id	sid	tid	token	lemma	pos
fbem-18379	1	1	frontiers	frontier	NOUN
fbem-18379	1	2	in	in	ADP
fbem-18379	1	3	business	business	NOUN
fbem-18379	1	4	,	,	PUNCT
fbem-18379	1	5	economics	economic	NOUN
fbem-18379	1	6	and	and	CCONJ
fbem-18379	1	7	management	management	NOUN
fbem-18379	1	8	issn	issn	PROPN
fbem-18379	1	9	:	:	PUNCT
fbem-18379	1	10	2766	2766	NUM
fbem-18379	1	11	-	-	PUNCT
fbem-18379	1	12	824x	824x	NUM
fbem-18379	1	13	|	|	ADJ
fbem-18379	1	14	vol	vol	NOUN
fbem-18379	1	15	.	.	PROPN
fbem-18379	1	16	13	13	NUM
fbem-18379	1	17	,	,	PUNCT
fbem-18379	1	18	no	no	INTJ
fbem-18379	1	19	.	.	NOUN
fbem-18379	1	20	3	3	NUM
fbem-18379	1	21	,	,	PUNCT
fbem-18379	1	22	2024	2024	NUM
fbem-18379	1	23	369	369	NUM
fbem-18379	1	24	shanghai	shanghai	PROPN
fbem-18379	1	25	crude	crude	PROPN
fbem-18379	1	26	oil	oil	NOUN
fbem-18379	1	27	futures	future	NOUN
fbem-18379	1	28	yield	yield	VERB
fbem-18379	1	29	volatility	volatility	NOUN
fbem-18379	1	30	study	study	PROPN
fbem-18379	1	31	wenhui	wenhui	PROPN
fbem-18379	1	32	cong1	cong1	PROPN
fbem-18379	1	33	,	,	PUNCT
fbem-18379	1	34	*	*	SYM
fbem-18379	1	35	1	1	NUM
fbem-18379	1	36	department	department	NOUN
fbem-18379	1	37	of	of	ADP
fbem-18379	1	38	statistics	statistic	NOUN
fbem-18379	1	39	,	,	PUNCT
fbem-18379	1	40	anhui	anhui	PROPN
fbem-18379	1	41	university	university	PROPN
fbem-18379	1	42	of	of	ADP
fbem-18379	1	43	finance	finance	NOUN
fbem-18379	1	44	and	and	CCONJ
fbem-18379	1	45	economics	economic	NOUN
fbem-18379	1	46	,	,	PUNCT
fbem-18379	1	47	bengbu	bengbu	NOUN
fbem-18379	1	48	,	,	PUNCT
fbem-18379	1	49	anhui	anhui	PROPN
fbem-18379	1	50	,	,	PUNCT
fbem-18379	1	51	233041	233041	NUM
fbem-18379	1	52	,	,	PUNCT
fbem-18379	1	53	china	china	PROPN
fbem-18379	1	54	*	*	PUNCT
fbem-18379	1	55	corresponding	correspond	VERB
fbem-18379	1	56	author	author	NOUN
fbem-18379	1	57	:	:	PUNCT
fbem-18379	1	58	wenhui	wenhui	PROPN
fbem-18379	1	59	cong	cong	PROPN
fbem-18379	1	60	(	(	PUNCT
fbem-18379	1	61	email	email	NOUN
fbem-18379	1	62	:	:	PUNCT
fbem-18379	1	63	18726445453@163.com	18726445453@163.com	X
fbem-18379	1	64	)	)	PUNCT
fbem-18379	1	65	abstract	abstract	NOUN
fbem-18379	1	66	:	:	PUNCT
fbem-18379	1	67	since	since	SCONJ
fbem-18379	1	68	the	the	DET
fbem-18379	1	69	listing	listing	NOUN
fbem-18379	1	70	of	of	ADP
fbem-18379	1	71	shanghai	shanghai	PROPN
fbem-18379	1	72	crude	crude	PROPN
fbem-18379	1	73	oil	oil	NOUN
fbem-18379	1	74	futures	future	NOUN
fbem-18379	1	75	in	in	ADP
fbem-18379	1	76	march	march	PROPN
fbem-18379	1	77	2018	2018	NUM
fbem-18379	1	78	its	its	PRON
fbem-18379	1	79	market	market	NOUN
fbem-18379	1	80	performance	performance	NOUN
fbem-18379	1	81	has	have	AUX
fbem-18379	1	82	gradually	gradually	ADV
fbem-18379	1	83	attracted	attract	VERB
fbem-18379	1	84	attention	attention	NOUN
fbem-18379	1	85	.	.	PUNCT
fbem-18379	2	1	the	the	DET
fbem-18379	2	2	closing	closing	NOUN
fbem-18379	2	3	price	price	NOUN
fbem-18379	2	4	data	datum	NOUN
fbem-18379	2	5	of	of	ADP
fbem-18379	2	6	the	the	DET
fbem-18379	2	7	futures	future	NOUN
fbem-18379	2	8	for	for	ADP
fbem-18379	2	9	the	the	DET
fbem-18379	2	10	period	period	NOUN
fbem-18379	2	11	from	from	ADP
fbem-18379	2	12	march	march	PROPN
fbem-18379	2	13	26	26	NUM
fbem-18379	2	14	,	,	PUNCT
fbem-18379	2	15	2018	2018	NUM
fbem-18379	2	16	to	to	ADP
fbem-18379	2	17	april	april	PROPN
fbem-18379	2	18	17	17	NUM
fbem-18379	2	19	,	,	PUNCT
fbem-18379	2	20	2023	2023	NUM
fbem-18379	2	21	are	be	AUX
fbem-18379	2	22	selected	select	VERB
fbem-18379	2	23	as	as	ADP
fbem-18379	2	24	observations	observation	NOUN
fbem-18379	2	25	,	,	PUNCT
fbem-18379	2	26	and	and	CCONJ
fbem-18379	2	27	a	a	DET
fbem-18379	2	28	garch	garch	NOUN
fbem-18379	2	29	model	model	NOUN
fbem-18379	2	30	is	be	AUX
fbem-18379	2	31	fitted	fit	VERB
fbem-18379	2	32	to	to	ADP
fbem-18379	2	33	the	the	DET
fbem-18379	2	34	futures	future	NOUN
fbem-18379	2	35	log	log	VERB
fbem-18379	2	36	return	return	NOUN
fbem-18379	2	37	series	series	NOUN
fbem-18379	2	38	to	to	PART
fbem-18379	2	39	analyze	analyze	VERB
fbem-18379	2	40	the	the	DET
fbem-18379	2	41	development	development	NOUN
fbem-18379	2	42	of	of	ADP
fbem-18379	2	43	shanghai	shanghai	PROPN
fbem-18379	2	44	crude	crude	PROPN
fbem-18379	2	45	oil	oil	NOUN
fbem-18379	2	46	futures	future	NOUN
fbem-18379	2	47	and	and	CCONJ
fbem-18379	2	48	its	its	PRON
fbem-18379	2	49	future	future	ADJ
fbem-18379	2	50	trend	trend	NOUN
fbem-18379	2	51	.	.	PUNCT
fbem-18379	3	1	the	the	DET
fbem-18379	3	2	study	study	NOUN
fbem-18379	3	3	finds	find	VERB
fbem-18379	3	4	that	that	SCONJ
fbem-18379	3	5	extreme	extreme	ADJ
fbem-18379	3	6	events	event	NOUN
fbem-18379	3	7	such	such	ADJ
fbem-18379	3	8	as	as	ADP
fbem-18379	3	9	the	the	DET
fbem-18379	3	10	new	new	ADJ
fbem-18379	3	11	crown	crown	NOUN
fbem-18379	3	12	epidemic	epidemic	NOUN
fbem-18379	3	13	and	and	CCONJ
fbem-18379	3	14	the	the	DET
fbem-18379	3	15	russia	russia	PROPN
fbem-18379	3	16	-	-	PUNCT
fbem-18379	3	17	ukraine	ukraine	PROPN
fbem-18379	3	18	conflict	conflict	NOUN
fbem-18379	3	19	had	have	AUX
fbem-18379	3	20	led	lead	VERB
fbem-18379	3	21	to	to	ADP
fbem-18379	3	22	high	high	ADJ
fbem-18379	3	23	volatility	volatility	NOUN
fbem-18379	3	24	of	of	ADP
fbem-18379	3	25	shanghai	shanghai	PROPN
fbem-18379	3	26	crude	crude	PROPN
fbem-18379	3	27	oil	oil	NOUN
fbem-18379	3	28	futures	future	NOUN
fbem-18379	3	29	,	,	PUNCT
fbem-18379	3	30	but	but	CCONJ
fbem-18379	3	31	the	the	DET
fbem-18379	3	32	volatility	volatility	NOUN
fbem-18379	3	33	gradually	gradually	ADV
fbem-18379	3	34	stabilized	stabilize	VERB
fbem-18379	3	35	in	in	ADP
fbem-18379	3	36	the	the	DET
fbem-18379	3	37	context	context	NOUN
fbem-18379	3	38	of	of	ADP
fbem-18379	3	39	the	the	DET
fbem-18379	3	40	double	double	ADJ
fbem-18379	3	41	cycle	cycle	NOUN
fbem-18379	3	42	at	at	ADP
fbem-18379	3	43	home	home	NOUN
fbem-18379	3	44	and	and	CCONJ
fbem-18379	3	45	abroad	abroad	ADV
fbem-18379	3	46	.	.	PUNCT
fbem-18379	4	1	the	the	DET
fbem-18379	4	2	study	study	NOUN
fbem-18379	4	3	compares	compare	VERB
fbem-18379	4	4	the	the	DET
fbem-18379	4	5	effectiveness	effectiveness	NOUN
fbem-18379	4	6	of	of	ADP
fbem-18379	4	7	the	the	DET
fbem-18379	4	8	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	4	9	model	model	NOUN
fbem-18379	4	10	and	and	CCONJ
fbem-18379	4	11	the	the	DET
fbem-18379	4	12	garch(1,1)-ged	garch(1,1)-ged	ADJ
fbem-18379	4	13	model	model	NOUN
fbem-18379	4	14	in	in	ADP
fbem-18379	4	15	fitting	fit	VERB
fbem-18379	4	16	the	the	DET
fbem-18379	4	17	logarithmic	logarithmic	ADJ
fbem-18379	4	18	returns	return	NOUN
fbem-18379	4	19	of	of	ADP
fbem-18379	4	20	the	the	DET
fbem-18379	4	21	shanghai	shanghai	PROPN
fbem-18379	4	22	crude	crude	PROPN
fbem-18379	4	23	oil	oil	NOUN
fbem-18379	4	24	futures	future	NOUN
fbem-18379	4	25	market	market	NOUN
fbem-18379	4	26	.	.	PUNCT
fbem-18379	5	1	the	the	DET
fbem-18379	5	2	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	5	3	model	model	NOUN
fbem-18379	5	4	is	be	AUX
fbem-18379	5	5	able	able	ADJ
fbem-18379	5	6	to	to	PART
fbem-18379	5	7	better	well	ADV
fbem-18379	5	8	capture	capture	VERB
fbem-18379	5	9	the	the	DET
fbem-18379	5	10	asymmetry	asymmetry	NOUN
fbem-18379	5	11	of	of	ADP
fbem-18379	5	12	the	the	DET
fbem-18379	5	13	market	market	NOUN
fbem-18379	5	14	volatility	volatility	NOUN
fbem-18379	5	15	and	and	CCONJ
fbem-18379	5	16	the	the	DET
fbem-18379	5	17	phenomenon	phenomenon	NOUN
fbem-18379	5	18	of	of	ADP
fbem-18379	5	19	sharp	sharp	ADJ
fbem-18379	5	20	peaks	peak	NOUN
fbem-18379	5	21	and	and	CCONJ
fbem-18379	5	22	thick	thick	ADJ
fbem-18379	5	23	tails	tail	NOUN
fbem-18379	5	24	after	after	ADP
fbem-18379	5	25	taking	take	VERB
fbem-18379	5	26	into	into	ADP
fbem-18379	5	27	account	account	NOUN
fbem-18379	5	28	the	the	DET
fbem-18379	5	29	distributional	distributional	ADJ
fbem-18379	5	30	characteristics	characteristic	NOUN
fbem-18379	5	31	of	of	ADP
fbem-18379	5	32	the	the	DET
fbem-18379	5	33	residuals	residual	NOUN
fbem-18379	5	34	.	.	PUNCT
fbem-18379	6	1	in	in	ADP
fbem-18379	6	2	the	the	DET
fbem-18379	6	3	paper	paper	NOUN
fbem-18379	6	4	,	,	PUNCT
fbem-18379	6	5	the	the	DET
fbem-18379	6	6	closing	closing	NOUN
fbem-18379	6	7	price	price	NOUN
fbem-18379	6	8	of	of	ADP
fbem-18379	6	9	shanghai	shanghai	PROPN
fbem-18379	6	10	crude	crude	PROPN
fbem-18379	6	11	oil	oil	NOUN
fbem-18379	6	12	futures	future	NOUN
fbem-18379	6	13	in	in	ADP
fbem-18379	6	14	the	the	DET
fbem-18379	6	15	next	next	ADJ
fbem-18379	6	16	10	10	NUM
fbem-18379	6	17	days	day	NOUN
fbem-18379	6	18	is	be	AUX
fbem-18379	6	19	predicted	predict	VERB
fbem-18379	6	20	according	accord	VERB
fbem-18379	6	21	to	to	ADP
fbem-18379	6	22	the	the	DET
fbem-18379	6	23	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	6	24	model	model	NOUN
fbem-18379	6	25	,	,	PUNCT
fbem-18379	6	26	and	and	CCONJ
fbem-18379	6	27	the	the	DET
fbem-18379	6	28	short	short	ADJ
fbem-18379	6	29	-	-	PUNCT
fbem-18379	6	30	term	term	NOUN
fbem-18379	6	31	prediction	prediction	NOUN
fbem-18379	6	32	effect	effect	NOUN
fbem-18379	6	33	is	be	AUX
fbem-18379	6	34	better	well	ADJ
fbem-18379	6	35	.	.	PUNCT
fbem-18379	7	1	keywords	keyword	NOUN
fbem-18379	7	2	:	:	PUNCT
fbem-18379	7	3	garch	garch	NOUN
fbem-18379	7	4	model	model	NOUN
fbem-18379	7	5	,	,	PUNCT
fbem-18379	7	6	shanghai	shanghai	PROPN
fbem-18379	7	7	crude	crude	PROPN
fbem-18379	7	8	oil	oil	NOUN
fbem-18379	7	9	futures	future	NOUN
fbem-18379	7	10	market	market	NOUN
fbem-18379	7	11	,	,	PUNCT
fbem-18379	7	12	short	short	ADJ
fbem-18379	7	13	-	-	PUNCT
fbem-18379	7	14	term	term	NOUN
fbem-18379	7	15	forecasting	forecasting	NOUN
fbem-18379	7	16	.	.	PUNCT
fbem-18379	8	1	1	1	X
fbem-18379	8	2	.	.	X
fbem-18379	8	3	introduction	introduction	NOUN
fbem-18379	8	4	the	the	DET
fbem-18379	8	5	launch	launch	NOUN
fbem-18379	8	6	of	of	ADP
fbem-18379	8	7	china	china	PROPN
fbem-18379	8	8	crude	crude	PROPN
fbem-18379	8	9	oil	oil	NOUN
fbem-18379	8	10	futures	future	NOUN
fbem-18379	8	11	in	in	ADP
fbem-18379	8	12	2018	2018	NUM
fbem-18379	8	13	marks	mark	NOUN
fbem-18379	8	14	an	an	DET
fbem-18379	8	15	important	important	ADJ
fbem-18379	8	16	progress	progress	NOUN
fbem-18379	8	17	in	in	ADP
fbem-18379	8	18	energy	energy	NOUN
fbem-18379	8	19	financialization	financialization	NOUN
fbem-18379	8	20	.	.	PUNCT
fbem-18379	9	1	by	by	ADP
fbem-18379	9	2	providing	provide	VERB
fbem-18379	9	3	a	a	DET
fbem-18379	9	4	more	more	ADV
fbem-18379	9	5	comprehensive	comprehensive	ADJ
fbem-18379	9	6	,	,	PUNCT
fbem-18379	9	7	transparent	transparent	ADJ
fbem-18379	9	8	and	and	CCONJ
fbem-18379	9	9	efficient	efficient	ADJ
fbem-18379	9	10	price	price	NOUN
fbem-18379	9	11	discovery	discovery	NOUN
fbem-18379	9	12	mechanism	mechanism	NOUN
fbem-18379	9	13	,	,	PUNCT
fbem-18379	9	14	promoting	promote	VERB
fbem-18379	9	15	the	the	DET
fbem-18379	9	16	diversification	diversification	NOUN
fbem-18379	9	17	and	and	CCONJ
fbem-18379	9	18	marketization	marketization	NOUN
fbem-18379	9	19	of	of	ADP
fbem-18379	9	20	the	the	DET
fbem-18379	9	21	energy	energy	NOUN
fbem-18379	9	22	market	market	NOUN
fbem-18379	9	23	,	,	PUNCT
fbem-18379	9	24	as	as	ADV
fbem-18379	9	25	well	well	ADV
fbem-18379	9	26	as	as	ADP
fbem-18379	9	27	facilitating	facilitate	VERB
fbem-18379	9	28	the	the	DET
fbem-18379	9	29	internationalization	internationalization	NOUN
fbem-18379	9	30	of	of	ADP
fbem-18379	9	31	china	china	PROPN
fbem-18379	9	32	's	's	PART
fbem-18379	9	33	capital	capital	NOUN
fbem-18379	9	34	market	market	NOUN
fbem-18379	9	35	,	,	PUNCT
fbem-18379	9	36	china	china	PROPN
fbem-18379	9	37	's	's	PART
fbem-18379	9	38	crude	crude	ADJ
fbem-18379	9	39	oil	oil	NOUN
fbem-18379	9	40	futures	future	NOUN
fbem-18379	9	41	play	play	VERB
fbem-18379	9	42	an	an	DET
fbem-18379	9	43	important	important	ADJ
fbem-18379	9	44	role	role	NOUN
fbem-18379	9	45	in	in	ADP
fbem-18379	9	46	the	the	DET
fbem-18379	9	47	field	field	NOUN
fbem-18379	9	48	of	of	ADP
fbem-18379	9	49	energy	energy	NOUN
fbem-18379	9	50	financialization	financialization	NOUN
fbem-18379	9	51	.	.	PUNCT
fbem-18379	10	1	this	this	DET
fbem-18379	10	2	progress	progress	NOUN
fbem-18379	10	3	not	not	PART
fbem-18379	10	4	only	only	ADV
fbem-18379	10	5	has	have	VERB
fbem-18379	10	6	a	a	DET
fbem-18379	10	7	far	far	ADV
fbem-18379	10	8	-	-	PUNCT
fbem-18379	10	9	reaching	reach	VERB
fbem-18379	10	10	impact	impact	NOUN
fbem-18379	10	11	on	on	ADP
fbem-18379	10	12	the	the	DET
fbem-18379	10	13	development	development	NOUN
fbem-18379	10	14	of	of	ADP
fbem-18379	10	15	china	china	PROPN
fbem-18379	10	16	's	's	PART
fbem-18379	10	17	energy	energy	NOUN
fbem-18379	10	18	market	market	NOUN
fbem-18379	10	19	,	,	PUNCT
fbem-18379	10	20	but	but	CCONJ
fbem-18379	10	21	also	also	ADV
fbem-18379	10	22	provides	provide	VERB
fbem-18379	10	23	useful	useful	ADJ
fbem-18379	10	24	reference	reference	NOUN
fbem-18379	10	25	and	and	CCONJ
fbem-18379	10	26	inspiration	inspiration	NOUN
fbem-18379	10	27	for	for	ADP
fbem-18379	10	28	the	the	DET
fbem-18379	10	29	advancement	advancement	NOUN
fbem-18379	10	30	of	of	ADP
fbem-18379	10	31	global	global	ADJ
fbem-18379	10	32	energy	energy	NOUN
fbem-18379	10	33	financialization	financialization	NOUN
fbem-18379	10	34	.	.	PUNCT
fbem-18379	11	1	the	the	DET
fbem-18379	11	2	asian	asian	PROPN
fbem-18379	11	3	region	region	NOUN
fbem-18379	11	4	's	's	PART
fbem-18379	11	5	position	position	NOUN
fbem-18379	11	6	in	in	ADP
fbem-18379	11	7	the	the	DET
fbem-18379	11	8	global	global	ADJ
fbem-18379	11	9	crude	crude	ADJ
fbem-18379	11	10	oil	oil	NOUN
fbem-18379	11	11	consumption	consumption	NOUN
fbem-18379	11	12	market	market	NOUN
fbem-18379	11	13	has	have	AUX
fbem-18379	11	14	been	be	AUX
fbem-18379	11	15	increasing	increase	VERB
fbem-18379	11	16	,	,	PUNCT
fbem-18379	11	17	but	but	CCONJ
fbem-18379	11	18	the	the	DET
fbem-18379	11	19	lack	lack	NOUN
fbem-18379	11	20	of	of	ADP
fbem-18379	11	21	a	a	DET
fbem-18379	11	22	crude	crude	ADJ
fbem-18379	11	23	oil	oil	NOUN
fbem-18379	11	24	futures	future	NOUN
fbem-18379	11	25	contract	contract	NOUN
fbem-18379	11	26	that	that	PRON
fbem-18379	11	27	can	can	AUX
fbem-18379	11	28	reflect	reflect	VERB
fbem-18379	11	29	the	the	DET
fbem-18379	11	30	demand	demand	NOUN
fbem-18379	11	31	and	and	CCONJ
fbem-18379	11	32	supply	supply	NOUN
fbem-18379	11	33	situation	situation	NOUN
fbem-18379	11	34	in	in	ADP
fbem-18379	11	35	the	the	DET
fbem-18379	11	36	asian	asian	ADJ
fbem-18379	11	37	market	market	NOUN
fbem-18379	11	38	limits	limit	VERB
fbem-18379	11	39	the	the	DET
fbem-18379	11	40	comprehensiveness	comprehensiveness	NOUN
fbem-18379	11	41	and	and	CCONJ
fbem-18379	11	42	accuracy	accuracy	NOUN
fbem-18379	11	43	of	of	ADP
fbem-18379	11	44	international	international	ADJ
fbem-18379	11	45	crude	crude	ADJ
fbem-18379	11	46	oil	oil	NOUN
fbem-18379	11	47	pricing	pricing	NOUN
fbem-18379	11	48	.	.	PUNCT
fbem-18379	12	1	the	the	DET
fbem-18379	12	2	launch	launch	NOUN
fbem-18379	12	3	of	of	ADP
fbem-18379	12	4	china	china	PROPN
fbem-18379	12	5	's	's	PART
fbem-18379	12	6	crude	crude	ADJ
fbem-18379	12	7	oil	oil	NOUN
fbem-18379	12	8	futures	future	NOUN
fbem-18379	12	9	is	be	AUX
fbem-18379	12	10	of	of	ADP
fbem-18379	12	11	great	great	ADJ
fbem-18379	12	12	significance	significance	NOUN
fbem-18379	12	13	to	to	ADP
fbem-18379	12	14	the	the	DET
fbem-18379	12	15	pricing	pricing	NOUN
fbem-18379	12	16	system	system	NOUN
fbem-18379	12	17	of	of	ADP
fbem-18379	12	18	the	the	DET
fbem-18379	12	19	international	international	ADJ
fbem-18379	12	20	crude	crude	ADJ
fbem-18379	12	21	oil	oil	NOUN
fbem-18379	12	22	market	market	NOUN
fbem-18379	12	23	.	.	PUNCT
fbem-18379	13	1	as	as	ADP
fbem-18379	13	2	one	one	NUM
fbem-18379	13	3	of	of	ADP
fbem-18379	13	4	the	the	DET
fbem-18379	13	5	core	core	ADJ
fbem-18379	13	6	resources	resource	NOUN
fbem-18379	13	7	of	of	ADP
fbem-18379	13	8	global	global	ADJ
fbem-18379	13	9	energy	energy	NOUN
fbem-18379	13	10	,	,	PUNCT
fbem-18379	13	11	the	the	DET
fbem-18379	13	12	price	price	NOUN
fbem-18379	13	13	fluctuation	fluctuation	NOUN
fbem-18379	13	14	of	of	ADP
fbem-18379	13	15	crude	crude	ADJ
fbem-18379	13	16	oil	oil	NOUN
fbem-18379	13	17	has	have	VERB
fbem-18379	13	18	an	an	DET
fbem-18379	13	19	important	important	ADJ
fbem-18379	13	20	impact	impact	NOUN
fbem-18379	13	21	on	on	ADP
fbem-18379	13	22	the	the	DET
fbem-18379	13	23	global	global	ADJ
fbem-18379	13	24	economy	economy	NOUN
fbem-18379	13	25	and	and	CCONJ
fbem-18379	13	26	energy	energy	NOUN
fbem-18379	13	27	market	market	NOUN
fbem-18379	13	28	.	.	PUNCT
fbem-18379	14	1	however	however	ADV
fbem-18379	14	2	,	,	PUNCT
fbem-18379	14	3	in	in	ADP
fbem-18379	14	4	the	the	DET
fbem-18379	14	5	past	past	NOUN
fbem-18379	14	6	,	,	PUNCT
fbem-18379	14	7	china	china	PROPN
fbem-18379	14	8	's	's	PART
fbem-18379	14	9	voice	voice	NOUN
fbem-18379	14	10	in	in	ADP
fbem-18379	14	11	the	the	DET
fbem-18379	14	12	international	international	ADJ
fbem-18379	14	13	crude	crude	ADJ
fbem-18379	14	14	oil	oil	NOUN
fbem-18379	14	15	market	market	NOUN
fbem-18379	14	16	was	be	AUX
fbem-18379	14	17	relatively	relatively	ADV
fbem-18379	14	18	low	low	ADJ
fbem-18379	14	19	and	and	CCONJ
fbem-18379	14	20	it	it	PRON
fbem-18379	14	21	lacked	lack	VERB
fbem-18379	14	22	effective	effective	ADJ
fbem-18379	14	23	tools	tool	NOUN
fbem-18379	14	24	to	to	PART
fbem-18379	14	25	participate	participate	VERB
fbem-18379	14	26	in	in	ADP
fbem-18379	14	27	the	the	DET
fbem-18379	14	28	pricing	pricing	NOUN
fbem-18379	14	29	and	and	CCONJ
fbem-18379	14	30	trading	trading	NOUN
fbem-18379	14	31	of	of	ADP
fbem-18379	14	32	crude	crude	ADJ
fbem-18379	14	33	oil	oil	NOUN
fbem-18379	14	34	prices	price	NOUN
fbem-18379	14	35	.	.	PUNCT
fbem-18379	15	1	however	however	ADV
fbem-18379	15	2	,	,	PUNCT
fbem-18379	15	3	with	with	ADP
fbem-18379	15	4	the	the	DET
fbem-18379	15	5	listing	listing	NOUN
fbem-18379	15	6	and	and	CCONJ
fbem-18379	15	7	trading	trading	NOUN
fbem-18379	15	8	of	of	ADP
fbem-18379	15	9	crude	crude	ADJ
fbem-18379	15	10	oil	oil	NOUN
fbem-18379	15	11	futures	future	NOUN
fbem-18379	15	12	on	on	ADP
fbem-18379	15	13	the	the	DET
fbem-18379	15	14	shanghai	shanghai	PROPN
fbem-18379	15	15	futures	futures	PROPN
fbem-18379	15	16	exchange	exchange	PROPN
fbem-18379	15	17	,	,	PUNCT
fbem-18379	15	18	china	china	PROPN
fbem-18379	15	19	's	's	PART
fbem-18379	15	20	position	position	NOUN
fbem-18379	15	21	in	in	ADP
fbem-18379	15	22	the	the	DET
fbem-18379	15	23	crude	crude	ADJ
fbem-18379	15	24	oil	oil	NOUN
fbem-18379	15	25	market	market	NOUN
fbem-18379	15	26	has	have	AUX
fbem-18379	15	27	undergone	undergo	VERB
fbem-18379	15	28	positive	positive	ADJ
fbem-18379	15	29	changes	change	NOUN
fbem-18379	15	30	.	.	PUNCT
fbem-18379	16	1	the	the	DET
fbem-18379	16	2	rapid	rapid	ADJ
fbem-18379	16	3	development	development	NOUN
fbem-18379	16	4	of	of	ADP
fbem-18379	16	5	china	china	PROPN
fbem-18379	16	6	's	's	PART
fbem-18379	16	7	crude	crude	ADJ
fbem-18379	16	8	oil	oil	NOUN
fbem-18379	16	9	futures	future	NOUN
fbem-18379	16	10	not	not	PART
fbem-18379	16	11	only	only	ADV
fbem-18379	16	12	reflects	reflect	VERB
fbem-18379	16	13	the	the	DET
fbem-18379	16	14	increasing	increase	VERB
fbem-18379	16	15	openness	openness	NOUN
fbem-18379	16	16	and	and	CCONJ
fbem-18379	16	17	innovation	innovation	NOUN
fbem-18379	16	18	of	of	ADP
fbem-18379	16	19	china	china	PROPN
fbem-18379	16	20	's	's	PART
fbem-18379	16	21	financial	financial	ADJ
fbem-18379	16	22	market	market	NOUN
fbem-18379	16	23	,	,	PUNCT
fbem-18379	16	24	but	but	CCONJ
fbem-18379	16	25	also	also	ADV
fbem-18379	16	26	the	the	DET
fbem-18379	16	27	rise	rise	NOUN
fbem-18379	16	28	of	of	ADP
fbem-18379	16	29	china	china	PROPN
fbem-18379	16	30	's	's	PART
fbem-18379	16	31	economy	economy	NOUN
fbem-18379	16	32	and	and	CCONJ
fbem-18379	16	33	its	its	PRON
fbem-18379	16	34	significant	significant	ADJ
fbem-18379	16	35	influence	influence	NOUN
fbem-18379	16	36	on	on	ADP
fbem-18379	16	37	the	the	DET
fbem-18379	16	38	global	global	ADJ
fbem-18379	16	39	crude	crude	ADJ
fbem-18379	16	40	oil	oil	NOUN
fbem-18379	16	41	market	market	NOUN
fbem-18379	16	42	.	.	PUNCT
fbem-18379	17	1	with	with	ADP
fbem-18379	17	2	the	the	DET
fbem-18379	17	3	launch	launch	NOUN
fbem-18379	17	4	of	of	ADP
fbem-18379	17	5	china	china	PROPN
fbem-18379	17	6	's	's	PART
fbem-18379	17	7	crude	crude	ADJ
fbem-18379	17	8	oil	oil	NOUN
fbem-18379	17	9	futures	future	NOUN
fbem-18379	17	10	,	,	PUNCT
fbem-18379	17	11	domestic	domestic	ADJ
fbem-18379	17	12	enterprises	enterprise	NOUN
fbem-18379	17	13	and	and	CCONJ
fbem-18379	17	14	investors	investor	NOUN
fbem-18379	17	15	can	can	AUX
fbem-18379	17	16	more	more	ADV
fbem-18379	17	17	conveniently	conveniently	ADV
fbem-18379	17	18	conduct	conduct	VERB
fbem-18379	17	19	crude	crude	ADJ
fbem-18379	17	20	oil	oil	NOUN
fbem-18379	17	21	trading	trading	NOUN
fbem-18379	17	22	and	and	CCONJ
fbem-18379	17	23	risk	risk	NOUN
fbem-18379	17	24	management	management	NOUN
fbem-18379	17	25	,	,	PUNCT
fbem-18379	17	26	while	while	SCONJ
fbem-18379	17	27	also	also	ADV
fbem-18379	17	28	providing	provide	VERB
fbem-18379	17	29	more	more	ADJ
fbem-18379	17	30	reference	reference	NOUN
fbem-18379	17	31	basis	basis	NOUN
fbem-18379	17	32	for	for	ADP
fbem-18379	17	33	the	the	DET
fbem-18379	17	34	formation	formation	NOUN
fbem-18379	17	35	of	of	ADP
fbem-18379	17	36	domestic	domestic	ADJ
fbem-18379	17	37	crude	crude	ADJ
fbem-18379	17	38	oil	oil	NOUN
fbem-18379	17	39	prices	price	NOUN
fbem-18379	17	40	.	.	PUNCT
fbem-18379	18	1	the	the	DET
fbem-18379	18	2	listing	listing	NOUN
fbem-18379	18	3	and	and	CCONJ
fbem-18379	18	4	trading	trading	NOUN
fbem-18379	18	5	of	of	ADP
fbem-18379	18	6	crude	crude	ADJ
fbem-18379	18	7	oil	oil	NOUN
fbem-18379	18	8	futures	future	NOUN
fbem-18379	18	9	on	on	ADP
fbem-18379	18	10	the	the	DET
fbem-18379	18	11	shanghai	shanghai	PROPN
fbem-18379	18	12	futures	futures	PROPN
fbem-18379	18	13	exchange	exchange	PROPN
fbem-18379	18	14	helps	help	VERB
fbem-18379	18	15	investors	investor	NOUN
fbem-18379	18	16	to	to	PART
fbem-18379	18	17	better	well	ADV
fbem-18379	18	18	study	study	VERB
fbem-18379	18	19	and	and	CCONJ
fbem-18379	18	20	analyze	analyze	VERB
fbem-18379	18	21	the	the	DET
fbem-18379	18	22	fluctuation	fluctuation	NOUN
fbem-18379	18	23	patterns	pattern	NOUN
fbem-18379	18	24	and	and	CCONJ
fbem-18379	18	25	characteristics	characteristic	NOUN
fbem-18379	18	26	of	of	ADP
fbem-18379	18	27	crude	crude	ADJ
fbem-18379	18	28	oil	oil	NOUN
fbem-18379	18	29	prices	price	NOUN
fbem-18379	18	30	.	.	PUNCT
fbem-18379	19	1	therefore	therefore	ADV
fbem-18379	19	2	,	,	PUNCT
fbem-18379	19	3	studying	study	VERB
fbem-18379	19	4	the	the	DET
fbem-18379	19	5	price	price	NOUN
fbem-18379	19	6	fluctuation	fluctuation	NOUN
fbem-18379	19	7	of	of	ADP
fbem-18379	19	8	shanghai	shanghai	PROPN
fbem-18379	19	9	crude	crude	PROPN
fbem-18379	19	10	oil	oil	NOUN
fbem-18379	19	11	futures	future	NOUN
fbem-18379	19	12	is	be	AUX
fbem-18379	19	13	crucial	crucial	ADJ
fbem-18379	19	14	for	for	ADP
fbem-18379	19	15	analyzing	analyze	VERB
fbem-18379	19	16	risks	risk	NOUN
fbem-18379	19	17	and	and	CCONJ
fbem-18379	19	18	formulating	formulate	VERB
fbem-18379	19	19	investment	investment	NOUN
fbem-18379	19	20	strategies	strategy	NOUN
fbem-18379	19	21	and	and	CCONJ
fbem-18379	19	22	management	management	NOUN
fbem-18379	19	23	methods	method	NOUN
fbem-18379	19	24	.	.	PUNCT
fbem-18379	20	1	therefore	therefore	ADV
fbem-18379	20	2	,	,	PUNCT
fbem-18379	20	3	it	it	PRON
fbem-18379	20	4	is	be	AUX
fbem-18379	20	5	of	of	ADP
fbem-18379	20	6	great	great	ADJ
fbem-18379	20	7	theoretical	theoretical	ADJ
fbem-18379	20	8	and	and	CCONJ
fbem-18379	20	9	practical	practical	ADJ
fbem-18379	20	10	significance	significance	NOUN
fbem-18379	20	11	to	to	PART
fbem-18379	20	12	further	far	ADV
fbem-18379	20	13	strengthen	strengthen	VERB
fbem-18379	20	14	the	the	DET
fbem-18379	20	15	research	research	NOUN
fbem-18379	20	16	on	on	ADP
fbem-18379	20	17	shanghai	shanghai	PROPN
fbem-18379	20	18	crude	crude	PROPN
fbem-18379	20	19	oil	oil	NOUN
fbem-18379	20	20	futures	future	NOUN
fbem-18379	20	21	price	price	NOUN
fbem-18379	20	22	fluctuations	fluctuation	NOUN
fbem-18379	20	23	.	.	PUNCT
fbem-18379	21	1	currently	currently	ADV
fbem-18379	21	2	,	,	PUNCT
fbem-18379	21	3	the	the	DET
fbem-18379	21	4	research	research	NOUN
fbem-18379	21	5	on	on	ADP
fbem-18379	21	6	the	the	DET
fbem-18379	21	7	financial	financial	ADJ
fbem-18379	21	8	market	market	NOUN
fbem-18379	21	9	of	of	ADP
fbem-18379	21	10	shanghai	shanghai	PROPN
fbem-18379	21	11	crude	crude	PROPN
fbem-18379	21	12	oil	oil	NOUN
fbem-18379	21	13	futures	future	NOUN
fbem-18379	21	14	has	have	AUX
fbem-18379	21	15	been	be	AUX
fbem-18379	21	16	quite	quite	ADV
fbem-18379	21	17	in	in	ADP
fbem-18379	21	18	-	-	PUNCT
fbem-18379	21	19	depth	depth	NOUN
fbem-18379	21	20	in	in	ADP
fbem-18379	21	21	the	the	DET
fbem-18379	21	22	academic	academic	ADJ
fbem-18379	21	23	world	world	NOUN
fbem-18379	21	24	,	,	PUNCT
fbem-18379	21	25	with	with	ADP
fbem-18379	21	26	different	different	ADJ
fbem-18379	21	27	research	research	NOUN
fbem-18379	21	28	perspectives	perspective	NOUN
fbem-18379	21	29	.	.	PUNCT
fbem-18379	22	1	in	in	ADP
fbem-18379	22	2	general	general	ADJ
fbem-18379	22	3	,	,	PUNCT
fbem-18379	22	4	they	they	PRON
fbem-18379	22	5	can	can	AUX
fbem-18379	22	6	be	be	AUX
fbem-18379	22	7	summarized	summarize	VERB
fbem-18379	22	8	as	as	SCONJ
fbem-18379	22	9	follows	follow	VERB
fbem-18379	22	10	:	:	PUNCT
fbem-18379	22	11	studies	study	NOUN
fbem-18379	22	12	on	on	ADP
fbem-18379	22	13	the	the	DET
fbem-18379	22	14	pricing	pricing	NOUN
fbem-18379	22	15	efficiency	efficiency	NOUN
fbem-18379	22	16	and	and	CCONJ
fbem-18379	22	17	pricing	pricing	NOUN
fbem-18379	22	18	capacity	capacity	NOUN
fbem-18379	22	19	of	of	ADP
fbem-18379	22	20	shanghai	shanghai	PROPN
fbem-18379	22	21	crude	crude	ADJ
fbem-18379	22	22	oil	oil	PROPN
fbem-18379	22	23	futures.chen	futures.chen	PROPN
fbem-18379	22	24	yang	yang	PROPN
fbem-18379	22	25	,	,	PUNCT
fbem-18379	22	26	fei	fei	PROPN
fbem-18379	22	27	lv	lv	PROPN
fbem-18379	22	28	,	,	PUNCT
fbem-18379	22	29	libing	libing	PROPN
fbem-18379	22	30	fang	fang	PROPN
fbem-18379	22	31	,	,	PUNCT
fbem-18379	22	32	et	et	PROPN
fbem-18379	22	33	al	al	PROPN
fbem-18379	22	34	.	.	PUNCT
fbem-18379	23	1	[	[	X
fbem-18379	23	2	1	1	X
fbem-18379	23	3	]	]	PUNCT
fbem-18379	23	4	use	use	VERB
fbem-18379	23	5	the	the	DET
fbem-18379	23	6	cointegration	cointegration	NOUN
fbem-18379	23	7	and	and	CCONJ
fbem-18379	23	8	granger	granger	NOUN
fbem-18379	23	9	causality	causality	NOUN
fbem-18379	23	10	between	between	ADP
fbem-18379	23	11	the	the	DET
fbem-18379	23	12	crude	crude	ADJ
fbem-18379	23	13	oil	oil	NOUN
fbem-18379	23	14	futures	future	NOUN
fbem-18379	23	15	returns	return	NOUN
fbem-18379	23	16	of	of	ADP
fbem-18379	23	17	the	the	DET
fbem-18379	23	18	shanghai	shanghai	PROPN
fbem-18379	23	19	international	international	PROPN
fbem-18379	23	20	exchange	exchange	PROPN
fbem-18379	23	21	(	(	PUNCT
fbem-18379	23	22	six	six	NUM
fbem-18379	23	23	)	)	PUNCT
fbem-18379	23	24	and	and	CCONJ
fbem-18379	23	25	some	some	DET
fbem-18379	23	26	representative	representative	ADJ
fbem-18379	23	27	spot	spot	NOUN
fbem-18379	23	28	markets	market	NOUN
fbem-18379	23	29	as	as	ADP
fbem-18379	23	30	an	an	DET
fbem-18379	23	31	entry	entry	NOUN
fbem-18379	23	32	point	point	NOUN
fbem-18379	23	33	to	to	PART
fbem-18379	23	34	explore	explore	VERB
fbem-18379	23	35	the	the	DET
fbem-18379	23	36	pricing	pricing	NOUN
fbem-18379	23	37	efficiency	efficiency	NOUN
fbem-18379	23	38	of	of	ADP
fbem-18379	23	39	the	the	DET
fbem-18379	23	40	emerging	emerge	VERB
fbem-18379	23	41	crude	crude	ADJ
fbem-18379	23	42	oil	oil	NOUN
fbem-18379	23	43	futures	future	NOUN
fbem-18379	23	44	market	market	NOUN
fbem-18379	23	45	,	,	PUNCT
fbem-18379	23	46	and	and	CCONJ
fbem-18379	23	47	find	find	VERB
fbem-18379	23	48	that	that	SCONJ
fbem-18379	23	49	the	the	DET
fbem-18379	23	50	ine	ine	PROPN
fbem-18379	23	51	crude	crude	PROPN
fbem-18379	23	52	oil	oil	NOUN
fbem-18379	23	53	futures	future	NOUN
fbem-18379	23	54	price	price	NOUN
fbem-18379	23	55	can	can	AUX
fbem-18379	23	56	accurately	accurately	ADV
fbem-18379	23	57	reflect	reflect	VERB
fbem-18379	23	58	the	the	DET
fbem-18379	23	59	fundamental	fundamental	ADJ
fbem-18379	23	60	information	information	NOUN
fbem-18379	23	61	of	of	ADP
fbem-18379	23	62	the	the	DET
fbem-18379	23	63	spot	spot	NOUN
fbem-18379	23	64	market	market	NOUN
fbem-18379	23	65	.	.	PUNCT
fbem-18379	24	1	qian	qian	PROPN
fbem-18379	24	2	wang	wang	PROPN
fbem-18379	24	3	and	and	CCONJ
fbem-18379	24	4	siyi	siyi	VERB
fbem-18379	24	5	xiao	xiao	PROPN
fbem-18379	25	1	[	[	X
fbem-18379	25	2	2	2	NUM
fbem-18379	25	3	]	]	PUNCT
fbem-18379	25	4	used	use	VERB
fbem-18379	25	5	vector	vector	NOUN
fbem-18379	25	6	error	error	NOUN
fbem-18379	25	7	correction	correction	NOUN
fbem-18379	25	8	model	model	NOUN
fbem-18379	25	9	,	,	PUNCT
fbem-18379	25	10	dag	dag	PROPN
fbem-18379	25	11	technique	technique	NOUN
fbem-18379	25	12	and	and	CCONJ
fbem-18379	25	13	forecast	forecast	NOUN
fbem-18379	25	14	error	error	NOUN
fbem-18379	25	15	variance	variance	NOUN
fbem-18379	25	16	decomposition	decomposition	NOUN
fbem-18379	25	17	method	method	NOUN
fbem-18379	25	18	based	base	VERB
fbem-18379	25	19	on	on	ADP
fbem-18379	25	20	dag	dag	PROPN
fbem-18379	25	21	to	to	PART
fbem-18379	25	22	study	study	VERB
fbem-18379	25	23	the	the	DET
fbem-18379	25	24	dynamic	dynamic	ADJ
fbem-18379	25	25	leading	lead	VERB
fbem-18379	25	26	relationship	relationship	NOUN
fbem-18379	25	27	between	between	ADP
fbem-18379	25	28	china	china	PROPN
fbem-18379	25	29	's	's	PART
fbem-18379	25	30	crude	crude	ADJ
fbem-18379	25	31	oil	oil	NOUN
fbem-18379	25	32	futures	future	NOUN
fbem-18379	25	33	price	price	NOUN
fbem-18379	25	34	and	and	CCONJ
fbem-18379	25	35	the	the	DET
fbem-18379	25	36	world	world	NOUN
fbem-18379	25	37	's	's	PART
fbem-18379	25	38	crude	crude	ADJ
fbem-18379	25	39	oil	oil	NOUN
fbem-18379	25	40	price	price	NOUN
fbem-18379	25	41	under	under	ADP
fbem-18379	25	42	the	the	DET
fbem-18379	25	43	background	background	NOUN
fbem-18379	25	44	of	of	ADP
fbem-18379	25	45	russia	russia	PROPN
fbem-18379	25	46	-	-	PUNCT
fbem-18379	25	47	ukraine	ukraine	PROPN
fbem-18379	25	48	conflict	conflict	NOUN
fbem-18379	25	49	.	.	PUNCT
fbem-18379	26	1	the	the	DET
fbem-18379	26	2	results	result	NOUN
fbem-18379	26	3	show	show	VERB
fbem-18379	26	4	that	that	SCONJ
fbem-18379	26	5	shanghai	shanghai	PROPN
fbem-18379	26	6	crude	crude	PROPN
fbem-18379	26	7	oil	oil	NOUN
fbem-18379	26	8	futures	future	NOUN
fbem-18379	26	9	have	have	VERB
fbem-18379	26	10	a	a	DET
fbem-18379	26	11	long	long	ADJ
fbem-18379	26	12	-	-	PUNCT
fbem-18379	26	13	term	term	NOUN
fbem-18379	26	14	equilibrium	equilibrium	NOUN
fbem-18379	26	15	relationship	relationship	NOUN
fbem-18379	26	16	with	with	ADP
fbem-18379	26	17	other	other	ADJ
fbem-18379	26	18	international	international	ADJ
fbem-18379	26	19	crude	crude	ADJ
fbem-18379	26	20	oil	oil	NOUN
fbem-18379	26	21	prices	price	NOUN
fbem-18379	26	22	;	;	PUNCT
fbem-18379	26	23	after	after	ADP
fbem-18379	26	24	the	the	DET
fbem-18379	26	25	russiaukraine	russiaukraine	NOUN
fbem-18379	26	26	conflict	conflict	NOUN
fbem-18379	26	27	,	,	PUNCT
fbem-18379	26	28	china	china	PROPN
fbem-18379	26	29	's	's	PART
fbem-18379	26	30	crude	crude	ADJ
fbem-18379	26	31	oil	oil	NOUN
fbem-18379	26	32	futures	future	NOUN
fbem-18379	26	33	market	market	NOUN
fbem-18379	26	34	not	not	PART
fbem-18379	26	35	only	only	ADV
fbem-18379	26	36	reflects	reflect	VERB
fbem-18379	26	37	the	the	DET
fbem-18379	26	38	domestic	domestic	ADJ
fbem-18379	26	39	oil	oil	NOUN
fbem-18379	26	40	market	market	NOUN
fbem-18379	26	41	conditions	condition	NOUN
fbem-18379	26	42	,	,	PUNCT
fbem-18379	26	43	but	but	CCONJ
fbem-18379	26	44	also	also	ADV
fbem-18379	26	45	initially	initially	ADV
fbem-18379	26	46	reflects	reflect	VERB
fbem-18379	26	47	the	the	DET
fbem-18379	26	48	regional	regional	ADJ
fbem-18379	26	49	pricing	pricing	NOUN
fbem-18379	26	50	power	power	NOUN
fbem-18379	26	51	.	.	PUNCT
fbem-18379	27	1	luo	luo	PROPN
fbem-18379	27	2	changqing	changqing	PROPN
fbem-18379	27	3	,	,	PUNCT
fbem-18379	27	4	liu	liu	PROPN
fbem-18379	27	5	lan	lan	PROPN
fbem-18379	27	6	,	,	PUNCT
fbem-18379	27	7	zhu	zhu	PROPN
fbem-18379	27	8	huiming	huime	VERB
fbem-18379	27	9	et	et	NOUN
fbem-18379	27	10	al	al	PROPN
fbem-18379	27	11	.	.	PUNCT
fbem-18379	28	1	[	[	X
fbem-18379	28	2	3	3	X
fbem-18379	28	3	]	]	PUNCT
fbem-18379	28	4	constructed	construct	VERB
fbem-18379	28	5	a	a	DET
fbem-18379	28	6	time	time	NOUN
fbem-18379	28	7	-	-	PUNCT
fbem-18379	28	8	varying	vary	VERB
fbem-18379	28	9	information	information	NOUN
fbem-18379	28	10	share	share	NOUN
fbem-18379	28	11	model	model	NOUN
fbem-18379	28	12	based	base	VERB
fbem-18379	28	13	on	on	ADP
fbem-18379	28	14	a	a	DET
fbem-18379	28	15	multi	multi	ADJ
fbem-18379	28	16	-	-	ADJ
fbem-18379	28	17	scale	scale	ADJ
fbem-18379	28	18	analysis	analysis	NOUN
fbem-18379	28	19	method	method	NOUN
fbem-18379	28	20	,	,	PUNCT
fbem-18379	28	21	and	and	CCONJ
fbem-18379	28	22	found	find	VERB
fbem-18379	28	23	that	that	SCONJ
fbem-18379	28	24	the	the	DET
fbem-18379	28	25	price	price	NOUN
fbem-18379	28	26	of	of	ADP
fbem-18379	28	27	crude	crude	ADJ
fbem-18379	28	28	oil	oil	NOUN
fbem-18379	28	29	futures	future	NOUN
fbem-18379	28	30	dominated	dominate	VERB
fbem-18379	28	31	the	the	DET
fbem-18379	28	32	crude	crude	ADJ
fbem-18379	28	33	oil	oil	NOUN
fbem-18379	28	34	market	market	NOUN
fbem-18379	28	35	,	,	PUNCT
fbem-18379	28	36	and	and	CCONJ
fbem-18379	28	37	the	the	DET
fbem-18379	28	38	ability	ability	NOUN
fbem-18379	28	39	of	of	ADP
fbem-18379	28	40	each	each	DET
fbem-18379	28	41	market	market	NOUN
fbem-18379	28	42	to	to	PART
fbem-18379	28	43	set	set	VERB
fbem-18379	28	44	prices	price	NOUN
fbem-18379	28	45	was	be	AUX
fbem-18379	28	46	relatively	relatively	ADV
fbem-18379	28	47	stable	stable	ADJ
fbem-18379	28	48	during	during	ADP
fbem-18379	28	49	the	the	DET
fbem-18379	28	50	sample	sample	NOUN
fbem-18379	28	51	period	period	NOUN
fbem-18379	28	52	,	,	PUNCT
fbem-18379	28	53	but	but	CCONJ
fbem-18379	28	54	it	it	PRON
fbem-18379	28	55	was	be	AUX
fbem-18379	28	56	also	also	ADV
fbem-18379	28	57	affected	affect	VERB
fbem-18379	28	58	by	by	ADP
fbem-18379	28	59	major	major	ADJ
fbem-18379	28	60	events	event	NOUN
fbem-18379	28	61	.	.	PUNCT
fbem-18379	29	1	with	with	ADP
fbem-18379	29	2	regard	regard	NOUN
fbem-18379	29	3	to	to	ADP
fbem-18379	29	4	exploring	explore	VERB
fbem-18379	29	5	the	the	DET
fbem-18379	29	6	linkages	linkage	NOUN
fbem-18379	29	7	between	between	ADP
fbem-18379	29	8	shanghai	shanghai	PROPN
fbem-18379	29	9	crude	crude	PROPN
fbem-18379	29	10	oil	oil	NOUN
fbem-18379	29	11	futures	future	NOUN
fbem-18379	29	12	prices	price	NOUN
fbem-18379	29	13	and	and	CCONJ
fbem-18379	29	14	the	the	DET
fbem-18379	29	15	global	global	ADJ
fbem-18379	29	16	market	market	NOUN
fbem-18379	29	17	,	,	PUNCT
fbem-18379	29	18	chuanwang	chuanwang	PROPN
fbem-18379	29	19	sun	sun	PROPN
fbem-18379	29	20	et	et	PROPN
fbem-18379	29	21	al	al	PROPN
fbem-18379	29	22	.	.	PUNCT
fbem-18379	30	1	[	[	X
fbem-18379	30	2	4	4	X
fbem-18379	30	3	]	]	PUNCT
fbem-18379	30	4	examined	examine	VERB
fbem-18379	30	5	whether	whether	SCONJ
fbem-18379	30	6	there	there	PRON
fbem-18379	30	7	was	be	VERB
fbem-18379	30	8	a	a	DET
fbem-18379	30	9	switch	switch	NOUN
fbem-18379	30	10	in	in	ADP
fbem-18379	30	11	the	the	DET
fbem-18379	30	12	relationship	relationship	NOUN
fbem-18379	30	13	between	between	ADP
fbem-18379	30	14	china	china	PROPN
fbem-18379	30	15	's	's	PART
fbem-18379	30	16	exchange	exchange	NOUN
fbem-18379	30	17	rate	rate	NOUN
fbem-18379	30	18	,	,	PUNCT
fbem-18379	30	19	domestic	domestic	ADJ
fbem-18379	30	20	crude	crude	ADJ
fbem-18379	30	21	370	370	NUM
fbem-18379	30	22	oil	oil	NOUN
fbem-18379	30	23	prices	price	NOUN
fbem-18379	30	24	,	,	PUNCT
fbem-18379	30	25	and	and	CCONJ
fbem-18379	30	26	international	international	ADJ
fbem-18379	30	27	prices	price	NOUN
fbem-18379	30	28	following	follow	VERB
fbem-18379	30	29	the	the	DET
fbem-18379	30	30	launch	launch	NOUN
fbem-18379	30	31	of	of	ADP
fbem-18379	30	32	futures	future	NOUN
fbem-18379	30	33	at	at	ADP
fbem-18379	30	34	the	the	DET
fbem-18379	30	35	shanghai	shanghai	PROPN
fbem-18379	30	36	international	international	PROPN
fbem-18379	30	37	energy	energy	NOUN
fbem-18379	30	38	exchange	exchange	NOUN
fbem-18379	30	39	using	use	VERB
fbem-18379	30	40	an	an	DET
fbem-18379	30	41	ms	ms	ADJ
fbem-18379	30	42	-	-	PUNCT
fbem-18379	30	43	var	var	NOUN
fbem-18379	30	44	model	model	NOUN
fbem-18379	30	45	.	.	PUNCT
fbem-18379	31	1	it	it	PRON
fbem-18379	31	2	is	be	AUX
fbem-18379	31	3	found	find	VERB
fbem-18379	31	4	that	that	SCONJ
fbem-18379	31	5	the	the	DET
fbem-18379	31	6	impact	impact	NOUN
fbem-18379	31	7	is	be	AUX
fbem-18379	31	8	weak	weak	ADJ
fbem-18379	31	9	,	,	PUNCT
fbem-18379	31	10	although	although	SCONJ
fbem-18379	31	11	it	it	PRON
fbem-18379	31	12	is	be	AUX
fbem-18379	31	13	stronger	strong	ADJ
fbem-18379	31	14	on	on	ADP
fbem-18379	31	15	the	the	DET
fbem-18379	31	16	market	market	NOUN
fbem-18379	31	17	;	;	PUNCT
fbem-18379	31	18	since	since	SCONJ
fbem-18379	31	19	the	the	DET
fbem-18379	31	20	launch	launch	NOUN
fbem-18379	31	21	of	of	ADP
fbem-18379	31	22	the	the	DET
fbem-18379	31	23	new	new	ADJ
fbem-18379	31	24	ine	ine	PROPN
fbem-18379	31	25	regime	regime	NOUN
fbem-18379	31	26	,	,	PUNCT
fbem-18379	31	27	there	there	PRON
fbem-18379	31	28	has	have	AUX
fbem-18379	31	29	been	be	AUX
fbem-18379	31	30	a	a	DET
fbem-18379	31	31	significant	significant	ADJ
fbem-18379	31	32	positive	positive	ADJ
fbem-18379	31	33	price	price	NOUN
fbem-18379	31	34	movement	movement	NOUN
fbem-18379	31	35	in	in	ADP
fbem-18379	31	36	the	the	DET
fbem-18379	31	37	exchange	exchange	NOUN
fbem-18379	31	38	rate	rate	NOUN
fbem-18379	31	39	fluctuation	fluctuation	NOUN
fbem-18379	31	40	of	of	ADP
fbem-18379	31	41	the	the	DET
fbem-18379	31	42	us	us	PROPN
fbem-18379	31	43	dollar	dollar	NOUN
fbem-18379	31	44	to	to	ADP
fbem-18379	31	45	the	the	DET
fbem-18379	31	46	chinese	chinese	PROPN
fbem-18379	31	47	yuan	yuan	PROPN
fbem-18379	31	48	(	(	PUNCT
fbem-18379	31	49	usd	usd	PROPN
fbem-18379	31	50	/	/	SYM
fbem-18379	31	51	cny).houyin	cny).houyin	X
fbem-18379	31	52	long	long	ADV
fbem-18379	31	53	et	et	VERB
fbem-18379	31	54	al	al	PROPN
fbem-18379	31	55	.	.	PUNCT
fbem-18379	32	1	[	[	X
fbem-18379	32	2	5	5	NUM
fbem-18379	32	3	]	]	PUNCT
fbem-18379	32	4	.	.	PUNCT
fbem-18379	33	1	examine	examine	VERB
fbem-18379	33	2	the	the	DET
fbem-18379	33	3	energy	energy	NOUN
fbem-18379	33	4	transition	transition	NOUN
fbem-18379	33	5	effect	effect	NOUN
fbem-18379	33	6	of	of	ADP
fbem-18379	33	7	shanghai	shanghai	PROPN
fbem-18379	33	8	crude	crude	PROPN
fbem-18379	33	9	oil	oil	NOUN
fbem-18379	33	10	futures	future	NOUN
fbem-18379	33	11	and	and	CCONJ
fbem-18379	33	12	find	find	VERB
fbem-18379	33	13	that	that	SCONJ
fbem-18379	33	14	sc	sc	PROPN
fbem-18379	33	15	can	can	AUX
fbem-18379	33	16	mitigate	mitigate	VERB
fbem-18379	33	17	the	the	DET
fbem-18379	33	18	suppressed	suppress	VERB
fbem-18379	33	19	global	global	ADJ
fbem-18379	33	20	price	price	NOUN
fbem-18379	33	21	volatility	volatility	NOUN
fbem-18379	33	22	during	during	ADP
fbem-18379	33	23	the	the	DET
fbem-18379	33	24	transition	transition	NOUN
fbem-18379	33	25	process.the	process.the	DET
fbem-18379	33	26	study	study	NOUN
fbem-18379	33	27	also	also	ADV
fbem-18379	33	28	finds	find	VERB
fbem-18379	33	29	that	that	SCONJ
fbem-18379	33	30	there	there	PRON
fbem-18379	33	31	is	be	VERB
fbem-18379	33	32	a	a	DET
fbem-18379	33	33	significant	significant	ADJ
fbem-18379	33	34	positive	positive	ADJ
fbem-18379	33	35	price	price	NOUN
fbem-18379	33	36	shift	shift	NOUN
fbem-18379	33	37	in	in	ADP
fbem-18379	33	38	the	the	DET
fbem-18379	33	39	exchange	exchange	NOUN
fbem-18379	33	40	rate	rate	NOUN
fbem-18379	33	41	of	of	ADP
fbem-18379	33	42	the	the	DET
fbem-18379	33	43	us	us	PROPN
fbem-18379	33	44	dollar	dollar	NOUN
fbem-18379	33	45	to	to	ADP
fbem-18379	33	46	the	the	DET
fbem-18379	33	47	chinese	chinese	PROPN
fbem-18379	33	48	yuan	yuan	PROPN
fbem-18379	33	49	(	(	PUNCT
fbem-18379	33	50	usd	usd	NOUN
fbem-18379	33	51	/	/	SYM
fbem-18379	33	52	cny	cny	NOUN
fbem-18379	33	53	)	)	PUNCT
fbem-18379	33	54	since	since	SCONJ
fbem-18379	33	55	the	the	DET
fbem-18379	33	56	launch	launch	NOUN
fbem-18379	33	57	of	of	ADP
fbem-18379	33	58	the	the	DET
fbem-18379	33	59	new	new	ADJ
fbem-18379	33	60	ine	ine	PROPN
fbem-18379	33	61	regime.yang	regime.yang	PROPN
fbem-18379	33	62	jie	jie	PROPN
fbem-18379	33	63	and	and	CCONJ
fbem-18379	33	64	feng	feng	PROPN
fbem-18379	33	65	yun	yun	PROPN
fbem-18379	34	1	[	[	X
fbem-18379	34	2	6	6	NUM
fbem-18379	34	3	]	]	PUNCT
fbem-18379	34	4	constructed	construct	VERB
fbem-18379	34	5	four	four	NUM
fbem-18379	34	6	kinds	kind	NOUN
fbem-18379	34	7	of	of	ADP
fbem-18379	34	8	indicators	indicator	NOUN
fbem-18379	34	9	to	to	PART
fbem-18379	34	10	quantitatively	quantitatively	ADV
fbem-18379	34	11	analyze	analyze	VERB
fbem-18379	34	12	the	the	DET
fbem-18379	34	13	effectiveness	effectiveness	NOUN
fbem-18379	34	14	of	of	ADP
fbem-18379	34	15	the	the	DET
fbem-18379	34	16	shanghai	shanghai	PROPN
fbem-18379	34	17	crude	crude	PROPN
fbem-18379	34	18	oil	oil	NOUN
fbem-18379	34	19	futures	future	NOUN
fbem-18379	34	20	market	market	NOUN
fbem-18379	34	21	based	base	VERB
fbem-18379	34	22	on	on	ADP
fbem-18379	34	23	the	the	DET
fbem-18379	34	24	multiple	multiple	ADJ
fbem-18379	34	25	fractal	fractal	ADJ
fbem-18379	34	26	descendingtrend	descendingtrend	NOUN
fbem-18379	34	27	volatility	volatility	NOUN
fbem-18379	34	28	analysis	analysis	NOUN
fbem-18379	34	29	and	and	CCONJ
fbem-18379	34	30	recursive	recursive	ADJ
fbem-18379	34	31	graph	graph	NOUN
fbem-18379	34	32	method	method	NOUN
fbem-18379	34	33	,	,	PUNCT
fbem-18379	34	34	respectively	respectively	ADV
fbem-18379	34	35	,	,	PUNCT
fbem-18379	34	36	and	and	CCONJ
fbem-18379	34	37	found	find	VERB
fbem-18379	34	38	that	that	SCONJ
fbem-18379	34	39	:	:	PUNCT
fbem-18379	34	40	in	in	ADP
fbem-18379	34	41	the	the	DET
fbem-18379	34	42	same	same	ADJ
fbem-18379	34	43	sample	sample	NOUN
fbem-18379	34	44	period	period	NOUN
fbem-18379	34	45	,	,	PUNCT
fbem-18379	34	46	due	due	ADP
fbem-18379	34	47	to	to	ADP
fbem-18379	34	48	the	the	DET
fbem-18379	34	49	institutional	institutional	ADJ
fbem-18379	34	50	advantages	advantage	NOUN
fbem-18379	34	51	of	of	ADP
fbem-18379	34	52	china	china	PROPN
fbem-18379	34	53	's	's	PART
fbem-18379	34	54	crude	crude	ADJ
fbem-18379	34	55	oil	oil	NOUN
fbem-18379	34	56	futures	future	NOUN
fbem-18379	34	57	,	,	PUNCT
fbem-18379	34	58	the	the	DET
fbem-18379	34	59	prudent	prudent	ADJ
fbem-18379	34	60	and	and	CCONJ
fbem-18379	34	61	timely	timely	ADJ
fbem-18379	34	62	risk	risk	NOUN
fbem-18379	34	63	-	-	PUNCT
fbem-18379	34	64	control	control	NOUN
fbem-18379	34	65	policy	policy	NOUN
fbem-18379	34	66	,	,	PUNCT
fbem-18379	34	67	and	and	CCONJ
fbem-18379	34	68	the	the	DET
fbem-18379	34	69	strong	strong	ADJ
fbem-18379	34	70	and	and	CCONJ
fbem-18379	34	71	resilient	resilient	ADJ
fbem-18379	34	72	economic	economic	ADJ
fbem-18379	34	73	fundamentals	fundamental	NOUN
fbem-18379	34	74	,	,	PUNCT
fbem-18379	34	75	the	the	DET
fbem-18379	34	76	impact	impact	NOUN
fbem-18379	34	77	of	of	ADP
fbem-18379	34	78	extreme	extreme	ADJ
fbem-18379	34	79	event	event	NOUN
fbem-18379	34	80	shocks	shock	VERB
fbem-18379	34	81	on	on	ADP
fbem-18379	34	82	the	the	DET
fbem-18379	34	83	effectiveness	effectiveness	NOUN
fbem-18379	34	84	of	of	ADP
fbem-18379	34	85	the	the	DET
fbem-18379	34	86	international	international	ADJ
fbem-18379	34	87	crude	crude	ADJ
fbem-18379	34	88	oil	oil	NOUN
fbem-18379	34	89	futures	future	NOUN
fbem-18379	34	90	market	market	NOUN
fbem-18379	34	91	is	be	AUX
fbem-18379	34	92	greater	great	ADJ
fbem-18379	34	93	than	than	ADP
fbem-18379	34	94	the	the	DET
fbem-18379	34	95	domestic	domestic	ADJ
fbem-18379	34	96	market	market	NOUN
fbem-18379	34	97	,	,	PUNCT
fbem-18379	34	98	thus	thus	ADV
fbem-18379	34	99	,	,	PUNCT
fbem-18379	34	100	the	the	DET
fbem-18379	34	101	negative	negative	ADJ
fbem-18379	34	102	impact	impact	NOUN
fbem-18379	34	103	of	of	ADP
fbem-18379	34	104	extreme	extreme	ADJ
fbem-18379	34	105	events	event	NOUN
fbem-18379	34	106	is	be	AUX
fbem-18379	34	107	greater	great	ADJ
fbem-18379	34	108	than	than	ADP
fbem-18379	34	109	the	the	DET
fbem-18379	34	110	domestic	domestic	ADJ
fbem-18379	34	111	market	market	NOUN
fbem-18379	34	112	.	.	PUNCT
fbem-18379	35	1	the	the	DET
fbem-18379	35	2	negative	negative	ADJ
fbem-18379	35	3	impact	impact	NOUN
fbem-18379	35	4	of	of	ADP
fbem-18379	35	5	extreme	extreme	ADJ
fbem-18379	35	6	event	event	NOUN
fbem-18379	35	7	shocks	shock	VERB
fbem-18379	35	8	on	on	ADP
fbem-18379	35	9	the	the	DET
fbem-18379	35	10	effectiveness	effectiveness	NOUN
fbem-18379	35	11	of	of	ADP
fbem-18379	35	12	the	the	DET
fbem-18379	35	13	international	international	ADJ
fbem-18379	35	14	crude	crude	ADJ
fbem-18379	35	15	oil	oil	NOUN
fbem-18379	35	16	futures	future	NOUN
fbem-18379	35	17	market	market	NOUN
fbem-18379	35	18	is	be	AUX
fbem-18379	35	19	greater	great	ADJ
fbem-18379	35	20	than	than	ADP
fbem-18379	35	21	that	that	PRON
fbem-18379	35	22	of	of	ADP
fbem-18379	35	23	the	the	DET
fbem-18379	35	24	domestic	domestic	ADJ
fbem-18379	35	25	market	market	NOUN
fbem-18379	35	26	,	,	PUNCT
fbem-18379	35	27	which	which	PRON
fbem-18379	35	28	makes	make	VERB
fbem-18379	35	29	the	the	DET
fbem-18379	35	30	effectiveness	effectiveness	NOUN
fbem-18379	35	31	of	of	ADP
fbem-18379	35	32	the	the	DET
fbem-18379	35	33	shanghai	shanghai	PROPN
fbem-18379	35	34	crude	crude	PROPN
fbem-18379	35	35	oil	oil	NOUN
fbem-18379	35	36	futures	future	NOUN
fbem-18379	35	37	market	market	NOUN
fbem-18379	35	38	higher	high	ADJ
fbem-18379	35	39	than	than	ADP
fbem-18379	35	40	that	that	PRON
fbem-18379	35	41	of	of	ADP
fbem-18379	35	42	the	the	DET
fbem-18379	35	43	brent	brent	PROPN
fbem-18379	35	44	and	and	CCONJ
fbem-18379	35	45	wti	wti	PROPN
fbem-18379	35	46	crude	crude	PROPN
fbem-18379	35	47	oil	oil	NOUN
fbem-18379	35	48	futures	future	NOUN
fbem-18379	35	49	markets	market	NOUN
fbem-18379	35	50	in	in	ADP
fbem-18379	35	51	different	different	ADJ
fbem-18379	35	52	time	time	NOUN
fbem-18379	35	53	scales.yang	scales.yang	PROPN
fbem-18379	35	54	kun	kun	PROPN
fbem-18379	35	55	,	,	PUNCT
fbem-18379	35	56	wei	wei	PROPN
fbem-18379	35	57	yu	yu	PROPN
fbem-18379	35	58	,	,	PUNCT
fbem-18379	35	59	li	li	PROPN
fbem-18379	35	60	shouwei	shouwei	PROPN
fbem-18379	35	61	et	et	PROPN
fbem-18379	35	62	al	al	PROPN
fbem-18379	35	63	.	.	PUNCT
fbem-18379	36	1	[	[	X
fbem-18379	36	2	7	7	X
fbem-18379	36	3	]	]	PUNCT
fbem-18379	36	4	introduce	introduce	VERB
fbem-18379	36	5	the	the	DET
fbem-18379	36	6	geopolitical	geopolitical	ADJ
fbem-18379	36	7	risk	risk	NOUN
fbem-18379	36	8	(	(	PUNCT
fbem-18379	36	9	gpr	gpr	PROPN
fbem-18379	36	10	)	)	PUNCT
fbem-18379	36	11	index	index	NOUN
fbem-18379	36	12	based	base	VERB
fbem-18379	36	13	on	on	ADP
fbem-18379	36	14	news	news	NOUN
fbem-18379	36	15	reports	report	NOUN
fbem-18379	36	16	,	,	PUNCT
fbem-18379	36	17	and	and	CCONJ
fbem-18379	36	18	use	use	VERB
fbem-18379	36	19	the	the	DET
fbem-18379	36	20	great	great	ADJ
fbem-18379	36	21	overlap	overlap	NOUN
fbem-18379	36	22	discrete	discrete	ADJ
fbem-18379	36	23	wavelet	wavelet	NOUN
fbem-18379	36	24	transform	transform	NOUN
fbem-18379	36	25	with	with	ADP
fbem-18379	36	26	nonparametric	nonparametric	NOUN
fbem-18379	36	27	quantile	quantile	ADJ
fbem-18379	36	28	causality	causality	NOUN
fbem-18379	36	29	test	test	NOUN
fbem-18379	36	30	method	method	NOUN
fbem-18379	36	31	to	to	PART
fbem-18379	36	32	discuss	discuss	VERB
fbem-18379	36	33	in	in	ADP
fbem-18379	36	34	detail	detail	NOUN
fbem-18379	36	35	the	the	DET
fbem-18379	36	36	nonlinear	nonlinear	ADJ
fbem-18379	36	37	impact	impact	NOUN
fbem-18379	36	38	of	of	ADP
fbem-18379	36	39	geopolitical	geopolitical	ADJ
fbem-18379	36	40	risk	risk	NOUN
fbem-18379	36	41	on	on	ADP
fbem-18379	36	42	the	the	DET
fbem-18379	36	43	return	return	NOUN
fbem-18379	36	44	and	and	CCONJ
fbem-18379	36	45	volatility	volatility	NOUN
fbem-18379	36	46	of	of	ADP
fbem-18379	36	47	china	china	PROPN
fbem-18379	36	48	's	's	PART
fbem-18379	36	49	crude	crude	ADJ
fbem-18379	36	50	oil	oil	NOUN
fbem-18379	36	51	futures	future	NOUN
fbem-18379	36	52	under	under	ADP
fbem-18379	36	53	different	different	ADJ
fbem-18379	36	54	time	time	NOUN
fbem-18379	36	55	scales	scale	NOUN
fbem-18379	36	56	and	and	CCONJ
fbem-18379	36	57	crude	crude	ADJ
fbem-18379	36	58	oil	oil	NOUN
fbem-18379	36	59	condition	condition	NOUN
fbem-18379	36	60	distributions	distribution	NOUN
fbem-18379	36	61	.	.	PUNCT
fbem-18379	37	1	regarding	regard	VERB
fbem-18379	37	2	the	the	DET
fbem-18379	37	3	forecasting	forecasting	NOUN
fbem-18379	37	4	aspect	aspect	NOUN
fbem-18379	37	5	of	of	ADP
fbem-18379	37	6	shanghai	shanghai	PROPN
fbem-18379	37	7	crude	crude	PROPN
fbem-18379	37	8	oil	oil	NOUN
fbem-18379	37	9	futures	future	NOUN
fbem-18379	37	10	,	,	PUNCT
fbem-18379	37	11	daxiang	daxiang	PROPN
fbem-18379	37	12	jin	jin	PROPN
fbem-18379	37	13	et	et	PROPN
fbem-18379	37	14	al	al	PROPN
fbem-18379	37	15	.	.	PUNCT
fbem-18379	38	1	[	[	X
fbem-18379	38	2	8	8	NUM
fbem-18379	38	3	]	]	PUNCT
fbem-18379	38	4	explore	explore	VERB
fbem-18379	38	5	the	the	DET
fbem-18379	38	6	predictability	predictability	NOUN
fbem-18379	38	7	of	of	ADP
fbem-18379	38	8	china	china	PROPN
fbem-18379	38	9	's	's	PART
fbem-18379	38	10	crude	crude	ADJ
fbem-18379	38	11	oil	oil	NOUN
fbem-18379	38	12	futures	future	NOUN
fbem-18379	38	13	volatility	volatility	NOUN
fbem-18379	38	14	by	by	ADP
fbem-18379	38	15	considering	consider	VERB
fbem-18379	38	16	the	the	DET
fbem-18379	38	17	volatility	volatility	NOUN
fbem-18379	38	18	of	of	ADP
fbem-18379	38	19	other	other	ADJ
fbem-18379	38	20	energy	energy	NOUN
fbem-18379	38	21	sources	source	NOUN
fbem-18379	38	22	,	,	PUNCT
fbem-18379	38	23	and	and	CCONJ
fbem-18379	38	24	the	the	DET
fbem-18379	38	25	empirical	empirical	ADJ
fbem-18379	38	26	results	result	NOUN
fbem-18379	38	27	show	show	VERB
fbem-18379	38	28	that	that	SCONJ
fbem-18379	38	29	volatility	volatility	NOUN
fbem-18379	38	30	can	can	AUX
fbem-18379	38	31	provide	provide	VERB
fbem-18379	38	32	useful	useful	ADJ
fbem-18379	38	33	information	information	NOUN
fbem-18379	38	34	for	for	ADP
fbem-18379	38	35	insample	insample	ADJ
fbem-18379	38	36	and	and	CCONJ
fbem-18379	38	37	out	out	ADP
fbem-18379	38	38	-	-	PUNCT
fbem-18379	38	39	of	of	ADP
fbem-18379	38	40	-	-	PUNCT
fbem-18379	38	41	sample	sample	NOUN
fbem-18379	38	42	forecasting.yadong	forecasting.yadong	PROPN
fbem-18379	38	43	huang	huang	PROPN
fbem-18379	38	44	et	et	PROPN
fbem-18379	38	45	al	al	PROPN
fbem-18379	38	46	.	.	PUNCT
fbem-18379	39	1	[	[	X
fbem-18379	39	2	9	9	NUM
fbem-18379	39	3	]	]	PUNCT
fbem-18379	39	4	construct	construct	VERB
fbem-18379	39	5	different	different	ADJ
fbem-18379	39	6	time	time	NOUN
fbem-18379	39	7	-	-	PUNCT
fbem-18379	39	8	series	series	NOUN
fbem-18379	39	9	forecasting	forecasting	NOUN
fbem-18379	39	10	models	model	NOUN
fbem-18379	39	11	to	to	PART
fbem-18379	39	12	analyze	analyze	VERB
fbem-18379	39	13	shanghai	shanghai	PROPN
fbem-18379	39	14	futures	futures	PROPN
fbem-18379	39	15	'	'	PART
fbem-18379	39	16	long	long	ADJ
fbem-18379	39	17	-	-	PUNCT
fbem-18379	39	18	term	term	NOUN
fbem-18379	39	19	trends	trend	NOUN
fbem-18379	39	20	to	to	PART
fbem-18379	39	21	guide	guide	VERB
fbem-18379	39	22	current	current	ADJ
fbem-18379	39	23	price	price	NOUN
fbem-18379	39	24	trading	trading	NOUN
fbem-18379	39	25	and	and	CCONJ
fbem-18379	39	26	propose	propose	VERB
fbem-18379	39	27	an	an	DET
fbem-18379	39	28	improved	improve	VERB
fbem-18379	39	29	hw-prophet.yangli	hw-prophet.yangli	NOUN
fbem-18379	39	30	guo	guo	X
fbem-18379	39	31	et	et	PROPN
fbem-18379	39	32	al	al	PROPN
fbem-18379	39	33	.	.	PUNCT
fbem-18379	40	1	[	[	X
fbem-18379	40	2	10	10	NUM
fbem-18379	40	3	]	]	PUNCT
fbem-18379	40	4	explore	explore	VERB
fbem-18379	40	5	whether	whether	SCONJ
fbem-18379	40	6	incorporating	incorporate	VERB
fbem-18379	40	7	jumps	jump	NOUN
fbem-18379	40	8	and	and	CCONJ
fbem-18379	40	9	jump	jump	VERB
fbem-18379	40	10	sizes	size	NOUN
fbem-18379	40	11	in	in	ADP
fbem-18379	40	12	the	the	DET
fbem-18379	40	13	midas	midas	PROPN
fbem-18379	40	14	modeling	modeling	NOUN
fbem-18379	40	15	framework	framework	NOUN
fbem-18379	40	16	(	(	PUNCT
fbem-18379	40	17	markov	markov	NOUN
fbem-18379	40	18	switching	switching	NOUN
fbem-18379	40	19	)	)	PUNCT
fbem-18379	40	20	enhances	enhance	VERB
fbem-18379	40	21	the	the	DET
fbem-18379	40	22	prediction	prediction	NOUN
fbem-18379	40	23	of	of	ADP
fbem-18379	40	24	actual	actual	ADJ
fbem-18379	40	25	volatility	volatility	NOUN
fbem-18379	40	26	in	in	ADP
fbem-18379	40	27	china	china	PROPN
fbem-18379	40	28	's	's	PART
fbem-18379	40	29	crude	crude	ADJ
fbem-18379	40	30	oil	oil	NOUN
fbem-18379	40	31	futures	future	NOUN
fbem-18379	40	32	market	market	NOUN
fbem-18379	40	33	,	,	PUNCT
fbem-18379	40	34	and	and	CCONJ
fbem-18379	40	35	find	find	VERB
fbem-18379	40	36	that	that	SCONJ
fbem-18379	40	37	emphasizing	emphasize	VERB
fbem-18379	40	38	the	the	DET
fbem-18379	40	39	potential	potential	ADJ
fbem-18379	40	40	benefits	benefit	NOUN
fbem-18379	40	41	of	of	ADP
fbem-18379	40	42	the	the	DET
fbem-18379	40	43	integrated	integrate	VERB
fbem-18379	40	44	framework	framework	NOUN
fbem-18379	40	45	for	for	ADP
fbem-18379	40	46	accurate	accurate	ADJ
fbem-18379	40	47	volatility	volatility	NOUN
fbem-18379	40	48	.	.	PUNCT
fbem-18379	41	1	in	in	ADP
fbem-18379	41	2	summary	summary	NOUN
fbem-18379	41	3	,	,	PUNCT
fbem-18379	41	4	the	the	DET
fbem-18379	41	5	existing	exist	VERB
fbem-18379	41	6	literature	literature	NOUN
fbem-18379	41	7	is	be	AUX
fbem-18379	41	8	already	already	ADV
fbem-18379	41	9	quite	quite	ADV
fbem-18379	41	10	rich	rich	ADJ
fbem-18379	41	11	in	in	ADP
fbem-18379	41	12	analysis	analysis	NOUN
fbem-18379	41	13	related	relate	VERB
fbem-18379	41	14	to	to	ADP
fbem-18379	41	15	the	the	DET
fbem-18379	41	16	shanghai	shanghai	PROPN
fbem-18379	41	17	crude	crude	PROPN
fbem-18379	41	18	oil	oil	NOUN
fbem-18379	41	19	futures	future	NOUN
fbem-18379	41	20	market	market	NOUN
fbem-18379	41	21	.	.	PUNCT
fbem-18379	42	1	although	although	SCONJ
fbem-18379	42	2	scholars	scholar	NOUN
fbem-18379	42	3	have	have	AUX
fbem-18379	42	4	already	already	ADV
fbem-18379	42	5	conducted	conduct	VERB
fbem-18379	42	6	studies	study	NOUN
fbem-18379	42	7	on	on	ADP
fbem-18379	42	8	pricing	pricing	NOUN
fbem-18379	42	9	power	power	NOUN
fbem-18379	42	10	,	,	PUNCT
fbem-18379	42	11	pricing	pricing	NOUN
fbem-18379	42	12	efficiency	efficiency	NOUN
fbem-18379	42	13	,	,	PUNCT
fbem-18379	42	14	linkages	linkage	NOUN
fbem-18379	42	15	with	with	ADP
fbem-18379	42	16	global	global	ADJ
fbem-18379	42	17	markets	market	NOUN
fbem-18379	42	18	,	,	PUNCT
fbem-18379	42	19	and	and	CCONJ
fbem-18379	42	20	price	price	NOUN
fbem-18379	42	21	forecasting	forecasting	NOUN
fbem-18379	42	22	of	of	ADP
fbem-18379	42	23	shanghai	shanghai	PROPN
fbem-18379	42	24	crude	crude	PROPN
fbem-18379	42	25	oil	oil	NOUN
fbem-18379	42	26	futures	future	NOUN
fbem-18379	42	27	,	,	PUNCT
fbem-18379	42	28	the	the	DET
fbem-18379	42	29	analysis	analysis	NOUN
fbem-18379	42	30	and	and	CCONJ
fbem-18379	42	31	forecasting	forecasting	NOUN
fbem-18379	42	32	from	from	ADP
fbem-18379	42	33	the	the	DET
fbem-18379	42	34	perspective	perspective	NOUN
fbem-18379	42	35	of	of	ADP
fbem-18379	42	36	volatility	volatility	NOUN
fbem-18379	42	37	are	be	AUX
fbem-18379	42	38	still	still	ADV
fbem-18379	42	39	insufficient	insufficient	ADJ
fbem-18379	42	40	,	,	PUNCT
fbem-18379	42	41	which	which	PRON
fbem-18379	42	42	affects	affect	VERB
fbem-18379	42	43	our	our	PRON
fbem-18379	42	44	analysis	analysis	NOUN
fbem-18379	42	45	and	and	CCONJ
fbem-18379	42	46	judgment	judgment	NOUN
fbem-18379	42	47	of	of	ADP
fbem-18379	42	48	the	the	DET
fbem-18379	42	49	overall	overall	ADJ
fbem-18379	42	50	performance	performance	NOUN
fbem-18379	42	51	and	and	CCONJ
fbem-18379	42	52	future	future	ADJ
fbem-18379	42	53	trend	trend	NOUN
fbem-18379	42	54	of	of	ADP
fbem-18379	42	55	shanghai	shanghai	PROPN
fbem-18379	42	56	crude	crude	PROPN
fbem-18379	42	57	oil	oil	NOUN
fbem-18379	42	58	futures	future	NOUN
fbem-18379	42	59	.	.	PUNCT
fbem-18379	43	1	volatility	volatility	NOUN
fbem-18379	43	2	plays	play	VERB
fbem-18379	43	3	a	a	DET
fbem-18379	43	4	key	key	ADJ
fbem-18379	43	5	role	role	NOUN
fbem-18379	43	6	in	in	ADP
fbem-18379	43	7	financial	financial	ADJ
fbem-18379	43	8	markets	market	NOUN
fbem-18379	43	9	,	,	PUNCT
fbem-18379	43	10	especially	especially	ADV
fbem-18379	43	11	in	in	ADP
fbem-18379	43	12	the	the	DET
fbem-18379	43	13	pricing	pricing	NOUN
fbem-18379	43	14	of	of	ADP
fbem-18379	43	15	financial	financial	ADJ
fbem-18379	43	16	derivatives	derivative	NOUN
fbem-18379	43	17	,	,	PUNCT
fbem-18379	43	18	financial	financial	ADJ
fbem-18379	43	19	risk	risk	NOUN
fbem-18379	43	20	assessment	assessment	NOUN
fbem-18379	43	21	,	,	PUNCT
fbem-18379	43	22	and	and	CCONJ
fbem-18379	43	23	asset	asset	NOUN
fbem-18379	43	24	portfolio	portfolio	NOUN
fbem-18379	43	25	analysis	analysis	NOUN
fbem-18379	43	26	.	.	PUNCT
fbem-18379	44	1	in	in	ADP
fbem-18379	44	2	this	this	DET
fbem-18379	44	3	paper	paper	NOUN
fbem-18379	44	4	,	,	PUNCT
fbem-18379	44	5	we	we	PRON
fbem-18379	44	6	analyze	analyze	VERB
fbem-18379	44	7	and	and	CCONJ
fbem-18379	44	8	forecast	forecast	VERB
fbem-18379	44	9	the	the	DET
fbem-18379	44	10	logarithmic	logarithmic	ADJ
fbem-18379	44	11	return	return	NOUN
fbem-18379	44	12	of	of	ADP
fbem-18379	44	13	shanghai	shanghai	PROPN
fbem-18379	44	14	crude	crude	PROPN
fbem-18379	44	15	oil	oil	NOUN
fbem-18379	44	16	futures	future	NOUN
fbem-18379	44	17	using	use	VERB
fbem-18379	44	18	the	the	DET
fbem-18379	44	19	garch	garch	NOUN
fbem-18379	44	20	model	model	NOUN
fbem-18379	44	21	to	to	PART
fbem-18379	44	22	provide	provide	VERB
fbem-18379	44	23	short	short	ADJ
fbem-18379	44	24	-	-	PUNCT
fbem-18379	44	25	term	term	NOUN
fbem-18379	44	26	forecasts	forecast	NOUN
fbem-18379	44	27	for	for	ADP
fbem-18379	44	28	investors	investor	NOUN
fbem-18379	44	29	of	of	ADP
fbem-18379	44	30	shanghai	shanghai	PROPN
fbem-18379	44	31	crude	crude	PROPN
fbem-18379	44	32	oil	oil	NOUN
fbem-18379	44	33	futures	future	NOUN
fbem-18379	44	34	,	,	PUNCT
fbem-18379	44	35	taking	take	VERB
fbem-18379	44	36	into	into	ADP
fbem-18379	44	37	account	account	NOUN
fbem-18379	44	38	the	the	DET
fbem-18379	44	39	background	background	NOUN
fbem-18379	44	40	and	and	CCONJ
fbem-18379	44	41	status	status	NOUN
fbem-18379	44	42	of	of	ADP
fbem-18379	44	43	the	the	DET
fbem-18379	44	44	listing	listing	NOUN
fbem-18379	44	45	of	of	ADP
fbem-18379	44	46	shanghai	shanghai	PROPN
fbem-18379	44	47	crude	crude	PROPN
fbem-18379	44	48	oil	oil	NOUN
fbem-18379	44	49	futures	future	NOUN
fbem-18379	44	50	.	.	PUNCT
fbem-18379	45	1	2	2	X
fbem-18379	45	2	.	.	X
fbem-18379	45	3	model	model	NOUN
fbem-18379	45	4	profile	profile	PROPN
fbem-18379	45	5	volatility	volatility	NOUN
fbem-18379	45	6	in	in	ADP
fbem-18379	45	7	financial	financial	ADJ
fbem-18379	45	8	markets	market	NOUN
fbem-18379	45	9	is	be	AUX
fbem-18379	45	10	of	of	ADP
fbem-18379	45	11	great	great	ADJ
fbem-18379	45	12	importance	importance	NOUN
fbem-18379	45	13	to	to	ADP
fbem-18379	45	14	investors	investor	NOUN
fbem-18379	45	15	and	and	CCONJ
fbem-18379	45	16	policymakers	policymaker	NOUN
fbem-18379	45	17	.	.	PUNCT
fbem-18379	46	1	accurately	accurately	ADV
fbem-18379	46	2	predicting	predict	VERB
fbem-18379	46	3	the	the	DET
fbem-18379	46	4	volatility	volatility	NOUN
fbem-18379	46	5	of	of	ADP
fbem-18379	46	6	financial	financial	ADJ
fbem-18379	46	7	time	time	NOUN
fbem-18379	46	8	series	series	PROPN
fbem-18379	46	9	can	can	AUX
fbem-18379	46	10	help	help	VERB
fbem-18379	46	11	investors	investor	NOUN
fbem-18379	46	12	to	to	PART
fbem-18379	46	13	reduce	reduce	VERB
fbem-18379	46	14	risk	risk	NOUN
fbem-18379	46	15	,	,	PUNCT
fbem-18379	46	16	formulate	formulate	VERB
fbem-18379	46	17	effective	effective	ADJ
fbem-18379	46	18	investment	investment	NOUN
fbem-18379	46	19	strategies	strategy	NOUN
fbem-18379	46	20	,	,	PUNCT
fbem-18379	46	21	and	and	CCONJ
fbem-18379	46	22	manage	manage	VERB
fbem-18379	46	23	risk	risk	NOUN
fbem-18379	46	24	.	.	PUNCT
fbem-18379	47	1	in	in	ADP
fbem-18379	47	2	this	this	DET
fbem-18379	47	3	regard	regard	NOUN
fbem-18379	47	4	,	,	PUNCT
fbem-18379	47	5	garch	garch	NOUN
fbem-18379	47	6	(	(	PUNCT
fbem-18379	47	7	generalized	generalize	VERB
fbem-18379	47	8	autoregressive	autoregressive	ADJ
fbem-18379	47	9	conditional	conditional	ADJ
fbem-18379	47	10	heteroskedasticity	heteroskedasticity	NOUN
fbem-18379	47	11	)	)	PUNCT
fbem-18379	47	12	models	model	NOUN
fbem-18379	47	13	have	have	AUX
fbem-18379	47	14	shown	show	VERB
fbem-18379	47	15	significant	significant	ADJ
fbem-18379	47	16	advantages	advantage	NOUN
fbem-18379	47	17	in	in	ADP
fbem-18379	47	18	recent	recent	ADJ
fbem-18379	47	19	years	year	NOUN
fbem-18379	47	20	.	.	PUNCT
fbem-18379	48	1	compared	compare	VERB
fbem-18379	48	2	with	with	ADP
fbem-18379	48	3	traditional	traditional	ADJ
fbem-18379	48	4	linear	linear	ADJ
fbem-18379	48	5	models	model	NOUN
fbem-18379	48	6	,	,	PUNCT
fbem-18379	48	7	garch	garch	NOUN
fbem-18379	48	8	models	model	NOUN
fbem-18379	48	9	can	can	AUX
fbem-18379	48	10	well	well	ADV
fbem-18379	48	11	capture	capture	VERB
fbem-18379	48	12	the	the	DET
fbem-18379	48	13	phenomenon	phenomenon	NOUN
fbem-18379	48	14	of	of	ADP
fbem-18379	48	15	volatility	volatility	NOUN
fbem-18379	48	16	aggregation	aggregation	NOUN
fbem-18379	48	17	in	in	ADP
fbem-18379	48	18	the	the	DET
fbem-18379	48	19	financial	financial	ADJ
fbem-18379	48	20	market	market	NOUN
fbem-18379	48	21	,	,	PUNCT
fbem-18379	48	22	i.e.	i.e.	X
fbem-18379	48	23	,	,	PUNCT
fbem-18379	48	24	volatility	volatility	NOUN
fbem-18379	48	25	is	be	AUX
fbem-18379	48	26	characterized	characterize	VERB
fbem-18379	48	27	by	by	ADP
fbem-18379	48	28	aggregation	aggregation	NOUN
fbem-18379	48	29	in	in	ADP
fbem-18379	48	30	time	time	NOUN
fbem-18379	48	31	.	.	PUNCT
fbem-18379	49	1	investors	investor	NOUN
fbem-18379	49	2	can	can	AUX
fbem-18379	49	3	utilize	utilize	VERB
fbem-18379	49	4	the	the	DET
fbem-18379	49	5	advantages	advantage	NOUN
fbem-18379	49	6	of	of	ADP
fbem-18379	49	7	the	the	DET
fbem-18379	49	8	garch	garch	NOUN
fbem-18379	49	9	model	model	NOUN
fbem-18379	49	10	to	to	PART
fbem-18379	49	11	reduce	reduce	VERB
fbem-18379	49	12	risk	risk	NOUN
fbem-18379	49	13	,	,	PUNCT
fbem-18379	49	14	formulate	formulate	ADJ
fbem-18379	49	15	investment	investment	NOUN
fbem-18379	49	16	strategies	strategy	NOUN
fbem-18379	49	17	,	,	PUNCT
fbem-18379	49	18	and	and	CCONJ
fbem-18379	49	19	manage	manage	VERB
fbem-18379	49	20	risk	risk	NOUN
fbem-18379	49	21	.	.	PUNCT
fbem-18379	50	1	the	the	DET
fbem-18379	50	2	garch	garch	NOUN
fbem-18379	50	3	model	model	NOUN
fbem-18379	50	4	proposed	propose	VERB
fbem-18379	50	5	by	by	ADP
fbem-18379	50	6	boller	boller	PROPN
fbem-18379	50	7	is	be	AUX
fbem-18379	50	8	as	as	SCONJ
fbem-18379	50	9	follows	follow	VERB
fbem-18379	50	10	:	:	PUNCT
fbem-18379	50	11			PRON
fbem-18379	50	12			NUM
fbem-18379	50	13			PROPN
fbem-18379	50	14			PROPN
fbem-18379	50	15			PROPN
fbem-18379	50	16			VERB
fbem-18379	50	17			ADJ
fbem-18379	50	18	q	q	X
fbem-18379	50	19	j	j	PROPN
fbem-18379	50	20	jti	jti	X
fbem-18379	50	21	p	p	PROPN
fbem-18379	51	1	i	i	PRON
fbem-18379	51	2	itit	itit	PROPN
fbem-18379	51	3	ttt	ttt	PROPN
fbem-18379	51	4	hh	hh	PROPN
fbem-18379	52	1	xy	xy	PROPN
fbem-18379	52	2	1	1	NUM
fbem-18379	52	3	2	2	NUM
fbem-18379	52	4	1	1	NUM
fbem-18379	52	5	2	2	NUM
fbem-18379	52	6	0	0	NUM
fbem-18379	52	7	'	'	PART
fbem-18379	52	8			NUM
fbem-18379	52	9			VERB
fbem-18379	52	10	it	it	PRON
fbem-18379	52	11	consists	consist	VERB
fbem-18379	52	12	of	of	ADP
fbem-18379	52	13	a	a	DET
fbem-18379	52	14	mean	mean	ADJ
fbem-18379	52	15	equation	equation	NOUN
fbem-18379	52	16	and	and	CCONJ
fbem-18379	52	17	a	a	DET
fbem-18379	52	18	conditional	conditional	ADJ
fbem-18379	52	19	variance	variance	NOUN
fbem-18379	52	20	equation	equation	NOUN
fbem-18379	52	21	,	,	PUNCT
fbem-18379	52	22	ty	ty	INTJ
fbem-18379	52	23	is	be	AUX
fbem-18379	52	24	the	the	DET
fbem-18379	52	25	dependent	dependent	ADJ
fbem-18379	52	26	variable	variable	NOUN
fbem-18379	52	27	,	,	PUNCT
fbem-18379	52	28	tx	tx	PROPN
fbem-18379	52	29	is	be	AUX
fbem-18379	52	30	the	the	DET
fbem-18379	52	31	explanatory	explanatory	ADJ
fbem-18379	52	32	variable	variable	NOUN
fbem-18379	52	33	or	or	CCONJ
fbem-18379	52	34	the	the	DET
fbem-18379	52	35	lag	lag	NOUN
fbem-18379	52	36	term	term	NOUN
fbem-18379	52	37	of	of	ADP
fbem-18379	52	38	ty	ty	PRON
fbem-18379	52	39	,	,	PUNCT
fbem-18379	52	40	and	and	CCONJ
fbem-18379	52	41	t	t	PROPN
fbem-18379	52	42	is	be	AUX
fbem-18379	52	43	the	the	DET
fbem-18379	52	44	vector	vector	NOUN
fbem-18379	52	45	of	of	ADP
fbem-18379	52	46	parameters	parameter	NOUN
fbem-18379	52	47	to	to	PART
fbem-18379	52	48	be	be	AUX
fbem-18379	52	49	estimated	estimate	VERB
fbem-18379	52	50	,	,	PUNCT
fbem-18379	52	51			PROPN
fbem-18379	52	52	tttt	tttt	SYM
fbem-18379	52	53	varh	varh	ADJ
fbem-18379	52	54			NOUN
fbem-18379	52	55	12	12	NUM
fbem-18379	52	56			NUM
fbem-18379	52	57	.	.	PUNCT
fbem-18379	53	1	3	3	X
fbem-18379	53	2	.	.	X
fbem-18379	53	3	research	research	NOUN
fbem-18379	53	4	design	design	NOUN
fbem-18379	53	5	and	and	CCONJ
fbem-18379	53	6	data	datum	NOUN
fbem-18379	53	7	testing	test	VERB
fbem-18379	53	8	3.1	3.1	NUM
fbem-18379	53	9	.	.	PUNCT
fbem-18379	54	1	research	research	NOUN
fbem-18379	54	2	design	design	NOUN
fbem-18379	54	3	in	in	ADP
fbem-18379	54	4	this	this	DET
fbem-18379	54	5	paper	paper	NOUN
fbem-18379	54	6	,	,	PUNCT
fbem-18379	54	7	1220	1220	NUM
fbem-18379	54	8	closing	closing	NOUN
fbem-18379	54	9	price	price	NOUN
fbem-18379	54	10	data	datum	NOUN
fbem-18379	54	11	of	of	ADP
fbem-18379	54	12	shanghai	shanghai	PROPN
fbem-18379	54	13	crude	crude	PROPN
fbem-18379	54	14	oil	oil	NOUN
fbem-18379	54	15	futures	future	NOUN
fbem-18379	54	16	from	from	ADP
fbem-18379	54	17	march	march	PROPN
fbem-18379	54	18	26	26	NUM
fbem-18379	54	19	,	,	PUNCT
fbem-18379	54	20	2018	2018	NUM
fbem-18379	54	21	to	to	ADP
fbem-18379	54	22	march	march	PROPN
fbem-18379	54	23	31	31	NUM
fbem-18379	54	24	,	,	PUNCT
fbem-18379	54	25	2023	2023	NUM
fbem-18379	54	26	are	be	AUX
fbem-18379	54	27	used	use	VERB
fbem-18379	54	28	as	as	ADP
fbem-18379	54	29	a	a	DET
fbem-18379	54	30	test	test	NOUN
fbem-18379	54	31	set	set	VERB
fbem-18379	54	32	for	for	ADP
fbem-18379	54	33	trend	trend	NOUN
fbem-18379	54	34	analysis	analysis	NOUN
fbem-18379	54	35	,	,	PUNCT
fbem-18379	54	36	while	while	SCONJ
fbem-18379	54	37	the	the	DET
fbem-18379	54	38	best	good	ADJ
fbem-18379	54	39	garch	garch	NOUN
fbem-18379	54	40	model	model	NOUN
fbem-18379	54	41	fitting	fitting	ADJ
fbem-18379	54	42	is	be	AUX
fbem-18379	54	43	selected	select	VERB
fbem-18379	54	44	based	base	VERB
fbem-18379	54	45	on	on	ADP
fbem-18379	54	46	data	datum	NOUN
fbem-18379	54	47	characteristics	characteristic	NOUN
fbem-18379	54	48	.	.	PUNCT
fbem-18379	55	1	finally	finally	ADV
fbem-18379	55	2	,	,	PUNCT
fbem-18379	55	3	a	a	DET
fbem-18379	55	4	total	total	NOUN
fbem-18379	55	5	of	of	ADP
fbem-18379	55	6	10	10	NUM
fbem-18379	55	7	dates	date	NOUN
fbem-18379	55	8	of	of	ADP
fbem-18379	55	9	closing	closing	NOUN
fbem-18379	55	10	prices	price	NOUN
fbem-18379	55	11	from	from	ADP
fbem-18379	55	12	april	april	PROPN
fbem-18379	55	13	3	3	NUM
fbem-18379	55	14	,	,	PUNCT
fbem-18379	55	15	2023	2023	NUM
fbem-18379	55	16	to	to	ADP
fbem-18379	55	17	april	april	PROPN
fbem-18379	55	18	17	17	NUM
fbem-18379	55	19	,	,	PUNCT
fbem-18379	55	20	2023	2023	NUM
fbem-18379	55	21	are	be	AUX
fbem-18379	55	22	selected	select	VERB
fbem-18379	55	23	as	as	ADP
fbem-18379	55	24	the	the	DET
fbem-18379	55	25	test	test	NOUN
fbem-18379	55	26	set	set	VERB
fbem-18379	55	27	to	to	PART
fbem-18379	55	28	test	test	VERB
fbem-18379	55	29	the	the	DET
fbem-18379	55	30	model	model	NOUN
fbem-18379	55	31	fitting	fitting	ADJ
fbem-18379	55	32	effect	effect	NOUN
fbem-18379	55	33	.	.	PUNCT
fbem-18379	56	1	3.2	3.2	NUM
fbem-18379	56	2	.	.	PUNCT
fbem-18379	56	3	smoothness	smoothness	ADJ
fbem-18379	56	4	test	test	NOUN
fbem-18379	56	5	first	first	ADV
fbem-18379	56	6	,	,	PUNCT
fbem-18379	56	7	time	time	NOUN
fbem-18379	56	8	series	series	NOUN
fbem-18379	56	9	of	of	ADP
fbem-18379	56	10	closing	closing	NOUN
fbem-18379	56	11	price	price	NOUN
fbem-18379	56	12	series	series	NOUN
fbem-18379	56	13	,	,	PUNCT
fbem-18379	56	14	log	log	VERB
fbem-18379	56	15	closing	closing	NOUN
fbem-18379	56	16	price	price	NOUN
fbem-18379	56	17	series	series	NOUN
fbem-18379	56	18	and	and	CCONJ
fbem-18379	56	19	log	log	NOUN
fbem-18379	56	20	yield	yield	NOUN
fbem-18379	56	21	series	series	NOUN
fbem-18379	56	22	of	of	ADP
fbem-18379	56	23	shanghai	shanghai	PROPN
fbem-18379	56	24	crude	crude	PROPN
fbem-18379	56	25	oil	oil	NOUN
fbem-18379	56	26	futures	future	NOUN
fbem-18379	56	27	from	from	ADP
fbem-18379	56	28	march	march	PROPN
fbem-18379	56	29	26	26	NUM
fbem-18379	56	30	,	,	PUNCT
fbem-18379	56	31	2018	2018	NUM
fbem-18379	56	32	to	to	ADP
fbem-18379	56	33	march	march	PROPN
fbem-18379	56	34	31	31	NUM
fbem-18379	56	35	,	,	PUNCT
fbem-18379	56	36	2023	2023	NUM
fbem-18379	56	37	are	be	AUX
fbem-18379	56	38	plotted	plot	VERB
fbem-18379	56	39	for	for	ADP
fbem-18379	56	40	preliminary	preliminary	ADJ
fbem-18379	56	41	analysis	analysis	NOUN
fbem-18379	56	42	(	(	PUNCT
fbem-18379	56	43	see	see	VERB
fbem-18379	56	44	figures	figure	NOUN
fbem-18379	56	45	1	1	NUM
fbem-18379	56	46	,	,	PUNCT
fbem-18379	56	47	2	2	NUM
fbem-18379	56	48	and	and	CCONJ
fbem-18379	56	49	3	3	NUM
fbem-18379	56	50	)	)	PUNCT
fbem-18379	56	51	.	.	PUNCT
fbem-18379	57	1	figure	figure	NOUN
fbem-18379	57	2	1	1	NUM
fbem-18379	57	3	.	.	NOUN
fbem-18379	57	4	time	time	NOUN
fbem-18379	57	5	series	series	PROPN
fbem-18379	57	6	of	of	ADP
fbem-18379	57	7	shanghai	shanghai	PROPN
fbem-18379	57	8	crude	crude	PROPN
fbem-18379	57	9	oil	oil	PROPN
fbem-18379	57	10	futures	future	NOUN
fbem-18379	57	11	closing	closing	NOUN
fbem-18379	57	12	prices	price	NOUN
fbem-18379	57	13	371	371	NUM
fbem-18379	57	14	figure	figure	NOUN
fbem-18379	57	15	2	2	NUM
fbem-18379	57	16	.	.	NOUN
fbem-18379	57	17	time	time	NOUN
fbem-18379	57	18	series	series	PROPN
fbem-18379	57	19	of	of	ADP
fbem-18379	57	20	logarithmic	logarithmic	PROPN
fbem-18379	57	21	series	series	NOUN
fbem-18379	57	22	of	of	ADP
fbem-18379	57	23	shanghai	shanghai	PROPN
fbem-18379	57	24	crude	crude	PROPN
fbem-18379	57	25	oil	oil	PROPN
fbem-18379	57	26	futures	future	NOUN
fbem-18379	57	27	closing	closing	NOUN
fbem-18379	57	28	price	price	NOUN
fbem-18379	57	29	figure	figure	NOUN
fbem-18379	57	30	3	3	NUM
fbem-18379	57	31	.	.	PUNCT
fbem-18379	57	32	logarithmic	logarithmic	ADJ
fbem-18379	57	33	yield	yield	NOUN
fbem-18379	57	34	time	time	PROPN
fbem-18379	57	35	series	series	PROPN
fbem-18379	57	36	shanghai	shanghai	PROPN
fbem-18379	57	37	crude	crude	PROPN
fbem-18379	57	38	oil	oil	PROPN
fbem-18379	57	39	futures	future	NOUN
fbem-18379	57	40	closing	closing	NOUN
fbem-18379	57	41	prices	price	NOUN
fbem-18379	57	42	have	have	VERB
fbem-18379	57	43	two	two	NUM
fbem-18379	57	44	sharp	sharp	ADJ
fbem-18379	57	45	fluctuations	fluctuation	NOUN
fbem-18379	57	46	in	in	ADP
fbem-18379	57	47	early	early	ADJ
fbem-18379	57	48	2020	2020	NUM
fbem-18379	57	49	and	and	CCONJ
fbem-18379	57	50	early	early	ADJ
fbem-18379	57	51	2022	2022	NUM
fbem-18379	57	52	,	,	PUNCT
fbem-18379	57	53	due	due	ADP
fbem-18379	57	54	to	to	ADP
fbem-18379	57	55	the	the	DET
fbem-18379	57	56	new	new	ADJ
fbem-18379	57	57	crown	crown	NOUN
fbem-18379	57	58	epidemic	epidemic	NOUN
fbem-18379	57	59	and	and	CCONJ
fbem-18379	57	60	the	the	DET
fbem-18379	57	61	outbreak	outbreak	NOUN
fbem-18379	57	62	of	of	ADP
fbem-18379	57	63	the	the	DET
fbem-18379	57	64	russian	russian	ADJ
fbem-18379	57	65	-	-	PUNCT
fbem-18379	57	66	ukrainian	ukrainian	ADJ
fbem-18379	57	67	conflict	conflict	NOUN
fbem-18379	57	68	,	,	PUNCT
fbem-18379	57	69	respectively	respectively	ADV
fbem-18379	57	70	,	,	PUNCT
fbem-18379	57	71	suggesting	suggest	VERB
fbem-18379	57	72	that	that	SCONJ
fbem-18379	57	73	extreme	extreme	ADJ
fbem-18379	57	74	event	event	NOUN
fbem-18379	57	75	shocks	shock	NOUN
fbem-18379	57	76	can	can	AUX
fbem-18379	57	77	have	have	VERB
fbem-18379	57	78	an	an	DET
fbem-18379	57	79	impact	impact	NOUN
fbem-18379	57	80	on	on	ADP
fbem-18379	57	81	affecting	affect	VERB
fbem-18379	57	82	the	the	DET
fbem-18379	57	83	smoothness	smoothness	NOUN
fbem-18379	57	84	of	of	ADP
fbem-18379	57	85	the	the	DET
fbem-18379	57	86	shanghai	shanghai	PROPN
fbem-18379	57	87	crude	crude	PROPN
fbem-18379	57	88	oil	oil	NOUN
fbem-18379	57	89	futures	future	NOUN
fbem-18379	57	90	market	market	NOUN
fbem-18379	57	91	.	.	PUNCT
fbem-18379	58	1	at	at	ADP
fbem-18379	58	2	the	the	DET
fbem-18379	58	3	same	same	ADJ
fbem-18379	58	4	time	time	NOUN
fbem-18379	58	5	,	,	PUNCT
fbem-18379	58	6	we	we	PRON
fbem-18379	58	7	can	can	AUX
fbem-18379	58	8	observe	observe	VERB
fbem-18379	58	9	a	a	DET
fbem-18379	58	10	trend	trend	NOUN
fbem-18379	58	11	of	of	ADP
fbem-18379	58	12	gradual	gradual	ADJ
fbem-18379	58	13	stabilization	stabilization	NOUN
fbem-18379	58	14	of	of	ADP
fbem-18379	58	15	volatility	volatility	NOUN
fbem-18379	58	16	,	,	PUNCT
fbem-18379	58	17	which	which	PRON
fbem-18379	58	18	can	can	AUX
fbem-18379	58	19	be	be	AUX
fbem-18379	58	20	attributed	attribute	VERB
fbem-18379	58	21	to	to	ADP
fbem-18379	58	22	the	the	DET
fbem-18379	58	23	implementation	implementation	NOUN
fbem-18379	58	24	of	of	ADP
fbem-18379	58	25	the	the	DET
fbem-18379	58	26	domestic	domestic	ADJ
fbem-18379	58	27	and	and	CCONJ
fbem-18379	58	28	international	international	ADJ
fbem-18379	58	29	double	double	ADJ
fbem-18379	58	30	-	-	PUNCT
fbem-18379	58	31	loop	loop	NOUN
fbem-18379	58	32	policy	policy	NOUN
fbem-18379	58	33	and	and	CCONJ
fbem-18379	58	34	the	the	DET
fbem-18379	58	35	adaptive	adaptive	ADJ
fbem-18379	58	36	adjustment	adjustment	NOUN
fbem-18379	58	37	of	of	ADP
fbem-18379	58	38	the	the	DET
fbem-18379	58	39	market	market	NOUN
fbem-18379	58	40	.	.	PUNCT
fbem-18379	59	1	first	first	ADV
fbem-18379	59	2	of	of	ADP
fbem-18379	59	3	all	all	PRON
fbem-18379	59	4	,	,	PUNCT
fbem-18379	59	5	the	the	DET
fbem-18379	59	6	implementation	implementation	NOUN
fbem-18379	59	7	of	of	ADP
fbem-18379	59	8	domestic	domestic	ADJ
fbem-18379	59	9	and	and	CCONJ
fbem-18379	59	10	international	international	ADJ
fbem-18379	59	11	double	double	ADJ
fbem-18379	59	12	-	-	PUNCT
fbem-18379	59	13	cycle	cycle	NOUN
fbem-18379	59	14	policies	policy	NOUN
fbem-18379	59	15	has	have	AUX
fbem-18379	59	16	had	have	VERB
fbem-18379	59	17	a	a	DET
fbem-18379	59	18	positive	positive	ADJ
fbem-18379	59	19	impact	impact	NOUN
fbem-18379	59	20	on	on	ADP
fbem-18379	59	21	the	the	DET
fbem-18379	59	22	volatility	volatility	NOUN
fbem-18379	59	23	of	of	ADP
fbem-18379	59	24	the	the	DET
fbem-18379	59	25	shanghai	shanghai	PROPN
fbem-18379	59	26	crude	crude	PROPN
fbem-18379	59	27	oil	oil	NOUN
fbem-18379	59	28	futures	future	NOUN
fbem-18379	59	29	market	market	NOUN
fbem-18379	59	30	.	.	PUNCT
fbem-18379	60	1	the	the	DET
fbem-18379	60	2	domestic	domestic	ADJ
fbem-18379	60	3	circular	circular	ADJ
fbem-18379	60	4	policy	policy	NOUN
fbem-18379	60	5	effectively	effectively	ADV
fbem-18379	60	6	reduces	reduce	VERB
fbem-18379	60	7	market	market	NOUN
fbem-18379	60	8	uncertainty	uncertainty	NOUN
fbem-18379	60	9	by	by	ADP
fbem-18379	60	10	providing	provide	VERB
fbem-18379	60	11	a	a	DET
fbem-18379	60	12	stable	stable	ADJ
fbem-18379	60	13	macroeconomic	macroeconomic	ADJ
fbem-18379	60	14	environment	environment	NOUN
fbem-18379	60	15	and	and	CCONJ
fbem-18379	60	16	strong	strong	ADJ
fbem-18379	60	17	policy	policy	NOUN
fbem-18379	60	18	support	support	NOUN
fbem-18379	60	19	.	.	PUNCT
fbem-18379	61	1	at	at	ADP
fbem-18379	61	2	the	the	DET
fbem-18379	61	3	same	same	ADJ
fbem-18379	61	4	time	time	NOUN
fbem-18379	61	5	,	,	PUNCT
fbem-18379	61	6	the	the	DET
fbem-18379	61	7	promotion	promotion	NOUN
fbem-18379	61	8	of	of	ADP
fbem-18379	61	9	external	external	ADJ
fbem-18379	61	10	circular	circular	ADJ
fbem-18379	61	11	policies	policy	NOUN
fbem-18379	61	12	has	have	AUX
fbem-18379	61	13	provided	provide	VERB
fbem-18379	61	14	a	a	DET
fbem-18379	61	15	more	more	ADV
fbem-18379	61	16	stable	stable	ADJ
fbem-18379	61	17	and	and	CCONJ
fbem-18379	61	18	predictable	predictable	ADJ
fbem-18379	61	19	environment	environment	NOUN
fbem-18379	61	20	for	for	ADP
fbem-18379	61	21	international	international	ADJ
fbem-18379	61	22	trade	trade	NOUN
fbem-18379	61	23	and	and	CCONJ
fbem-18379	61	24	market	market	NOUN
fbem-18379	61	25	cooperation	cooperation	NOUN
fbem-18379	61	26	.	.	PUNCT
fbem-18379	62	1	the	the	DET
fbem-18379	62	2	positive	positive	ADJ
fbem-18379	62	3	impact	impact	NOUN
fbem-18379	62	4	of	of	ADP
fbem-18379	62	5	these	these	DET
fbem-18379	62	6	policies	policy	NOUN
fbem-18379	62	7	is	be	AUX
fbem-18379	62	8	gradually	gradually	ADV
fbem-18379	62	9	reflected	reflect	VERB
fbem-18379	62	10	in	in	ADP
fbem-18379	62	11	the	the	DET
fbem-18379	62	12	reduced	reduce	VERB
fbem-18379	62	13	volatility	volatility	NOUN
fbem-18379	62	14	of	of	ADP
fbem-18379	62	15	the	the	DET
fbem-18379	62	16	shanghai	shanghai	PROPN
fbem-18379	62	17	crude	crude	PROPN
fbem-18379	62	18	oil	oil	NOUN
fbem-18379	62	19	futures	future	NOUN
fbem-18379	62	20	market	market	NOUN
fbem-18379	62	21	.	.	PUNCT
fbem-18379	63	1	the	the	DET
fbem-18379	63	2	logarithmic	logarithmic	ADJ
fbem-18379	63	3	series	series	NOUN
fbem-18379	63	4	of	of	ADP
fbem-18379	63	5	shanghai	shanghai	PROPN
fbem-18379	63	6	crude	crude	PROPN
fbem-18379	63	7	oil	oil	PROPN
fbem-18379	63	8	futures	future	NOUN
fbem-18379	63	9	closing	closing	NOUN
fbem-18379	63	10	price	price	NOUN
fbem-18379	63	11	is	be	AUX
fbem-18379	63	12	still	still	ADV
fbem-18379	63	13	highly	highly	ADV
fbem-18379	63	14	volatile	volatile	ADJ
fbem-18379	63	15	with	with	ADP
fbem-18379	63	16	an	an	DET
fbem-18379	63	17	intercept	intercept	NOUN
fbem-18379	63	18	term	term	NOUN
fbem-18379	63	19	.	.	PUNCT
fbem-18379	64	1	after	after	ADP
fbem-18379	64	2	preliminary	preliminary	ADJ
fbem-18379	64	3	judgment	judgment	NOUN
fbem-18379	64	4	,	,	PUNCT
fbem-18379	64	5	the	the	DET
fbem-18379	64	6	logarithmic	logarithmic	ADJ
fbem-18379	64	7	yield	yield	NOUN
fbem-18379	64	8	series	series	NOUN
fbem-18379	64	9	of	of	ADP
fbem-18379	64	10	shanghai	shanghai	PROPN
fbem-18379	64	11	crude	crude	PROPN
fbem-18379	64	12	oil	oil	NOUN
fbem-18379	64	13	futures	future	NOUN
fbem-18379	64	14	oscillates	oscillate	NOUN
fbem-18379	64	15	around	around	ADP
fbem-18379	64	16	the	the	DET
fbem-18379	64	17	mean	mean	ADJ
fbem-18379	64	18	value	value	NOUN
fbem-18379	64	19	,	,	PUNCT
fbem-18379	64	20	and	and	CCONJ
fbem-18379	64	21	there	there	PRON
fbem-18379	64	22	is	be	VERB
fbem-18379	64	23	volatility	volatility	NOUN
fbem-18379	64	24	aggregation	aggregation	NOUN
fbem-18379	64	25	,	,	PUNCT
fbem-18379	64	26	which	which	PRON
fbem-18379	64	27	is	be	AUX
fbem-18379	64	28	a	a	DET
fbem-18379	64	29	smooth	smooth	ADJ
fbem-18379	64	30	time	time	NOUN
fbem-18379	64	31	series	series	NOUN
fbem-18379	64	32	;	;	PUNCT
fbem-18379	64	33	meanwhile	meanwhile	ADV
fbem-18379	64	34	,	,	PUNCT
fbem-18379	64	35	there	there	PRON
fbem-18379	64	36	may	may	AUX
fbem-18379	64	37	be	be	AUX
fbem-18379	64	38	arch	arch	ADJ
fbem-18379	64	39	effect	effect	NOUN
fbem-18379	64	40	.	.	PUNCT
fbem-18379	65	1	the	the	DET
fbem-18379	65	2	unit	unit	NOUN
fbem-18379	65	3	root	root	NOUN
fbem-18379	65	4	test	test	NOUN
fbem-18379	65	5	is	be	AUX
fbem-18379	65	6	performed	perform	VERB
fbem-18379	65	7	on	on	ADP
fbem-18379	65	8	the	the	DET
fbem-18379	65	9	closing	closing	NOUN
fbem-18379	65	10	price	price	NOUN
fbem-18379	65	11	series	series	NOUN
fbem-18379	65	12	,	,	PUNCT
fbem-18379	65	13	the	the	DET
fbem-18379	65	14	closing	closing	NOUN
fbem-18379	65	15	price	price	NOUN
fbem-18379	65	16	logarithmic	logarithmic	ADJ
fbem-18379	65	17	series	series	NOUN
fbem-18379	65	18	and	and	CCONJ
fbem-18379	65	19	the	the	DET
fbem-18379	65	20	logarithmic	logarithmic	ADJ
fbem-18379	65	21	yield	yield	NOUN
fbem-18379	65	22	series	series	NOUN
fbem-18379	65	23	of	of	ADP
fbem-18379	65	24	shanghai	shanghai	PROPN
fbem-18379	65	25	crude	crude	PROPN
fbem-18379	65	26	oil	oil	NOUN
fbem-18379	65	27	futures	future	NOUN
fbem-18379	65	28	,	,	PUNCT
fbem-18379	65	29	and	and	CCONJ
fbem-18379	65	30	the	the	DET
fbem-18379	65	31	results	result	NOUN
fbem-18379	65	32	are	be	AUX
fbem-18379	65	33	shown	show	VERB
fbem-18379	65	34	in	in	ADP
fbem-18379	65	35	table	table	NOUN
fbem-18379	65	36	1	1	NUM
fbem-18379	65	37	.	.	PUNCT
fbem-18379	65	38	table	table	NOUN
fbem-18379	65	39	1	1	NUM
fbem-18379	65	40	.	.	PUNCT
fbem-18379	65	41	unit	unit	NOUN
fbem-18379	65	42	root	root	PROPN
fbem-18379	65	43	test	test	NOUN
fbem-18379	65	44	of	of	ADP
fbem-18379	65	45	shanghai	shanghai	PROPN
fbem-18379	65	46	crude	crude	PROPN
fbem-18379	65	47	oil	oil	PROPN
fbem-18379	65	48	futures	future	NOUN
fbem-18379	65	49	closing	closing	NOUN
fbem-18379	65	50	price	price	NOUN
fbem-18379	65	51	adf	adf	PROPN
fbem-18379	65	52	test	test	NOUN
fbem-18379	65	53	statistic	statistic	PROPN
fbem-18379	65	54	t	t	PROPN
fbem-18379	65	55	-	-	PUNCT
fbem-18379	65	56	statistic	statistic	NOUN
fbem-18379	65	57	prob	prob	NOUN
fbem-18379	65	58	.	.	PUNCT
fbem-18379	66	1	*	*	PUNCT
fbem-18379	66	2	closing	closing	NOUN
fbem-18379	66	3	price	price	NOUN
fbem-18379	66	4	sequence	sequence	NOUN
fbem-18379	66	5	-1.6816	-1.6816	PROPN
fbem-18379	66	6	0.4404	0.4404	NUM
fbem-18379	66	7	logarithmic	logarithmic	ADJ
fbem-18379	66	8	closing	closing	NOUN
fbem-18379	66	9	price	price	NOUN
fbem-18379	66	10	series	series	NOUN
fbem-18379	66	11	-1.4963	-1.4963	PROPN
fbem-18379	66	12	0.5354	0.5354	NUM
fbem-18379	66	13	logarithmic	logarithmic	ADJ
fbem-18379	66	14	yield	yield	NOUN
fbem-18379	66	15	series	series	NOUN
fbem-18379	66	16	-34.6292	-34.6292	NUM
fbem-18379	66	17	0.0000	0.0000	NUM
fbem-18379	66	18	test	test	NOUN
fbem-18379	66	19	threshold	threshold	NOUN
fbem-18379	66	20	1	1	NUM
fbem-18379	66	21	%	%	NOUN
fbem-18379	66	22	level	level	NOUN
fbem-18379	66	23	-3.4355	-3.4355	NOUN
fbem-18379	66	24	5	5	NUM
fbem-18379	66	25	%	%	NOUN
fbem-18379	66	26	level	level	NOUN
fbem-18379	66	27	-2.8637	-2.8637	NOUN
fbem-18379	66	28	10	10	NUM
fbem-18379	66	29	%	%	NOUN
fbem-18379	66	30	level	level	NOUN
fbem-18379	66	31	-2.5680	-2.5680	X
fbem-18379	67	1	the	the	DET
fbem-18379	67	2	unit	unit	NOUN
fbem-18379	67	3	root	root	NOUN
fbem-18379	67	4	test	test	NOUN
fbem-18379	67	5	results	result	NOUN
fbem-18379	67	6	of	of	ADP
fbem-18379	67	7	the	the	DET
fbem-18379	67	8	closing	closing	NOUN
fbem-18379	67	9	price	price	NOUN
fbem-18379	67	10	series	series	NOUN
fbem-18379	67	11	and	and	CCONJ
fbem-18379	67	12	closing	closing	NOUN
fbem-18379	67	13	price	price	NOUN
fbem-18379	67	14	logarithmic	logarithmic	ADJ
fbem-18379	67	15	series	series	NOUN
fbem-18379	67	16	of	of	ADP
fbem-18379	67	17	shanghai	shanghai	PROPN
fbem-18379	67	18	crude	crude	PROPN
fbem-18379	67	19	oil	oil	NOUN
fbem-18379	67	20	futures	future	NOUN
fbem-18379	67	21	show	show	VERB
fbem-18379	67	22	that	that	SCONJ
fbem-18379	67	23	the	the	DET
fbem-18379	67	24	t	t	PROPN
fbem-18379	67	25	-	-	PUNCT
fbem-18379	67	26	statistics	statistic	NOUN
fbem-18379	67	27	are	be	AUX
fbem-18379	67	28	-1.686	-1.686	NUM
fbem-18379	67	29	and	and	CCONJ
fbem-18379	67	30	-1.4963	-1.4963	ADJ
fbem-18379	67	31	respectively	respectively	ADV
fbem-18379	67	32	,	,	PUNCT
fbem-18379	67	33	which	which	PRON
fbem-18379	67	34	are	be	AUX
fbem-18379	67	35	higher	high	ADJ
fbem-18379	67	36	than	than	ADP
fbem-18379	67	37	the	the	DET
fbem-18379	67	38	critical	critical	ADJ
fbem-18379	67	39	value	value	NOUN
fbem-18379	67	40	of	of	ADP
fbem-18379	67	41	-3.4355	-3.4355	NOUN
fbem-18379	67	42	at	at	ADP
fbem-18379	67	43	the	the	DET
fbem-18379	67	44	1	1	NUM
fbem-18379	67	45	%	%	NOUN
fbem-18379	67	46	level	level	NOUN
fbem-18379	67	47	,	,	PUNCT
fbem-18379	67	48	so	so	CCONJ
fbem-18379	67	49	the	the	DET
fbem-18379	67	50	original	original	ADJ
fbem-18379	67	51	hypotheses	hypothesis	NOUN
fbem-18379	67	52	of	of	ADP
fbem-18379	67	53	the	the	DET
fbem-18379	67	54	existence	existence	NOUN
fbem-18379	67	55	of	of	ADP
fbem-18379	67	56	the	the	DET
fbem-18379	67	57	unit	unit	NOUN
fbem-18379	67	58	root	root	NOUN
fbem-18379	67	59	of	of	ADP
fbem-18379	67	60	the	the	DET
fbem-18379	67	61	closing	closing	NOUN
fbem-18379	67	62	price	price	NOUN
fbem-18379	67	63	series	series	NOUN
fbem-18379	67	64	and	and	CCONJ
fbem-18379	67	65	the	the	DET
fbem-18379	67	66	closing	close	VERB
fbem-18379	67	67	logarithmic	logarithmic	ADJ
fbem-18379	67	68	series	series	NOUN
fbem-18379	67	69	of	of	ADP
fbem-18379	67	70	shanghai	shanghai	PROPN
fbem-18379	67	71	crude	crude	PROPN
fbem-18379	67	72	oil	oil	NOUN
fbem-18379	67	73	futures	future	NOUN
fbem-18379	67	74	can	can	AUX
fbem-18379	67	75	not	not	PART
fbem-18379	67	76	be	be	AUX
fbem-18379	67	77	rejected	reject	VERB
fbem-18379	67	78	,	,	PUNCT
fbem-18379	67	79	and	and	CCONJ
fbem-18379	67	80	the	the	DET
fbem-18379	67	81	data	data	NOUN
fbem-18379	67	82	smoothing	smoothing	NOUN
fbem-18379	67	83	process	process	NOUN
fbem-18379	67	84	needs	need	VERB
fbem-18379	67	85	to	to	PART
fbem-18379	67	86	be	be	AUX
fbem-18379	67	87	carried	carry	VERB
fbem-18379	67	88	out	out	ADP
fbem-18379	67	89	for	for	ADP
fbem-18379	67	90	the	the	DET
fbem-18379	67	91	closing	closing	NOUN
fbem-18379	67	92	price	price	NOUN
fbem-18379	67	93	logarithmic	logarithmic	ADJ
fbem-18379	67	94	series	series	NOUN
fbem-18379	67	95	.	.	PUNCT
fbem-18379	68	1	the	the	DET
fbem-18379	68	2	logarithmic	logarithmic	ADJ
fbem-18379	68	3	yield	yield	NOUN
fbem-18379	68	4	series	series	NOUN
fbem-18379	68	5	is	be	AUX
fbem-18379	68	6	obtained	obtain	VERB
fbem-18379	68	7	by	by	ADP
fbem-18379	68	8	differentiating	differentiate	VERB
fbem-18379	68	9	the	the	DET
fbem-18379	68	10	logarithmic	logarithmic	ADJ
fbem-18379	68	11	series	series	NOUN
fbem-18379	68	12	of	of	ADP
fbem-18379	68	13	closing	closing	NOUN
fbem-18379	68	14	prices	price	NOUN
fbem-18379	68	15	,	,	PUNCT
fbem-18379	68	16	and	and	CCONJ
fbem-18379	68	17	the	the	DET
fbem-18379	68	18	t	t	NOUN
fbem-18379	68	19	-	-	PUNCT
fbem-18379	68	20	statistic	statistic	NOUN
fbem-18379	68	21	value	value	NOUN
fbem-18379	68	22	of	of	ADP
fbem-18379	68	23	the	the	DET
fbem-18379	68	24	adf	adf	PROPN
fbem-18379	68	25	unit	unit	NOUN
fbem-18379	68	26	root	root	PROPN
fbem-18379	68	27	test	test	NOUN
fbem-18379	68	28	is	be	AUX
fbem-18379	68	29	-34.6416	-34.6416	PUNCT
fbem-18379	68	30	,	,	PUNCT
fbem-18379	68	31	which	which	PRON
fbem-18379	68	32	is	be	AUX
fbem-18379	68	33	smaller	small	ADJ
fbem-18379	68	34	than	than	ADP
fbem-18379	68	35	the	the	DET
fbem-18379	68	36	critical	critical	ADJ
fbem-18379	68	37	value	value	NOUN
fbem-18379	68	38	of	of	ADP
fbem-18379	68	39	-3.4355	-3.4355	NOUN
fbem-18379	68	40	at	at	ADP
fbem-18379	68	41	the	the	DET
fbem-18379	68	42	1	1	NUM
fbem-18379	68	43	%	%	NOUN
fbem-18379	68	44	level	level	NOUN
fbem-18379	68	45	,	,	PUNCT
fbem-18379	68	46	so	so	CCONJ
fbem-18379	68	47	the	the	DET
fbem-18379	68	48	original	original	ADJ
fbem-18379	68	49	hypothesis	hypothesis	NOUN
fbem-18379	68	50	that	that	SCONJ
fbem-18379	68	51	there	there	PRON
fbem-18379	68	52	is	be	VERB
fbem-18379	68	53	a	a	DET
fbem-18379	68	54	unit	unit	NOUN
fbem-18379	68	55	root	root	NOUN
fbem-18379	68	56	in	in	ADP
fbem-18379	68	57	the	the	DET
fbem-18379	68	58	logarithmic	logarithmic	ADJ
fbem-18379	68	59	yield	yield	NOUN
fbem-18379	68	60	series	series	NOUN
fbem-18379	68	61	of	of	ADP
fbem-18379	68	62	shanghai	shanghai	PROPN
fbem-18379	68	63	crude	crude	PROPN
fbem-18379	68	64	oil	oil	NOUN
fbem-18379	68	65	futures	future	NOUN
fbem-18379	68	66	is	be	AUX
fbem-18379	68	67	rejected	reject	VERB
fbem-18379	68	68	.	.	PUNCT
fbem-18379	69	1	3.3	3.3	NUM
fbem-18379	69	2	.	.	PUNCT
fbem-18379	70	1	basic	basic	ADJ
fbem-18379	70	2	statistical	statistical	ADJ
fbem-18379	70	3	characteristics	characteristic	NOUN
fbem-18379	70	4	of	of	ADP
fbem-18379	70	5	data	datum	NOUN
fbem-18379	70	6	figure	figure	NOUN
fbem-18379	70	7	4	4	NUM
fbem-18379	70	8	.	.	PUNCT
fbem-18379	70	9	descriptive	descriptive	ADJ
fbem-18379	70	10	statistics	statistic	NOUN
fbem-18379	70	11	of	of	ADP
fbem-18379	70	12	logarithmic	logarithmic	ADJ
fbem-18379	70	13	returns	return	NOUN
fbem-18379	70	14	the	the	DET
fbem-18379	70	15	descriptive	descriptive	ADJ
fbem-18379	70	16	statistics	statistic	NOUN
fbem-18379	70	17	of	of	ADP
fbem-18379	70	18	the	the	DET
fbem-18379	70	19	logarithmic	logarithmic	ADJ
fbem-18379	70	20	return	return	NOUN
fbem-18379	70	21	series	series	NOUN
fbem-18379	70	22	of	of	ADP
fbem-18379	70	23	shanghai	shanghai	PROPN
fbem-18379	70	24	crude	crude	PROPN
fbem-18379	70	25	oil	oil	NOUN
fbem-18379	70	26	futures	future	NOUN
fbem-18379	70	27	are	be	AUX
fbem-18379	70	28	shown	show	VERB
fbem-18379	70	29	in	in	ADP
fbem-18379	70	30	fig	fig	NOUN
fbem-18379	70	31	.	.	PUNCT
fbem-18379	71	1	4	4	X
fbem-18379	71	2	.	.	X
fbem-18379	71	3	the	the	DET
fbem-18379	71	4	mean	mean	ADJ
fbem-18379	71	5	value	value	NOUN
fbem-18379	71	6	of	of	ADP
fbem-18379	71	7	the	the	DET
fbem-18379	71	8	logarithmic	logarithmic	ADJ
fbem-18379	71	9	return	return	NOUN
fbem-18379	71	10	of	of	ADP
fbem-18379	71	11	shanghai	shanghai	PROPN
fbem-18379	71	12	crude	crude	PROPN
fbem-18379	71	13	oil	oil	NOUN
fbem-18379	71	14	futures	future	NOUN
fbem-18379	71	15	during	during	ADP
fbem-18379	71	16	the	the	DET
fbem-18379	71	17	sample	sample	NOUN
fbem-18379	71	18	period	period	NOUN
fbem-18379	71	19	is	be	AUX
fbem-18379	71	20	0.0002	0.0002	NUM
fbem-18379	71	21	,	,	PUNCT
fbem-18379	71	22	the	the	DET
fbem-18379	71	23	standard	standard	ADJ
fbem-18379	71	24	deviation	deviation	NOUN
fbem-18379	71	25	is	be	AUX
fbem-18379	71	26	2.4385	2.4385	NUM
fbem-18379	71	27	%	%	NOUN
fbem-18379	71	28	,	,	PUNCT
fbem-18379	71	29	the	the	DET
fbem-18379	71	30	skewness	skewness	NOUN
fbem-18379	71	31	is	be	AUX
fbem-18379	71	32	-0.1256	-0.1256	VERB
fbem-18379	71	33	,	,	PUNCT
fbem-18379	71	34	and	and	CCONJ
fbem-18379	71	35	the	the	DET
fbem-18379	71	36	kurtosis	kurtosis	NOUN
fbem-18379	71	37	is	be	AUX
fbem-18379	71	38	6.3776	6.3776	NUM
fbem-18379	71	39	,	,	PUNCT
fbem-18379	71	40	which	which	PRON
fbem-18379	71	41	is	be	AUX
fbem-18379	71	42	higher	high	ADJ
fbem-18379	71	43	than	than	ADP
fbem-18379	71	44	that	that	PRON
fbem-18379	71	45	of	of	ADP
fbem-18379	71	46	the	the	DET
fbem-18379	71	47	peak	peak	NOUN
fbem-18379	71	48	3	3	NUM
fbem-18379	71	49	of	of	ADP
fbem-18379	71	50	the	the	DET
fbem-18379	71	51	normal	normal	ADJ
fbem-18379	71	52	distribution	distribution	NOUN
fbem-18379	71	53	,	,	PUNCT
fbem-18379	71	54	which	which	PRON
fbem-18379	71	55	indicates	indicate	VERB
fbem-18379	71	56	that	that	SCONJ
fbem-18379	71	57	the	the	DET
fbem-18379	71	58	logarithmic	logarithmic	ADJ
fbem-18379	71	59	return	return	NOUN
fbem-18379	71	60	of	of	ADP
fbem-18379	71	61	shanghai	shanghai	PROPN
fbem-18379	71	62	crude	crude	PROPN
fbem-18379	71	63	oil	oil	NOUN
fbem-18379	71	64	futures	future	NOUN
fbem-18379	71	65	has	have	VERB
fbem-18379	71	66	the	the	DET
fbem-18379	71	67	characteristics	characteristic	NOUN
fbem-18379	71	68	of	of	ADP
fbem-18379	71	69	"	"	PUNCT
fbem-18379	71	70	sharp	sharp	ADJ
fbem-18379	71	71	peaks	peak	NOUN
fbem-18379	71	72	and	and	CCONJ
fbem-18379	71	73	thick	thick	ADJ
fbem-18379	71	74	tails	tail	NOUN
fbem-18379	71	75	"	"	PUNCT
fbem-18379	71	76	and	and	CCONJ
fbem-18379	71	77	"	"	PUNCT
fbem-18379	71	78	thick	thick	ADJ
fbem-18379	71	79	tails	tail	NOUN
fbem-18379	71	80	"	"	PUNCT
fbem-18379	71	81	.	.	PUNCT
fbem-18379	72	1	this	this	PRON
fbem-18379	72	2	indicates	indicate	VERB
fbem-18379	72	3	that	that	SCONJ
fbem-18379	72	4	the	the	DET
fbem-18379	72	5	logarithmic	logarithmic	ADJ
fbem-18379	72	6	return	return	NOUN
fbem-18379	72	7	of	of	ADP
fbem-18379	72	8	shanghai	shanghai	PROPN
fbem-18379	72	9	crude	crude	PROPN
fbem-18379	72	10	oil	oil	NOUN
fbem-18379	72	11	futures	future	NOUN
fbem-18379	72	12	has	have	VERB
fbem-18379	72	13	the	the	DET
fbem-18379	72	14	characteristic	characteristic	NOUN
fbem-18379	72	15	of	of	ADP
fbem-18379	72	16	"	"	PUNCT
fbem-18379	72	17	sharp	sharp	ADJ
fbem-18379	72	18	peak	peak	NOUN
fbem-18379	72	19	and	and	CCONJ
fbem-18379	72	20	thick	thick	ADJ
fbem-18379	72	21	tail	tail	NOUN
fbem-18379	72	22	"	"	PUNCT
fbem-18379	72	23	.	.	PUNCT
fbem-18379	73	1	this	this	PRON
fbem-18379	73	2	means	mean	VERB
fbem-18379	73	3	that	that	SCONJ
fbem-18379	73	4	there	there	PRON
fbem-18379	73	5	are	be	VERB
fbem-18379	73	6	more	more	ADV
fbem-18379	73	7	extreme	extreme	ADJ
fbem-18379	73	8	values	value	NOUN
fbem-18379	73	9	and	and	CCONJ
fbem-18379	73	10	large	large	ADJ
fbem-18379	73	11	fluctuations	fluctuation	NOUN
fbem-18379	73	12	in	in	ADP
fbem-18379	73	13	the	the	DET
fbem-18379	73	14	logarithmic	logarithmic	ADJ
fbem-18379	73	15	return	return	NOUN
fbem-18379	73	16	of	of	ADP
fbem-18379	73	17	shanghai	shanghai	PROPN
fbem-18379	73	18	crude	crude	PROPN
fbem-18379	73	19	oil	oil	NOUN
fbem-18379	73	20	futures	future	NOUN
fbem-18379	73	21	,	,	PUNCT
fbem-18379	73	22	which	which	PRON
fbem-18379	73	23	tends	tend	VERB
fbem-18379	73	24	to	to	PART
fbem-18379	73	25	produce	produce	VERB
fbem-18379	73	26	more	more	ADJ
fbem-18379	73	27	extreme	extreme	ADJ
fbem-18379	73	28	events	event	NOUN
fbem-18379	73	29	than	than	ADP
fbem-18379	73	30	the	the	DET
fbem-18379	73	31	normal	normal	ADJ
fbem-18379	73	32	distribution	distribution	NOUN
fbem-18379	73	33	.	.	PUNCT
fbem-18379	74	1	the	the	DET
fbem-18379	74	2	jb	jb	PROPN
fbem-18379	74	3	normality	normality	PROPN
fbem-18379	74	4	test	test	NOUN
fbem-18379	74	5	statistic	statistic	NOUN
fbem-18379	74	6	is	be	AUX
fbem-18379	74	7	582.6455	582.6455	NUM
fbem-18379	74	8	,	,	PUNCT
fbem-18379	74	9	and	and	CCONJ
fbem-18379	74	10	the	the	DET
fbem-18379	74	11	concomitant	concomitant	ADJ
fbem-18379	74	12	probability	probability	NOUN
fbem-18379	74	13	is	be	AUX
fbem-18379	74	14	approximated	approximate	VERB
fbem-18379	74	15	to	to	PART
fbem-18379	74	16	be	be	AUX
fbem-18379	74	17	0	0	NUM
fbem-18379	74	18	,	,	PUNCT
fbem-18379	74	19	which	which	PRON
fbem-18379	74	20	indicates	indicate	VERB
fbem-18379	74	21	that	that	SCONJ
fbem-18379	74	22	the	the	DET
fbem-18379	74	23	distribution	distribution	NOUN
fbem-18379	74	24	of	of	ADP
fbem-18379	74	25	the	the	DET
fbem-18379	74	26	logarithmic	logarithmic	ADJ
fbem-18379	74	27	return	return	NOUN
fbem-18379	74	28	of	of	ADP
fbem-18379	74	29	shanghai	shanghai	PROPN
fbem-18379	74	30	crude	crude	PROPN
fbem-18379	74	31	oil	oil	NOUN
fbem-18379	74	32	futures	future	NOUN
fbem-18379	74	33	differs	differ	VERB
fbem-18379	74	34	significantly	significantly	ADV
fbem-18379	74	35	from	from	ADP
fbem-18379	74	36	that	that	PRON
fbem-18379	74	37	of	of	ADP
fbem-18379	74	38	the	the	DET
fbem-18379	74	39	normal	normal	ADJ
fbem-18379	74	40	distribution	distribution	NOUN
fbem-18379	74	41	.	.	PUNCT
fbem-18379	75	1	3.4	3.4	NUM
fbem-18379	75	2	.	.	PUNCT
fbem-18379	75	3	autocorrelation	autocorrelation	NOUN
fbem-18379	75	4	test	test	NOUN
fbem-18379	75	5	372	372	NUM
fbem-18379	75	6	figure	figure	NOUN
fbem-18379	75	7	5	5	NUM
fbem-18379	75	8	.	.	PUNCT
fbem-18379	75	9	correlation	correlation	NOUN
fbem-18379	75	10	chart	chart	NOUN
fbem-18379	75	11	a	a	DET
fbem-18379	75	12	correlation	correlation	NOUN
fbem-18379	75	13	plot	plot	NOUN
fbem-18379	75	14	of	of	ADP
fbem-18379	75	15	the	the	DET
fbem-18379	75	16	log	log	NOUN
fbem-18379	75	17	return	return	NOUN
fbem-18379	75	18	series	series	NOUN
fbem-18379	75	19	of	of	ADP
fbem-18379	75	20	shanghai	shanghai	PROPN
fbem-18379	75	21	crude	crude	PROPN
fbem-18379	75	22	oil	oil	NOUN
fbem-18379	75	23	futures	future	NOUN
fbem-18379	75	24	was	be	AUX
fbem-18379	75	25	drawn	draw	VERB
fbem-18379	75	26	(	(	PUNCT
fbem-18379	75	27	see	see	VERB
fbem-18379	75	28	figure	figure	NOUN
fbem-18379	75	29	5	5	NUM
fbem-18379	75	30	)	)	PUNCT
fbem-18379	75	31	.	.	PUNCT
fbem-18379	76	1	autocorrelation	autocorrelation	NOUN
fbem-18379	76	2	analysis	analysis	NOUN
fbem-18379	76	3	was	be	AUX
fbem-18379	76	4	performed	perform	VERB
fbem-18379	76	5	and	and	CCONJ
fbem-18379	76	6	it	it	PRON
fbem-18379	76	7	was	be	AUX
fbem-18379	76	8	found	find	VERB
fbem-18379	76	9	that	that	SCONJ
fbem-18379	76	10	the	the	DET
fbem-18379	76	11	autocorrelation	autocorrelation	NOUN
fbem-18379	76	12	of	of	ADP
fbem-18379	76	13	the	the	DET
fbem-18379	76	14	log	log	NOUN
fbem-18379	76	15	yield	yield	NOUN
fbem-18379	76	16	series	series	PROPN
fbem-18379	76	17	itself	itself	PRON
fbem-18379	76	18	is	be	AUX
fbem-18379	76	19	weak	weak	ADJ
fbem-18379	76	20	.	.	PUNCT
fbem-18379	77	1	this	this	PRON
fbem-18379	77	2	means	mean	VERB
fbem-18379	77	3	that	that	SCONJ
fbem-18379	77	4	the	the	DET
fbem-18379	77	5	correlation	correlation	NOUN
fbem-18379	77	6	between	between	ADP
fbem-18379	77	7	the	the	DET
fbem-18379	77	8	current	current	ADJ
fbem-18379	77	9	yield	yield	NOUN
fbem-18379	77	10	values	value	NOUN
fbem-18379	77	11	and	and	CCONJ
fbem-18379	77	12	the	the	DET
fbem-18379	77	13	past	past	ADJ
fbem-18379	77	14	yield	yield	NOUN
fbem-18379	77	15	values	value	NOUN
fbem-18379	77	16	is	be	AUX
fbem-18379	77	17	low	low	ADJ
fbem-18379	77	18	,	,	PUNCT
fbem-18379	77	19	and	and	CCONJ
fbem-18379	77	20	the	the	DET
fbem-18379	77	21	price	price	NOUN
fbem-18379	77	22	movements	movement	NOUN
fbem-18379	77	23	are	be	AUX
fbem-18379	77	24	to	to	ADP
fbem-18379	77	25	some	some	DET
fbem-18379	77	26	extent	extent	NOUN
fbem-18379	77	27	random	random	ADJ
fbem-18379	77	28	and	and	CCONJ
fbem-18379	77	29	unaffected	unaffected	ADJ
fbem-18379	77	30	by	by	ADP
fbem-18379	77	31	historical	historical	ADJ
fbem-18379	77	32	yields	yield	NOUN
fbem-18379	77	33	.	.	PUNCT
fbem-18379	78	1	however	however	ADV
fbem-18379	78	2	,	,	PUNCT
fbem-18379	78	3	when	when	SCONJ
fbem-18379	78	4	we	we	PRON
fbem-18379	78	5	analyze	analyze	VERB
fbem-18379	78	6	the	the	DET
fbem-18379	78	7	squared	square	VERB
fbem-18379	78	8	residuals	residual	NOUN
fbem-18379	78	9	of	of	ADP
fbem-18379	78	10	the	the	DET
fbem-18379	78	11	logarithmic	logarithmic	ADJ
fbem-18379	78	12	yield	yield	NOUN
fbem-18379	78	13	series	series	NOUN
fbem-18379	78	14	,	,	PUNCT
fbem-18379	78	15	we	we	PRON
fbem-18379	78	16	find	find	VERB
fbem-18379	78	17	a	a	DET
fbem-18379	78	18	strong	strong	ADJ
fbem-18379	78	19	autocorrelation	autocorrelation	NOUN
fbem-18379	78	20	(	(	PUNCT
fbem-18379	78	21	see	see	VERB
fbem-18379	78	22	figure	figure	NOUN
fbem-18379	78	23	6	6	NUM
fbem-18379	78	24	)	)	PUNCT
fbem-18379	78	25	.	.	PUNCT
fbem-18379	79	1	while	while	SCONJ
fbem-18379	79	2	the	the	DET
fbem-18379	79	3	squared	square	VERB
fbem-18379	79	4	residuals	residual	NOUN
fbem-18379	79	5	reflect	reflect	VERB
fbem-18379	79	6	the	the	DET
fbem-18379	79	7	variance	variance	NOUN
fbem-18379	79	8	of	of	ADP
fbem-18379	79	9	price	price	NOUN
fbem-18379	79	10	fluctuations	fluctuation	NOUN
fbem-18379	79	11	,	,	PUNCT
fbem-18379	79	12	the	the	DET
fbem-18379	79	13	autocorrelation	autocorrelation	NOUN
fbem-18379	79	14	indicates	indicate	VERB
fbem-18379	79	15	whether	whether	SCONJ
fbem-18379	79	16	changes	change	NOUN
fbem-18379	79	17	in	in	ADP
fbem-18379	79	18	the	the	DET
fbem-18379	79	19	variance	variance	NOUN
fbem-18379	79	20	are	be	AUX
fbem-18379	79	21	influenced	influence	VERB
fbem-18379	79	22	by	by	ADP
fbem-18379	79	23	past	past	ADJ
fbem-18379	79	24	variances	variance	NOUN
fbem-18379	79	25	.	.	PUNCT
fbem-18379	80	1	this	this	PRON
fbem-18379	80	2	implies	imply	VERB
fbem-18379	80	3	a	a	DET
fbem-18379	80	4	degree	degree	NOUN
fbem-18379	80	5	of	of	ADP
fbem-18379	80	6	persistence	persistence	NOUN
fbem-18379	80	7	and	and	CCONJ
fbem-18379	80	8	inertia	inertia	NOUN
fbem-18379	80	9	effect	effect	NOUN
fbem-18379	80	10	in	in	ADP
fbem-18379	80	11	the	the	DET
fbem-18379	80	12	variance	variance	NOUN
fbem-18379	80	13	of	of	ADP
fbem-18379	80	14	price	price	NOUN
fbem-18379	80	15	fluctuations	fluctuation	NOUN
fbem-18379	80	16	,	,	PUNCT
fbem-18379	80	17	i.e.	i.e.	X
fbem-18379	80	18	,	,	PUNCT
fbem-18379	80	19	there	there	PRON
fbem-18379	80	20	is	be	VERB
fbem-18379	80	21	a	a	DET
fbem-18379	80	22	high	high	ADJ
fbem-18379	80	23	correlation	correlation	NOUN
fbem-18379	80	24	between	between	ADP
fbem-18379	80	25	the	the	DET
fbem-18379	80	26	current	current	ADJ
fbem-18379	80	27	value	value	NOUN
fbem-18379	80	28	of	of	ADP
fbem-18379	80	29	the	the	DET
fbem-18379	80	30	variance	variance	NOUN
fbem-18379	80	31	and	and	CCONJ
fbem-18379	80	32	the	the	DET
fbem-18379	80	33	past	past	ADJ
fbem-18379	80	34	value	value	NOUN
fbem-18379	80	35	of	of	ADP
fbem-18379	80	36	the	the	DET
fbem-18379	80	37	variance	variance	NOUN
fbem-18379	80	38	.	.	PUNCT
fbem-18379	81	1	figure	figure	NOUN
fbem-18379	81	2	6	6	NUM
fbem-18379	81	3	.	.	PUNCT
fbem-18379	81	4	residual	residual	ADJ
fbem-18379	81	5	squared	square	VERB
fbem-18379	81	6	correlation	correlation	NOUN
fbem-18379	81	7	diagram	diagram	NOUN
fbem-18379	81	8	further	far	ADV
fbem-18379	81	9	,	,	PUNCT
fbem-18379	81	10	we	we	PRON
fbem-18379	81	11	consider	consider	VERB
fbem-18379	81	12	the	the	DET
fbem-18379	81	13	possibility	possibility	NOUN
fbem-18379	81	14	of	of	ADP
fbem-18379	81	15	an	an	DET
fbem-18379	81	16	arch	arch	ADJ
fbem-18379	81	17	effect	effect	NOUN
fbem-18379	81	18	in	in	ADP
fbem-18379	81	19	the	the	DET
fbem-18379	81	20	yield	yield	NOUN
fbem-18379	81	21	series	series	NOUN
fbem-18379	81	22	.	.	PUNCT
fbem-18379	82	1	this	this	DET
fbem-18379	82	2	effect	effect	NOUN
fbem-18379	82	3	may	may	AUX
fbem-18379	82	4	be	be	AUX
fbem-18379	82	5	due	due	ADJ
fbem-18379	82	6	to	to	ADP
fbem-18379	82	7	factors	factor	NOUN
fbem-18379	82	8	such	such	ADJ
fbem-18379	82	9	as	as	ADP
fbem-18379	82	10	investor	investor	NOUN
fbem-18379	82	11	risk	risk	NOUN
fbem-18379	82	12	aversion	aversion	NOUN
fbem-18379	82	13	or	or	CCONJ
fbem-18379	82	14	changes	change	NOUN
fbem-18379	82	15	in	in	ADP
fbem-18379	82	16	market	market	NOUN
fbem-18379	82	17	sentiment	sentiment	NOUN
fbem-18379	82	18	.	.	PUNCT
fbem-18379	83	1	therefore	therefore	ADV
fbem-18379	83	2	,	,	PUNCT
fbem-18379	83	3	we	we	PRON
fbem-18379	83	4	need	need	VERB
fbem-18379	83	5	to	to	PART
fbem-18379	83	6	conduct	conduct	VERB
fbem-18379	83	7	an	an	DET
fbem-18379	83	8	arch	arch	ADJ
fbem-18379	83	9	effect	effect	NOUN
fbem-18379	83	10	test	test	NOUN
fbem-18379	83	11	to	to	PART
fbem-18379	83	12	determine	determine	VERB
fbem-18379	83	13	whether	whether	SCONJ
fbem-18379	83	14	it	it	PRON
fbem-18379	83	15	exists	exist	VERB
fbem-18379	83	16	or	or	CCONJ
fbem-18379	83	17	not	not	PART
fbem-18379	83	18	.	.	PUNCT
fbem-18379	84	1	3.5	3.5	NUM
fbem-18379	84	2	.	.	PUNCT
fbem-18379	85	1	arch	arch	ADJ
fbem-18379	85	2	effect	effect	NOUN
fbem-18379	85	3	test	test	NOUN
fbem-18379	85	4	table	table	NOUN
fbem-18379	85	5	2	2	NUM
fbem-18379	85	6	.	.	PUNCT
fbem-18379	85	7	arch	arch	ADJ
fbem-18379	85	8	effect	effect	NOUN
fbem-18379	85	9	test	test	NOUN
fbem-18379	85	10	heteroscedasticity	heteroscedasticity	PROPN
fbem-18379	85	11	test	test	NOUN
fbem-18379	85	12	:	:	PUNCT
fbem-18379	85	13	arch	arch	VERB
fbem-18379	85	14	f	f	X
fbem-18379	85	15	-	-	PUNCT
fbem-18379	85	16	statistic	statistic	ADJ
fbem-18379	85	17	27.6575	27.6575	NUM
fbem-18379	85	18	prob	prob	NOUN
fbem-18379	85	19	.	.	PUNCT
fbem-18379	86	1	f(1,1216	f(1,1216	PROPN
fbem-18379	86	2	)	)	PUNCT
fbem-18379	86	3	0.0000	0.0000	NUM
fbem-18379	86	4	obs*r	obs*r	VERB
fbem-18379	86	5	-	-	PUNCT
fbem-18379	86	6	squared	square	VERB
fbem-18379	86	7	27.0869	27.0869	NUM
fbem-18379	86	8	prob	prob	NOUN
fbem-18379	86	9	.	.	PUNCT
fbem-18379	87	1	chi	chi	PROPN
fbem-18379	87	2	-	-	PUNCT
fbem-18379	87	3	square(1	square(1	PROPN
fbem-18379	87	4	)	)	PUNCT
fbem-18379	87	5	0.0000	0.0000	NUM
fbem-18379	87	6	arch	arch	NOUN
fbem-18379	87	7	(	(	PUNCT
fbem-18379	87	8	autoregressive	autoregressive	ADJ
fbem-18379	87	9	conditional	conditional	ADJ
fbem-18379	87	10	heteroskedasticity	heteroskedasticity	NOUN
fbem-18379	87	11	)	)	PUNCT
fbem-18379	87	12	effect	effect	NOUN
fbem-18379	87	13	is	be	AUX
fbem-18379	87	14	a	a	DET
fbem-18379	87	15	statistical	statistical	ADJ
fbem-18379	87	16	model	model	NOUN
fbem-18379	87	17	used	use	VERB
fbem-18379	87	18	to	to	PART
fbem-18379	87	19	test	test	VERB
fbem-18379	87	20	the	the	DET
fbem-18379	87	21	heteroskedasticity	heteroskedasticity	NOUN
fbem-18379	87	22	in	in	ADP
fbem-18379	87	23	the	the	DET
fbem-18379	87	24	series	series	NOUN
fbem-18379	87	25	,	,	PUNCT
fbem-18379	87	26	which	which	PRON
fbem-18379	87	27	is	be	AUX
fbem-18379	87	28	mainly	mainly	ADV
fbem-18379	87	29	used	use	VERB
fbem-18379	87	30	in	in	ADP
fbem-18379	87	31	the	the	DET
fbem-18379	87	32	financial	financial	ADJ
fbem-18379	87	33	field	field	NOUN
fbem-18379	87	34	to	to	PART
fbem-18379	87	35	model	model	VERB
fbem-18379	87	36	and	and	CCONJ
fbem-18379	87	37	analyze	analyze	VERB
fbem-18379	87	38	the	the	DET
fbem-18379	87	39	financial	financial	ADJ
fbem-18379	87	40	time	time	NOUN
fbem-18379	87	41	series	series	PROPN
fbem-18379	87	42	data	datum	NOUN
fbem-18379	87	43	such	such	ADJ
fbem-18379	87	44	as	as	ADP
fbem-18379	87	45	stock	stock	NOUN
fbem-18379	87	46	returns	return	NOUN
fbem-18379	87	47	,	,	PUNCT
fbem-18379	87	48	exchange	exchange	NOUN
fbem-18379	87	49	rate	rate	NOUN
fbem-18379	87	50	changes	change	NOUN
fbem-18379	87	51	,	,	PUNCT
fbem-18379	87	52	etc	etc	X
fbem-18379	87	53	.	.	X
fbem-18379	88	1	the	the	DET
fbem-18379	88	2	results	result	NOUN
fbem-18379	88	3	of	of	ADP
fbem-18379	88	4	the	the	DET
fbem-18379	88	5	arch	arch	ADJ
fbem-18379	88	6	effect	effect	NOUN
fbem-18379	88	7	test	test	NOUN
fbem-18379	88	8	show	show	VERB
fbem-18379	88	9	that	that	SCONJ
fbem-18379	88	10	the	the	DET
fbem-18379	88	11	value	value	NOUN
fbem-18379	88	12	of	of	ADP
fbem-18379	88	13	the	the	DET
fbem-18379	88	14	lm	lm	PROPN
fbem-18379	88	15	statistic	statistic	NOUN
fbem-18379	88	16	is	be	AUX
fbem-18379	88	17	27.6575	27.6575	NUM
fbem-18379	88	18	,	,	PUNCT
fbem-18379	88	19	and	and	CCONJ
fbem-18379	88	20	the	the	DET
fbem-18379	88	21	accompanying	accompany	VERB
fbem-18379	88	22	probability	probability	NOUN
fbem-18379	88	23	is	be	AUX
fbem-18379	88	24	close	close	ADJ
fbem-18379	88	25	to	to	ADP
fbem-18379	88	26	0	0	NUM
fbem-18379	88	27	,	,	PUNCT
fbem-18379	88	28	which	which	PRON
fbem-18379	88	29	is	be	AUX
fbem-18379	88	30	smaller	small	ADJ
fbem-18379	88	31	than	than	ADP
fbem-18379	88	32	the	the	DET
fbem-18379	88	33	significance	significance	NOUN
fbem-18379	88	34	level	level	NOUN
fbem-18379	88	35	of	of	ADP
fbem-18379	88	36	0.05	0.05	NUM
fbem-18379	88	37	.	.	PUNCT
fbem-18379	89	1	therefore	therefore	ADV
fbem-18379	89	2	,	,	PUNCT
fbem-18379	89	3	we	we	PRON
fbem-18379	89	4	can	can	AUX
fbem-18379	89	5	reject	reject	VERB
fbem-18379	89	6	the	the	DET
fbem-18379	89	7	original	original	ADJ
fbem-18379	89	8	hypothesis	hypothesis	NOUN
fbem-18379	89	9	that	that	SCONJ
fbem-18379	89	10	there	there	PRON
fbem-18379	89	11	is	be	VERB
fbem-18379	89	12	no	no	DET
fbem-18379	89	13	arch	arch	ADJ
fbem-18379	89	14	effect	effect	NOUN
fbem-18379	89	15	in	in	ADP
fbem-18379	89	16	the	the	DET
fbem-18379	89	17	logarithmic	logarithmic	ADJ
fbem-18379	89	18	return	return	NOUN
fbem-18379	89	19	series	series	NOUN
fbem-18379	89	20	of	of	ADP
fbem-18379	89	21	shanghai	shanghai	PROPN
fbem-18379	89	22	crude	crude	PROPN
fbem-18379	89	23	oil	oil	NOUN
fbem-18379	89	24	futures	future	NOUN
fbem-18379	89	25	.	.	PUNCT
fbem-18379	90	1	4	4	X
fbem-18379	90	2	.	.	X
fbem-18379	90	3	an	an	DET
fbem-18379	90	4	empirical	empirical	ADJ
fbem-18379	90	5	analysis	analysis	NOUN
fbem-18379	90	6	of	of	ADP
fbem-18379	90	7	the	the	DET
fbem-18379	90	8	volatility	volatility	NOUN
fbem-18379	90	9	of	of	ADP
fbem-18379	90	10	logarithmic	logarithmic	ADJ
fbem-18379	90	11	yield	yield	NOUN
fbem-18379	90	12	of	of	ADP
fbem-18379	90	13	shanghai	shanghai	PROPN
fbem-18379	90	14	crude	crude	PROPN
fbem-18379	90	15	oil	oil	NOUN
fbem-18379	90	16	futures	future	NOUN
fbem-18379	90	17	4.1	4.1	NUM
fbem-18379	90	18	.	.	PUNCT
fbem-18379	91	1	garch	garch	NOUN
fbem-18379	91	2	modeling	model	VERB
fbem-18379	91	3	4.1.1	4.1.1	PROPN
fbem-18379	91	4	.	.	PUNCT
fbem-18379	92	1	model	model	NOUN
fbem-18379	92	2	selection	selection	NOUN
fbem-18379	92	3	in	in	ADP
fbem-18379	92	4	practice	practice	NOUN
fbem-18379	92	5	,	,	PUNCT
fbem-18379	92	6	residual	residual	ADJ
fbem-18379	92	7	series	series	NOUN
fbem-18379	92	8	tend	tend	VERB
fbem-18379	92	9	to	to	PART
fbem-18379	92	10	have	have	AUX
fbem-18379	92	11	spiky	spiky	VERB
fbem-18379	92	12	thick	thick	ADJ
fbem-18379	92	13	tails	tail	NOUN
fbem-18379	92	14	or	or	CCONJ
fbem-18379	92	15	skewed	skewed	ADJ
fbem-18379	92	16	distributions	distribution	NOUN
fbem-18379	92	17	,	,	PUNCT
fbem-18379	92	18	which	which	PRON
fbem-18379	92	19	makes	make	VERB
fbem-18379	92	20	the	the	DET
fbem-18379	92	21	validity	validity	NOUN
fbem-18379	92	22	of	of	ADP
fbem-18379	92	23	garch	garch	NOUN
fbem-18379	92	24	models	model	NOUN
fbem-18379	92	25	questionable	questionable	ADJ
fbem-18379	92	26	.	.	PUNCT
fbem-18379	93	1	compared	compare	VERB
fbem-18379	93	2	with	with	ADP
fbem-18379	93	3	the	the	DET
fbem-18379	93	4	normal	normal	ADJ
fbem-18379	93	5	distribution	distribution	NOUN
fbem-18379	93	6	,	,	PUNCT
fbem-18379	93	7	the	the	DET
fbem-18379	93	8	t	t	NOUN
fbem-18379	93	9	-	-	PUNCT
fbem-18379	93	10	distribution	distribution	NOUN
fbem-18379	93	11	has	have	VERB
fbem-18379	93	12	larger	large	ADJ
fbem-18379	93	13	tail	tail	NOUN
fbem-18379	93	14	probabilities	probability	NOUN
fbem-18379	93	15	and	and	CCONJ
fbem-18379	93	16	better	well	ADV
fbem-18379	93	17	reflects	reflect	VERB
fbem-18379	93	18	extreme	extreme	ADJ
fbem-18379	93	19	events	event	NOUN
fbem-18379	93	20	in	in	ADP
fbem-18379	93	21	financial	financial	ADJ
fbem-18379	93	22	time	time	NOUN
fbem-18379	93	23	series	series	NOUN
fbem-18379	93	24	.	.	PUNCT
fbem-18379	94	1	therefore	therefore	ADV
fbem-18379	94	2	,	,	PUNCT
fbem-18379	94	3	introducing	introduce	VERB
fbem-18379	94	4	the	the	DET
fbem-18379	94	5	t	t	NOUN
fbem-18379	94	6	-	-	PUNCT
fbem-18379	94	7	distribution	distribution	NOUN
fbem-18379	94	8	into	into	ADP
fbem-18379	94	9	the	the	DET
fbem-18379	94	10	garch	garch	NOUN
fbem-18379	94	11	model	model	NOUN
fbem-18379	94	12	can	can	AUX
fbem-18379	94	13	more	more	ADV
fbem-18379	94	14	accurately	accurately	ADV
fbem-18379	94	15	capture	capture	VERB
fbem-18379	94	16	the	the	DET
fbem-18379	94	17	characteristics	characteristic	NOUN
fbem-18379	94	18	of	of	ADP
fbem-18379	94	19	volatility	volatility	NOUN
fbem-18379	94	20	.	.	PUNCT
fbem-18379	95	1	in	in	ADP
fbem-18379	95	2	addition	addition	NOUN
fbem-18379	95	3	,	,	PUNCT
fbem-18379	95	4	the	the	DET
fbem-18379	95	5	ged	ged	ADJ
fbem-18379	95	6	distribution	distribution	NOUN
fbem-18379	95	7	is	be	AUX
fbem-18379	95	8	suitable	suitable	ADJ
fbem-18379	95	9	for	for	ADP
fbem-18379	95	10	characterizing	characterize	VERB
fbem-18379	95	11	data	datum	NOUN
fbem-18379	95	12	with	with	ADP
fbem-18379	95	13	different	different	ADJ
fbem-18379	95	14	sharpness	sharpness	NOUN
fbem-18379	95	15	and	and	CCONJ
fbem-18379	95	16	thick	thick	ADJ
fbem-18379	95	17	tails	tail	NOUN
fbem-18379	95	18	.	.	PUNCT
fbem-18379	96	1	by	by	ADP
fbem-18379	96	2	introducing	introduce	VERB
fbem-18379	96	3	the	the	DET
fbem-18379	96	4	ged	ge	VERB
fbem-18379	96	5	distribution	distribution	NOUN
fbem-18379	96	6	,	,	PUNCT
fbem-18379	96	7	anomalies	anomaly	NOUN
fbem-18379	96	8	in	in	ADP
fbem-18379	96	9	financial	financial	ADJ
fbem-18379	96	10	time	time	NOUN
fbem-18379	96	11	series	series	PROPN
fbem-18379	96	12	can	can	AUX
fbem-18379	96	13	be	be	AUX
fbem-18379	96	14	better	well	ADV
fbem-18379	96	15	modeled	model	VERB
fbem-18379	96	16	.	.	PUNCT
fbem-18379	97	1	in	in	ADP
fbem-18379	97	2	this	this	DET
fbem-18379	97	3	study	study	NOUN
fbem-18379	97	4	,	,	PUNCT
fbem-18379	97	5	we	we	PRON
fbem-18379	97	6	will	will	AUX
fbem-18379	97	7	use	use	VERB
fbem-18379	97	8	the	the	DET
fbem-18379	97	9	t	t	NOUN
fbem-18379	97	10	-	-	PUNCT
fbem-18379	97	11	distribution	distribution	NOUN
fbem-18379	97	12	and	and	CCONJ
fbem-18379	97	13	the	the	DET
fbem-18379	97	14	ged	ge	VERB
fbem-18379	97	15	distribution	distribution	NOUN
fbem-18379	97	16	to	to	PART
fbem-18379	97	17	fit	fit	VERB
fbem-18379	97	18	these	these	DET
fbem-18379	97	19	residual	residual	ADJ
fbem-18379	97	20	series	series	NOUN
fbem-18379	97	21	and	and	CCONJ
fbem-18379	97	22	calculate	calculate	VERB
fbem-18379	97	23	the	the	DET
fbem-18379	97	24	corresponding	corresponding	ADJ
fbem-18379	97	25	parameter	parameter	NOUN
fbem-18379	97	26	estimates	estimate	NOUN
fbem-18379	97	27	.	.	PUNCT
fbem-18379	98	1	by	by	ADP
fbem-18379	98	2	comparing	compare	VERB
fbem-18379	98	3	the	the	DET
fbem-18379	98	4	fitting	fitting	ADJ
fbem-18379	98	5	results	result	NOUN
fbem-18379	98	6	using	use	VERB
fbem-18379	98	7	different	different	ADJ
fbem-18379	98	8	forms	form	NOUN
fbem-18379	98	9	of	of	ADP
fbem-18379	98	10	distributions	distribution	NOUN
fbem-18379	98	11	,	,	PUNCT
fbem-18379	98	12	we	we	PRON
fbem-18379	98	13	can	can	AUX
fbem-18379	98	14	assess	assess	VERB
fbem-18379	98	15	their	their	PRON
fbem-18379	98	16	performance	performance	NOUN
fbem-18379	98	17	in	in	ADP
fbem-18379	98	18	capturing	capture	VERB
fbem-18379	98	19	volatility	volatility	NOUN
fbem-18379	98	20	characteristics	characteristic	NOUN
fbem-18379	98	21	.	.	PUNCT
fbem-18379	99	1	in	in	ADP
fbem-18379	99	2	this	this	DET
fbem-18379	99	3	paper	paper	NOUN
fbem-18379	99	4	,	,	PUNCT
fbem-18379	99	5	we	we	PRON
fbem-18379	99	6	use	use	VERB
fbem-18379	99	7	the	the	DET
fbem-18379	99	8	garch(1,1	garch(1,1	NOUN
fbem-18379	99	9	)	)	PUNCT
fbem-18379	99	10	family	family	NOUN
fbem-18379	99	11	of	of	ADP
fbem-18379	99	12	models	model	NOUN
fbem-18379	99	13	for	for	ADP
fbem-18379	99	14	the	the	DET
fbem-18379	99	15	fitting	fitting	ADJ
fbem-18379	99	16	,	,	PUNCT
fbem-18379	99	17	and	and	CCONJ
fbem-18379	99	18	the	the	DET
fbem-18379	99	19	results	result	NOUN
fbem-18379	99	20	are	be	AUX
fbem-18379	99	21	detailed	detail	VERB
fbem-18379	99	22	in	in	ADP
fbem-18379	99	23	tables	table	NOUN
fbem-18379	99	24	3	3	NUM
fbem-18379	99	25	and	and	CCONJ
fbem-18379	99	26	4	4	NUM
fbem-18379	99	27	.	.	NOUN
fbem-18379	99	28	table	table	NOUN
fbem-18379	99	29	3	3	NUM
fbem-18379	99	30	.	.	PUNCT
fbem-18379	100	1	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	100	2	model	model	PROPN
fbem-18379	100	3	fitting	fitting	PROPN
fbem-18379	100	4	results	result	NOUN
fbem-18379	100	5	variable	variable	ADJ
fbem-18379	100	6	coefficie	coefficie	VERB
fbem-18379	100	7	nt	nt	ADP
fbem-18379	100	8	std	std	PROPN
fbem-18379	100	9	.	.	PUNCT
fbem-18379	101	1	error	error	NOUN
fbem-18379	101	2	zstatistic	zstatistic	NOUN
fbem-18379	101	3	prob	prob	NOUN
fbem-18379	101	4	.	.	PUNCT
fbem-18379	102	1	c	c	PROPN
fbem-18379	102	2	0.0010	0.0010	NUM
fbem-18379	102	3	0.0006	0.0006	NUM
fbem-18379	102	4	1.8443	1.8443	NUM
fbem-18379	102	5	0.0651	0.0651	NUM
fbem-18379	102	6	variance	variance	NOUN
fbem-18379	102	7	equation	equation	NOUN
fbem-18379	102	8	c	c	NOUN
fbem-18379	102	9	0.0000	0.0000	NUM
fbem-18379	102	10	0.0000	0.0000	NUM
fbem-18379	102	11	2.6040	2.6040	NUM
fbem-18379	102	12	0.0092	0.0092	NUM
fbem-18379	103	1	resid(-1)^2	resid(-1)^2	PROPN
fbem-18379	103	2	0.1004	0.1004	NUM
fbem-18379	103	3	0.0215	0.0215	NUM
fbem-18379	103	4	4.6803	4.6803	NUM
fbem-18379	103	5	0.0000	0.0000	NUM
fbem-18379	103	6	garch(-1	garch(-1	NOUN
fbem-18379	103	7	)	)	PUNCT
fbem-18379	103	8	0.8757	0.8757	NUM
fbem-18379	103	9	0.0253	0.0253	NUM
fbem-18379	103	10	34.6782	34.6782	NUM
fbem-18379	103	11	0.0000	0.0000	NUM
fbem-18379	103	12	t	t	NOUN
fbem-18379	103	13	-	-	PUNCT
fbem-18379	103	14	dist	dist	NOUN
fbem-18379	103	15	.	.	PUNCT
fbem-18379	104	1	dof	dof	NOUN
fbem-18379	104	2	6.1468	6.1468	NUM
fbem-18379	104	3	1.2041	1.2041	NUM
fbem-18379	104	4	5.1048	5.1048	NUM
fbem-18379	104	5	0.0000	0.0000	NUM
fbem-18379	104	6	r	r	NOUN
fbem-18379	104	7	-	-	PUNCT
fbem-18379	104	8	squared	square	VERB
fbem-18379	104	9	-0.0013	-0.0013	ADJ
fbem-18379	104	10	akaike	akaike	ADJ
fbem-18379	104	11	info	info	NOUN
fbem-18379	104	12	criterion	criterion	NOUN
fbem-18379	104	13	-4.7858	-4.7858	PUNCT
fbem-18379	105	1	schwarz	schwarz	PROPN
fbem-18379	105	2	criterion	criterion	NOUN
fbem-18379	105	3	-4.7649	-4.7649	NOUN
fbem-18379	105	4	table	table	PROPN
fbem-18379	105	5	4	4	NUM
fbem-18379	105	6	.	.	PUNCT
fbem-18379	106	1	garch(1,1)-ged	garch(1,1)-ged	ADJ
fbem-18379	106	2	model	model	NOUN
fbem-18379	106	3	fitting	fitting	ADJ
fbem-18379	106	4	effects	effect	NOUN
fbem-18379	106	5	variable	variable	ADJ
fbem-18379	106	6	coefficient	coefficient	NOUN
fbem-18379	106	7	std	std	PROPN
fbem-18379	106	8	.	.	PUNCT
fbem-18379	106	9	error	error	NOUN
fbem-18379	106	10	zstatistic	zstatistic	NOUN
fbem-18379	106	11	prob	prob	NOUN
fbem-18379	106	12	.	.	PUNCT
fbem-18379	107	1	c	c	PROPN
fbem-18379	107	2	0.0011	0.0011	NUM
fbem-18379	107	3	0.0006	0.0006	NUM
fbem-18379	107	4	1.9442	1.9442	NUM
fbem-18379	107	5	0.0519	0.0519	NUM
fbem-18379	107	6	variance	variance	NOUN
fbem-18379	107	7	equation	equation	NOUN
fbem-18379	107	8	c	c	NOUN
fbem-18379	107	9	0.0000	0.0000	NUM
fbem-18379	107	10	0.0000	0.0000	NUM
fbem-18379	107	11	2.6818	2.6818	NUM
fbem-18379	107	12	0.0073	0.0073	NUM
fbem-18379	108	1	resid(-1)^2	resid(-1)^2	NUM
fbem-18379	108	2	0.1062	0.1062	NUM
fbem-18379	109	1	0.0227	0.0227	NUM
fbem-18379	109	2	4.6861	4.6861	NUM
fbem-18379	109	3	0.0000	0.0000	NUM
fbem-18379	109	4	garch(-1	garch(-1	NOUN
fbem-18379	109	5	)	)	PUNCT
fbem-18379	109	6	0.8646	0.8646	NUM
fbem-18379	109	7	0.0276	0.0276	NUM
fbem-18379	109	8	31.2982	31.2982	NUM
fbem-18379	109	9	0.0000	0.0000	NUM
fbem-18379	109	10	ged	ge	VERB
fbem-18379	109	11	parameter	parameter	NOUN
fbem-18379	109	12	1.3777	1.3777	NUM
fbem-18379	109	13	0.0760	0.0760	NUM
fbem-18379	109	14	18.1331	18.1331	NUM
fbem-18379	109	15	0.0000	0.0000	NUM
fbem-18379	109	16	r	r	NOUN
fbem-18379	109	17	-	-	PUNCT
fbem-18379	109	18	squared	square	VERB
fbem-18379	109	19	-0.0014	-0.0014	NOUN
fbem-18379	109	20	akaike	akaike	ADP
fbem-18379	109	21	info	info	NOUN
fbem-18379	109	22	criterion	criterion	NOUN
fbem-18379	109	23	-4.7840	-4.7840	NOUN
fbem-18379	110	1	schwarz	schwarz	PROPN
fbem-18379	110	2	criterion	criterion	NOUN
fbem-18379	110	3	-4.7630	-4.7630	PROPN
fbem-18379	110	4	373	373	NUM
fbem-18379	110	5	in	in	ADP
fbem-18379	110	6	the	the	DET
fbem-18379	110	7	garch(1,1)-t	garch(1,1)-t	NOUN
fbem-18379	110	8	and	and	CCONJ
fbem-18379	110	9	garch(1,1)-ged	garch(1,1)-ged	ADJ
fbem-18379	110	10	models	model	NOUN
fbem-18379	110	11	,	,	PUNCT
fbem-18379	110	12	both	both	CCONJ
fbem-18379	110	13	the	the	DET
fbem-18379	110	14	arch	arch	ADJ
fbem-18379	110	15	and	and	CCONJ
fbem-18379	110	16	garch	garch	NOUN
fbem-18379	110	17	terms	term	NOUN
fbem-18379	110	18	in	in	ADP
fbem-18379	110	19	the	the	DET
fbem-18379	110	20	yield	yield	NOUN
fbem-18379	110	21	conditional	conditional	ADJ
fbem-18379	110	22	variance	variance	NOUN
fbem-18379	110	23	equations	equation	NOUN
fbem-18379	110	24	are	be	AUX
fbem-18379	110	25	significantly	significantly	ADV
fbem-18379	110	26	non	non	ADJ
fbem-18379	110	27	-	-	ADJ
fbem-18379	110	28	zero	zero	NUM
fbem-18379	110	29	,	,	PUNCT
fbem-18379	110	30	indicating	indicate	VERB
fbem-18379	110	31	volatility	volatility	NOUN
fbem-18379	110	32	clustering	clustering	NOUN
fbem-18379	110	33	of	of	ADP
fbem-18379	110	34	the	the	DET
fbem-18379	110	35	yield	yield	NOUN
fbem-18379	110	36	series.the	series.the	DET
fbem-18379	110	37	sum	sum	NOUN
fbem-18379	110	38	of	of	ADP
fbem-18379	110	39	the	the	DET
fbem-18379	110	40	coefficients	coefficient	NOUN
fbem-18379	110	41	of	of	ADP
fbem-18379	110	42	the	the	DET
fbem-18379	110	43	arch	arch	ADJ
fbem-18379	110	44	term	term	NOUN
fbem-18379	110	45	and	and	CCONJ
fbem-18379	110	46	the	the	DET
fbem-18379	110	47	garch	garch	NOUN
fbem-18379	110	48	term	term	NOUN
fbem-18379	110	49	are	be	AUX
fbem-18379	110	50	0.9761	0.9761	NUM
fbem-18379	110	51	and	and	CCONJ
fbem-18379	110	52	0.9708	0.9708	NUM
fbem-18379	110	53	,	,	PUNCT
fbem-18379	110	54	respectively	respectively	ADV
fbem-18379	110	55	,	,	PUNCT
fbem-18379	110	56	which	which	PRON
fbem-18379	110	57	are	be	AUX
fbem-18379	110	58	less	less	ADJ
fbem-18379	110	59	than	than	ADP
fbem-18379	110	60	1	1	NUM
fbem-18379	110	61	.	.	PUNCT
fbem-18379	111	1	thus	thus	ADV
fbem-18379	111	2	,	,	PUNCT
fbem-18379	111	3	the	the	DET
fbem-18379	111	4	garch(1,1)-t	garch(1,1)-t	NOUN
fbem-18379	111	5	and	and	CCONJ
fbem-18379	111	6	garch(1,1)-ged	garch(1,1)-ged	ADJ
fbem-18379	111	7	processes	process	NOUN
fbem-18379	111	8	are	be	AUX
fbem-18379	111	9	smooth	smooth	ADJ
fbem-18379	111	10	but	but	CCONJ
fbem-18379	111	11	indicate	indicate	VERB
fbem-18379	111	12	high	high	ADJ
fbem-18379	111	13	volatility	volatility	NOUN
fbem-18379	111	14	persistence	persistence	NOUN
fbem-18379	111	15	.	.	PUNCT
fbem-18379	112	1	the	the	DET
fbem-18379	112	2	results	result	NOUN
fbem-18379	112	3	show	show	VERB
fbem-18379	112	4	that	that	SCONJ
fbem-18379	112	5	both	both	DET
fbem-18379	112	6	models	model	NOUN
fbem-18379	112	7	capture	capture	VERB
fbem-18379	112	8	the	the	DET
fbem-18379	112	9	volatility	volatility	NOUN
fbem-18379	112	10	clustering	clustering	NOUN
fbem-18379	112	11	of	of	ADP
fbem-18379	112	12	the	the	DET
fbem-18379	112	13	return	return	NOUN
fbem-18379	112	14	series	series	NOUN
fbem-18379	112	15	well	well	ADV
fbem-18379	112	16	.	.	PUNCT
fbem-18379	113	1	however	however	ADV
fbem-18379	113	2	,	,	PUNCT
fbem-18379	113	3	by	by	ADP
fbem-18379	113	4	comparing	compare	VERB
fbem-18379	113	5	the	the	DET
fbem-18379	113	6	information	information	NOUN
fbem-18379	113	7	criterion	criterion	NOUN
fbem-18379	113	8	values	value	NOUN
fbem-18379	113	9	of	of	ADP
fbem-18379	113	10	the	the	DET
fbem-18379	113	11	two	two	NUM
fbem-18379	113	12	models	model	NOUN
fbem-18379	113	13	,	,	PUNCT
fbem-18379	113	14	we	we	PRON
fbem-18379	113	15	find	find	VERB
fbem-18379	113	16	that	that	SCONJ
fbem-18379	113	17	the	the	DET
fbem-18379	113	18	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	113	19	model	model	NOUN
fbem-18379	113	20	has	have	VERB
fbem-18379	113	21	smaller	small	ADJ
fbem-18379	113	22	aic	aic	PROPN
fbem-18379	113	23	and	and	CCONJ
fbem-18379	113	24	sc	sc	PROPN
fbem-18379	113	25	values	value	NOUN
fbem-18379	113	26	,	,	PUNCT
fbem-18379	113	27	indicating	indicate	VERB
fbem-18379	113	28	that	that	SCONJ
fbem-18379	113	29	it	it	PRON
fbem-18379	113	30	outperforms	outperform	VERB
fbem-18379	113	31	the	the	DET
fbem-18379	113	32	garch(1,1)-ged	garch(1,1)-ged	ADJ
fbem-18379	113	33	model	model	NOUN
fbem-18379	113	34	in	in	ADP
fbem-18379	113	35	terms	term	NOUN
fbem-18379	113	36	of	of	ADP
fbem-18379	113	37	fitting	fitting	ADJ
fbem-18379	113	38	effectiveness	effectiveness	NOUN
fbem-18379	113	39	.	.	PUNCT
fbem-18379	114	1	this	this	PRON
fbem-18379	114	2	implies	imply	VERB
fbem-18379	114	3	that	that	SCONJ
fbem-18379	114	4	the	the	DET
fbem-18379	114	5	tdistribution	tdistribution	NOUN
fbem-18379	114	6	assumption	assumption	NOUN
fbem-18379	114	7	explains	explain	VERB
fbem-18379	114	8	the	the	DET
fbem-18379	114	9	volatility	volatility	NOUN
fbem-18379	114	10	better	well	ADV
fbem-18379	114	11	when	when	SCONJ
fbem-18379	114	12	considering	consider	VERB
fbem-18379	114	13	the	the	DET
fbem-18379	114	14	thick	thick	ADJ
fbem-18379	114	15	-	-	PUNCT
fbem-18379	114	16	tailed	tail	VERB
fbem-18379	114	17	feature	feature	NOUN
fbem-18379	114	18	of	of	ADP
fbem-18379	114	19	asset	asset	NOUN
fbem-18379	114	20	returns	return	NOUN
fbem-18379	114	21	.	.	PUNCT
fbem-18379	115	1	therefore	therefore	ADV
fbem-18379	115	2	,	,	PUNCT
fbem-18379	115	3	the	the	DET
fbem-18379	115	4	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	115	5	model	model	NOUN
fbem-18379	115	6	performs	perform	VERB
fbem-18379	115	7	better	well	ADV
fbem-18379	115	8	in	in	ADP
fbem-18379	115	9	fitting	fit	VERB
fbem-18379	115	10	the	the	DET
fbem-18379	115	11	return	return	NOUN
fbem-18379	115	12	series	series	NOUN
fbem-18379	115	13	.	.	PUNCT
fbem-18379	116	1	4.1.2	4.1.2	X
fbem-18379	116	2	.	.	PUNCT
fbem-18379	116	3	residuals	residual	NOUN
fbem-18379	116	4	arch	arch	ADJ
fbem-18379	116	5	-	-	PUNCT
fbem-18379	116	6	lm	lm	NOUN
fbem-18379	116	7	test	test	NOUN
fbem-18379	116	8	backtest	backt	ADJ
fbem-18379	116	9	table	table	NOUN
fbem-18379	116	10	5	5	NUM
fbem-18379	116	11	.	.	PUNCT
fbem-18379	117	1	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	117	2	model	model	PROPN
fbem-18379	117	3	residual	residual	ADJ
fbem-18379	117	4	arch	arch	ADJ
fbem-18379	117	5	test	test	NOUN
fbem-18379	117	6	heteroscedasticity	heteroscedasticity	PROPN
fbem-18379	117	7	test	test	NOUN
fbem-18379	117	8	:	:	PUNCT
fbem-18379	117	9	arch	arch	VERB
fbem-18379	117	10	f	f	X
fbem-18379	117	11	-	-	PUNCT
fbem-18379	117	12	statistic	statistic	ADJ
fbem-18379	117	13	0.4369	0.4369	NUM
fbem-18379	117	14	prob	prob	NOUN
fbem-18379	117	15	.	.	PUNCT
fbem-18379	117	16	f(1,1216	f(1,1216	PROPN
fbem-18379	117	17	)	)	PUNCT
fbem-18379	117	18	0.5087	0.5087	NUM
fbem-18379	117	19	obs*r	obs*r	NOUN
fbem-18379	117	20	-	-	PUNCT
fbem-18379	117	21	squared	square	VERB
fbem-18379	117	22	0.4375	0.4375	NUM
fbem-18379	117	23	prob	prob	NOUN
fbem-18379	117	24	.	.	PUNCT
fbem-18379	118	1	chi	chi	PROPN
fbem-18379	118	2	-	-	PUNCT
fbem-18379	118	3	square(1	square(1	PROPN
fbem-18379	118	4	)	)	PUNCT
fbem-18379	118	5	0.5083	0.5083	NUM
fbem-18379	118	6	in	in	ADP
fbem-18379	118	7	order	order	NOUN
fbem-18379	118	8	to	to	PART
fbem-18379	118	9	verify	verify	VERB
fbem-18379	118	10	the	the	DET
fbem-18379	118	11	validity	validity	NOUN
fbem-18379	118	12	of	of	ADP
fbem-18379	118	13	the	the	DET
fbem-18379	118	14	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	118	15	model	model	PROPN
fbem-18379	118	16	,	,	PUNCT
fbem-18379	118	17	the	the	DET
fbem-18379	118	18	residuals	residual	NOUN
fbem-18379	118	19	are	be	AUX
fbem-18379	118	20	backtested	backteste	VERB
fbem-18379	118	21	by	by	ADP
fbem-18379	118	22	arch	arch	ADJ
fbem-18379	118	23	-	-	PUNCT
fbem-18379	118	24	lm	lm	NOUN
fbem-18379	118	25	test	test	NOUN
fbem-18379	118	26	,	,	PUNCT
fbem-18379	118	27	and	and	CCONJ
fbem-18379	118	28	the	the	DET
fbem-18379	118	29	results	result	NOUN
fbem-18379	118	30	are	be	AUX
fbem-18379	118	31	shown	show	VERB
fbem-18379	118	32	in	in	ADP
fbem-18379	118	33	table	table	NOUN
fbem-18379	118	34	5	5	NUM
fbem-18379	118	35	.	.	PUNCT
fbem-18379	119	1	the	the	DET
fbem-18379	119	2	test	test	NOUN
fbem-18379	119	3	results	result	NOUN
fbem-18379	119	4	show	show	VERB
fbem-18379	119	5	that	that	SCONJ
fbem-18379	119	6	the	the	DET
fbem-18379	119	7	value	value	NOUN
fbem-18379	119	8	of	of	ADP
fbem-18379	119	9	the	the	DET
fbem-18379	119	10	lm	lm	PROPN
fbem-18379	119	11	statistic	statistic	NOUN
fbem-18379	119	12	is	be	AUX
fbem-18379	119	13	0.4369	0.4369	NUM
fbem-18379	119	14	and	and	CCONJ
fbem-18379	119	15	the	the	DET
fbem-18379	119	16	concomitant	concomitant	ADJ
fbem-18379	119	17	probability	probability	NOUN
fbem-18379	119	18	approximates	approximate	VERB
fbem-18379	119	19	0.5087	0.5087	NUM
fbem-18379	119	20	,	,	PUNCT
fbem-18379	119	21	which	which	PRON
fbem-18379	119	22	is	be	AUX
fbem-18379	119	23	greater	great	ADJ
fbem-18379	119	24	than	than	ADP
fbem-18379	119	25	the	the	DET
fbem-18379	119	26	significance	significance	NOUN
fbem-18379	119	27	level	level	NOUN
fbem-18379	119	28	of	of	ADP
fbem-18379	119	29	0.05	0.05	NUM
fbem-18379	119	30	,	,	PUNCT
fbem-18379	119	31	therefore	therefore	ADV
fbem-18379	119	32	,	,	PUNCT
fbem-18379	119	33	it	it	PRON
fbem-18379	119	34	is	be	AUX
fbem-18379	119	35	not	not	PART
fbem-18379	119	36	possible	possible	ADJ
fbem-18379	119	37	to	to	PART
fbem-18379	119	38	reject	reject	VERB
fbem-18379	119	39	the	the	DET
fbem-18379	119	40	original	original	ADJ
fbem-18379	119	41	hypothesis	hypothesis	NOUN
fbem-18379	119	42	that	that	PRON
fbem-18379	119	43	the	the	DET
fbem-18379	119	44	logarithmic	logarithmic	ADJ
fbem-18379	119	45	return	return	NOUN
fbem-18379	119	46	of	of	ADP
fbem-18379	119	47	shanghai	shanghai	PROPN
fbem-18379	119	48	crude	crude	PROPN
fbem-18379	119	49	oil	oil	NOUN
fbem-18379	119	50	futures	future	NOUN
fbem-18379	119	51	does	do	AUX
fbem-18379	119	52	not	not	PART
fbem-18379	119	53	have	have	VERB
fbem-18379	119	54	significant	significant	ADJ
fbem-18379	119	55	arch	arch	ADJ
fbem-18379	119	56	effect	effect	NOUN
fbem-18379	119	57	,	,	PUNCT
fbem-18379	119	58	which	which	PRON
fbem-18379	119	59	suggests	suggest	VERB
fbem-18379	119	60	that	that	SCONJ
fbem-18379	119	61	heteroscedasticity	heteroscedasticity	NOUN
fbem-18379	119	62	has	have	AUX
fbem-18379	119	63	been	be	AUX
fbem-18379	119	64	eliminated	eliminate	VERB
fbem-18379	119	65	after	after	ADP
fbem-18379	119	66	fitting	fitting	ADJ
fbem-18379	119	67	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	119	68	model	model	PROPN
fbem-18379	119	69	,	,	PUNCT
fbem-18379	119	70	which	which	PRON
fbem-18379	119	71	can	can	AUX
fbem-18379	119	72	be	be	AUX
fbem-18379	119	73	carried	carry	VERB
fbem-18379	119	74	out	out	ADP
fbem-18379	119	75	the	the	DET
fbem-18379	119	76	next	next	ADJ
fbem-18379	119	77	model	model	NOUN
fbem-18379	119	78	forecast	forecast	PROPN
fbem-18379	119	79	.	.	PUNCT
fbem-18379	120	1	it	it	PRON
fbem-18379	120	2	indicates	indicate	VERB
fbem-18379	120	3	that	that	SCONJ
fbem-18379	120	4	after	after	ADP
fbem-18379	120	5	fitting	fit	VERB
fbem-18379	120	6	the	the	DET
fbem-18379	120	7	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	120	8	model	model	NOUN
fbem-18379	120	9	to	to	ADP
fbem-18379	120	10	the	the	DET
fbem-18379	120	11	logarithmic	logarithmic	ADJ
fbem-18379	120	12	return	return	NOUN
fbem-18379	120	13	of	of	ADP
fbem-18379	120	14	shanghai	shanghai	PROPN
fbem-18379	120	15	crude	crude	PROPN
fbem-18379	120	16	oil	oil	NOUN
fbem-18379	120	17	futures	future	NOUN
fbem-18379	120	18	,	,	PUNCT
fbem-18379	120	19	the	the	DET
fbem-18379	120	20	heteroskedasticity	heteroskedasticity	NOUN
fbem-18379	120	21	has	have	AUX
fbem-18379	120	22	been	be	AUX
fbem-18379	120	23	eliminated	eliminate	VERB
fbem-18379	120	24	and	and	CCONJ
fbem-18379	120	25	the	the	DET
fbem-18379	120	26	next	next	ADJ
fbem-18379	120	27	model	model	NOUN
fbem-18379	120	28	prediction	prediction	NOUN
fbem-18379	120	29	can	can	AUX
fbem-18379	120	30	be	be	AUX
fbem-18379	120	31	carried	carry	VERB
fbem-18379	120	32	out	out	ADP
fbem-18379	120	33	.	.	PUNCT
fbem-18379	121	1	4.2	4.2	NUM
fbem-18379	121	2	.	.	PUNCT
fbem-18379	122	1	model	model	NOUN
fbem-18379	122	2	projections	projection	NOUN
fbem-18379	122	3	4.2.1	4.2.1	NUM
fbem-18379	122	4	.	.	PUNCT
fbem-18379	123	1	analysis	analysis	NOUN
fbem-18379	123	2	of	of	ADP
fbem-18379	123	3	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	123	4	model	model	NOUN
fbem-18379	123	5	prediction	prediction	NOUN
fbem-18379	123	6	results	result	NOUN
fbem-18379	123	7	figure	figure	VERB
fbem-18379	123	8	7	7	NUM
fbem-18379	123	9	.	.	NOUN
fbem-18379	123	10	ten	ten	NUM
fbem-18379	123	11	-	-	PUNCT
fbem-18379	123	12	period	period	NOUN
fbem-18379	123	13	prediction	prediction	NOUN
fbem-18379	123	14	results	result	NOUN
fbem-18379	123	15	of	of	ADP
fbem-18379	123	16	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	123	17	model	model	NOUN
fbem-18379	123	18	table	table	NOUN
fbem-18379	123	19	6	6	NUM
fbem-18379	123	20	.	.	PUNCT
fbem-18379	124	1	indicators	indicator	NOUN
fbem-18379	124	2	for	for	ADP
fbem-18379	124	3	comparison	comparison	NOUN
fbem-18379	124	4	of	of	ADP
fbem-18379	124	5	projected	project	VERB
fbem-18379	124	6	results	result	NOUN
fbem-18379	124	7	comparative	comparative	ADJ
fbem-18379	124	8	indicators	indicator	NOUN
fbem-18379	124	9	value	value	VERB
fbem-18379	124	10	rmse	rmse	PROPN
fbem-18379	124	11	14.4156	14.4156	NUM
fbem-18379	124	12	mae	mae	PROPN
fbem-18379	124	13	8.3466	8.3466	NUM
fbem-18379	124	14	mape	mape	NOUN
fbem-18379	124	15	1.4411	1.4411	NUM
fbem-18379	124	16	the	the	DET
fbem-18379	124	17	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	124	18	model	model	NOUN
fbem-18379	124	19	was	be	AUX
fbem-18379	124	20	used	use	VERB
fbem-18379	124	21	to	to	PART
fbem-18379	124	22	successfully	successfully	ADV
fbem-18379	124	23	predict	predict	VERB
fbem-18379	124	24	the	the	DET
fbem-18379	124	25	closing	closing	NOUN
fbem-18379	124	26	prices	price	NOUN
fbem-18379	124	27	for	for	ADP
fbem-18379	124	28	the	the	DET
fbem-18379	124	29	ten	ten	NUM
fbem-18379	124	30	trading	trading	NOUN
fbem-18379	124	31	days	day	NOUN
fbem-18379	124	32	from	from	ADP
fbem-18379	124	33	3	3	NUM
fbem-18379	124	34	april	april	PROPN
fbem-18379	124	35	2023	2023	NUM
fbem-18379	124	36	to	to	ADP
fbem-18379	124	37	17	17	NUM
fbem-18379	124	38	april	april	PROPN
fbem-18379	124	39	2023	2023	NUM
fbem-18379	124	40	with	with	ADP
fbem-18379	124	41	high	high	ADJ
fbem-18379	124	42	prediction	prediction	NOUN
fbem-18379	124	43	accuracy	accuracy	NOUN
fbem-18379	124	44	and	and	CCONJ
fbem-18379	124	45	good	good	ADJ
fbem-18379	124	46	model	model	NOUN
fbem-18379	124	47	fit	fit	NOUN
fbem-18379	124	48	(	(	PUNCT
fbem-18379	124	49	see	see	VERB
fbem-18379	124	50	figure	figure	NOUN
fbem-18379	124	51	7	7	NUM
fbem-18379	124	52	and	and	CCONJ
fbem-18379	124	53	table	table	NOUN
fbem-18379	124	54	6	6	NUM
fbem-18379	124	55	)	)	PUNCT
fbem-18379	124	56	.	.	PUNCT
fbem-18379	125	1	the	the	DET
fbem-18379	125	2	results	result	NOUN
fbem-18379	125	3	of	of	ADP
fbem-18379	125	4	this	this	DET
fbem-18379	125	5	study	study	NOUN
fbem-18379	125	6	indicate	indicate	VERB
fbem-18379	125	7	that	that	SCONJ
fbem-18379	125	8	the	the	DET
fbem-18379	125	9	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	125	10	model	model	NOUN
fbem-18379	125	11	has	have	VERB
fbem-18379	125	12	potential	potential	NOUN
fbem-18379	125	13	for	for	ADP
fbem-18379	125	14	practical	practical	ADJ
fbem-18379	125	15	application	application	NOUN
fbem-18379	125	16	in	in	ADP
fbem-18379	125	17	the	the	DET
fbem-18379	125	18	prediction	prediction	NOUN
fbem-18379	125	19	of	of	ADP
fbem-18379	125	20	closing	closing	NOUN
fbem-18379	125	21	prices	price	NOUN
fbem-18379	125	22	in	in	ADP
fbem-18379	125	23	financial	financial	ADJ
fbem-18379	125	24	markets	market	NOUN
fbem-18379	125	25	.	.	PUNCT
fbem-18379	126	1	4.2.2	4.2.2	X
fbem-18379	126	2	.	.	PUNCT
fbem-18379	126	3	comparative	comparative	ADJ
fbem-18379	126	4	analysis	analysis	NOUN
fbem-18379	126	5	figure	figure	NOUN
fbem-18379	126	6	8	8	NUM
fbem-18379	126	7	.	.	PUNCT
fbem-18379	126	8	forecast	forecast	PROPN
fbem-18379	126	9	vs.	vs.	ADP
fbem-18379	126	10	actual	actual	ADJ
fbem-18379	126	11	shanghai	shanghai	PROPN
fbem-18379	126	12	crude	crude	PROPN
fbem-18379	126	13	oil	oil	PROPN
fbem-18379	126	14	futures	future	NOUN
fbem-18379	126	15	closing	closing	NOUN
fbem-18379	126	16	prices	price	NOUN
fbem-18379	126	17	374	374	NUM
fbem-18379	126	18	the	the	DET
fbem-18379	126	19	closing	closing	NOUN
fbem-18379	126	20	price	price	NOUN
fbem-18379	126	21	of	of	ADP
fbem-18379	126	22	shanghai	shanghai	PROPN
fbem-18379	126	23	crude	crude	PROPN
fbem-18379	126	24	oil	oil	NOUN
fbem-18379	126	25	futures	future	NOUN
fbem-18379	126	26	predicted	predict	VERB
fbem-18379	126	27	by	by	ADP
fbem-18379	126	28	the	the	DET
fbem-18379	126	29	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	126	30	model	model	NOUN
fbem-18379	126	31	is	be	AUX
fbem-18379	126	32	combined	combine	VERB
fbem-18379	126	33	with	with	ADP
fbem-18379	126	34	the	the	DET
fbem-18379	126	35	real	real	ADJ
fbem-18379	126	36	value	value	NOUN
fbem-18379	126	37	of	of	ADP
fbem-18379	126	38	the	the	DET
fbem-18379	126	39	test	test	NOUN
fbem-18379	126	40	set	set	NOUN
fbem-18379	126	41	,	,	PUNCT
fbem-18379	126	42	and	and	CCONJ
fbem-18379	126	43	the	the	DET
fbem-18379	126	44	comparative	comparative	ADJ
fbem-18379	126	45	time	time	NOUN
fbem-18379	126	46	series	series	PROPN
fbem-18379	126	47	is	be	AUX
fbem-18379	126	48	plotted	plot	VERB
fbem-18379	126	49	(	(	PUNCT
fbem-18379	126	50	see	see	VERB
fbem-18379	126	51	fig	fig	NOUN
fbem-18379	126	52	.	.	PUNCT
fbem-18379	127	1	8)	8)	NUM
fbem-18379	127	2	.	.	PUNCT
fbem-18379	128	1	the	the	DET
fbem-18379	128	2	results	result	NOUN
fbem-18379	128	3	show	show	VERB
fbem-18379	128	4	that	that	SCONJ
fbem-18379	128	5	the	the	DET
fbem-18379	128	6	predicted	predict	VERB
fbem-18379	128	7	value	value	NOUN
fbem-18379	128	8	of	of	ADP
fbem-18379	128	9	shanghai	shanghai	PROPN
fbem-18379	128	10	crude	crude	PROPN
fbem-18379	128	11	oil	oil	NOUN
fbem-18379	128	12	futures	future	NOUN
fbem-18379	128	13	closing	closing	NOUN
fbem-18379	128	14	price	price	NOUN
fbem-18379	128	15	is	be	AUX
fbem-18379	128	16	very	very	ADV
fbem-18379	128	17	close	close	ADJ
fbem-18379	128	18	to	to	ADP
fbem-18379	128	19	the	the	DET
fbem-18379	128	20	real	real	ADJ
fbem-18379	128	21	value	value	NOUN
fbem-18379	128	22	,	,	PUNCT
fbem-18379	128	23	and	and	CCONJ
fbem-18379	128	24	the	the	DET
fbem-18379	128	25	short	short	ADJ
fbem-18379	128	26	-	-	PUNCT
fbem-18379	128	27	term	term	NOUN
fbem-18379	128	28	prediction	prediction	NOUN
fbem-18379	128	29	effect	effect	NOUN
fbem-18379	128	30	of	of	ADP
fbem-18379	128	31	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	128	32	model	model	NOUN
fbem-18379	128	33	is	be	AUX
fbem-18379	128	34	better	well	ADJ
fbem-18379	128	35	.	.	PUNCT
fbem-18379	129	1	5	5	X
fbem-18379	129	2	.	.	X
fbem-18379	129	3	conclusion	conclusion	NOUN
fbem-18379	129	4	the	the	DET
fbem-18379	129	5	logarithmic	logarithmic	ADJ
fbem-18379	129	6	return	return	NOUN
fbem-18379	129	7	series	series	NOUN
fbem-18379	129	8	of	of	ADP
fbem-18379	129	9	shanghai	shanghai	PROPN
fbem-18379	129	10	crude	crude	PROPN
fbem-18379	129	11	oil	oil	NOUN
fbem-18379	129	12	futures	future	NOUN
fbem-18379	129	13	has	have	VERB
fbem-18379	129	14	"	"	PUNCT
fbem-18379	129	15	sharp	sharp	ADJ
fbem-18379	129	16	peaks	peak	NOUN
fbem-18379	129	17	and	and	CCONJ
fbem-18379	129	18	thick	thick	ADJ
fbem-18379	129	19	tails	tail	NOUN
fbem-18379	129	20	"	"	PUNCT
fbem-18379	129	21	and	and	CCONJ
fbem-18379	129	22	heteroskedasticity	heteroskedasticity	NOUN
fbem-18379	129	23	,	,	PUNCT
fbem-18379	129	24	i.e.	i.e.	X
fbem-18379	129	25	,	,	PUNCT
fbem-18379	129	26	it	it	PRON
fbem-18379	129	27	shows	show	VERB
fbem-18379	129	28	non	non	ADJ
fbem-18379	129	29	-	-	ADJ
fbem-18379	129	30	normal	normal	ADJ
fbem-18379	129	31	and	and	CCONJ
fbem-18379	129	32	non	non	ADJ
fbem-18379	129	33	-	-	ADJ
fbem-18379	129	34	constant	constant	ADJ
fbem-18379	129	35	characteristics	characteristic	NOUN
fbem-18379	129	36	in	in	ADP
fbem-18379	129	37	terms	term	NOUN
fbem-18379	129	38	of	of	ADP
fbem-18379	129	39	extreme	extreme	ADJ
fbem-18379	129	40	events	event	NOUN
fbem-18379	129	41	and	and	CCONJ
fbem-18379	129	42	volatility	volatility	NOUN
fbem-18379	129	43	.	.	PUNCT
fbem-18379	130	1	the	the	DET
fbem-18379	130	2	volatility	volatility	NOUN
fbem-18379	130	3	pattern	pattern	NOUN
fbem-18379	130	4	of	of	ADP
fbem-18379	130	5	shanghai	shanghai	PROPN
fbem-18379	130	6	crude	crude	PROPN
fbem-18379	130	7	oil	oil	NOUN
fbem-18379	130	8	futures	future	NOUN
fbem-18379	130	9	can	can	AUX
fbem-18379	130	10	be	be	AUX
fbem-18379	130	11	obtained	obtain	VERB
fbem-18379	130	12	through	through	ADP
fbem-18379	130	13	basic	basic	ADJ
fbem-18379	130	14	mining	mining	NOUN
fbem-18379	130	15	,	,	PUNCT
fbem-18379	130	16	showing	show	VERB
fbem-18379	130	17	relatively	relatively	ADV
fbem-18379	130	18	stable	stable	ADJ
fbem-18379	130	19	volatility	volatility	NOUN
fbem-18379	130	20	pattern	pattern	NOUN
fbem-18379	130	21	and	and	CCONJ
fbem-18379	130	22	market	market	NOUN
fbem-18379	130	23	response	response	NOUN
fbem-18379	130	24	.	.	PUNCT
fbem-18379	131	1	although	although	SCONJ
fbem-18379	131	2	there	there	PRON
fbem-18379	131	3	may	may	AUX
fbem-18379	131	4	be	be	AUX
fbem-18379	131	5	some	some	DET
fbem-18379	131	6	fluctuations	fluctuation	NOUN
fbem-18379	131	7	in	in	ADP
fbem-18379	131	8	the	the	DET
fbem-18379	131	9	short	short	ADJ
fbem-18379	131	10	term	term	NOUN
fbem-18379	131	11	,	,	PUNCT
fbem-18379	131	12	the	the	DET
fbem-18379	131	13	overall	overall	ADJ
fbem-18379	131	14	trend	trend	NOUN
fbem-18379	131	15	is	be	AUX
fbem-18379	131	16	upward	upward	ADJ
fbem-18379	131	17	.	.	PUNCT
fbem-18379	132	1	compared	compare	VERB
fbem-18379	132	2	with	with	ADP
fbem-18379	132	3	the	the	DET
fbem-18379	132	4	garch(1,1)-ged	garch(1,1)-ged	ADJ
fbem-18379	132	5	model	model	NOUN
fbem-18379	132	6	,	,	PUNCT
fbem-18379	132	7	the	the	DET
fbem-18379	132	8	use	use	NOUN
fbem-18379	132	9	of	of	ADP
fbem-18379	132	10	the	the	DET
fbem-18379	132	11	garch(1,1)-t	garch(1,1)-t	PROPN
fbem-18379	132	12	model	model	NOUN
fbem-18379	132	13	can	can	AUX
fbem-18379	132	14	reflect	reflect	VERB
fbem-18379	132	15	its	its	PRON
fbem-18379	132	16	volatility	volatility	NOUN
fbem-18379	132	17	trend	trend	NOUN
fbem-18379	132	18	well	well	ADV
fbem-18379	132	19	,	,	PUNCT
fbem-18379	132	20	and	and	CCONJ
fbem-18379	132	21	the	the	DET
fbem-18379	132	22	average	average	ADJ
fbem-18379	132	23	percentage	percentage	NOUN
fbem-18379	132	24	error	error	NOUN
fbem-18379	132	25	of	of	ADP
fbem-18379	132	26	the	the	DET
fbem-18379	132	27	prediction	prediction	NOUN
fbem-18379	132	28	model	model	NOUN
fbem-18379	132	29	is	be	AUX
fbem-18379	132	30	only	only	ADV
fbem-18379	132	31	1.4411	1.4411	NUM
fbem-18379	132	32	%	%	NOUN
fbem-18379	132	33	.	.	PUNCT
fbem-18379	133	1	the	the	DET
fbem-18379	133	2	static	static	ADJ
fbem-18379	133	3	prediction	prediction	NOUN
fbem-18379	133	4	results	result	NOUN
fbem-18379	133	5	and	and	CCONJ
fbem-18379	133	6	the	the	DET
fbem-18379	133	7	numerical	numerical	ADJ
fbem-18379	133	8	values	value	NOUN
fbem-18379	133	9	of	of	ADP
fbem-18379	133	10	the	the	DET
fbem-18379	133	11	prediction	prediction	NOUN
fbem-18379	133	12	indexes	index	NOUN
fbem-18379	133	13	validate	validate	VERB
fbem-18379	133	14	the	the	DET
fbem-18379	133	15	model	model	NOUN
fbem-18379	133	16	's	's	PART
fbem-18379	133	17	accuracy	accuracy	NOUN
fbem-18379	133	18	and	and	CCONJ
fbem-18379	133	19	reliability	reliability	NOUN
fbem-18379	133	20	in	in	ADP
fbem-18379	133	21	predicting	predict	VERB
fbem-18379	133	22	the	the	DET
fbem-18379	133	23	volatility	volatility	NOUN
fbem-18379	133	24	of	of	ADP
fbem-18379	133	25	shanghai	shanghai	PROPN
fbem-18379	133	26	crude	crude	PROPN
fbem-18379	133	27	oil	oil	NOUN
fbem-18379	133	28	futures	future	NOUN
fbem-18379	133	29	.	.	PUNCT
fbem-18379	134	1	the	the	DET
fbem-18379	134	2	results	result	NOUN
fbem-18379	134	3	of	of	ADP
fbem-18379	134	4	this	this	DET
fbem-18379	134	5	study	study	NOUN
fbem-18379	134	6	are	be	AUX
fbem-18379	134	7	of	of	ADP
fbem-18379	134	8	great	great	ADJ
fbem-18379	134	9	practical	practical	ADJ
fbem-18379	134	10	significance	significance	NOUN
fbem-18379	134	11	for	for	ADP
fbem-18379	134	12	the	the	DET
fbem-18379	134	13	volatility	volatility	NOUN
fbem-18379	134	14	analysis	analysis	NOUN
fbem-18379	134	15	and	and	CCONJ
fbem-18379	134	16	risk	risk	NOUN
fbem-18379	134	17	management	management	NOUN
fbem-18379	134	18	of	of	ADP
fbem-18379	134	19	shanghai	shanghai	PROPN
fbem-18379	134	20	crude	crude	PROPN
fbem-18379	134	21	oil	oil	NOUN
fbem-18379	134	22	futures	future	NOUN
fbem-18379	134	23	market	market	NOUN
fbem-18379	134	24	.	.	PUNCT
fbem-18379	135	1	references	reference	NOUN
fbem-18379	135	2	[	[	X
fbem-18379	135	3	1	1	NUM
fbem-18379	135	4	]	]	PUNCT
fbem-18379	135	5	chen	chen	PROPN
fbem-18379	135	6	yang	yang	PROPN
fbem-18379	135	7	,	,	PUNCT
fbem-18379	135	8	fei	fei	PROPN
fbem-18379	135	9	lv	lv	PROPN
fbem-18379	135	10	,	,	PUNCT
fbem-18379	135	11	libing	libing	PROPN
fbem-18379	135	12	fang	fang	PROPN
fbem-18379	135	13	,	,	PUNCT
fbem-18379	135	14	et	et	PROPN
fbem-18379	135	15	al	al	PROPN
fbem-18379	135	16	.	.	PUNCT
fbem-18379	136	1	the	the	DET
fbem-18379	136	2	pricing	pricing	NOUN
fbem-18379	136	3	efficiency	efficiency	NOUN
fbem-18379	136	4	of	of	ADP
fbem-18379	136	5	crude	crude	ADJ
fbem-18379	136	6	oil	oil	NOUN
fbem-18379	136	7	futures	future	NOUN
fbem-18379	136	8	in	in	ADP
fbem-18379	136	9	the	the	DET
fbem-18379	136	10	shanghai	shanghai	PROPN
fbem-18379	136	11	international	international	PROPN
fbem-18379	136	12	exchange	exchange	PROPN
fbem-18379	136	13	.	.	PUNCT
fbem-18379	137	1	finance	finance	NOUN
fbem-18379	137	2	research	research	NOUN
fbem-18379	137	3	letters	letter	NOUN
fbem-18379	137	4	.	.	PUNCT
fbem-18379	138	1	2020;36	2020;36	NUM
fbem-18379	138	2	(	(	PUNCT
fbem-18379	138	3	0):101329	0):101329	NOUN
fbem-18379	138	4	-	-	PUNCT
fbem-18379	138	5	101329	101329	NUM
fbem-18379	138	6	.	.	PUNCT
fbem-18379	139	1	[	[	X
fbem-18379	139	2	2	2	X
fbem-18379	139	3	]	]	PUNCT
fbem-18379	139	4	wang	wang	PROPN
fbem-18379	139	5	qian	qian	PROPN
fbem-18379	139	6	,	,	PUNCT
fbem-18379	139	7	xiao	xiao	PROPN
fbem-18379	139	8	siyi	siyi	PROPN
fbem-18379	139	9	.	.	PUNCT
fbem-18379	140	1	research	research	NOUN
fbem-18379	140	2	on	on	ADP
fbem-18379	140	3	international	international	ADJ
fbem-18379	140	4	pricing	pricing	NOUN
fbem-18379	140	5	influence	influence	NOUN
fbem-18379	140	6	of	of	ADP
fbem-18379	140	7	china	china	PROPN
fbem-18379	140	8	's	's	PART
fbem-18379	140	9	crude	crude	ADJ
fbem-18379	140	10	oil	oil	NOUN
fbem-18379	140	11	futures	future	NOUN
fbem-18379	140	12	in	in	ADP
fbem-18379	140	13	the	the	DET
fbem-18379	140	14	context	context	NOUN
fbem-18379	140	15	of	of	ADP
fbem-18379	140	16	russiaukraine	russiaukraine	ADJ
fbem-18379	140	17	conflict	conflict	NOUN
fbem-18379	140	18	:	:	PUNCT
fbem-18379	140	19	an	an	DET
fbem-18379	140	20	empirical	empirical	ADJ
fbem-18379	140	21	analysis	analysis	NOUN
fbem-18379	140	22	based	base	VERB
fbem-18379	140	23	on	on	ADP
fbem-18379	140	24	vecmdag	vecmdag	PROPN
fbem-18379	140	25	model	model	PROPN
fbem-18379	141	1	[	[	X
fbem-18379	141	2	j	j	X
fbem-18379	141	3	]	]	X
fbem-18379	141	4	.	.	PUNCT
fbem-18379	142	1	shanghai	shanghai	PROPN
fbem-18379	142	2	finance	finance	PROPN
fbem-18379	142	3	,	,	PUNCT
fbem-18379	142	4	2023	2023	NUM
fbem-18379	142	5	,	,	PUNCT
fbem-18379	142	6	(	(	PUNCT
fbem-18379	142	7	06	06	NUM
fbem-18379	142	8	):	):	PUNCT
fbem-18379	142	9	30	30	NUM
fbem-18379	142	10	-	-	SYM
fbem-18379	142	11	45	45	NUM
fbem-18379	142	12	.	.	PUNCT
fbem-18379	143	1	[	[	X
fbem-18379	143	2	3	3	X
fbem-18379	143	3	]	]	X
fbem-18379	143	4	luo	luo	PROPN
fbem-18379	143	5	changqing	changqing	PROPN
fbem-18379	143	6	,	,	PUNCT
fbem-18379	143	7	liu	liu	PROPN
fbem-18379	143	8	lan	lan	PROPN
fbem-18379	143	9	,	,	PUNCT
fbem-18379	143	10	zhu	zhu	PROPN
fbem-18379	143	11	huiming	huiming	NOUN
fbem-18379	143	12	,	,	PUNCT
fbem-18379	143	13	et	et	PROPN
fbem-18379	143	14	al	al	PROPN
fbem-18379	143	15	.	.	PUNCT
fbem-18379	144	1	a	a	DET
fbem-18379	144	2	study	study	NOUN
fbem-18379	144	3	on	on	ADP
fbem-18379	144	4	the	the	DET
fbem-18379	144	5	dynamic	dynamic	ADJ
fbem-18379	144	6	evolution	evolution	NOUN
fbem-18379	144	7	of	of	ADP
fbem-18379	144	8	pricing	pricing	NOUN
fbem-18379	144	9	power	power	NOUN
fbem-18379	144	10	in	in	ADP
fbem-18379	144	11	the	the	DET
fbem-18379	144	12	crude	crude	ADJ
fbem-18379	144	13	oil	oil	NOUN
fbem-18379	144	14	market	market	NOUN
fbem-18379	144	15	based	base	VERB
fbem-18379	144	16	on	on	ADP
fbem-18379	144	17	a	a	DET
fbem-18379	144	18	multi	multi	ADJ
fbem-18379	144	19	-	-	ADJ
fbem-18379	144	20	scale	scale	ADJ
fbem-18379	144	21	information	information	NOUN
fbem-18379	144	22	share	share	NOUN
fbem-18379	144	23	model	model	NOUN
fbem-18379	145	1	[	[	X
fbem-18379	145	2	j	j	X
fbem-18379	145	3	/	/	SYM
fbem-18379	145	4	ol	ol	PROPN
fbem-18379	145	5	]	]	PUNCT
fbem-18379	145	6	.	.	PUNCT
fbem-18379	146	1	china	china	PROPN
fbem-18379	146	2	management	management	PROPN
fbem-18379	146	3	science	science	PROPN
fbem-18379	146	4	,	,	PUNCT
fbem-18379	146	5	1	1	NUM
fbem-18379	146	6	-	-	SYM
fbem-18379	146	7	15	15	NUM
fbem-18379	146	8	.	.	PUNCT
fbem-18379	147	1	[	[	X
fbem-18379	147	2	4	4	NUM
fbem-18379	147	3	]	]	X
fbem-18379	147	4	chuanwang	chuanwang	PROPN
fbem-18379	147	5	sun	sun	PROPN
fbem-18379	147	6	,	,	PUNCT
fbem-18379	147	7	jialin	jialin	PROPN
fbem-18379	147	8	min	min	PROPN
fbem-18379	147	9	,	,	PUNCT
fbem-18379	147	10	jie	jie	PROPN
fbem-18379	147	11	sun	sun	PROPN
fbem-18379	147	12	,	,	PUNCT
fbem-18379	147	13	et	et	PROPN
fbem-18379	147	14	al	al	PROPN
fbem-18379	147	15	.	.	PUNCT
fbem-18379	148	1	the	the	DET
fbem-18379	148	2	role	role	NOUN
fbem-18379	148	3	of	of	ADP
fbem-18379	148	4	china	china	PROPN
fbem-18379	148	5	's	's	PART
fbem-18379	148	6	crude	crude	ADJ
fbem-18379	148	7	oil	oil	NOUN
fbem-18379	148	8	futures	future	NOUN
fbem-18379	148	9	in	in	ADP
fbem-18379	148	10	world	world	NOUN
fbem-18379	148	11	oil	oil	NOUN
fbem-18379	148	12	futures	future	NOUN
fbem-18379	148	13	market	market	NOUN
fbem-18379	148	14	and	and	CCONJ
fbem-18379	148	15	china	china	PROPN
fbem-18379	148	16	's	's	PART
fbem-18379	148	17	financial	financial	ADJ
fbem-18379	148	18	market	market	NOUN
fbem-18379	148	19	.	.	PUNCT
fbem-18379	149	1	energy	energy	NOUN
fbem-18379	149	2	economics	economic	NOUN
fbem-18379	149	3	.	.	PUNCT
fbem-18379	150	1	2023;120	2023;120	NUM
fbem-18379	150	2	(	(	PUNCT
fbem-18379	150	3	0):106619106619	0):106619106619	NUM
fbem-18379	150	4	.	.	PUNCT
fbem-18379	151	1	[	[	X
fbem-18379	151	2	5	5	X
fbem-18379	151	3	]	]	X
fbem-18379	151	4	houyin	houyin	NOUN
fbem-18379	151	5	long	long	ADV
fbem-18379	151	6	,	,	PUNCT
fbem-18379	151	7	xiang	xiang	PROPN
fbem-18379	151	8	huang	huang	PROPN
fbem-18379	151	9	,	,	PUNCT
fbem-18379	151	10	jiaxin	jiaxin	PROPN
fbem-18379	151	11	wang	wang	PROPN
fbem-18379	151	12	.	.	PUNCT
fbem-18379	152	1	how	how	SCONJ
fbem-18379	152	2	does	do	AUX
fbem-18379	152	3	energy	energy	NOUN
fbem-18379	152	4	finance	finance	NOUN
fbem-18379	152	5	promote	promote	VERB
fbem-18379	152	6	energy	energy	NOUN
fbem-18379	152	7	transition	transition	NOUN
fbem-18379	152	8	?	?	PUNCT
fbem-18379	153	1	evidence	evidence	NOUN
fbem-18379	153	2	from	from	ADP
fbem-18379	153	3	shanghai	shanghai	PROPN
fbem-18379	153	4	crude	crude	PROPN
fbem-18379	153	5	oil	oil	NOUN
fbem-18379	153	6	futures	future	NOUN
fbem-18379	153	7	.	.	PUNCT
fbem-18379	154	1	international	international	ADJ
fbem-18379	154	2	review	review	NOUN
fbem-18379	154	3	of	of	ADP
fbem-18379	154	4	financial	financial	ADJ
fbem-18379	154	5	analysis	analysis	NOUN
fbem-18379	154	6	.	.	PUNCT
fbem-18379	155	1	2023;90	2023;90	NUM
fbem-18379	155	2	(	(	PUNCT
fbem-18379	155	3	0):102877	0):102877	NOUN
fbem-18379	155	4	-	-	PUNCT
fbem-18379	155	5	102877	102877	NUM
fbem-18379	155	6	.	.	PUNCT
fbem-18379	156	1	[	[	X
fbem-18379	156	2	6	6	NUM
fbem-18379	156	3	]	]	PUNCT
fbem-18379	156	4	yang	yang	PROPN
fbem-18379	156	5	jie	jie	PROPN
fbem-18379	156	6	,	,	PUNCT
fbem-18379	156	7	feng	feng	PROPN
fbem-18379	156	8	yun	yun	PROPN
fbem-18379	156	9	.	.	PUNCT
fbem-18379	157	1	evolution	evolution	NOUN
fbem-18379	157	2	characteristics	characteristic	NOUN
fbem-18379	157	3	of	of	ADP
fbem-18379	157	4	crude	crude	ADJ
fbem-18379	157	5	oil	oil	NOUN
fbem-18379	157	6	futures	future	NOUN
fbem-18379	157	7	market	market	NOUN
fbem-18379	157	8	efficiency	efficiency	NOUN
fbem-18379	157	9	under	under	ADP
fbem-18379	157	10	the	the	DET
fbem-18379	157	11	impact	impact	NOUN
fbem-18379	157	12	of	of	ADP
fbem-18379	157	13	extreme	extreme	ADJ
fbem-18379	157	14	events	event	NOUN
fbem-18379	158	1	[	[	X
fbem-18379	158	2	j	j	X
fbem-18379	158	3	]	]	X
fbem-18379	158	4	.	.	PUNCT
fbem-18379	159	1	journal	journal	PROPN
fbem-18379	159	2	of	of	ADP
fbem-18379	159	3	systems	systems	PROPN
fbem-18379	159	4	management	management	NOUN
fbem-18379	159	5	,	,	PUNCT
fbem-18379	159	6	1	1	NUM
fbem-18379	159	7	-	-	SYM
fbem-18379	159	8	28	28	NUM
fbem-18379	159	9	.	.	PUNCT
fbem-18379	160	1	[	[	X
fbem-18379	160	2	7	7	X
fbem-18379	160	3	]	]	X
fbem-18379	160	4	yang	yang	PROPN
fbem-18379	160	5	kun	kun	PROPN
fbem-18379	160	6	,	,	PUNCT
fbem-18379	160	7	wei	wei	PROPN
fbem-18379	160	8	yu	yu	PROPN
fbem-18379	160	9	,	,	PUNCT
fbem-18379	160	10	li	li	PROPN
fbem-18379	160	11	shouwei	shouwei	PROPN
fbem-18379	160	12	,	,	PUNCT
fbem-18379	160	13	he	he	PRON
fbem-18379	160	14	jianmin	jianmin	PROPN
fbem-18379	160	15	.	.	PUNCT
fbem-18379	161	1	is	be	AUX
fbem-18379	161	2	geopolitical	geopolitical	ADJ
fbem-18379	161	3	risk	risk	NOUN
fbem-18379	161	4	a	a	DET
fbem-18379	161	5	driver	driver	NOUN
fbem-18379	161	6	for	for	ADP
fbem-18379	161	7	china	china	PROPN
fbem-18379	161	8	's	's	PART
fbem-18379	161	9	oil	oil	NOUN
fbem-18379	161	10	futures	future	NOUN
fbem-18379	161	11	market	market	NOUN
fbem-18379	161	12	?	?	PUNCT
fbem-18379	162	1	-non	-non	X
fbem-18379	162	2	-	-	PUNCT
fbem-18379	162	3	parametric	parametric	ADJ
fbem-18379	162	4	quantile	quantile	ADJ
fbem-18379	162	5	causality	causality	NOUN
fbem-18379	162	6	test	test	NOUN
fbem-18379	162	7	based	base	VERB
fbem-18379	162	8	on	on	ADP
fbem-18379	162	9	wavelet	wavelet	PROPN
fbem-18379	162	10	multi	multi	NOUN
fbem-18379	162	11	-	-	NOUN
fbem-18379	162	12	resolution	resolution	NOUN
fbem-18379	162	13	[	[	X
fbem-18379	162	14	j	j	X
fbem-18379	162	15	]	]	X
fbem-18379	162	16	.	.	PUNCT
fbem-18379	163	1	chinese	chinese	ADJ
fbem-18379	163	2	journal	journal	PROPN
fbem-18379	163	3	of	of	ADP
fbem-18379	163	4	management	management	NOUN
fbem-18379	163	5	science	science	NOUN
fbem-18379	163	6	,	,	PUNCT
fbem-18379	163	7	2023	2023	NUM
fbem-18379	163	8	,	,	PUNCT
fbem-18379	163	9	31	31	NUM
fbem-18379	163	10	(	(	PUNCT
fbem-18379	163	11	02	02	NUM
fbem-18379	163	12	):	):	PUNCT
fbem-18379	163	13	51	51	NUM
fbem-18379	163	14	-	-	SYM
fbem-18379	163	15	62	62	NUM
fbem-18379	163	16	.	.	PUNCT
fbem-18379	164	1	[	[	X
fbem-18379	164	2	8	8	X
fbem-18379	164	3	]	]	PUNCT
fbem-18379	164	4	daxiang	daxiang	PROPN
fbem-18379	164	5	jin	jin	PROPN
fbem-18379	164	6	,	,	PUNCT
fbem-18379	164	7	mengxi	mengxi	VERB
fbem-18379	164	8	he	he	PRON
fbem-18379	164	9	,	,	PUNCT
fbem-18379	164	10	xing	xing	PROPN
fbem-18379	164	11	lu	lu	PROPN
fbem-18379	164	12	,	,	PUNCT
fbem-18379	164	13	et	et	PROPN
fbem-18379	164	14	al	al	PROPN
fbem-18379	164	15	.	.	PUNCT
fbem-18379	164	16	forecasting	forecast	VERB
fbem-18379	164	17	china	china	PROPN
fbem-18379	164	18	's	's	PART
fbem-18379	164	19	crude	crude	ADJ
fbem-18379	164	20	oil	oil	NOUN
fbem-18379	164	21	futures	future	NOUN
fbem-18379	164	22	volatility	volatility	NOUN
fbem-18379	164	23	:	:	PUNCT
fbem-18379	164	24	how	how	SCONJ
fbem-18379	164	25	to	to	PART
fbem-18379	164	26	dig	dig	VERB
fbem-18379	164	27	out	out	ADP
fbem-18379	164	28	the	the	DET
fbem-18379	164	29	information	information	NOUN
fbem-18379	164	30	of	of	ADP
fbem-18379	164	31	other	other	ADJ
fbem-18379	164	32	energy	energy	NOUN
fbem-18379	164	33	futures	future	NOUN
fbem-18379	164	34	volatilities	volatility	NOUN
fbem-18379	164	35	?	?	PUNCT
fbem-18379	164	36	.	.	PUNCT
fbem-18379	165	1	resources	resource	NOUN
fbem-18379	165	2	policy	policy	NOUN
fbem-18379	165	3	.	.	PUNCT
fbem-18379	166	1	2022;78	2022;78	NUM
fbem-18379	166	2	(	(	PUNCT
fbem-18379	166	3	0):102852	0):102852	NOUN
fbem-18379	166	4	-	-	PUNCT
fbem-18379	166	5	102852	102852	NUM
fbem-18379	166	6	.	.	PUNCT
fbem-18379	167	1	[	[	X
fbem-18379	167	2	9	9	NUM
fbem-18379	167	3	]	]	SYM
fbem-18379	167	4	yadong	yadong	PROPN
fbem-18379	167	5	huang	huang	PROPN
fbem-18379	167	6	,	,	PUNCT
fbem-18379	167	7	wei	wei	PROPN
fbem-18379	167	8	yuan	yuan	PROPN
fbem-18379	167	9	,	,	PUNCT
fbem-18379	167	10	meiyu	meiyu	NOUN
fbem-18379	167	11	wang	wang	PROPN
fbem-18379	167	12	,	,	PUNCT
fbem-18379	167	13	et	et	PROPN
fbem-18379	167	14	al	al	PROPN
fbem-18379	167	15	.	.	PROPN
fbem-18379	167	16	trend	trend	PROPN
fbem-18379	167	17	forecast	forecast	PROPN
fbem-18379	167	18	of	of	ADP
fbem-18379	167	19	shanghai	shanghai	PROPN
fbem-18379	167	20	crude	crude	PROPN
fbem-18379	167	21	oil	oil	NOUN
fbem-18379	167	22	futures	future	NOUN
fbem-18379	167	23	.	.	PUNCT
fbem-18379	167	24	journal	journal	PROPN
fbem-18379	167	25	of	of	ADP
fbem-18379	167	26	advanced	advanced	ADJ
fbem-18379	167	27	computational	computational	ADJ
fbem-18379	167	28	intelligence	intelligence	NOUN
fbem-18379	167	29	and	and	CCONJ
fbem-18379	167	30	intelligent	intelligent	ADJ
fbem-18379	167	31	informatics	informatic	NOUN
fbem-18379	167	32	.	.	PUNCT
fbem-18379	167	33	2022	2022	NUM
fbem-18379	167	34	;	;	PUNCT
fbem-18379	167	35	26	26	NUM
fbem-18379	167	36	(	(	PUNCT
fbem-18379	167	37	6):1040	6):1040	NOUN
fbem-18379	167	38	-	-	NUM
fbem-18379	167	39	1045	1045	NUM
fbem-18379	167	40	.	.	PUNCT
fbem-18379	168	1	[	[	X
fbem-18379	168	2	10	10	NUM
fbem-18379	168	3	]	]	X
fbem-18379	168	4	yangli	yangli	PROPN
fbem-18379	168	5	guo	guo	PROPN
fbem-18379	168	6	,	,	PUNCT
fbem-18379	168	7	pan	pan	PROPN
fbem-18379	168	8	li	li	PROPN
fbem-18379	168	9	,	,	PUNCT
fbem-18379	168	10	hong	hong	PROPN
fbem-18379	168	11	wu	wu	PROPN
fbem-18379	168	12	.	.	PUNCT
fbem-18379	168	13	jumps	jump	VERB
fbem-18379	168	14	in	in	ADP
fbem-18379	168	15	the	the	DET
fbem-18379	168	16	chinese	chinese	ADJ
fbem-18379	168	17	crude	crude	ADJ
fbem-18379	168	18	oil	oil	NOUN
fbem-18379	168	19	futures	future	NOUN
fbem-18379	168	20	volatility	volatility	NOUN
fbem-18379	168	21	forecasting	forecasting	NOUN
fbem-18379	168	22	:	:	PUNCT
fbem-18379	168	23	new	new	ADJ
fbem-18379	168	24	evidence	evidence	NOUN
fbem-18379	168	25	.	.	PUNCT
fbem-18379	169	1	energy	energy	NOUN
fbem-18379	169	2	economics	economic	NOUN
fbem-18379	169	3	.	.	PUNCT
fbem-18379	170	1	2023;0	2023;0	NUM
fbem-18379	170	2	(	(	PUNCT
fbem-18379	170	3	0):106955	0):106955	PROPN
fbem-18379	170	4	-	-	PUNCT
fbem-18379	170	5	106955	106955	NUM
fbem-18379	170	6	.	.	PUNCT