INVESTOR #1 ===================== EQUATIONS: EQ_B1 NOB 869 SBIC 960.244 LOGL -862.118 Standard Parameter Estimate Error t-statistic P-value C_1 -.737491 .443458 -1.66304 [.096] A3_1 .167954 .049674 3.38110 [.001] A2_1 .503068 .096560 5.20988 [.000] P0_1 .229593 .091262 2.51575 [.012] P1_1 -.023518 .028564 -.823361 [.410] P2_1 .705427E-02 .027632 .255294 [.798] P3_1 .011158 .025335 .440411 [.660] P4_1 .015259 .023456 .650525 [.515] P5_1 .030024 .026587 1.12927 [.259] P6_1 -.053147 .024066 -2.20843 [.027] P7_1 -.033019 .025615 -1.28907 [.197] P8_1 -.884781E-02 .023734 -.372795 [.709] P9_1 .013601 .022553 .603040 [.546] P10_1 .026320 .023092 1.13977 [.254] P11_1 .166162E-02 .023157 .071754 [.943] P12_1 .069722 .024315 2.86747 [.004] P13_1 -.288955E-02 .023010 -.125579 [.900] P14_1 -.089406 .024011 -3.72362 [.000] P15_1 -.014214 .021653 -.656442 [.512] P16_1 .098965 .029156 3.39438 [.001] P17_1 .050009 .026207 1.90820 [.056] DI1_1 .163143 .047378 3.44346 [.001] DF1_1 -.365858E-02 .010737 -.340744 [.733] DI2_1 .142640 .050840 2.80566 [.005] DF2_1 .519963E-02 .989017E-02 .525737 [.599] S1_1 -.312063 .098245 -3.17636 [.001] S2_1 .153813 .045857 3.35417 [.001] S3_1 .058067 .032380 1.79333 [.073] B_1 .048002 .046290 1.03698 [.300] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B1 Dependent variable: LPSE YMEAN 5.79199 S2 .440531 ARSQ .620653 SDEV 1.07763 S .663725 LMHET 7.52313 [.006] SSR 370.046 RSQ .632890 DW 1.89724 [<.437] INVESTOR #2 ===================== EQUATIONS: EQ_B2 NOB 869 SBIC 960.554 LOGL -862.428 Standard Parameter Estimate Error t-statistic P-value C_2 -.825440 .429019 -1.92402 [.054] A3_2 .173739 .049127 3.53649 [.000] A2_2 .501762 .096592 5.19467 [.000] P0_2 .230681 .091290 2.52690 [.012] P1_2 -.023670 .028603 -.827544 [.408] P2_2 .598335E-02 .027699 .216010 [.829] P3_2 .016551 .024888 .665022 [.506] P4_2 .016239 .023431 .693051 [.488] P5_2 .030195 .026604 1.13496 [.256] P6_2 -.052282 .024057 -2.17327 [.030] P7_2 -.035198 .025501 -1.38026 [.168] P8_2 -.818506E-02 .023734 -.344870 [.730] P9_2 .014246 .022548 .631815 [.528] P10_2 .025880 .023116 1.11958 [.263] P11_2 .138877E-02 .023163 .059957 [.952] P12_2 .070190 .024409 2.87559 [.004] P13_2 -.346892E-02 .023019 -.150697 [.880] P14_2 -.088681 .024001 -3.69490 [.000] P15_2 -.014158 .021664 -.653506 [.513] P16_2 .099461 .029165 3.41026 [.001] P17_2 .049602 .026298 1.88615 [.059] DI1_2 .164362 .047372 3.46963 [.001] DF1_2 -.402671E-02 .010731 -.375238 [.707] DI2_2 .141105 .050825 2.77630 [.005] DF2_2 .499671E-02 .989023E-02 .505217 [.613] S1_2 -.311509 .098278 -3.16967 [.002] S2_2 .156496 .045792 3.41754 [.001] S3_2 .061803 .032031 1.92947 [.054] B_2 .013422 .019472 .689313 [.491] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B2 Dependent variable: LPSE YMEAN 5.79199 S2 .440845 ARSQ .620382 SDEV 1.07763 S .663962 LMHET 7.35540 [.007] SSR 370.310 RSQ .632628 DW 1.89574 [<.428] INVESTOR #3 ===================== EQUATIONS: EQ_B3 NOB 869 SBIC 959.947 LOGL -861.821 Standard Parameter Estimate Error t-statistic P-value C_3 -.787738 .426964 -1.84497 [.065] A3_3 .171911 .048912 3.51467 [.000] A2_3 .502424 .096490 5.20699 [.000] P0_3 .229498 .091217 2.51594 [.012] P1_3 -.024398 .028522 -.855393 [.392] P2_3 .641439E-02 .027629 .232160 [.816] P3_3 .010751 .025217 .426353 [.670] P4_3 .014551 .023466 .620067 [.535] P5_3 .031268 .026563 1.17709 [.239] P6_3 -.052278 .024040 -2.17468 [.030] P7_3 -.034042 .025505 -1.33471 [.182] P8_3 -.870906E-02 .023721 -.367152 [.714] P9_3 .013419 .022545 .595210 [.552] P10_3 .025619 .023093 1.10938 [.267] P11_3 .184266E-02 .023150 .079596 [.937] P12_3 .068545 .024354 2.81455 [.005] P13_3 -.340198E-02 .023000 -.147910 [.882] P14_3 -.088966 .023976 -3.71055 [.000] P15_3 -.014587 .021651 -.673730 [.500] P16_3 .097698 .029170 3.34923 [.001] P17_3 .048563 .026254 1.84972 [.064] DI1_3 .164313 .047305 3.47348 [.001] DF1_3 -.381214E-02 .010718 -.355670 [.722] DI2_3 .140703 .050729 2.77362 [.006] DF2_3 .524400E-02 .988578E-02 .530458 [.596] S1_3 -.312339 .098212 -3.18026 [.001] S2_3 .155785 .045764 3.40407 [.001] S3_3 .061448 .031788 1.93306 [.053] B_3 .018137 .014116 1.28487 [.199] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B3 Dependent variable: LPSE YMEAN 5.79199 S2 .440229 ARSQ .620912 SDEV 1.07763 S .663498 LMHET 7.71517 [.005] SSR 369.793 RSQ .633141 DW 1.89370 [<.417] INVESTOR #4 ===================== EQUATIONS: EQ_B4 NOB 869 SBIC 960.556 LOGL -862.429 Standard Parameter Estimate Error t-statistic P-value C_4 -.948376 .431257 -2.19910 [.028] A3_4 .178126 .048702 3.65745 [.000] A2_4 .502106 .096612 5.19715 [.000] P0_4 .234865 .091313 2.57209 [.010] P1_4 -.025682 .028557 -.899325 [.368] P2_4 .672519E-02 .027651 .243219 [.808] P3_4 .018037 .025032 .720539 [.471] P4_4 .015866 .023459 .676324 [.499] P5_4 .030894 .026581 1.16225 [.245] P6_4 -.052239 .024056 -2.17152 [.030] P7_4 -.036332 .025503 -1.42462 [.154] P8_4 -.870230E-02 .023745 -.366484 [.714] P9_4 .014809 .022552 .656632 [.511] P10_4 .026983 .023113 1.16746 [.243] P11_4 .814198E-03 .023165 .035147 [.972] P12_4 .073951 .024262 3.04802 [.002] P13_4 -.285382E-02 .023022 -.123963 [.901] P14_4 -.088031 .023982 -3.67072 [.000] P15_4 -.013688 .021656 -.632074 [.527] P16_4 .099407 .029165 3.40845 [.001] P17_4 .051545 .026193 1.96791 [.049] DI1_4 .167758 .047406 3.53877 [.000] DF1_4 -.460366E-02 .010717 -.429546 [.668] DI2_4 .140177 .050770 2.76100 [.006] DF2_4 .489679E-02 .988816E-02 .495218 [.620] S1_4 -.311669 .098280 -3.17122 [.002] S2_4 .157737 .045818 3.44268 [.001] S3_4 .065220 .031689 2.05811 [.040] B_4 -.027279 .039677 -.687519 [.492] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B4 Dependent variable: LPSE YMEAN 5.79199 S2 .440847 ARSQ .620381 SDEV 1.07763 S .663963 LMHET 7.66035 [.006] SSR 370.311 RSQ .632627 DW 1.89379 [<.417] INVESTOR #5 ===================== EQUATIONS: EQ_B5 NOB 869 SBIC 960.728 LOGL -862.601 Standard Parameter Estimate Error t-statistic P-value C_5 -.862590 .424433 -2.03234 [.042] A3_5 .177568 .048740 3.64320 [.000] A2_5 .499812 .096555 5.17643 [.000] P0_5 .229494 .091632 2.50452 [.012] P1_5 -.024705 .028554 -.865202 [.387] P2_5 .827134E-02 .027789 .297643 [.766] P3_5 .013871 .025622 .541364 [.588] P4_5 .016488 .023441 .703382 [.482] P5_5 .030389 .026631 1.14113 [.254] P6_5 -.051937 .024070 -2.15776 [.031] P7_5 -.035091 .025553 -1.37322 [.170] P8_5 -.823800E-02 .023739 -.347027 [.729] P9_5 .014283 .022555 .633248 [.527] P10_5 .026454 .023105 1.14496 [.252] P11_5 .134407E-02 .023171 .058007 [.954] P12_5 .071387 .024368 2.92959 [.003] P13_5 -.305308E-02 .023024 -.132604 [.895] P14_5 -.087971 .023987 -3.66742 [.000] P15_5 -.013743 .021660 -.634477 [.526] P16_5 .099120 .029174 3.39762 [.001] P17_5 .051583 .026209 1.96809 [.049] DI1_5 .165148 .047368 3.48646 [.000] DF1_5 -.435108E-02 .010719 -.405915 [.685] DI2_5 .139147 .050762 2.74119 [.006] DF2_5 .492858E-02 .989218E-02 .498230 [.618] S1_5 -.308694 .098479 -3.13462 [.002] S2_5 .156556 .045801 3.41816 [.001] S3_5 .064601 .031715 2.03694 [.042] B_5 .713973E-02 .019079 .374224 [.708] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B5 Dependent variable: LPSE YMEAN 5.79199 S2 .441021 ARSQ .620230 SDEV 1.07763 S .664094 LMHET 7.44716 [.006] SSR 370.458 RSQ .632481 DW 1.89639 [<.432] INVESTOR #6 ===================== EQUATIONS: EQ_B6 NOB 869 SBIC 960.135 LOGL -862.009 Standard Parameter Estimate Error t-statistic P-value C_6 -.781483 .430003 -1.81739 [.069] A3_6 .172571 .048930 3.52693 [.000] A2_6 .499870 .096482 5.18094 [.000] P0_6 .231468 .091211 2.53771 [.011] P1_6 -.022400 .028616 -.782779 [.434] P2_6 .666262E-02 .027632 .241117 [.809] P3_6 .014464 .024914 .580547 [.562] P4_6 .017289 .023404 .738714 [.460] P5_6 .029560 .026597 1.11140 [.266] P6_6 -.053336 .024066 -2.21621 [.027] P7_6 -.034331 .025507 -1.34596 [.178] P8_6 -.969237E-02 .023759 -.407942 [.683] P9_6 .014013 .022539 .621719 [.534] P10_6 .026172 .023090 1.13344 [.257] P11_6 .146270E-02 .023151 .063182 [.950] P12_6 .069624 .024296 2.86562 [.004] P13_6 -.268961E-02 .023009 -.116892 [.907] P14_6 -.089124 .023990 -3.71505 [.000] P15_6 -.013947 .021646 -.644314 [.519] P16_6 .099662 .029152 3.41871 [.001] P17_6 .050482 .026185 1.92788 [.054] DI1_6 .163511 .047345 3.45362 [.001] DF1_6 -.375227E-02 .010726 -.349814 [.726] DI2_6 .141260 .050759 2.78297 [.005] DF2_6 .496644E-02 .988368E-02 .502489 [.615] S1_6 -.312383 .098235 -3.17994 [.001] S2_6 .154729 .045801 3.37830 [.001] S3_6 .060691 .031902 1.90241 [.057] B_6 .029853 .026323 1.13410 [.257] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B6 Dependent variable: LPSE YMEAN 5.79199 S2 .440420 ARSQ .620748 SDEV 1.07763 S .663642 LMHET 7.06354 [.008] SSR 369.953 RSQ .632982 DW 1.89874 [<.446] INVESTOR #7 ===================== EQUATIONS: EQ_B7 NOB 869 SBIC 960.780 LOGL -862.654 Standard Parameter Estimate Error t-statistic P-value C_7 -.903717 .433578 -2.08432 [.037] A3_7 .178188 .048715 3.65779 [.000] A2_7 .500329 .096685 5.17483 [.000] P0_7 .233105 .091319 2.55265 [.011] P1_7 -.025158 .028560 -.880904 [.378] P2_7 .731386E-02 .027653 .264489 [.791] P3_7 .015677 .025006 .626926 [.531] P4_7 .016866 .023419 .720188 [.471] P5_7 .030739 .026613 1.15504 [.248] P6_7 -.052503 .024118 -2.17689 [.029] P7_7 -.035919 .025511 -1.40798 [.159] P8_7 -.814482E-02 .023741 -.343068 [.732] P9_7 .014589 .022563 .646575 [.518] P10_7 .026543 .023110 1.14853 [.251] P11_7 .111053E-02 .023167 .047936 [.962] P12_7 .073115 .024367 3.00059 [.003] P13_7 -.319267E-02 .023022 -.138679 [.890] P14_7 -.088062 .023989 -3.67092 [.000] P15_7 -.013817 .021664 -.637777 [.524] P16_7 .099267 .029172 3.40281 [.001] P17_7 .051216 .026197 1.95505 [.051] DI1_7 .166350 .047408 3.50891 [.000] DF1_7 -.447806E-02 .010720 -.417742 [.676] DI2_7 .139678 .050819 2.74857 [.006] DF2_7 .483231E-02 .989082E-02 .488565 [.625] S1_7 -.310903 .098300 -3.16279 [.002] S2_7 .156646 .045803 3.41997 [.001] S3_7 .065246 .031716 2.05722 [.040] B_7 -.740004E-02 .037767 -.195938 [.845] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B7 Dependent variable: LPSE YMEAN 5.79199 S2 .441075 ARSQ .620185 SDEV 1.07763 S .664134 LMHET 7.45540 [.006] SSR 370.503 RSQ .632437 DW 1.89516 [<.425] INVESTOR #8 ===================== EQUATIONS: EQ_B8 NOB 869 SBIC 957.841 LOGL -859.715 Standard Parameter Estimate Error t-statistic P-value C_8 -.787847 .421309 -1.87000 [.061] A3_8 .171870 .048622 3.53485 [.000] A2_8 .500279 .096228 5.19890 [.000] P0_8 .237739 .090992 2.61276 [.009] P1_8 -.026022 .028453 -.914547 [.360] P2_8 .657701E-02 .027556 .238674 [.811] P3_8 .017018 .024807 .686022 [.493] P4_8 .017309 .023340 .741606 [.458] P5_8 .029387 .026506 1.10870 [.268] P6_8 -.057589 .024087 -2.39085 [.017] P7_8 -.033834 .025422 -1.33091 [.183] P8_8 -.909192E-02 .023663 -.384229 [.701] P9_8 .013812 .022478 .614474 [.539] P10_8 .025397 .023032 1.10265 [.270] P11_8 .178677E-02 .023090 .077384 [.938] P12_8 .071094 .024105 2.94936 [.003] P13_8 -.444087E-02 .022950 -.193502 [.847] P14_8 -.087506 .023908 -3.66009 [.000] P15_8 -.013515 .021589 -.626040 [.531] P16_8 .100382 .029077 3.45228 [.001] P17_8 .051977 .026109 1.99074 [.047] DI1_8 .165664 .047176 3.51164 [.000] DF1_8 -.465131E-02 .010682 -.435448 [.663] DI2_8 .142808 .050615 2.82145 [.005] DF2_8 .478384E-02 .985711E-02 .485319 [.627] S1_8 -.316805 .097999 -3.23275 [.001] S2_8 .152143 .045687 3.33008 [.001] S3_8 .059216 .031682 1.86908 [.062] B_8 .049198 .020535 2.39575 [.017] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B8 Dependent variable: LPSE YMEAN 5.79199 S2 .438101 ARSQ .622745 SDEV 1.07763 S .661892 LMHET 8.54700 [.003] SSR 368.005 RSQ .634914 DW 1.91342 [<.532] INVESTOR #9 ===================== EQUATIONS: EQ_B9 NOB 869 SBIC 960.527 LOGL -862.400 Standard Parameter Estimate Error t-statistic P-value C_9 -.910387 .422368 -2.15543 [.031] A3_9 .179312 .048725 3.68007 [.000] A2_9 .496306 .096615 5.13695 [.000] P0_9 .233987 .091269 2.56371 [.010] P1_9 -.025460 .028545 -.891927 [.372] P2_9 .756979E-02 .027645 .273824 [.784] P3_9 .017510 .024951 .701768 [.483] P4_9 .017084 .023414 .729658 [.466] P5_9 .030798 .026581 1.15865 [.247] P6_9 -.050423 .024177 -2.08559 [.037] P7_9 -.036078 .025492 -1.41527 [.157] P8_9 -.821094E-02 .023733 -.345971 [.729] P9_9 .014949 .022556 .662771 [.507] P10_9 .026392 .023100 1.14255 [.253] P11_9 .103495E-02 .023160 .044687 [.964] P12_9 .072942 .024179 3.01677 [.003] P13_9 -.211752E-02 .023064 -.091812 [.927] P14_9 -.087736 .023984 -3.65807 [.000] P15_9 -.013883 .021656 -.641066 [.521] P16_9 .098979 .029166 3.39360 [.001] P17_9 .051375 .026189 1.96169 [.050] DI1_9 .167030 .047350 3.52756 [.000] DF1_9 -.425076E-02 .010717 -.396624 [.692] DI2_9 .138441 .050761 2.72731 [.006] DF2_9 .470278E-02 .988961E-02 .475527 [.634] S1_9 -.310399 .098274 -3.15849 [.002] S2_9 .156443 .045791 3.41648 [.001] S3_9 .066018 .031716 2.08154 [.037] B_9 -.014167 .019480 -.727259 [.467] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B9 Dependent variable: LPSE YMEAN 5.79199 S2 .440817 ARSQ .620406 SDEV 1.07763 S .663941 LMHET 7.51077 [.006] SSR 370.286 RSQ .632651 DW 1.89501 [<.424] INVESTOR #10 ====================== EQUATIONS: EQ_B10 NOB 869 SBIC 960.032 LOGL -861.905 Standard Parameter Estimate Error t-statistic P-value C_10 -.770510 .430532 -1.78967 [.074] A3_10 .182084 .048778 3.73294 [.000] A2_10 .488825 .096854 5.04701 [.000] P0_10 .236119 .091242 2.58782 [.010] P1_10 -.025703 .028528 -.900976 [.368] P2_10 .690106E-02 .027626 .249804 [.803] P3_10 .016946 .024875 .681247 [.496] P4_10 .016456 .023401 .703217 [.482] P5_10 .031981 .026578 1.20331 [.229] P6_10 -.050832 .024067 -2.11210 [.035] P7_10 -.035410 .025475 -1.38998 [.165] P8_10 -.715423E-02 .023735 -.301425 [.763] P9_10 .013898 .022537 .616642 [.537] P10_10 .025660 .023096 1.11102 [.267] P11_10 .472616E-03 .023153 .020413 [.984] P12_10 .070700 .024205 2.92095 [.003] P13_10 -.336942E-02 .023003 -.146481 [.884] P14_10 -.087582 .023970 -3.65380 [.000] P15_10 -.013592 .021644 -.627972 [.530] P16_10 .098432 .029155 3.37614 [.001] P17_10 .050088 .026191 1.91243 [.056] DI1_10 .164657 .047305 3.48079 [.000] DF1_10 -.474454E-02 .010711 -.442949 [.658] DI2_10 .136081 .050786 2.67951 [.007] DF2_10 .430395E-02 .989204E-02 .435093 [.663] S1_10 -.318082 .098389 -3.23288 [.001] S2_10 .156200 .045765 3.41307 [.001] S3_10 .064766 .031669 2.04506 [.041] B_10 .061143 .050146 1.21929 [.223] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B10 Dependent variable: LPSE YMEAN 5.79199 S2 .440315 ARSQ .620838 SDEV 1.07763 S .663563 LMHET 7.62060 [.006] SSR 369.865 RSQ .633069 DW 1.89069 [<.400] INVESTOR #11 ====================== EQUATIONS: EQ_B11 NOB 869 SBIC 960.149 LOGL -862.022 Standard Parameter Estimate Error t-statistic P-value C_11 -.827813 .423430 -1.95502 [.051] A3_11 .171372 .049056 3.49336 [.000] A2_11 .504802 .096605 5.22539 [.000] P0_11 .231514 .091212 2.53819 [.011] P1_11 -.024372 .028531 -.854246 [.393] P2_11 .802490E-02 .027638 .290360 [.772] P3_11 .014242 .024928 .571314 [.568] P4_11 .017002 .023402 .726532 [.468] P5_11 .028736 .026643 1.07855 [.281] P6_11 -.053567 .024077 -2.22484 [.026] P7_11 -.034953 .025487 -1.37144 [.170] P8_11 -.829749E-02 .023723 -.349767 [.727] P9_11 .013942 .022540 .618541 [.536] P10_11 .026258 .023090 1.13722 [.255] P11_11 .187934E-02 .023159 .081151 [.935] P12_11 .072826 .024163 3.01394 [.003] P13_11 -.371654E-02 .023010 -.161520 [.872] P14_11 -.088281 .023972 -3.68272 [.000] P15_11 -.013823 .021646 -.638611 [.523] P16_11 .100335 .029166 3.44019 [.001] P17_11 .050984 .026178 1.94759 [.051] DI1_11 .164606 .047314 3.47902 [.001] DF1_11 -.412470E-02 .010713 -.385008 [.700] DI2_11 .143116 .050846 2.81468 [.005] DF2_11 .501862E-02 .988445E-02 .507729 [.612] S1_11 -.311493 .098230 -3.17106 [.002] S2_11 .154700 .045803 3.37750 [.001] S3_11 .060579 .031920 1.89783 [.058] B_11 .023293 .020752 1.12248 [.262] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B11 Dependent variable: LPSE YMEAN 5.79199 S2 .440434 ARSQ .620736 SDEV 1.07763 S .663652 LMHET 7.02842 [.008] SSR 369.965 RSQ .632970 DW 1.90022 [<.455] INVESTOR #12 ====================== EQUATIONS: EQ_B12 NOB 869 SBIC 959.815 LOGL -861.689 Standard Parameter Estimate Error t-statistic P-value C_12 -.850533 .421044 -2.02006 [.043] A3_12 .181746 .048729 3.72973 [.000] A2_12 .488994 .096736 5.05491 [.000] P0_12 .235839 .091204 2.58585 [.010] P1_12 -.025115 .028515 -.880768 [.378] P2_12 .648729E-02 .027623 .234851 [.814] P3_12 .016897 .024866 .679500 [.497] P4_12 .016385 .023395 .700339 [.484] P5_12 .031976 .026568 1.20354 [.229] P6_12 -.052943 .024042 -2.20211 [.028] P7_12 -.035720 .025467 -1.40259 [.161] P8_12 -.713233E-02 .023726 -.300613 [.764] P9_12 .013947 .022530 .619017 [.536] P10_12 .027068 .023085 1.17254 [.241] P11_12 -.214832E-02 .023263 -.092348 [.926] P12_12 .073161 .024157 3.02859 [.002] P13_12 -.250228E-02 .023002 -.108785 [.913] P14_12 -.091163 .024069 -3.78750 [.000] P15_12 -.013644 .021638 -.630580 [.528] P16_12 .098293 .029148 3.37215 [.001] P17_12 .050997 .026168 1.94885 [.051] DI1_12 .167503 .047298 3.54141 [.000] DF1_12 -.469114E-02 .010707 -.438131 [.661] DI2_12 .135624 .050775 2.67109 [.008] DF2_12 .437264E-02 .988551E-02 .442328 [.658] S1_12 -.312730 .098199 -3.18464 [.001] S2_12 .156674 .045752 3.42439 [.001] S3_12 .064550 .031663 2.03866 [.041] B_12 .022985 .016649 1.38057 [.167] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B12 Dependent variable: LPSE YMEAN 5.79199 S2 .440096 ARSQ .621027 SDEV 1.07763 S .663397 LMHET 7.76709 [.005] SSR 369.681 RSQ .633252 DW 1.89713 [<.437] INVESTOR #13 ====================== EQUATIONS: EQ_B13 NOB 869 SBIC 959.869 LOGL -861.742 Standard Parameter Estimate Error t-statistic P-value C_13 -.771758 .428528 -1.80095 [.072] A3_13 .176133 .048688 3.61762 [.000] A2_13 .495706 .096490 5.13740 [.000] P0_13 .242023 .091451 2.64647 [.008] P1_13 -.028262 .028620 -.987491 [.323] P2_13 .833171E-02 .027632 .301524 [.763] P3_13 .018358 .024916 .736769 [.461] P4_13 .021219 .023616 .898502 [.369] P5_13 .030076 .026568 1.13202 [.258] P6_13 -.054581 .024104 -2.26444 [.024] P7_13 -.036524 .025475 -1.43371 [.152] P8_13 -.725508E-02 .023725 -.305795 [.760] P9_13 .015058 .022533 .668247 [.504] P10_13 .025999 .023084 1.12626 [.260] P11_13 .156039E-02 .023144 .067421 [.946] P12_13 .072113 .024156 2.98532 [.003] P13_13 -.205658E-02 .023014 -.089363 [.929] P14_13 -.088461 .023965 -3.69123 [.000] P15_13 -.014287 .021643 -.660107 [.509] P16_13 .098104 .029155 3.36495 [.001] P17_13 .048430 .026253 1.84477 [.065] DI1_13 .165950 .047286 3.50951 [.000] DF1_13 -.423608E-02 .010707 -.395627 [.692] DI2_13 .138780 .050712 2.73663 [.006] DF2_13 .470226E-02 .988070E-02 .475904 [.634] S1_13 -.325848 .098822 -3.29732 [.001] S2_13 .154128 .045794 3.36568 [.001] S3_13 .064076 .031671 2.02318 [.043] B_13 .056360 .041977 1.34264 [.179] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B13 Dependent variable: LPSE YMEAN 5.79199 S2 .440150 ARSQ .620981 SDEV 1.07763 S .663438 LMHET 8.04082 [.005] SSR 369.726 RSQ .633207 DW 1.89733 [<.438] INVESTOR #14 ====================== EQUATIONS: EQ_B14 NOB 869 SBIC 960.514 LOGL -862.388 Standard Parameter Estimate Error t-statistic P-value C_14 -.924680 .424383 -2.17888 [.029] A3_14 .175341 .048850 3.58939 [.000] A2_14 .507139 .097092 5.22330 [.000] P0_14 .231179 .091264 2.53307 [.011] P1_14 -.024865 .028538 -.871284 [.384] P2_14 .817991E-02 .027670 .295621 [.768] P3_14 .015654 .024890 .628934 [.529] P4_14 .017840 .023447 .760876 [.447] P5_14 .029321 .026672 1.09933 [.272] P6_14 -.049988 .024235 -2.06259 [.039] P7_14 -.035870 .025488 -1.40734 [.159] P8_14 -.832480E-02 .023733 -.350764 [.726] P9_14 .014254 .022547 .632187 [.527] P10_14 .026390 .023099 1.14245 [.253] P11_14 .266755E-02 .023249 .114737 [.909] P12_14 .074637 .024338 3.06665 [.002] P13_14 -.236299E-02 .023043 -.102549 [.918] P14_14 -.087253 .024003 -3.63509 [.000] P15_14 -.013764 .021655 -.635619 [.525] P16_14 .099945 .029176 3.42556 [.001] P17_14 .051279 .026188 1.95811 [.050] DI1_14 .166603 .047332 3.51986 [.000] DF1_14 -.457091E-02 .010716 -.426560 [.670] DI2_14 .141245 .050822 2.77921 [.005] DF2_14 .524562E-02 .990185E-02 .529761 [.596] S1_14 -.310131 .098276 -3.15570 [.002] S2_14 .156153 .045794 3.40988 [.001] S3_14 .066114 .031720 2.08430 [.037] B_14 -.033760 .045405 -.743525 [.457] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B14 Dependent variable: LPSE YMEAN 5.79199 S2 .440805 ARSQ .620417 SDEV 1.07763 S .663931 LMHET 7.42132 [.006] SSR 370.276 RSQ .632662 DW 1.90117 [<.460] INVESTOR #15 ====================== EQUATIONS: EQ_B15 NOB 869 SBIC 960.595 LOGL -862.468 Standard Parameter Estimate Error t-statistic P-value C_15 -.834289 .427873 -1.94985 [.051] A3_15 .179028 .048723 3.67444 [.000] A2_15 .495455 .096729 5.12210 [.000] P0_15 .228948 .091433 2.50400 [.012] P1_15 -.024094 .028575 -.843185 [.399] P2_15 .833635E-02 .027699 .300958 [.763] P3_15 .018026 .025060 .719312 [.472] P4_15 .018281 .023519 .777294 [.437] P5_15 .030617 .026588 1.15155 [.250] P6_15 -.051380 .024091 -2.13277 [.033] P7_15 -.035117 .025509 -1.37663 [.169] P8_15 -.757680E-02 .023755 -.318958 [.750] P9_15 .014305 .022549 .634385 [.526] P10_15 .026656 .023103 1.15377 [.249] P11_15 .145316E-02 .023166 .062727 [.950] P12_15 .069340 .024696 2.80773 [.005] P13_15 -.294184E-02 .023021 -.127791 [.898] P14_15 -.088139 .023984 -3.67496 [.000] P15_15 -.013689 .021657 -.632087 [.527] P16_15 .099250 .029166 3.40298 [.001] P17_15 .051274 .026190 1.95773 [.050] DI1_15 .164719 .047359 3.47813 [.001] DF1_15 -.417470E-02 .010723 -.389316 [.697] DI2_15 .136981 .050877 2.69238 [.007] DF2_15 .478020E-02 .988895E-02 .483388 [.629] S1_15 -.308488 .098357 -3.13642 [.002] S2_15 .156363 .045796 3.41434 [.001] S3_15 .065752 .031710 2.07353 [.038] B_15 .013965 .022159 .630208 [.529] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B15 Dependent variable: LPSE YMEAN 5.79199 S2 .440886 ARSQ .620347 SDEV 1.07763 S .663993 LMHET 7.43608 [.006] SSR 370.344 RSQ .632594 DW 1.89565 [<.428] INVESTOR #16 ====================== EQUATIONS: EQ_B16 NOB 869 SBIC 958.613 LOGL -860.487 Standard Parameter Estimate Error t-statistic P-value C_16 -.775456 .423049 -1.83302 [.067] A3_16 .167287 .048881 3.42235 [.001] A2_16 .508244 .096410 5.27172 [.000] P0_16 .231429 .091048 2.54182 [.011] P1_16 -.027063 .028493 -.949800 [.342] P2_16 .977298E-02 .027608 .353997 [.723] P3_16 .012341 .024895 .495735 [.620] P4_16 .016656 .023361 .712997 [.476] P5_16 .031506 .026523 1.18789 [.235] P6_16 -.054305 .024025 -2.26039 [.024] P7_16 -.033468 .025456 -1.31474 [.189] P8_16 -.998598E-02 .023697 -.421406 [.673] P9_16 .012967 .022508 .576114 [.565] P10_16 .022077 .023147 .953792 [.340] P11_16 .305729E-02 .023127 .132195 [.895] P12_16 .072908 .024120 3.02278 [.003] P13_16 -.327337E-02 .022965 -.142540 [.887] P14_16 -.087809 .023929 -3.66962 [.000] P15_16 -.014652 .021612 -.677951 [.498] P16_16 .097560 .029111 3.35129 [.001] P17_16 .051169 .026131 1.95819 [.050] DI1_16 .164646 .047221 3.48671 [.000] DF1_16 -.399916E-02 .010693 -.374002 [.708] DI2_16 .143623 .050683 2.83375 [.005] DF2_16 .551237E-02 .987110E-02 .558435 [.577] S1_16 -.315647 .098082 -3.21820 [.001] S2_16 .152825 .045727 3.34210 [.001] S3_16 .061168 .031673 1.93125 [.053] B_16 .027860 .013532 2.05881 [.040] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B16 Dependent variable: LPSE YMEAN 5.79199 S2 .438880 ARSQ .622074 SDEV 1.07763 S .662480 LMHET 8.60756 [.003] SSR 368.659 RSQ .634265 DW 1.90014 [<.454] INVESTOR #17 ====================== EQUATIONS: EQ_B17 NOB 869 SBIC 959.695 LOGL -861.569 Standard Parameter Estimate Error t-statistic P-value C_17 -.818396 .422652 -1.93633 [.053] A3_17 .189610 .049277 3.84784 [.000] A2_17 .482760 .097096 4.97196 [.000] P0_17 .244508 .091526 2.67145 [.008] P1_17 -.025077 .028511 -.879565 [.379] P2_17 .601792E-02 .027626 .217833 [.828] P3_17 .015899 .024858 .639613 [.522] P4_17 .016402 .023392 .701185 [.483] P5_17 .030846 .026555 1.16160 [.245] P6_17 -.055148 .024118 -2.28658 [.022] P7_17 -.034743 .025473 -1.36393 [.173] P8_17 -.709722E-02 .023722 -.299182 [.765] P9_17 .014311 .022524 .635378 [.525] P10_17 .027371 .023086 1.18562 [.236] P11_17 -.120220E-02 .023193 -.051835 [.959] P12_17 .072486 .024149 3.00161 [.003] P13_17 -.177088E-02 .023014 -.076948 [.939] P14_17 -.089260 .023973 -3.72334 [.000] P15_17 -.013483 .021636 -.623210 [.533] P16_17 .098930 .029136 3.39541 [.001] P17_17 .050961 .026164 1.94775 [.051] DI1_17 .167441 .047289 3.54079 [.000] DF1_17 -.580097E-02 .010745 -.539890 [.589] DI2_17 .134635 .050798 2.65042 [.008] DF2_17 .386372E-02 .990105E-02 .390233 [.696] S1_17 -.325302 .098667 -3.29698 [.001] S2_17 .155032 .045760 3.38796 [.001] S3_17 .068829 .031763 2.16696 [.030] B_17 .071561 .048930 1.46252 [.144] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B17 Dependent variable: LPSE YMEAN 5.79199 S2 .439974 ARSQ .621132 SDEV 1.07763 S .663306 LMHET 7.09463 [.008] SSR 369.578 RSQ .633353 DW 1.89442 [<.421] INVESTOR #18 ====================== EQUATIONS: EQ_B18 NOB 869 SBIC 959.617 LOGL -861.491 Standard Parameter Estimate Error t-statistic P-value C_18 -.883228 .420280 -2.10152 [.036] A3_18 .181511 .048699 3.72720 [.000] A2_18 .492944 .096516 5.10737 [.000] P0_18 .227830 .091205 2.49799 [.012] P1_18 -.024239 .028512 -.850134 [.395] P2_18 .622322E-02 .027619 .225321 [.822] P3_18 .015895 .024855 .639507 [.522] P4_18 .016443 .023389 .703036 [.482] P5_18 .036095 .026768 1.34846 [.178] P6_18 -.051994 .024031 -2.16366 [.030] P7_18 -.035262 .025463 -1.38481 [.166] P8_18 -.810923E-02 .023708 -.342043 [.732] P9_18 .014485 .022522 .643127 [.520] P10_18 .026067 .023077 1.12959 [.259] P11_18 .881462E-03 .023136 .038099 [.970] P12_18 .071664 .024153 2.96703 [.003] P13_18 -.302664E-02 .022991 -.131642 [.895] P14_18 -.088087 .023956 -3.67704 [.000] P15_18 -.013750 .021633 -.635607 [.525] P16_18 .098334 .029140 3.37459 [.001] P17_18 .051265 .026161 1.95961 [.050] DI1_18 .166539 .047274 3.52281 [.000] DF1_18 -.419343E-02 .010704 -.391751 [.695] DI2_18 .137969 .050703 2.72112 [.007] DF2_18 .460389E-02 .987856E-02 .466048 [.641] S1_18 -.306273 .098217 -3.11832 [.002] S2_18 .156884 .045742 3.42974 [.001] S3_18 .066600 .031671 2.10288 [.035] B_18 -.010156 .671090E-02 -1.51340 [.130] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B18 Dependent variable: LPSE YMEAN 5.79199 S2 .439895 ARSQ .621200 SDEV 1.07763 S .663246 LMHET 7.32099 [.007] SSR 369.512 RSQ .633419 DW 1.90020 [<.454] INVESTOR #19 ====================== EQUATIONS: EQ_B19 NOB 869 SBIC 960.453 LOGL -862.326 Standard Parameter Estimate Error t-statistic P-value C_19 -.859827 .421655 -2.03917 [.041] A3_19 .176162 .048759 3.61292 [.000] A2_19 .500253 .096523 5.18273 [.000] P0_19 .234985 .091288 2.57411 [.010] P1_19 -.025108 .028536 -.879876 [.379] P2_19 .680688E-02 .027643 .246245 [.805] P3_19 .016555 .024884 .665291 [.506] P4_19 .016809 .023410 .718041 [.473] P5_19 .031180 .026579 1.17311 [.241] P6_19 -.054025 .024158 -2.23629 [.025] P7_19 -.035356 .025490 -1.38706 [.165] P8_19 -.761462E-02 .023741 -.320732 [.748] P9_19 .014208 .022546 .630165 [.529] P10_19 .026718 .023100 1.15665 [.247] P11_19 .127654E-02 .023158 .055123 [.956] P12_19 .072715 .024171 3.00833 [.003] P13_19 -.282261E-02 .023018 -.122626 [.902] P14_19 -.088192 .023980 -3.67772 [.000] P15_19 -.013716 .021654 -.633426 [.526] P16_19 .099377 .029161 3.40788 [.001] P17_19 .051718 .026192 1.97454 [.048] DI1_19 .165361 .047321 3.49445 [.000] DF1_19 -.441000E-02 .010713 -.411631 [.681] DI2_19 .140808 .050782 2.77278 [.006] DF2_19 .485693E-02 .988674E-02 .491257 [.623] S1_19 -.314409 .098354 -3.19673 [.001] S2_19 .156247 .045789 3.41236 [.001] S3_19 .063370 .031748 1.99599 [.046] B_19 .948216E-02 .011563 .820039 [.412] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B19 Dependent variable: LPSE YMEAN 5.79199 S2 .440742 ARSQ .620471 SDEV 1.07763 S .663884 LMHET 7.51903 [.006] SSR 370.223 RSQ .632714 DW 1.89506 [<.425] INVESTOR #20 ====================== EQUATIONS: EQ_B20 NOB 869 SBIC 960.034 LOGL -861.908 Standard Parameter Estimate Error t-statistic P-value C_20 -.807543 .425057 -1.89985 [.057] A3_20 .182022 .048775 3.73189 [.000] A2_20 .488220 .096901 5.03833 [.000] P0_20 .240963 .091457 2.63470 [.008] P1_20 -.026899 .028565 -.941690 [.346] P2_20 .833084E-02 .027640 .301407 [.763] P3_20 .015072 .024883 .605723 [.545] P4_20 .018678 .023445 .796652 [.426] P5_20 .031213 .026566 1.17494 [.240] P6_20 -.052149 .024042 -2.16910 [.030] P7_20 -.035642 .025474 -1.39917 [.162] P8_20 -.715833E-02 .023735 -.301598 [.763] P9_20 .013887 .022538 .616168 [.538] P10_20 .024145 .023164 1.04232 [.297] P11_20 .228004E-02 .023165 .098426 [.922] P12_20 .070741 .024203 2.92287 [.003] P13_20 -.267328E-02 .023006 -.116198 [.907] P14_20 -.087729 .023969 -3.66015 [.000] P15_20 -.013767 .021643 -.636106 [.525] P16_20 .097891 .029169 3.35594 [.001] P17_20 .050100 .026191 1.91290 [.056] DI1_20 .164991 .047300 3.48819 [.000] DF1_20 -.424969E-02 .010709 -.396820 [.692] DI2_20 .134430 .050873 2.64246 [.008] DF2_20 .464598E-02 .988338E-02 .470081 [.638] S1_20 -.319872 .098489 -3.24781 [.001] S2_20 .155450 .045775 3.39598 [.001] S3_20 .066719 .031699 2.10475 [.035] B_20 .029382 .024131 1.21762 [.223] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B20 Dependent variable: LPSE YMEAN 5.79199 S2 .440318 ARSQ .620836 SDEV 1.07763 S .663564 LMHET 7.67756 [.006] SSR 369.867 RSQ .633067 DW 1.89351 [<.416] INVESTOR #21 ====================== EQUATIONS: EQ_B21 NOB 869 SBIC 956.951 LOGL -858.825 Standard Parameter Estimate Error t-statistic P-value C_21 -.746121 .421986 -1.76812 [.077] A3_21 .163801 .048785 3.35760 [.001] A2_21 .510287 .096212 5.30378 [.000] P0_21 .232827 .090873 2.56213 [.010] P1_21 -.022683 .028433 -.797767 [.425] P2_21 .765146E-02 .027527 .277958 [.781] P3_21 .018966 .024800 .764737 [.444] P4_21 .014996 .023326 .642874 [.520] P5_21 .030060 .026473 1.13552 [.256] P6_21 -.057090 .024024 -2.37638 [.017] P7_21 -.031693 .025426 -1.24644 [.213] P8_21 -.850378E-02 .023636 -.359784 [.719] P9_21 .014458 .022453 .643903 [.520] P10_21 .026344 .023005 1.14516 [.252] P11_21 -.193244E-02 .023092 -.083685 [.933] P12_21 .069018 .024107 2.86300 [.004] P13_21 -.354151E-02 .022921 -.154509 [.877] P14_21 -.087730 .023883 -3.67336 [.000] P15_21 -.013367 .021567 -.619790 [.535] P16_21 .099223 .029044 3.41635 [.001] P17_21 .051866 .026082 1.98858 [.047] DI1_21 .163829 .047133 3.47588 [.001] DF1_21 -.406580E-02 .010671 -.381007 [.703] DI2_21 .150129 .050698 2.96122 [.003] DF2_21 .475572E-02 .984704E-02 .482959 [.629] S1_21 -.317125 .097894 -3.23947 [.001] S2_21 .151745 .045637 3.32502 [.001] S3_21 .054734 .031780 1.72226 [.085] B_21 .071171 .026034 2.73381 [.006] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B21 Dependent variable: LPSE YMEAN 5.79199 S2 .437205 ARSQ .623517 SDEV 1.07763 S .661215 LMHET 8.69787 [.003] SSR 367.252 RSQ .635661 DW 1.90956 [<.509] INVESTOR #22 ====================== EQUATIONS: EQ_B22 NOB 869 SBIC 960.737 LOGL -862.611 Standard Parameter Estimate Error t-statistic P-value C_22 -.861349 .425505 -2.02430 [.043] A3_22 .177470 .048756 3.64000 [.000] A2_22 .498333 .096591 5.15919 [.000] P0_22 .234370 .091420 2.56367 [.010] P1_22 -.025064 .028546 -.878032 [.380] P2_22 .583339E-02 .027932 .208843 [.835] P3_22 .016167 .024887 .649613 [.516] P4_22 .016672 .023425 .711727 [.477] P5_22 .031515 .026633 1.18330 [.237] P6_22 -.052101 .024062 -2.16523 [.030] P7_22 -.035778 .025494 -1.40338 [.161] P8_22 -.824978E-02 .023739 -.347515 [.728] P9_22 .014470 .022551 .641671 [.521] P10_22 .026432 .023105 1.14399 [.253] P11_22 .116332E-02 .023165 .050218 [.960] P12_22 .070987 .024577 2.88830 [.004] P13_22 -.324413E-02 .023021 -.140920 [.888] P14_22 -.088380 .024009 -3.68110 [.000] P15_22 -.014048 .021678 -.648063 [.517] P16_22 .098759 .029210 3.38103 [.001] P17_22 .049785 .026531 1.87646 [.061] DI1_22 .165552 .047340 3.49708 [.000] DF1_22 -.429434E-02 .010725 -.400420 [.689] DI2_22 .139402 .050765 2.74606 [.006] DF2_22 .484234E-02 .989000E-02 .489620 [.624] S1_22 -.313476 .098562 -3.18049 [.001] S2_22 .156591 .045801 3.41891 [.001] S3_22 .064141 .031796 2.01722 [.044] B_22 .512766E-02 .014720 .348343 [.728] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B22 Dependent variable: LPSE YMEAN 5.79199 S2 .441031 ARSQ .620222 SDEV 1.07763 S .664102 LMHET 7.56575 [.006] SSR 370.466 RSQ .632473 DW 1.89408 [<.419] INVESTOR #23 ====================== EQUATIONS: EQ_B23 NOB 869 SBIC 960.800 LOGL -862.674 Standard Parameter Estimate Error t-statistic P-value C_23 -.883084 .421500 -2.09510 [.036] A3_23 .178200 .048747 3.65563 [.000] A2_23 .499311 .096614 5.16808 [.000] P0_23 .232506 .091394 2.54399 [.011] P1_23 -.024967 .028643 -.871666 [.383] P2_23 .721703E-02 .027650 .261010 [.794] P3_23 .016126 .025087 .642793 [.520] P4_23 .016880 .023420 .720774 [.471] P5_23 .030976 .026616 1.16384 [.244] P6_23 -.052177 .024070 -2.16768 [.030] P7_23 -.035742 .025497 -1.40183 [.161] P8_23 -.818419E-02 .023756 -.344505 [.730] P9_23 .014447 .022560 .640386 [.522] P10_23 .026464 .023113 1.14500 [.252] P11_23 .115055E-02 .023172 .049653 [.960] P12_23 .072525 .024181 2.99932 [.003] P13_23 -.319847E-02 .023031 -.138880 [.890] P14_23 -.088024 .023992 -3.66887 [.000] P15_23 -.013749 .021662 -.634713 [.526] P16_23 .099289 .029173 3.40346 [.001] P17_23 .051250 .026197 1.95629 [.050] DI1_23 .165838 .047337 3.50336 [.000] DF1_23 -.443524E-02 .010718 -.413822 [.679] DI2_23 .139202 .050804 2.74001 [.006] DF2_23 .484776E-02 .989119E-02 .490109 [.624] S1_23 -.310916 .098389 -3.16008 [.002] S2_23 .156660 .045805 3.42014 [.001] S3_23 .065035 .031713 2.05074 [.040] B_23 .562981E-04 .678944E-02 .829202E-02 [.993] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B23 Dependent variable: LPSE YMEAN 5.79199 S2 .441095 ARSQ .620167 SDEV 1.07763 S .664150 LMHET 7.45136 [.006] SSR 370.520 RSQ .632420 DW 1.89568 [<.428] INVESTOR #24 ====================== EQUATIONS: EQ_B24 NOB 869 SBIC 960.595 LOGL -862.468 Standard Parameter Estimate Error t-statistic P-value C_24 -.834289 .427873 -1.94985 [.051] A3_24 .179028 .048723 3.67444 [.000] A2_24 .495455 .096729 5.12210 [.000] P0_24 .228948 .091433 2.50400 [.012] P1_24 -.024094 .028575 -.843185 [.399] P2_24 .833635E-02 .027699 .300958 [.763] P3_24 .018026 .025060 .719312 [.472] P4_24 .018281 .023519 .777294 [.437] P5_24 .030617 .026588 1.15155 [.250] P6_24 -.051380 .024091 -2.13277 [.033] P7_24 -.035117 .025509 -1.37663 [.169] P8_24 -.757680E-02 .023755 -.318958 [.750] P9_24 .014305 .022549 .634385 [.526] P10_24 .026656 .023103 1.15377 [.249] P11_24 .145316E-02 .023166 .062727 [.950] P12_24 .069340 .024696 2.80773 [.005] P13_24 -.294184E-02 .023021 -.127791 [.898] P14_24 -.088139 .023984 -3.67496 [.000] P15_24 -.013689 .021657 -.632087 [.527] P16_24 .099250 .029166 3.40298 [.001] P17_24 .051274 .026190 1.95773 [.050] DI1_24 .164719 .047359 3.47813 [.001] DF1_24 -.417470E-02 .010723 -.389316 [.697] DI2_24 .136981 .050877 2.69238 [.007] DF2_24 .478020E-02 .988895E-02 .483388 [.629] S1_24 -.308488 .098357 -3.13642 [.002] S2_24 .156363 .045796 3.41434 [.001] S3_24 .065752 .031710 2.07353 [.038] B_24 .013965 .022159 .630208 [.529] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B24 Dependent variable: LPSE YMEAN 5.79199 S2 .440886 ARSQ .620347 SDEV 1.07763 S .663993 LMHET 7.43608 [.006] SSR 370.344 RSQ .632594 DW 1.89565 [<.428] INVESTOR #25 ====================== EQUATIONS: EQ_B25 NOB 869 SBIC 959.008 LOGL -860.881 Standard Parameter Estimate Error t-statistic P-value C_25 -.811684 .421739 -1.92461 [.054] A3_25 .168569 .048889 3.44801 [.001] A2_25 .508289 .096476 5.26856 [.000] P0_25 .232683 .091088 2.55449 [.011] P1_25 -.024715 .028488 -.867554 [.386] P2_25 .678391E-02 .027593 .245854 [.806] P3_25 .017817 .024854 .716862 [.473] P4_25 .016581 .023372 .709444 [.478] P5_25 .030437 .026535 1.14704 [.251] P6_25 -.056158 .024108 -2.32943 [.020] P7_25 -.034920 .025447 -1.37223 [.170] P8_25 -.768960E-02 .023693 -.324550 [.746] P9_25 .014840 .022507 .659349 [.510] P10_25 .026203 .023060 1.13633 [.256] P11_25 .417575E-03 .023122 .018059 [.986] P12_25 .072449 .024130 3.00244 [.003] P13_25 -.301213E-02 .022975 -.131103 [.896] P14_25 -.087937 .023939 -3.67335 [.000] P15_25 -.013684 .021618 -.633010 [.527] P16_25 .100167 .029116 3.44025 [.001] P17_25 .051558 .026143 1.97213 [.049] DI1_25 .166019 .047239 3.51443 [.000] DF1_25 -.440805E-02 .010696 -.412135 [.680] DI2_25 .145734 .050781 2.86983 [.004] DF2_25 .494393E-02 .987045E-02 .500882 [.616] S1_25 -.315888 .098136 -3.21890 [.001] S2_25 .154478 .045725 3.37843 [.001] S3_25 .058932 .031800 1.85319 [.064] B_25 .031698 .017011 1.86337 [.062] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B25 Dependent variable: LPSE YMEAN 5.79199 S2 .439279 ARSQ .621731 SDEV 1.07763 S .662781 LMHET 7.97819 [.005] SSR 368.994 RSQ .633933 DW 1.90026 [<.455]