Equation 27 restricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 596 Mean of dep. var. = 5.62707 LM het. test = 4.27971 [.039] Std. dev. of dep. var. = 1.07237 Durbin-Watson = 1.93264 [<.309] Sum of squared residuals = 320.193 Jarque-Bera test = 32.7752 [.000] Variance of residuals = .543621 Ramsey's RESET2 = .343951 [.558] Std. error of regression = .737307 F (zero slopes) = 111.610 [.000] R-squared = .532059 Schwarz B.I.C. = 682.901 Adjusted R-squared = .527292 Log likelihood = -660.535 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .388798 .059018 6.58777 ** [.000] LPRICE3 .123341 .100246 1.23039 [.219] LPRICE4 .318289 .116527 2.73147 ** [.006] LSUPPLY1 -.160656 .048166 -3.33543 ** [.001] LSUPPLY2 .232675 .051928 4.48072 ** [.000] LSUPPLY3 .195438 .058200 3.35803 ** [.001] LSUPPLY4 .031379 .048875 .642021 [.521] Equation 28 unrestricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 596 Mean of dep. var. = 5.62707 LM het. test = 5.72413 [.017] Std. dev. of dep. var. = 1.07237 Durbin-Watson = 1.95761 [<.828] Sum of squared residuals = 300.389 Jarque-Bera test = 34.3388 [.000] Variance of residuals = .527924 Ramsey's RESET2 = .275014 [.600] Std. error of regression = .726584 F (zero slopes) = 27.9648 [.000] R-squared = .560986 Schwarz B.I.C. = 727.777 Adjusted R-squared = .540925 Log likelihood = -641.509 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .386513 .060856 6.35124 ** [.000] LPRICE3 .133519 .102432 1.30349 [.193] LPRICE4 .299361 .123433 2.42528 * [.016] LSUPPLY1 -.401804 .140407 -2.86171 ** [.004] LSUPPLY2 .211130 .052791 3.99934 ** [.000] LSUPPLY3 .205616 .059086 3.47995 ** [.001] LSUPPLY4 .018687 .048723 .383530 [.701] C -.716552 .628642 -1.13984 [.255] LTNS .327244 .139711 2.34229 * [.020] LSUPPLY1 0. 0. 0. [1.00] FOWNER1 -.062204 .050311 -1.23639 [.217] FOWNER2 -.767695E-02 .038207 -.200930 [.841] FOWNER3 .017985 .041898 .429257 [.668] FOWNER4 .021217 .029864 .710461 [.478] FDUMMY1 .019248 .034615 .556053 [.578] FDUMMY2 -.082685 .033875 -2.44090 * [.015] FDUMMY3 -.024308 .031076 -.782190 [.434] FDUMMY4 -.013187 .029291 -.450215 [.653] FDUMMY5 .014536 .029788 .487974 [.626] FDUMMY6 .032211 .029506 1.09166 [.275] FDUMMY7 -.647051E-02 .029942 -.216098 [.829] FDUMMY8 .018518 .031143 .594606 [.552] FDUMMY9 -.010702 .029817 -.358920 [.720] FDUMMY10 -.070688 .028678 -2.46490 * [.014] FSTAT1 -.741890E-02 .023690 -.313167 [.754] FSTAT2 .087921 .034456 2.55169 * [.011] FSTAT3 .034712 .031472 1.10297 [.271] F(20,569) Test Statistic: 1.875639, Upper tail area: .01204