Global Journal of Human Social Science, E: Economics, Volume 23 Issue 2

Volume XXIII Issue II Version I 61 Global Journal of Human Social Science - Year 2023 ( )E © 2023 Global Journals Impact of COVID-19 on Stock Market Volatility and Forecast using ARIMA and EGARCH 8. World Economic Outlook. (2020, April Retrieved April 29, 2020). World Economic Outlook 2020: The Great Lockdown. . Retrieved from World Economic Outlook: https://www.imf.org/en/Publications/WEO/ Issues/2020/04/14/World-Economic-Outlook-April- 2020-The-Great-Lockdown-49306 9. Wren-Lewis, S. (2020). The economic effects of a pandemic. In Economics in the Time of COVID-19. London: Press. https://voxeu.org/content/economi cs-time-covid-19. Appendix 1: Check for stationary of GSECI using Correlogram Autocorrelation Partial Correlation AC PAC Q-Stat Prob 1 0.998 0.998 838.91 0.000 2 0.997 0.245 1677.2 0.000 3 0.996 -0.037 2514.4 0.000 4 0.995 -0.031 3350.5 0.000 5 0.993 -0.162 4184.4 0.000 6 0.991 -0.074 5016.4 0.000 7 0.989 -0.105 5845.7 0.000 8 0.986 -0.106 6672.0 0.000 9 0.984 -0.088 7494.8 0.000 10 0.981 -0.053 8313.9 0.000 11 0.978 -0.025 9129.2 0.000 12 0.975 -0.003 9940.4 0.000 13 0.972 -0.059 10747. 0.000 14 0.968 -0.024 11549. 0.000 15 0.965 -0.014 12346. 0.000 16 0.961 -0 .007 13138. 0.000 17 0.957 -0.040 13924. 0.000 18 0.953 0.036 14706. 0.000 19 0.950 0.031 15482. 0.000 20 0.946 0.029 16252. 0.000 21 0.942 -0.013 17017. 0.000 22 0.937 0.006 17776. 0.000 23 0.933 0.028 18529. 0.000 24 0.929 0.009 19277. 0.000 25 0.925 -0.009 20018. 0.000 26 0.921 0.017 20754. 0.000 27 0.917 0.045 21485. 0.000 28 0.913 -0.024 22210. 0.000 29 0.908 -0.057 22929. 0.000 30 0.904 -0.041 23641. 0.000 31 0.900 -0 .007 24348. 0.000 32 0.895 0.037 25049. 0.000 33 0.891 0.057 25745. 0.000 34 0.887 -0.016 26435. 0.000 35 0.883 -0.015 27119. 0.000 36 0.879 0.008 27797. 0.000