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Table 1 Estimation of the WTI and the Brent oil data. The standard errors (SE) that appear next to the estimates are approximated from the asymptotic distributions of the estimators

From: A folded Laplace distribution

Data

Sample

The 1st

The 2nd

  

Set

Size n

Moment

Moment

\(\hat {\mu }\) (SE)

\(\hat {\sigma }\) (SE)

WTI oil prices

1415

1.002

1.001

1.002 (0.001)

0.038 (0.001)

Brent oil prices

777

1.001

1.003

1.001 (0.001)

0.015 (0.001)