Equation 5 restricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 84 Mean of dep. var. = 6.53901 LM het. test = .777306 [.378] Std. dev. of dep. var. = .950894 Durbin-Watson = 1.95549 [<.600] Sum of squared residuals = 28.0908 Jarque-Bera test = 7.47587 [.024] Variance of residuals = .355580 Ramsey's RESET2 = .379488 [.540] Std. error of regression = .596305 F (zero slopes) = 33.0148 [.000] R-squared = .625776 Schwarz B.I.C. = 84.2622 Adjusted R-squared = .606828 Log likelihood = -73.1851 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .802762 .188646 4.25539 ** [.000] LPRICE3 .143077 .107000 1.33717 [.185] LSUPPLY1 .428453 .168691 2.53987 * [.013] LSUPPLY2 -.127272 .194250 -.655195 [.514] LSUPPLY3 -.034567 .085141 -.406001 [.686] Equation 6 unrestricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 84 Mean of dep. var. = 6.53901 LM het. test = .464499 [.496] Std. dev. of dep. var. = .950894 Durbin-Watson = 1.81020 [<.982] Sum of squared residuals = 23.1024 Jarque-Bera test = 6.57092 [.037] Variance of residuals = .391565 Ramsey's RESET2 = .240815 [.625] Std. error of regression = .625752 F (zero slopes) = 5.52761 [.000] R-squared = .692168 Schwarz B.I.C. = 120.359 Adjusted R-squared = .566948 Log likelihood = -64.9738 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .527877 .269909 1.95576 [.055] LPRICE3 .268125 .135517 1.97854 [.052] LSUPPLY1 .160272 .323085 .496068 [.622] LSUPPLY2 .129090 .244086 .528871 [.599] LSUPPLY3 -.035949 .110805 -.324432 [.747] C .032387 2.33700 .013858 [.989] LTNS .065887 .253166 .260253 [.796] LSUPPLY1 0. 0. 0. [1.00] FOWNER1 .031247 .056365 .554365 [.581] FOWNER2 -.044224 .082308 -.537301 [.593] FOWNER3 .013441 .048537 .276916 [.783] FOWNER4 -.038876 .094317 -.412183 [.682] FDUMMY1 -.051946 .104117 -.498920 [.620] FDUMMY2 -.073586 .069912 -1.05255 [.297] FDUMMY3 -.312955 .138401 -2.26121 * [.027] FDUMMY4 .119953 .150981 .794490 [.430] FDUMMY5 -.020030 .080851 -.247741 [.805] FDUMMY6 -.054122 .115227 -.469695 [.640] FDUMMY7 .025693 .088529 .290217 [.773] FDUMMY8 .068369 .087562 .780814 [.438] FDUMMY9 .056714 .115130 .492607 [.624] FDUMMY10 -.043270 .122961 -.351897 [.726] FSTAT1 .784566 .890955 .880590 [.382] FSTAT2 .055681 .102464 .543425 [.589] FSTAT3 .050854 .209996 .242165 [.809] F(20,59) Test Statistic: 0.6369909, Upper tail area: .86782