Hello, I am a new learner for garch code with structural breaks, this is the output, I am not certain about the results with the first and second lines, are there the percentage of the structural breaks of the sample? Thank you for any help.
|========> Series : MONTEREY Panel # = 1.0000 break point ---- tvalue 0.25 0.50 -11.74 |========> Series : AUSTIN_C Panel # = 2.0000 break point ---- tvalue 0.58 0.77 -24.27
I think that the breakpoint percentages are indicating the observation number of the break. For example, if your data has 200 observations a break at 0.58 would indicate the 116th observation.