Table 6: Empirical p-values in band 1A. The first column gives the model number, and the second column the rank of the corresponding model determined from the $\beta $-value in band 1A. Empirical p-values based on a bootstrap with B=1000 and smoothing parameter $\gamma = 0.85$ are given in the third and fourth column: the third column shows the empirical p-values calculated under the null hypothesis in Eq. (8), and the fourth column shows the empirical p-values under the null hypothesis in Eq. (12). The last column gives the bias as determined from Eq. (14).
Model Rank ($\beta $) p-value p-value Bias
    $(\gamma=0.85)$ $(\gamma=0.85)$ under H0
    H0:E(Vt)=1 $H_{0}:E(V_{t})=\mu$ ($\%$)
51 1 0 0.011 1.361
26 2 0 0.004 1.880
52 3 0 0.000 1.072
27 4 0 0.001 1.590
76 5 0 0.002 0.819
28 6 0 0.000 1.199
53 7 0 0.000 0.708
77 8 0 0.000 0.571
29 9 0 0.000 0.850
56 10 0 0.000 0.725
54 11 0 0.000 0.399
30 12 0 0.000 0.484
101 13 0 0.000 0.311
1 14 0 0.002 2.379
2 15 0 0.001 2.054
31 16 0 0.000 1.209
3 17 0 0.000 1.658
4 18 0 0.000 1.306
5 19 0 0.000 0.921
78 20 0 0.000 0.227


Source LaTeX | All tables | In the text