Correlation Analysis between Stock Price and Accounting Profit Based on a Vector Autoregressive Model

Table 1

Comparison of different lag order estimation results of the ECARR model based on B segment weekly data.

	ECARR (1,1)	ECARR (1,2)	ECARR (2,1)	ECARR (2,2)
Logarithmic likelihood	−423.0118	−423.2302	−423.5645	−422.4046
	0.1619 (0.6656)	0.1677 (0.5941)	0.1643 (0.7288)	0.1852 (0.6104)
	0.1955 (0.0263)	0.1879 (0.0310)	0.1947 (0.0249)	0.1844 (0.0355)
			−0.1053 (0.4861)	0.1976 (0.5182)
	0.7142 (0.0202)	0.6013 (0.2482)	0.8395 (0.0242)	−0.1801 (0.5251)
		0.1126 (0.6278)		0.7469 (0.4109)