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Forecasting and Backtesting of VaR in International Dry Bulk Shipping Market under Skewed Distributions

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Figure

Figure 2. Histogram of four samples from dry bulk market.
Table 2. Estimation and diagnostic test results of GJR-GARCH model based on 9 distributions
Figure 3. 5% VaR forecasting results of different models.
Figure 4. 95% VaR forecasting results of different models.  Table 3. VaR backtesting results based on 1% quantile level
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