Forecasting Exchange Rate of Pakistan Using Time Series Analysis

Table 10

ARCH-LM test for the residuals of CNY/PKR and USD/PKR series.

	USD/PKR series
	ARCH	GARCH
ARCH-LM (F-statistic)	0.114144	0.602791
Obs∗R-squared	0.114322	0.603488
Prob. F (1,1208)	0.7355	0.4377
Prob. Chi-square (1)	0.7355	0.4373