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Table 2 Results from ARMA (1, 1)-GARCH (1, 1) model

From: Extreme value modelling of Ghana stock exchange index

Parameter	Estimate	Standard error	P value
AR (1)	0.8986	0.01562	0.000
MA (1)	−0.8437	0.02327	0.000
\( \omega \)	6.405 × 10⁻⁸	0.918	0.3587
\( \alpha \)	0.1204	0.1797	0.000
\( \beta \)	0.7912	0.03566	0.000

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