the	DET
easat-1861	115	16	creative	creative	ADJ
easat-1861	115	17	commons	common	NOUN
easat-1861	115	18	attribution	attribution	NOUN
easat-1861	115	19	(	(	PUNCT
easat-1861	115	20	cc	cc	NOUN
easat-1861	115	21	by	by	ADP
easat-1861	115	22	)	)	PUNCT
easat-1861	115	23	license	license	NOUN
easat-1861	115	24	(	(	PUNCT
easat-1861	115	25	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-1861	115	26	)	)	PUNCT
easat-1861	115	27	.	.	PUNCT
easat-1861	116	1	references	reference	NOUN
easat-1861	116	2	[	[	X
easat-1861	116	3	1	1	NUM
easat-1861	116	4	]	]	X
easat-1861	116	5	karolyi	karolyi	NOUN
easat-1861	116	6	,	,	PUNCT
easat-1861	116	7	andrew	andrew	PROPN
easat-1861	116	8	g.	g.	PROPN
easat-1861	116	9	,	,	PUNCT
easat-1861	116	10	why	why	SCONJ
easat-1861	116	11	stock	stock	NOUN
easat-1861	116	12	return	return	NOUN
easat-1861	116	13	volatility	volatility	NOUN
easat-1861	116	14	really	really	ADV
easat-1861	116	15	matters	matter	VERB
easat-1861	116	16	,	,	PUNCT
easat-1861	116	17	strategic	strategic	ADJ
easat-1861	116	18	investor	investor	NOUN
easat-1861	116	19	relations	relation	NOUN
easat-1861	116	20	,	,	PUNCT
easat-1861	116	21	march	march	PROPN
easat-1861	116	22	(	(	PUNCT
easat-1861	116	23	2001	2001	NUM
easat-1861	116	24	)	)	PUNCT
easat-1861	116	25	.	.	PUNCT
easat-1861	117	1	[	[	X
easat-1861	117	2	2	2	NUM
easat-1861	117	3	]	]	SYM
easat-1861	117	4	https://www.fidelity.co.kr/insight-and-learning/learn-about-investing/what-is-volatility/	https://www.fidelity.co.kr/insight-and-learning/learn-about-investing/what-is-volatility/	ADJ
easat-1861	117	5	market	market	NOUN
easat-1861	117	6	-	-	PUNCT
easat-1861	117	7	volatility	volatility	NOUN
easat-1861	117	8	[	[	X
easat-1861	117	9	3	3	NUM
easat-1861	117	10	]	]	X
easat-1861	117	11	engle	engle	PROPN
easat-1861	117	12	,	,	PUNCT
easat-1861	117	13	r.	r.	PROPN
easat-1861	117	14	and	and	CCONJ
easat-1861	117	15	rangel	rangel	PROPN
easat-1861	117	16	,	,	PUNCT
easat-1861	117	17	j.	j.	PROPN
easat-1861	117	18	,	,	PUNCT
easat-1861	117	19	the	the	DET
easat-1861	117	20	spline	spline	ADJ
easat-1861	117	21	-	-	PUNCT
easat-1861	117	22	garch	garch	NOUN
easat-1861	117	23	model	model	NOUN
easat-1861	117	24	for	for	ADP
easat-1861	117	25	low	low	ADJ
easat-1861	117	26	-	-	PUNCT
easat-1861	117	27	frequency	frequency	NOUN
easat-1861	117	28	volatility	volatility	NOUN
easat-1861	117	29	and	and	CCONJ
easat-1861	117	30	its	its	PRON
easat-1861	117	31	global	global	ADJ
easat-1861	117	32	macroeconomic	macroeconomic	ADJ
easat-1861	117	33	causes	cause	NOUN
easat-1861	117	34	,	,	PUNCT
easat-1861	117	35	review	review	NOUN
easat-1861	117	36	of	of	ADP
easat-1861	117	37	financial	financial	ADJ
easat-1861	117	38	studies	study	NOUN
easat-1861	117	39	,	,	PUNCT
easat-1861	117	40	21	21	NUM
easat-1861	117	41	(	(	PUNCT
easat-1861	117	42	2008	2008	NUM
easat-1861	117	43	)	)	PUNCT
easat-1861	117	44	,	,	PUNCT
easat-1861	117	45	1187	1187	NUM
easat-1861	117	46	-	-	SYM
easat-1861	117	47	1222	1222	NUM
easat-1861	117	48	.	.	PUNCT
easat-1861	118	1	10.2139	10.2139	NUM
easat-1861	118	2	/	/	SYM
easat-1861	119	1	ssrn.939447	ssrn.939447	PROPN
easat-1861	119	2	[	[	X
easat-1861	119	3	4	4	NUM
easat-1861	119	4	]	]	X
easat-1861	119	5	conrad	conrad	PROPN
easat-1861	119	6	,	,	PUNCT
easat-1861	119	7	c.	c.	PROPN
easat-1861	119	8	,	,	PUNCT
easat-1861	119	9	loch	loch	PROPN
easat-1861	119	10	k.	k.	PROPN
easat-1861	119	11	and	and	CCONJ
easat-1861	119	12	rittler	rittler	VERB
easat-1861	119	13	,	,	PUNCT
easat-1861	119	14	d.	d.	PROPN
easat-1861	119	15	,	,	PUNCT
easat-1861	119	16	on	on	ADP
easat-1861	119	17	the	the	DET
easat-1861	119	18	macroeconomic	macroeconomic	ADJ
easat-1861	119	19	determinants	determinant	NOUN
easat-1861	119	20	of	of	ADP
easat-1861	119	21	long	long	ADJ
easat-1861	119	22	-	-	PUNCT
easat-1861	119	23	term	term	NOUN
easat-1861	119	24	volatilities	volatility	NOUN
easat-1861	119	25	and	and	CCONJ
easat-1861	119	26	correlations	correlation	NOUN
easat-1861	119	27	in	in	ADP
easat-1861	119	28	us	us	PROPN
easat-1861	119	29	stock	stock	NOUN
easat-1861	119	30	and	and	CCONJ
easat-1861	119	31	crude	crude	ADJ
easat-1861	119	32	oil	oil	NOUN
easat-1861	119	33	markets	market	NOUN
easat-1861	119	34	,	,	PUNCT
easat-1861	119	35	journal	journal	NOUN
easat-1861	119	36	of	of	ADP
easat-1861	119	37	empirical	empirical	ADJ
easat-1861	119	38	finance	finance	NOUN
easat-1861	119	39	,	,	PUNCT
easat-1861	119	40	29	29	NUM
easat-1861	119	41	(	(	PUNCT
easat-1861	119	42	2014	2014	NUM
easat-1861	119	43	)	)	PUNCT
easat-1861	119	44	,	,	PUNCT
easat-1861	119	45	26	26	NUM
easat-1861	119	46	-	-	SYM
easat-1861	119	47	40	40	NUM
easat-1861	119	48	.	.	PUNCT
easat-1861	120	1	10.1016	10.1016	NUM
easat-1861	120	2	/	/	SYM
easat-1861	120	3	j.jempfin.2014.03.009	j.jempfin.2014.03.009	X
easat-1861	121	1	[	[	X
easat-1861	121	2	5	5	NUM
easat-1861	121	3	]	]	X
easat-1861	121	4	chauvet	chauvet	NOUN
easat-1861	121	5	,	,	PUNCT
easat-1861	121	6	m.	m.	NOUN
easat-1861	121	7	,	,	PUNCT
easat-1861	121	8	zeynep	zeynep	PROPN
easat-1861	121	9	,	,	PUNCT
easat-1861	121	10	s.	s.	PROPN
easat-1861	121	11	and	and	CCONJ
easat-1861	121	12	emre	emre	PROPN
easat-1861	121	13	.	.	PUNCT
easat-1861	122	1	y.	y.	PROPN
easat-1861	122	2	,	,	PUNCT
easat-1861	122	3	what	what	PRON
easat-1861	122	4	does	do	AUX
easat-1861	122	5	financial	financial	ADJ
easat-1861	122	6	volatility	volatility	NOUN
easat-1861	122	7	tell	tell	VERB
easat-1861	122	8	us	we	PRON
easat-1861	122	9	about	about	ADP
easat-1861	122	10	macroeconomic	macroeconomic	ADJ
easat-1861	122	11	fluctuations	fluctuation	NOUN
easat-1861	122	12	?	?	PUNCT
easat-1861	122	13	,	,	PUNCT
easat-1861	122	14	feds	feds	PROPN
easat-1861	122	15	working	working	NOUN
easat-1861	122	16	paper	paper	NOUN
easat-1861	122	17	,	,	PUNCT
easat-1861	122	18	(	(	PUNCT
easat-1861	122	19	2012	2012	NUM
easat-1861	122	20	)	)	PUNCT
easat-1861	122	21	.	.	PUNCT
easat-1861	123	1	https://doi.org/10.1016/j.jedc.2015.01.002	https://doi.org/10.1016/j.jedc.2015.01.002	NOUN
easat-1861	124	1	[	[	X
easat-1861	124	2	6	6	NUM
easat-1861	124	3	]	]	X
easat-1861	124	4	conrad	conrad	PROPN
easat-1861	124	5	,	,	PUNCT
easat-1861	124	6	c.	c.	PROPN
easat-1861	124	7	and	and	CCONJ
easat-1861	124	8	loch	loch	PROPN
easat-1861	124	9	,	,	PUNCT
easat-1861	124	10	k.	k.	PROPN
easat-1861	124	11	,	,	PUNCT
easat-1861	124	12	anticipating	anticipate	VERB
easat-1861	124	13	long	long	ADJ
easat-1861	124	14	-	-	PUNCT
easat-1861	124	15	term	term	NOUN
easat-1861	124	16	stock	stock	NOUN
easat-1861	124	17	market	market	NOUN
easat-1861	124	18	volatility	volatility	NOUN
easat-1861	124	19	,	,	PUNCT
easat-1861	124	20	journal	journal	NOUN
easat-1861	124	21	of	of	ADP
easat-1861	124	22	applied	applied	ADJ
easat-1861	124	23	econometrics	econometric	NOUN
easat-1861	124	24	,	,	PUNCT
easat-1861	124	25	30	30	NUM
easat-1861	124	26	(	(	PUNCT
easat-1861	124	27	2015	2015	NUM
easat-1861	124	28	)	)	PUNCT
easat-1861	124	29	,	,	PUNCT
easat-1861	124	30	10901114	10901114	NUM
easat-1861	124	31	.	.	PUNCT
easat-1861	125	1	https://doi.org/10.1002/jae.2404	https://doi.org/10.1002/jae.2404	PROPN
easat-1861	125	2	[	[	X
easat-1861	125	3	7	7	NUM
easat-1861	125	4	]	]	X
easat-1861	125	5	asgharian	asgharian	PROPN
easat-1861	125	6	,	,	PUNCT
easat-1861	125	7	h.	h.	PROPN
easat-1861	125	8	,	,	PUNCT
easat-1861	125	9	hou	hou	PROPN
easat-1861	125	10	,	,	PUNCT
easat-1861	125	11	a.	a.	PROPN
easat-1861	125	12	j.	j.	PROPN
easat-1861	125	13	and	and	CCONJ
easat-1861	125	14	javed	javed	PROPN
easat-1861	125	15	,	,	PUNCT
easat-1861	125	16	f.	f.	PROPN
easat-1861	125	17	,	,	PUNCT
easat-1861	125	18	the	the	DET
easat-1861	125	19	importance	importance	NOUN
easat-1861	125	20	of	of	ADP
easat-1861	125	21	the	the	DET
easat-1861	125	22	macroeconomic	macroeconomic	ADJ
easat-1861	125	23	variables	variable	NOUN
easat-1861	125	24	in	in	ADP
easat-1861	125	25	forecasting	forecast	VERB
easat-1861	125	26	stock	stock	NOUN
easat-1861	125	27	return	return	NOUN
easat-1861	125	28	variance	variance	NOUN
easat-1861	125	29	:	:	PUNCT
easat-1861	125	30	a	a	DET
easat-1861	125	31	garch	garch	NOUN
easat-1861	125	32	midas	midas	PROPN
easat-1861	125	33	approach	approach	NOUN
easat-1861	125	34	,	,	PUNCT
easat-1861	125	35	journal	journal	NOUN
easat-1861	125	36	of	of	ADP
easat-1861	125	37	forecasting	forecasting	NOUN
easat-1861	125	38	,	,	PUNCT
easat-1861	125	39	32	32	NUM
easat-1861	125	40	(	(	PUNCT
easat-1861	125	41	2013	2013	NUM
easat-1861	125	42	)	)	PUNCT
easat-1861	125	43	,	,	PUNCT
easat-1861	125	44	600	600	NUM
easat-1861	125	45	-	-	SYM
easat-1861	125	46	612	612	NUM
easat-1861	125	47	.	.	PUNCT
easat-1861	126	1	http://doi.org/10.1002/for.2256	http://doi.org/10.1002/for.2256	PROPN
easat-1861	126	2	[	[	X
easat-1861	126	3	8	8	NUM
easat-1861	126	4	]	]	X
easat-1861	126	5	seung	seung	PROPN
easat-1861	126	6	hee	hee	PROPN
easat-1861	126	7	lee	lee	PROPN
easat-1861	126	8	,	,	PUNCT
easat-1861	126	9	hee	hee	PROPN
easat-1861	126	10	joon	joon	PROPN
easat-1861	126	11	han	han	PROPN
easat-1861	126	12	,	,	PUNCT
easat-1861	126	13	adopting	adopt	VERB
easat-1861	126	14	economic	economic	ADJ
easat-1861	126	15	and	and	CCONJ
easat-1861	126	16	financial	financial	ADJ
easat-1861	126	17	variables	variable	NOUN
easat-1861	126	18	to	to	PART
easat-1861	126	19	explain	explain	VERB
easat-1861	126	20	stock	stock	NOUN
easat-1861	126	21	market	market	NOUN
easat-1861	126	22	volatility	volatility	NOUN
easat-1861	126	23	in	in	ADP
easat-1861	126	24	korea	korea	PROPN
easat-1861	126	25	,	,	PUNCT
easat-1861	126	26	the	the	DET
easat-1861	126	27	korean	korean	ADJ
easat-1861	126	28	journal	journal	NOUN
easat-1861	126	29	of	of	ADP
easat-1861	126	30	economic	economic	ADJ
easat-1861	126	31	studies	study	NOUN
easat-1861	126	32	,	,	PUNCT
easat-1861	126	33	64	64	NUM
easat-1861	126	34	(	(	PUNCT
easat-1861	126	35	2016	2016	NUM
easat-1861	126	36	)	)	PUNCT
easat-1861	126	37	,	,	PUNCT
easat-1861	126	38	67	67	NUM
easat-1861	126	39	-	-	SYM
easat-1861	126	40	95	95	NUM
easat-1861	126	41	.	.	PUNCT
easat-1861	127	1	uci	uci	PROPN
easat-1861	127	2	:	:	PUNCT
easat-1861	127	3	i410	i410	PROPN
easat-1861	127	4	-	-	PUNCT
easat-1861	127	5	ecn-0102	ecn-0102	NOUN
easat-1861	127	6	-	-	PUNCT
easat-1861	127	7	2017	2017	NUM
easat-1861	127	8	-	-	PUNCT
easat-1861	127	9	320	320	NUM
easat-1861	127	10	-	-	PUNCT
easat-1861	127	11	000177235	000177235	NUM
easat-1861	127	12	[	[	X
easat-1861	127	13	9	9	NUM
easat-1861	127	14	]	]	PUNCT
easat-1861	127	15	young	young	ADJ
easat-1861	128	1	i	i	PROPN
easat-1861	128	2	m	m	PROPN
easat-1861	128	3	lee	lee	PROPN
easat-1861	128	4	,	,	PUNCT
easat-1861	128	5	jin	jin	PROPN
easat-1861	128	6	lee	lee	PROPN
easat-1861	128	7	,	,	PUNCT
easat-1861	128	8	forecasting	forecast	VERB
easat-1861	128	9	stock	stock	NOUN
easat-1861	128	10	market	market	NOUN
easat-1861	128	11	volatility	volatility	NOUN
easat-1861	128	12	using	use	VERB
easat-1861	128	13	garch	garch	NOUN
easat-1861	128	14	-	-	PUNCT
easat-1861	128	15	midas	midas	PROPN
easat-1861	128	16	model	model	PROPN
easat-1861	128	17	,	,	PUNCT
easat-1861	128	18	korea	korea	PROPN
easat-1861	128	19	deposit	deposit	PROPN
easat-1861	128	20	insurance	insurance	NOUN
easat-1861	128	21	corporation	corporation	NOUN
easat-1861	128	22	,	,	PUNCT
easat-1861	128	23	18	18	NUM
easat-1861	128	24	(	(	PUNCT
easat-1861	128	25	2017	2017	NUM
easat-1861	128	26	)	)	PUNCT
easat-1861	128	27	,	,	PUNCT
easat-1861	128	28	141	141	NUM
easat-1861	128	29	-	-	SYM
easat-1861	128	30	162	162	NUM
easat-1861	128	31	.	.	PUNCT
easat-1861	129	1	http://dx.doi.org/10.2139/ssrn.3001724	http://dx.doi.org/10.2139/ssrn.3001724	NUM
easat-1861	129	2	[	[	X
easat-1861	129	3	10	10	NUM
easat-1861	129	4	]	]	PUNCT
easat-1861	129	5	do	do	VERB
easat-1861	129	6	kyun	kyun	PROPN
easat-1861	129	7	chun	chun	PROPN
easat-1861	129	8	,	,	PUNCT
easat-1861	129	9	volatility	volatility	NOUN
easat-1861	129	10	estimation	estimation	NOUN
easat-1861	129	11	with	with	ADP
easat-1861	129	12	stochastic	stochastic	ADJ
easat-1861	129	13	volatility	volatility	NOUN
easat-1861	129	14	model	model	NOUN
easat-1861	129	15	:	:	PUNCT
easat-1861	129	16	application	application	NOUN
easat-1861	129	17	in	in	ADP
easat-1861	129	18	korean	korean	ADJ
easat-1861	129	19	exchange	exchange	NOUN
easat-1861	129	20	market	market	NOUN
easat-1861	129	21	,	,	PUNCT
easat-1861	129	22	korea	korea	PROPN
easat-1861	129	23	advanced	advanced	PROPN
easat-1861	129	24	institute	institute	PROPN
easat-1861	129	25	of	of	ADP
easat-1861	129	26	science	science	NOUN
easat-1861	129	27	and	and	CCONJ
easat-1861	129	28	technology	technology	NOUN
easat-1861	129	29	,	,	PUNCT
easat-1861	129	30	theses	theses	PROPN
easat-1861	129	31	master	master	NOUN
easat-1861	129	32	.	.	PUNCT
easat-1861	130	1	(	(	PUNCT
easat-1861	130	2	2017	2017	NUM
easat-1861	130	3	)	)	PUNCT
easat-1861	130	4	.	.	PUNCT
easat-1861	131	1	[	[	X
easat-1861	131	2	11	11	NUM
easat-1861	131	3	]	]	X
easat-1861	131	4	conrad	conrad	PROPN
easat-1861	131	5	,	,	PUNCT
easat-1861	131	6	c.	c.	PROPN
easat-1861	131	7	and	and	CCONJ
easat-1861	131	8	kleen	kleen	PROPN
easat-1861	131	9	,	,	PUNCT
easat-1861	131	10	o.	o.	PROPN
easat-1861	131	11	,	,	PUNCT
easat-1861	131	12	two	two	NUM
easat-1861	131	13	are	be	AUX
easat-1861	131	14	better	well	ADJ
easat-1861	131	15	than	than	ADP
easat-1861	131	16	one	one	NUM
easat-1861	131	17	:	:	PUNCT
easat-1861	131	18	volatility	volatility	NOUN
easat-1861	131	19	forecasting	forecasting	NOUN
easat-1861	131	20	using	use	VERB
easat-1861	131	21	multiplicative	multiplicative	ADJ
easat-1861	131	22	component	component	NOUN
easat-1861	131	23	garch‐midas	garch‐mida	NOUN
easat-1861	131	24	models	model	NOUN
easat-1861	131	25	,	,	PUNCT
easat-1861	131	26	journal	journal	NOUN
easat-1861	131	27	of	of	ADP
easat-1861	131	28	applied	applied	ADJ
easat-1861	131	29	econometrics	econometric	NOUN
easat-1861	131	30	,	,	PUNCT
easat-1861	131	31	35	35	NUM
easat-1861	131	32	(	(	PUNCT
easat-1861	131	33	2020	2020	NUM
easat-1861	131	34	)	)	PUNCT
easat-1861	131	35	,	,	PUNCT
easat-1861	131	36	19	19	NUM
easat-1861	131	37	-	-	SYM
easat-1861	131	38	45	45	NUM
easat-1861	131	39	.	.	PUNCT
easat-1861	132	1	https://doi.org/10.1002/jae.2742	https://doi.org/10.1002/jae.2742	PROPN
easat-1861	132	2	[	[	X
easat-1861	132	3	12	12	NUM
easat-1861	132	4	]	]	X
easat-1861	132	5	mcleod	mcleod	PROPN
easat-1861	132	6	,	,	PUNCT
easat-1861	132	7	a.	a.	NOUN
easat-1861	132	8	i.	i.	PROPN
easat-1861	132	9	and	and	CCONJ
easat-1861	132	10	li	li	PROPN
easat-1861	132	11	,	,	PUNCT
easat-1861	132	12	w.	w.	PROPN
easat-1861	132	13	k.	k.	PROPN
easat-1861	132	14	,	,	PUNCT
easat-1861	132	15	diagnostic	diagnostic	ADJ
easat-1861	132	16	checking	checking	NOUN
easat-1861	132	17	arma	arma	PROPN
easat-1861	132	18	time	time	NOUN
easat-1861	132	19	series	series	PROPN
easat-1861	132	20	models	model	NOUN
easat-1861	132	21	using	use	VERB
easat-1861	132	22	squared_residual	squared_residual	ADJ
easat-1861	132	23	autocorrelations	autocorrelation	NOUN
easat-1861	132	24	,	,	PUNCT
easat-1861	132	25	journal	journal	NOUN
easat-1861	132	26	of	of	ADP
easat-1861	132	27	time	time	NOUN
easat-1861	132	28	series	series	PROPN
easat-1861	132	29	analysis	analysis	NOUN
easat-1861	132	30	,	,	PUNCT
easat-1861	132	31	4	4	NUM
easat-1861	132	32	(	(	PUNCT
easat-1861	132	33	1983	1983	NUM
easat-1861	132	34	)	)	PUNCT
easat-1861	132	35	,	,	PUNCT
easat-1861	132	36	269	269	NUM
easat-1861	132	37	-	-	SYM
easat-1861	132	38	273	273	NUM
easat-1861	132	39	.	.	PUNCT
easat-1861	133	1	https://doi.org/10.1111/j.1467-9892.1983.tb00373.x	https://doi.org/10.1111/j.1467-9892.1983.tb00373.x	PUNCT
easat-1861	134	1	[	[	X
easat-1861	134	2	13	13	NUM
easat-1861	134	3	]	]	X
easat-1861	134	4	eagle	eagle	PROPN
easat-1861	134	5	,	,	PUNCT
easat-1861	134	6	r.	r.	PROPN
easat-1861	134	7	f.	f.	PROPN
easat-1861	134	8	autoregressive	autoregressive	ADJ
easat-1861	134	9	conditional	conditional	ADJ
easat-1861	134	10	heteroskedasticity	heteroskedasticity	NOUN
easat-1861	134	11	with	with	ADP
easat-1861	134	12	estomation	estomation	NOUN
easat-1861	134	13	of	of	ADP
easat-1861	134	14	variance	variance	NOUN
easat-1861	134	15	of	of	ADP
easat-1861	134	16	united	united	PROPN
easat-1861	134	17	kingdom	kingdom	PROPN
easat-1861	134	18	inflation	inflation	NOUN
easat-1861	134	19	,	,	PUNCT
easat-1861	134	20	econometrica	econometrica	PROPN
easat-1861	134	21	,	,	PUNCT
easat-1861	134	22	50	50	NUM
easat-1861	134	23	(	(	PUNCT
easat-1861	134	24	1982	1982	NUM
easat-1861	134	25	)	)	PUNCT
easat-1861	134	26	,	,	PUNCT
easat-1861	134	27	987	987	NUM
easat-1861	134	28	-	-	SYM
easat-1861	134	29	1007	1007	NUM
easat-1861	134	30	.	.	PUNCT
easat-1861	135	1	https://doi.org/10.2307/1912773	https://doi.org/10.2307/1912773	PROPN
easat-1861	135	2	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN