Equation 3 restricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 92 Mean of dep. var. = 6.55665 LM het. test = 1.85351 [.173] Std. dev. of dep. var. = .959500 Durbin-Watson = 1.93813 [<.461] Sum of squared residuals = 33.3494 Jarque-Bera test = 7.78410 [.020] Variance of residuals = .374712 Ramsey's RESET2 = .157298 [.693] Std. error of regression = .612137 F (zero slopes) = 67.2902 [.000] R-squared = .602130 Schwarz B.I.C. = 90.6466 Adjusted R-squared = .593189 Log likelihood = -83.8639 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 1.02302 .079958 12.7945 ** [.000] LSUPPLY1 .581084 .114215 5.08761 ** [.000] LSUPPLY2 -.343084 .123096 -2.78712 ** [.007] Equation 4 unrestricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 92 Mean of dep. var. = 6.55665 LM het. test = 1.11077 [.292] Std. dev. of dep. var. = .959500 Durbin-Watson = 1.85037 [<.972] Sum of squared residuals = 29.3057 Jarque-Bera test = 8.07565 [.018] Variance of residuals = .424720 Ramsey's RESET2 = 1.51282 [.223] Std. error of regression = .651706 F (zero slopes) = 5.82979 [.000] R-squared = .650200 Schwarz B.I.C. = 129.919 Adjusted R-squared = .538669 Log likelihood = -77.9180 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .914227 .159512 5.73138 ** [.000] LSUPPLY1 .352987 .296226 1.19161 [.237] LSUPPLY2 -.265977 .155172 -1.71407 [.091] C 1.17423 2.22128 .528625 [.599] LTNS .097248 .256770 .378737 [.706] LSUPPLY1 0. 0. 0. [1.00] FOWNER1 -.284664E-02 .055809 -.051007 [.959] FOWNER2 -.039599 .082671 -.478990 [.633] FOWNER3 .019940 .047168 .422733 [.674] FOWNER4 -.074609 .088691 -.841220 [.403] FDUMMY1 -.067302 .100332 -.670794 [.505] FDUMMY2 -.042468 .066564 -.638004 [.526] FDUMMY3 -.247591 .135639 -1.82537 [.072] FDUMMY4 .148662 .147205 1.00990 [.316] FDUMMY5 -.017619 .083511 -.210980 [.834] FDUMMY6 -.028558 .099937 -.285763 [.776] FDUMMY7 .029011 .084688 .342560 [.733] FDUMMY8 -.064240 .076833 -.836106 [.406] FDUMMY9 .028642 .082643 .346577 [.730] FDUMMY10 -.032850 .122025 -.269203 [.789] FSTAT1 .892569 .745853 1.19671 [.235] FSTAT2 .077669 .101465 .765478 [.447] FSTAT3 -.022658 .182482 -.124167 [.902] F(20,69) Test Statistic: 0.4760442, Upper tail area: .96740