Modeling and Prediction of the Volatility of the Freight Rate in the Roadway Freight Market of China

Table 4

Comparison results of the SST-GARCH and SST-EGARCH models.

	SST-GARCH			SST-EGARCH
Route-specific TRV	Log likelihood	AIC	BIC	Log likelihood	AIC	BIC
R_CTG	−194.814	2.625	2.744	−188.893	2.600	2.798
R_CTK	−150.786	2.050	2.168	−135.304	1.852	2.050
R_CTQ	−169.209	2.290	2.409	−150.653	2.100	2.298
R_GTC	−146.639	1.995	2.114	−137.083	1.918	2.121
R_GTK	−188.153	2.538	2.657	−172.112	2.433	2.631
R_GTQ	−174.673	2.362	2.481	−163.380	2.252	2.391
R_KTC	−214.237	2.879	2.999	−207.813	2.835	2.973
R_KTG	−198.087	2.668	2.787	−181.178	2.499	2.697
R_KTQ	−246.540	3.301	3.42	−239.179	3.257	3.453
R_QTC	−201.419	2.711	2.832	−188.135	2.551	2.689
R_QTG	−213.183	2.865	2.984	−175.283	2.383	2.521
R_QTK	−190.879	2.574	2.692	−177.581	2.452	2.650