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

Table 8

Single-factor fluctuation effect.

Variable	M1V	CPIV	ERV
Μ	0.0008	0.0001	0.0005
	(1.5297)	(0.3877)	(1.3921)
Α	0.7750	0.0526	0.0533
	(10.9102)	(10.1796)	(10.4209)
Β	0.2249	0.9437	0.9422
	(3.1662)	(141.716)	(143.0517)
M	5.8586	0.0004	0.0004
	(2.7296)	(1.5068)	(1.9639)
θv	0.0001	-0.0001	−0.9664
	(2.6722)	(−0.3259)	(−1.7606)
ωv	1.0457	7.9103	1.3265
	(13.0019)	(0.2899)	(3.4844)
	0.0129	0.5849	0.1579
	(0.6009)	(1.0262)	(1.0693)
BIC	−5.1196	−5.4583	−5.4816
LLH	−6154.2148	−6406.2665	−7250.7634
MAE	0.0066	0.0023	0.0022
RMSE	0.0077	0.0035	0.0033

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