INVESTOR #1 ===================== EQUATIONS: EQ_NB1 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_1 1.10845 .097173 11.4071 [.000] P0_1 1.19582 .115472 10.3559 [.000] P1_1 -.130381 .038319 -3.40251 [.001] P2_1 -.057336 .038247 -1.49910 [.134] P3_1 .029481 .031883 .924656 [.355] P4_1 -.060550 .032174 -1.88197 [.060] P5_1 .114341 .034995 3.26740 [.001] P6_1 .124463 .031586 3.94047 [.000] P7_1 .117437 .033721 3.48260 [.000] P8_1 .080856 .031168 2.59419 [.009] P9_1 -.996698E-02 .031096 -.320519 [.749] P10_1 .024654 .031064 .793634 [.427] P11_1 -.015908 .031109 -.511360 [.609] P12_1 .039653 .031255 1.26867 [.205] P13_1 .045219 .030647 1.47546 [.140] P14_1 -.165488 .031828 -5.19946 [.000] P15_1 .431943E-02 .030581 .141243 [.888] P16_1 -.410911E-02 .033914 -.121164 [.904] P17_1 .070427 .035562 1.98039 [.048] S1_1 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB1 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #2 ===================== EQUATIONS: EQ_NB2 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_2 1.10845 .097173 11.4071 [.000] P0_2 1.19582 .115472 10.3559 [.000] P1_2 -.130381 .038319 -3.40251 [.001] P2_2 -.057336 .038247 -1.49910 [.134] P3_2 .029481 .031883 .924656 [.355] P4_2 -.060550 .032174 -1.88197 [.060] P5_2 .114341 .034995 3.26740 [.001] P6_2 .124463 .031586 3.94047 [.000] P7_2 .117437 .033721 3.48260 [.000] P8_2 .080856 .031168 2.59419 [.009] P9_2 -.996698E-02 .031096 -.320519 [.749] P10_2 .024654 .031064 .793634 [.427] P11_2 -.015908 .031109 -.511360 [.609] P12_2 .039653 .031255 1.26867 [.205] P13_2 .045219 .030647 1.47546 [.140] P14_2 -.165488 .031828 -5.19946 [.000] P15_2 .431943E-02 .030581 .141243 [.888] P16_2 -.410911E-02 .033914 -.121164 [.904] P17_2 .070427 .035562 1.98039 [.048] S1_2 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB2 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #3 ===================== EQUATIONS: EQ_NB3 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_3 1.10845 .097173 11.4071 [.000] P0_3 1.19582 .115472 10.3559 [.000] P1_3 -.130381 .038319 -3.40251 [.001] P2_3 -.057336 .038247 -1.49910 [.134] P3_3 .029481 .031883 .924656 [.355] P4_3 -.060550 .032174 -1.88197 [.060] P5_3 .114341 .034995 3.26740 [.001] P6_3 .124463 .031586 3.94047 [.000] P7_3 .117437 .033721 3.48260 [.000] P8_3 .080856 .031168 2.59419 [.009] P9_3 -.996698E-02 .031096 -.320519 [.749] P10_3 .024654 .031064 .793634 [.427] P11_3 -.015908 .031109 -.511360 [.609] P12_3 .039653 .031255 1.26867 [.205] P13_3 .045219 .030647 1.47546 [.140] P14_3 -.165488 .031828 -5.19946 [.000] P15_3 .431943E-02 .030581 .141243 [.888] P16_3 -.410911E-02 .033914 -.121164 [.904] P17_3 .070427 .035562 1.98039 [.048] S1_3 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB3 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #4 ===================== EQUATIONS: EQ_NB4 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_4 1.10845 .097173 11.4071 [.000] P0_4 1.19582 .115472 10.3559 [.000] P1_4 -.130381 .038319 -3.40251 [.001] P2_4 -.057336 .038247 -1.49910 [.134] P3_4 .029481 .031883 .924656 [.355] P4_4 -.060550 .032174 -1.88197 [.060] P5_4 .114341 .034995 3.26740 [.001] P6_4 .124463 .031586 3.94047 [.000] P7_4 .117437 .033721 3.48260 [.000] P8_4 .080856 .031168 2.59419 [.009] P9_4 -.996698E-02 .031096 -.320519 [.749] P10_4 .024654 .031064 .793634 [.427] P11_4 -.015908 .031109 -.511360 [.609] P12_4 .039653 .031255 1.26867 [.205] P13_4 .045219 .030647 1.47546 [.140] P14_4 -.165488 .031828 -5.19946 [.000] P15_4 .431943E-02 .030581 .141243 [.888] P16_4 -.410911E-02 .033914 -.121164 [.904] P17_4 .070427 .035562 1.98039 [.048] S1_4 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB4 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #5 ===================== EQUATIONS: EQ_NB5 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_5 1.10845 .097173 11.4071 [.000] P0_5 1.19582 .115472 10.3559 [.000] P1_5 -.130381 .038319 -3.40251 [.001] P2_5 -.057336 .038247 -1.49910 [.134] P3_5 .029481 .031883 .924656 [.355] P4_5 -.060550 .032174 -1.88197 [.060] P5_5 .114341 .034995 3.26740 [.001] P6_5 .124463 .031586 3.94047 [.000] P7_5 .117437 .033721 3.48260 [.000] P8_5 .080856 .031168 2.59419 [.009] P9_5 -.996698E-02 .031096 -.320519 [.749] P10_5 .024654 .031064 .793634 [.427] P11_5 -.015908 .031109 -.511360 [.609] P12_5 .039653 .031255 1.26867 [.205] P13_5 .045219 .030647 1.47546 [.140] P14_5 -.165488 .031828 -5.19946 [.000] P15_5 .431943E-02 .030581 .141243 [.888] P16_5 -.410911E-02 .033914 -.121164 [.904] P17_5 .070427 .035562 1.98039 [.048] S1_5 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB5 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #6 ===================== EQUATIONS: EQ_NB6 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_6 1.10845 .097173 11.4071 [.000] P0_6 1.19582 .115472 10.3559 [.000] P1_6 -.130381 .038319 -3.40251 [.001] P2_6 -.057336 .038247 -1.49910 [.134] P3_6 .029481 .031883 .924656 [.355] P4_6 -.060550 .032174 -1.88197 [.060] P5_6 .114341 .034995 3.26740 [.001] P6_6 .124463 .031586 3.94047 [.000] P7_6 .117437 .033721 3.48260 [.000] P8_6 .080856 .031168 2.59419 [.009] P9_6 -.996698E-02 .031096 -.320519 [.749] P10_6 .024654 .031064 .793634 [.427] P11_6 -.015908 .031109 -.511360 [.609] P12_6 .039653 .031255 1.26867 [.205] P13_6 .045219 .030647 1.47546 [.140] P14_6 -.165488 .031828 -5.19946 [.000] P15_6 .431943E-02 .030581 .141243 [.888] P16_6 -.410911E-02 .033914 -.121164 [.904] P17_6 .070427 .035562 1.98039 [.048] S1_6 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB6 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #7 ===================== EQUATIONS: EQ_NB7 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_7 1.10845 .097173 11.4071 [.000] P0_7 1.19582 .115472 10.3559 [.000] P1_7 -.130381 .038319 -3.40251 [.001] P2_7 -.057336 .038247 -1.49910 [.134] P3_7 .029481 .031883 .924656 [.355] P4_7 -.060550 .032174 -1.88197 [.060] P5_7 .114341 .034995 3.26740 [.001] P6_7 .124463 .031586 3.94047 [.000] P7_7 .117437 .033721 3.48260 [.000] P8_7 .080856 .031168 2.59419 [.009] P9_7 -.996698E-02 .031096 -.320519 [.749] P10_7 .024654 .031064 .793634 [.427] P11_7 -.015908 .031109 -.511360 [.609] P12_7 .039653 .031255 1.26867 [.205] P13_7 .045219 .030647 1.47546 [.140] P14_7 -.165488 .031828 -5.19946 [.000] P15_7 .431943E-02 .030581 .141243 [.888] P16_7 -.410911E-02 .033914 -.121164 [.904] P17_7 .070427 .035562 1.98039 [.048] S1_7 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB7 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #8 ===================== EQUATIONS: EQ_NB8 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_8 1.10845 .097173 11.4071 [.000] P0_8 1.19582 .115472 10.3559 [.000] P1_8 -.130381 .038319 -3.40251 [.001] P2_8 -.057336 .038247 -1.49910 [.134] P3_8 .029481 .031883 .924656 [.355] P4_8 -.060550 .032174 -1.88197 [.060] P5_8 .114341 .034995 3.26740 [.001] P6_8 .124463 .031586 3.94047 [.000] P7_8 .117437 .033721 3.48260 [.000] P8_8 .080856 .031168 2.59419 [.009] P9_8 -.996698E-02 .031096 -.320519 [.749] P10_8 .024654 .031064 .793634 [.427] P11_8 -.015908 .031109 -.511360 [.609] P12_8 .039653 .031255 1.26867 [.205] P13_8 .045219 .030647 1.47546 [.140] P14_8 -.165488 .031828 -5.19946 [.000] P15_8 .431943E-02 .030581 .141243 [.888] P16_8 -.410911E-02 .033914 -.121164 [.904] P17_8 .070427 .035562 1.98039 [.048] S1_8 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB8 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #9 ===================== EQUATIONS: EQ_NB9 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_9 1.10845 .097173 11.4071 [.000] P0_9 1.19582 .115472 10.3559 [.000] P1_9 -.130381 .038319 -3.40251 [.001] P2_9 -.057336 .038247 -1.49910 [.134] P3_9 .029481 .031883 .924656 [.355] P4_9 -.060550 .032174 -1.88197 [.060] P5_9 .114341 .034995 3.26740 [.001] P6_9 .124463 .031586 3.94047 [.000] P7_9 .117437 .033721 3.48260 [.000] P8_9 .080856 .031168 2.59419 [.009] P9_9 -.996698E-02 .031096 -.320519 [.749] P10_9 .024654 .031064 .793634 [.427] P11_9 -.015908 .031109 -.511360 [.609] P12_9 .039653 .031255 1.26867 [.205] P13_9 .045219 .030647 1.47546 [.140] P14_9 -.165488 .031828 -5.19946 [.000] P15_9 .431943E-02 .030581 .141243 [.888] P16_9 -.410911E-02 .033914 -.121164 [.904] P17_9 .070427 .035562 1.98039 [.048] S1_9 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB9 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #10 =====================- EQUATIONS: EQ_NB10 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_10 1.10845 .097173 11.4071 [.000] P0_10 1.19582 .115472 10.3559 [.000] P1_10 -.130381 .038319 -3.40251 [.001] P2_10 -.057336 .038247 -1.49910 [.134] P3_10 .029481 .031883 .924656 [.355] P4_10 -.060550 .032174 -1.88197 [.060] P5_10 .114341 .034995 3.26740 [.001] P6_10 .124463 .031586 3.94047 [.000] P7_10 .117437 .033721 3.48260 [.000] P8_10 .080856 .031168 2.59419 [.009] P9_10 -.996698E-02 .031096 -.320519 [.749] P10_10 .024654 .031064 .793634 [.427] P11_10 -.015908 .031109 -.511360 [.609] P12_10 .039653 .031255 1.26867 [.205] P13_10 .045219 .030647 1.47546 [.140] P14_10 -.165488 .031828 -5.19946 [.000] P15_10 .431943E-02 .030581 .141243 [.888] P16_10 -.410911E-02 .033914 -.121164 [.904] P17_10 .070427 .035562 1.98039 [.048] S1_10 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB10 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #11 =====================- EQUATIONS: EQ_NB11 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_11 1.10845 .097173 11.4071 [.000] P0_11 1.19582 .115472 10.3559 [.000] P1_11 -.130381 .038319 -3.40251 [.001] P2_11 -.057336 .038247 -1.49910 [.134] P3_11 .029481 .031883 .924656 [.355] P4_11 -.060550 .032174 -1.88197 [.060] P5_11 .114341 .034995 3.26740 [.001] P6_11 .124463 .031586 3.94047 [.000] P7_11 .117437 .033721 3.48260 [.000] P8_11 .080856 .031168 2.59419 [.009] P9_11 -.996698E-02 .031096 -.320519 [.749] P10_11 .024654 .031064 .793634 [.427] P11_11 -.015908 .031109 -.511360 [.609] P12_11 .039653 .031255 1.26867 [.205] P13_11 .045219 .030647 1.47546 [.140] P14_11 -.165488 .031828 -5.19946 [.000] P15_11 .431943E-02 .030581 .141243 [.888] P16_11 -.410911E-02 .033914 -.121164 [.904] P17_11 .070427 .035562 1.98039 [.048] S1_11 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB11 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #12 =====================- EQUATIONS: EQ_NB12 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_12 1.10845 .097173 11.4071 [.000] P0_12 1.19582 .115472 10.3559 [.000] P1_12 -.130381 .038319 -3.40251 [.001] P2_12 -.057336 .038247 -1.49910 [.134] P3_12 .029481 .031883 .924656 [.355] P4_12 -.060550 .032174 -1.88197 [.060] P5_12 .114341 .034995 3.26740 [.001] P6_12 .124463 .031586 3.94047 [.000] P7_12 .117437 .033721 3.48260 [.000] P8_12 .080856 .031168 2.59419 [.009] P9_12 -.996698E-02 .031096 -.320519 [.749] P10_12 .024654 .031064 .793634 [.427] P11_12 -.015908 .031109 -.511360 [.609] P12_12 .039653 .031255 1.26867 [.205] P13_12 .045219 .030647 1.47546 [.140] P14_12 -.165488 .031828 -5.19946 [.000] P15_12 .431943E-02 .030581 .141243 [.888] P16_12 -.410911E-02 .033914 -.121164 [.904] P17_12 .070427 .035562 1.98039 [.048] S1_12 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB12 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #13 =====================- EQUATIONS: EQ_NB13 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_13 1.10845 .097173 11.4071 [.000] P0_13 1.19582 .115472 10.3559 [.000] P1_13 -.130381 .038319 -3.40251 [.001] P2_13 -.057336 .038247 -1.49910 [.134] P3_13 .029481 .031883 .924656 [.355] P4_13 -.060550 .032174 -1.88197 [.060] P5_13 .114341 .034995 3.26740 [.001] P6_13 .124463 .031586 3.94047 [.000] P7_13 .117437 .033721 3.48260 [.000] P8_13 .080856 .031168 2.59419 [.009] P9_13 -.996698E-02 .031096 -.320519 [.749] P10_13 .024654 .031064 .793634 [.427] P11_13 -.015908 .031109 -.511360 [.609] P12_13 .039653 .031255 1.26867 [.205] P13_13 .045219 .030647 1.47546 [.140] P14_13 -.165488 .031828 -5.19946 [.000] P15_13 .431943E-02 .030581 .141243 [.888] P16_13 -.410911E-02 .033914 -.121164 [.904] P17_13 .070427 .035562 1.98039 [.048] S1_13 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB13 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #14 =====================- EQUATIONS: EQ_NB14 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_14 1.10845 .097173 11.4071 [.000] P0_14 1.19582 .115472 10.3559 [.000] P1_14 -.130381 .038319 -3.40251 [.001] P2_14 -.057336 .038247 -1.49910 [.134] P3_14 .029481 .031883 .924656 [.355] P4_14 -.060550 .032174 -1.88197 [.060] P5_14 .114341 .034995 3.26740 [.001] P6_14 .124463 .031586 3.94047 [.000] P7_14 .117437 .033721 3.48260 [.000] P8_14 .080856 .031168 2.59419 [.009] P9_14 -.996698E-02 .031096 -.320519 [.749] P10_14 .024654 .031064 .793634 [.427] P11_14 -.015908 .031109 -.511360 [.609] P12_14 .039653 .031255 1.26867 [.205] P13_14 .045219 .030647 1.47546 [.140] P14_14 -.165488 .031828 -5.19946 [.000] P15_14 .431943E-02 .030581 .141243 [.888] P16_14 -.410911E-02 .033914 -.121164 [.904] P17_14 .070427 .035562 1.98039 [.048] S1_14 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB14 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #15 =====================- EQUATIONS: EQ_NB15 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_15 1.10845 .097173 11.4071 [.000] P0_15 1.19582 .115472 10.3559 [.000] P1_15 -.130381 .038319 -3.40251 [.001] P2_15 -.057336 .038247 -1.49910 [.134] P3_15 .029481 .031883 .924656 [.355] P4_15 -.060550 .032174 -1.88197 [.060] P5_15 .114341 .034995 3.26740 [.001] P6_15 .124463 .031586 3.94047 [.000] P7_15 .117437 .033721 3.48260 [.000] P8_15 .080856 .031168 2.59419 [.009] P9_15 -.996698E-02 .031096 -.320519 [.749] P10_15 .024654 .031064 .793634 [.427] P11_15 -.015908 .031109 -.511360 [.609] P12_15 .039653 .031255 1.26867 [.205] P13_15 .045219 .030647 1.47546 [.140] P14_15 -.165488 .031828 -5.19946 [.000] P15_15 .431943E-02 .030581 .141243 [.888] P16_15 -.410911E-02 .033914 -.121164 [.904] P17_15 .070427 .035562 1.98039 [.048] S1_15 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB15 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #16 =====================- EQUATIONS: EQ_NB16 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_16 1.10845 .097173 11.4071 [.000] P0_16 1.19582 .115472 10.3559 [.000] P1_16 -.130381 .038319 -3.40251 [.001] P2_16 -.057336 .038247 -1.49910 [.134] P3_16 .029481 .031883 .924656 [.355] P4_16 -.060550 .032174 -1.88197 [.060] P5_16 .114341 .034995 3.26740 [.001] P6_16 .124463 .031586 3.94047 [.000] P7_16 .117437 .033721 3.48260 [.000] P8_16 .080856 .031168 2.59419 [.009] P9_16 -.996698E-02 .031096 -.320519 [.749] P10_16 .024654 .031064 .793634 [.427] P11_16 -.015908 .031109 -.511360 [.609] P12_16 .039653 .031255 1.26867 [.205] P13_16 .045219 .030647 1.47546 [.140] P14_16 -.165488 .031828 -5.19946 [.000] P15_16 .431943E-02 .030581 .141243 [.888] P16_16 -.410911E-02 .033914 -.121164 [.904] P17_16 .070427 .035562 1.98039 [.048] S1_16 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB16 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #17 =====================- EQUATIONS: EQ_NB17 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_17 1.10845 .097173 11.4071 [.000] P0_17 1.19582 .115472 10.3559 [.000] P1_17 -.130381 .038319 -3.40251 [.001] P2_17 -.057336 .038247 -1.49910 [.134] P3_17 .029481 .031883 .924656 [.355] P4_17 -.060550 .032174 -1.88197 [.060] P5_17 .114341 .034995 3.26740 [.001] P6_17 .124463 .031586 3.94047 [.000] P7_17 .117437 .033721 3.48260 [.000] P8_17 .080856 .031168 2.59419 [.009] P9_17 -.996698E-02 .031096 -.320519 [.749] P10_17 .024654 .031064 .793634 [.427] P11_17 -.015908 .031109 -.511360 [.609] P12_17 .039653 .031255 1.26867 [.205] P13_17 .045219 .030647 1.47546 [.140] P14_17 -.165488 .031828 -5.19946 [.000] P15_17 .431943E-02 .030581 .141243 [.888] P16_17 -.410911E-02 .033914 -.121164 [.904] P17_17 .070427 .035562 1.98039 [.048] S1_17 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB17 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #18 =====================- EQUATIONS: EQ_NB18 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_18 1.10845 .097173 11.4071 [.000] P0_18 1.19582 .115472 10.3559 [.000] P1_18 -.130381 .038319 -3.40251 [.001] P2_18 -.057336 .038247 -1.49910 [.134] P3_18 .029481 .031883 .924656 [.355] P4_18 -.060550 .032174 -1.88197 [.060] P5_18 .114341 .034995 3.26740 [.001] P6_18 .124463 .031586 3.94047 [.000] P7_18 .117437 .033721 3.48260 [.000] P8_18 .080856 .031168 2.59419 [.009] P9_18 -.996698E-02 .031096 -.320519 [.749] P10_18 .024654 .031064 .793634 [.427] P11_18 -.015908 .031109 -.511360 [.609] P12_18 .039653 .031255 1.26867 [.205] P13_18 .045219 .030647 1.47546 [.140] P14_18 -.165488 .031828 -5.19946 [.000] P15_18 .431943E-02 .030581 .141243 [.888] P16_18 -.410911E-02 .033914 -.121164 [.904] P17_18 .070427 .035562 1.98039 [.048] S1_18 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB18 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #19 =====================- EQUATIONS: EQ_NB19 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_19 1.10845 .097173 11.4071 [.000] P0_19 1.19582 .115472 10.3559 [.000] P1_19 -.130381 .038319 -3.40251 [.001] P2_19 -.057336 .038247 -1.49910 [.134] P3_19 .029481 .031883 .924656 [.355] P4_19 -.060550 .032174 -1.88197 [.060] P5_19 .114341 .034995 3.26740 [.001] P6_19 .124463 .031586 3.94047 [.000] P7_19 .117437 .033721 3.48260 [.000] P8_19 .080856 .031168 2.59419 [.009] P9_19 -.996698E-02 .031096 -.320519 [.749] P10_19 .024654 .031064 .793634 [.427] P11_19 -.015908 .031109 -.511360 [.609] P12_19 .039653 .031255 1.26867 [.205] P13_19 .045219 .030647 1.47546 [.140] P14_19 -.165488 .031828 -5.19946 [.000] P15_19 .431943E-02 .030581 .141243 [.888] P16_19 -.410911E-02 .033914 -.121164 [.904] P17_19 .070427 .035562 1.98039 [.048] S1_19 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB19 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #20 =====================- EQUATIONS: EQ_NB20 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_20 1.10845 .097173 11.4071 [.000] P0_20 1.19582 .115472 10.3559 [.000] P1_20 -.130381 .038319 -3.40251 [.001] P2_20 -.057336 .038247 -1.49910 [.134] P3_20 .029481 .031883 .924656 [.355] P4_20 -.060550 .032174 -1.88197 [.060] P5_20 .114341 .034995 3.26740 [.001] P6_20 .124463 .031586 3.94047 [.000] P7_20 .117437 .033721 3.48260 [.000] P8_20 .080856 .031168 2.59419 [.009] P9_20 -.996698E-02 .031096 -.320519 [.749] P10_20 .024654 .031064 .793634 [.427] P11_20 -.015908 .031109 -.511360 [.609] P12_20 .039653 .031255 1.26867 [.205] P13_20 .045219 .030647 1.47546 [.140] P14_20 -.165488 .031828 -5.19946 [.000] P15_20 .431943E-02 .030581 .141243 [.888] P16_20 -.410911E-02 .033914 -.121164 [.904] P17_20 .070427 .035562 1.98039 [.048] S1_20 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB20 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #21 =====================- EQUATIONS: EQ_NB21 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_21 1.10845 .097173 11.4071 [.000] P0_21 1.19582 .115472 10.3559 [.000] P1_21 -.130381 .038319 -3.40251 [.001] P2_21 -.057336 .038247 -1.49910 [.134] P3_21 .029481 .031883 .924656 [.355] P4_21 -.060550 .032174 -1.88197 [.060] P5_21 .114341 .034995 3.26740 [.001] P6_21 .124463 .031586 3.94047 [.000] P7_21 .117437 .033721 3.48260 [.000] P8_21 .080856 .031168 2.59419 [.009] P9_21 -.996698E-02 .031096 -.320519 [.749] P10_21 .024654 .031064 .793634 [.427] P11_21 -.015908 .031109 -.511360 [.609] P12_21 .039653 .031255 1.26867 [.205] P13_21 .045219 .030647 1.47546 [.140] P14_21 -.165488 .031828 -5.19946 [.000] P15_21 .431943E-02 .030581 .141243 [.888] P16_21 -.410911E-02 .033914 -.121164 [.904] P17_21 .070427 .035562 1.98039 [.048] S1_21 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB21 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #22 =====================- EQUATIONS: EQ_NB22 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_22 1.10845 .097173 11.4071 [.000] P0_22 1.19582 .115472 10.3559 [.000] P1_22 -.130381 .038319 -3.40251 [.001] P2_22 -.057336 .038247 -1.49910 [.134] P3_22 .029481 .031883 .924656 [.355] P4_22 -.060550 .032174 -1.88197 [.060] P5_22 .114341 .034995 3.26740 [.001] P6_22 .124463 .031586 3.94047 [.000] P7_22 .117437 .033721 3.48260 [.000] P8_22 .080856 .031168 2.59419 [.009] P9_22 -.996698E-02 .031096 -.320519 [.749] P10_22 .024654 .031064 .793634 [.427] P11_22 -.015908 .031109 -.511360 [.609] P12_22 .039653 .031255 1.26867 [.205] P13_22 .045219 .030647 1.47546 [.140] P14_22 -.165488 .031828 -5.19946 [.000] P15_22 .431943E-02 .030581 .141243 [.888] P16_22 -.410911E-02 .033914 -.121164 [.904] P17_22 .070427 .035562 1.98039 [.048] S1_22 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB22 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #23 =====================- EQUATIONS: EQ_NB23 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_23 1.10845 .097173 11.4071 [.000] P0_23 1.19582 .115472 10.3559 [.000] P1_23 -.130381 .038319 -3.40251 [.001] P2_23 -.057336 .038247 -1.49910 [.134] P3_23 .029481 .031883 .924656 [.355] P4_23 -.060550 .032174 -1.88197 [.060] P5_23 .114341 .034995 3.26740 [.001] P6_23 .124463 .031586 3.94047 [.000] P7_23 .117437 .033721 3.48260 [.000] P8_23 .080856 .031168 2.59419 [.009] P9_23 -.996698E-02 .031096 -.320519 [.749] P10_23 .024654 .031064 .793634 [.427] P11_23 -.015908 .031109 -.511360 [.609] P12_23 .039653 .031255 1.26867 [.205] P13_23 .045219 .030647 1.47546 [.140] P14_23 -.165488 .031828 -5.19946 [.000] P15_23 .431943E-02 .030581 .141243 [.888] P16_23 -.410911E-02 .033914 -.121164 [.904] P17_23 .070427 .035562 1.98039 [.048] S1_23 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB23 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #24 =====================- EQUATIONS: EQ_NB24 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_24 1.10845 .097173 11.4071 [.000] P0_24 1.19582 .115472 10.3559 [.000] P1_24 -.130381 .038319 -3.40251 [.001] P2_24 -.057336 .038247 -1.49910 [.134] P3_24 .029481 .031883 .924656 [.355] P4_24 -.060550 .032174 -1.88197 [.060] P5_24 .114341 .034995 3.26740 [.001] P6_24 .124463 .031586 3.94047 [.000] P7_24 .117437 .033721 3.48260 [.000] P8_24 .080856 .031168 2.59419 [.009] P9_24 -.996698E-02 .031096 -.320519 [.749] P10_24 .024654 .031064 .793634 [.427] P11_24 -.015908 .031109 -.511360 [.609] P12_24 .039653 .031255 1.26867 [.205] P13_24 .045219 .030647 1.47546 [.140] P14_24 -.165488 .031828 -5.19946 [.000] P15_24 .431943E-02 .030581 .141243 [.888] P16_24 -.410911E-02 .033914 -.121164 [.904] P17_24 .070427 .035562 1.98039 [.048] S1_24 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB24 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248] INVESTOR #25 =====================- EQUATIONS: EQ_NB25 NOB 953 SBIC 1361.42 LOGL -1292.83 Standard Parameter Estimate Error t-statistic P-value A_25 1.10845 .097173 11.4071 [.000] P0_25 1.19582 .115472 10.3559 [.000] P1_25 -.130381 .038319 -3.40251 [.001] P2_25 -.057336 .038247 -1.49910 [.134] P3_25 .029481 .031883 .924656 [.355] P4_25 -.060550 .032174 -1.88197 [.060] P5_25 .114341 .034995 3.26740 [.001] P6_25 .124463 .031586 3.94047 [.000] P7_25 .117437 .033721 3.48260 [.000] P8_25 .080856 .031168 2.59419 [.009] P9_25 -.996698E-02 .031096 -.320519 [.749] P10_25 .024654 .031064 .793634 [.427] P11_25 -.015908 .031109 -.511360 [.609] P12_25 .039653 .031255 1.26867 [.205] P13_25 .045219 .030647 1.47546 [.140] P14_25 -.165488 .031828 -5.19946 [.000] P15_25 .431943E-02 .030581 .141243 [.888] P16_25 -.410911E-02 .033914 -.121164 [.904] P17_25 .070427 .035562 1.98039 [.048] S1_25 -1.05327 .116486 -9.04202 [.000] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB25 Dependent variable: LPSE YMEAN 5.81859 S2 .901678 ARSQ .220932 SDEV 1.07582 S .949567 LMHET .820034 [.365] SSR 841.265 RSQ .236480 DW 1.89884 [<.248]