The AR and MA parameters are highly significant for S & P 500 and VIX data, whereas the parameter for COVID-19 infection rate is somewhat significant for both the data.
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Forecasting stock indices with the COVID-19 infection rate as an exogenous variable.
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The sentences
The AR and MA parameters are highly significant for S & P 500 and VIX data, whereas the parameter for COVID-19 infection rate is somewhat significant for both the data.