[Retracted] Quantitative Evaluation Model of Stock Market Liquidity by Macroeconomic Factors

Table 7

Single-factor level effects.

Variable	M1L	CPIL	ERL
Μ	0.0005	0.0001	0.0005
	(1.3765)	(0.1521)	(1.4022)
Α	0.0526	0.5575	0.0538
	(10.5549)	(8.9760)	(10.6083)
Β	0.9411	0.3529	0.9413
	(137.2133)	(4.6973)	(142.0535)
M	0.0006	0.0034	0.0003
	(2.1456)	(70.4076)	(2.1229)
θl	0.0001	−0.0004	0.0108
	(1.6201)	(−70.6836)	(−1.4658)
ωl	1.2325	4.3098	1.0048
	(0.1653)	(10.3896)	(1.8133)
	0.1016	0.0011	0.1686
	(0.9878)	(0.0023)	(1.0898)
BIC	−5.4798	−5.0909	−5.4793
LLH	−7248.3738	−6736.2355	−7247.7314
MAE	0.0023	0.0062	0.0022
RMSE	0.0035	0.0081	0.0034

Note. is significant at 10% level; is significant at 5% level; is significant at 1% level.