Future Business Journal

Table 3 Predictability test result table

From: Economic policy uncertainty and stock returns among OPEC members: evidence from feasible quasi-generalized least squares

Predictors	50%	75%
Algeria	− 0.001 (0.9781)	− 0.0006 (0.9843)
Ecuador	− 0.0094 (0.5084)	− 0.0051 (0.5685)
Iran	− 0.0116 (0.6073)	0.0099 (0.9292)
Iraq	− 0.0207 (0.3959)	− 0.1389 (0.3212)
Kuwait	− 0.1009 (0.0004)***	− 0.0465 (0.0207)**
Nigeria	− 0.0622 (0.0535)*	− 0.0563 (0.0407)**
Saudi Arabia	− 0.0493 (0.0693)*	− 0.0543 (0.0263)**
United Arab Emirates	− 0.0468 (0.0412)**	− 0.0414 (0.0498)**
Venezuela	0.0748 (0.0129)**	0.0536 (0.2183)

The probabilities associated with the first-order autoregressive coefficients are represented by values in parenthesis. ***, ** and * denote 1%, 5%, and 10% levels of significance, respectively

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