INVESTOR #1 ===================== EQUATIONS: EQ_NB1 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_1 -1.03256 .438382 -2.35539 [.019] A4_1 .139335 .106686 1.30603 [.192] A3_1 .274896 .140677 1.95409 [.051] A2_1 .326304 .119756 2.72474 [.006] P0_1 .206560 .093017 2.22066 [.026] P1_1 -.025324 .028837 -.878201 [.380] P2_1 .404622E-02 .028138 .143799 [.886] P3_1 .013898 .024891 .558355 [.577] P4_1 .017003 .023871 .712276 [.476] P5_1 .024252 .026866 .902704 [.367] P6_1 -.064454 .024263 -2.65651 [.008] P7_1 -.035135 .025847 -1.35930 [.174] P8_1 -.013947 .024392 -.571786 [.567] P9_1 .010819 .022757 .475432 [.634] P10_1 .023249 .023164 1.00366 [.316] P11_1 .130676E-02 .023351 .055962 [.955] P12_1 .068954 .024197 2.84965 [.004] P13_1 -.716357E-02 .023267 -.307889 [.758] P14_1 -.081843 .024004 -3.40960 [.001] P15_1 -.010923 .021622 -.505197 [.613] P16_1 .095655 .029282 3.26675 [.001] P17_1 .051429 .026642 1.93042 [.054] DI1_1 .139404 .047904 2.91007 [.004] DF1_1 -.273822E-02 .011029 -.248273 [.804] DI2_1 .032725 .066463 .492371 [.622] DF2_1 .568846E-02 .010288 .552924 [.580] DI3_1 .127953 .057208 2.23663 [.025] DF3_1 .358266E-03 .959352E-02 .037345 [.970] S1_1 -.275359 .100637 -2.73616 [.006] S2_1 .153680 .046273 3.32113 [.001] S3_1 .057657 .051711 1.11497 [.265] S4_1 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB1 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #2 ===================== EQUATIONS: EQ_NB2 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_2 -1.03256 .438382 -2.35539 [.019] A4_2 .139335 .106686 1.30603 [.192] A3_2 .274896 .140677 1.95409 [.051] A2_2 .326304 .119756 2.72474 [.006] P0_2 .206560 .093017 2.22066 [.026] P1_2 -.025324 .028837 -.878201 [.380] P2_2 .404622E-02 .028138 .143799 [.886] P3_2 .013898 .024891 .558355 [.577] P4_2 .017003 .023871 .712276 [.476] P5_2 .024252 .026866 .902704 [.367] P6_2 -.064454 .024263 -2.65651 [.008] P7_2 -.035135 .025847 -1.35930 [.174] P8_2 -.013947 .024392 -.571786 [.567] P9_2 .010819 .022757 .475432 [.634] P10_2 .023249 .023164 1.00366 [.316] P11_2 .130676E-02 .023351 .055962 [.955] P12_2 .068954 .024197 2.84965 [.004] P13_2 -.716357E-02 .023267 -.307889 [.758] P14_2 -.081843 .024004 -3.40960 [.001] P15_2 -.010923 .021622 -.505197 [.613] P16_2 .095655 .029282 3.26675 [.001] P17_2 .051429 .026642 1.93042 [.054] DI1_2 .139404 .047904 2.91007 [.004] DF1_2 -.273822E-02 .011029 -.248273 [.804] DI2_2 .032725 .066463 .492371 [.622] DF2_2 .568846E-02 .010288 .552924 [.580] DI3_2 .127953 .057208 2.23663 [.025] DF3_2 .358266E-03 .959352E-02 .037345 [.970] S1_2 -.275359 .100637 -2.73616 [.006] S2_2 .153680 .046273 3.32113 [.001] S3_2 .057657 .051711 1.11497 [.265] S4_2 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB2 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #3 ===================== EQUATIONS: EQ_NB3 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_3 -1.03256 .438382 -2.35539 [.019] A4_3 .139335 .106686 1.30603 [.192] A3_3 .274896 .140677 1.95409 [.051] A2_3 .326304 .119756 2.72474 [.006] P0_3 .206560 .093017 2.22066 [.026] P1_3 -.025324 .028837 -.878201 [.380] P2_3 .404622E-02 .028138 .143799 [.886] P3_3 .013898 .024891 .558355 [.577] P4_3 .017003 .023871 .712276 [.476] P5_3 .024252 .026866 .902704 [.367] P6_3 -.064454 .024263 -2.65651 [.008] P7_3 -.035135 .025847 -1.35930 [.174] P8_3 -.013947 .024392 -.571786 [.567] P9_3 .010819 .022757 .475432 [.634] P10_3 .023249 .023164 1.00366 [.316] P11_3 .130676E-02 .023351 .055962 [.955] P12_3 .068954 .024197 2.84965 [.004] P13_3 -.716357E-02 .023267 -.307889 [.758] P14_3 -.081843 .024004 -3.40960 [.001] P15_3 -.010923 .021622 -.505197 [.613] P16_3 .095655 .029282 3.26675 [.001] P17_3 .051429 .026642 1.93042 [.054] DI1_3 .139404 .047904 2.91007 [.004] DF1_3 -.273822E-02 .011029 -.248273 [.804] DI2_3 .032725 .066463 .492371 [.622] DF2_3 .568846E-02 .010288 .552924 [.580] DI3_3 .127953 .057208 2.23663 [.025] DF3_3 .358266E-03 .959352E-02 .037345 [.970] S1_3 -.275359 .100637 -2.73616 [.006] S2_3 .153680 .046273 3.32113 [.001] S3_3 .057657 .051711 1.11497 [.265] S4_3 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB3 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #4 ===================== EQUATIONS: EQ_NB4 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_4 -1.03256 .438382 -2.35539 [.019] A4_4 .139335 .106686 1.30603 [.192] A3_4 .274896 .140677 1.95409 [.051] A2_4 .326304 .119756 2.72474 [.006] P0_4 .206560 .093017 2.22066 [.026] P1_4 -.025324 .028837 -.878201 [.380] P2_4 .404622E-02 .028138 .143799 [.886] P3_4 .013898 .024891 .558355 [.577] P4_4 .017003 .023871 .712276 [.476] P5_4 .024252 .026866 .902704 [.367] P6_4 -.064454 .024263 -2.65651 [.008] P7_4 -.035135 .025847 -1.35930 [.174] P8_4 -.013947 .024392 -.571786 [.567] P9_4 .010819 .022757 .475432 [.634] P10_4 .023249 .023164 1.00366 [.316] P11_4 .130676E-02 .023351 .055962 [.955] P12_4 .068954 .024197 2.84965 [.004] P13_4 -.716357E-02 .023267 -.307889 [.758] P14_4 -.081843 .024004 -3.40960 [.001] P15_4 -.010923 .021622 -.505197 [.613] P16_4 .095655 .029282 3.26675 [.001] P17_4 .051429 .026642 1.93042 [.054] DI1_4 .139404 .047904 2.91007 [.004] DF1_4 -.273822E-02 .011029 -.248273 [.804] DI2_4 .032725 .066463 .492371 [.622] DF2_4 .568846E-02 .010288 .552924 [.580] DI3_4 .127953 .057208 2.23663 [.025] DF3_4 .358266E-03 .959352E-02 .037345 [.970] S1_4 -.275359 .100637 -2.73616 [.006] S2_4 .153680 .046273 3.32113 [.001] S3_4 .057657 .051711 1.11497 [.265] S4_4 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB4 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #5 ===================== EQUATIONS: EQ_NB5 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_5 -1.03256 .438382 -2.35539 [.019] A4_5 .139335 .106686 1.30603 [.192] A3_5 .274896 .140677 1.95409 [.051] A2_5 .326304 .119756 2.72474 [.006] P0_5 .206560 .093017 2.22066 [.026] P1_5 -.025324 .028837 -.878201 [.380] P2_5 .404622E-02 .028138 .143799 [.886] P3_5 .013898 .024891 .558355 [.577] P4_5 .017003 .023871 .712276 [.476] P5_5 .024252 .026866 .902704 [.367] P6_5 -.064454 .024263 -2.65651 [.008] P7_5 -.035135 .025847 -1.35930 [.174] P8_5 -.013947 .024392 -.571786 [.567] P9_5 .010819 .022757 .475432 [.634] P10_5 .023249 .023164 1.00366 [.316] P11_5 .130676E-02 .023351 .055962 [.955] P12_5 .068954 .024197 2.84965 [.004] P13_5 -.716357E-02 .023267 -.307889 [.758] P14_5 -.081843 .024004 -3.40960 [.001] P15_5 -.010923 .021622 -.505197 [.613] P16_5 .095655 .029282 3.26675 [.001] P17_5 .051429 .026642 1.93042 [.054] DI1_5 .139404 .047904 2.91007 [.004] DF1_5 -.273822E-02 .011029 -.248273 [.804] DI2_5 .032725 .066463 .492371 [.622] DF2_5 .568846E-02 .010288 .552924 [.580] DI3_5 .127953 .057208 2.23663 [.025] DF3_5 .358266E-03 .959352E-02 .037345 [.970] S1_5 -.275359 .100637 -2.73616 [.006] S2_5 .153680 .046273 3.32113 [.001] S3_5 .057657 .051711 1.11497 [.265] S4_5 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB5 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #6 ===================== EQUATIONS: EQ_NB6 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_6 -1.03256 .438382 -2.35539 [.019] A4_6 .139335 .106686 1.30603 [.192] A3_6 .274896 .140677 1.95409 [.051] A2_6 .326304 .119756 2.72474 [.006] P0_6 .206560 .093017 2.22066 [.026] P1_6 -.025324 .028837 -.878201 [.380] P2_6 .404622E-02 .028138 .143799 [.886] P3_6 .013898 .024891 .558355 [.577] P4_6 .017003 .023871 .712276 [.476] P5_6 .024252 .026866 .902704 [.367] P6_6 -.064454 .024263 -2.65651 [.008] P7_6 -.035135 .025847 -1.35930 [.174] P8_6 -.013947 .024392 -.571786 [.567] P9_6 .010819 .022757 .475432 [.634] P10_6 .023249 .023164 1.00366 [.316] P11_6 .130676E-02 .023351 .055962 [.955] P12_6 .068954 .024197 2.84965 [.004] P13_6 -.716357E-02 .023267 -.307889 [.758] P14_6 -.081843 .024004 -3.40960 [.001] P15_6 -.010923 .021622 -.505197 [.613] P16_6 .095655 .029282 3.26675 [.001] P17_6 .051429 .026642 1.93042 [.054] DI1_6 .139404 .047904 2.91007 [.004] DF1_6 -.273822E-02 .011029 -.248273 [.804] DI2_6 .032725 .066463 .492371 [.622] DF2_6 .568846E-02 .010288 .552924 [.580] DI3_6 .127953 .057208 2.23663 [.025] DF3_6 .358266E-03 .959352E-02 .037345 [.970] S1_6 -.275359 .100637 -2.73616 [.006] S2_6 .153680 .046273 3.32113 [.001] S3_6 .057657 .051711 1.11497 [.265] S4_6 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB6 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #7 ===================== EQUATIONS: EQ_NB7 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_7 -1.03256 .438382 -2.35539 [.019] A4_7 .139335 .106686 1.30603 [.192] A3_7 .274896 .140677 1.95409 [.051] A2_7 .326304 .119756 2.72474 [.006] P0_7 .206560 .093017 2.22066 [.026] P1_7 -.025324 .028837 -.878201 [.380] P2_7 .404622E-02 .028138 .143799 [.886] P3_7 .013898 .024891 .558355 [.577] P4_7 .017003 .023871 .712276 [.476] P5_7 .024252 .026866 .902704 [.367] P6_7 -.064454 .024263 -2.65651 [.008] P7_7 -.035135 .025847 -1.35930 [.174] P8_7 -.013947 .024392 -.571786 [.567] P9_7 .010819 .022757 .475432 [.634] P10_7 .023249 .023164 1.00366 [.316] P11_7 .130676E-02 .023351 .055962 [.955] P12_7 .068954 .024197 2.84965 [.004] P13_7 -.716357E-02 .023267 -.307889 [.758] P14_7 -.081843 .024004 -3.40960 [.001] P15_7 -.010923 .021622 -.505197 [.613] P16_7 .095655 .029282 3.26675 [.001] P17_7 .051429 .026642 1.93042 [.054] DI1_7 .139404 .047904 2.91007 [.004] DF1_7 -.273822E-02 .011029 -.248273 [.804] DI2_7 .032725 .066463 .492371 [.622] DF2_7 .568846E-02 .010288 .552924 [.580] DI3_7 .127953 .057208 2.23663 [.025] DF3_7 .358266E-03 .959352E-02 .037345 [.970] S1_7 -.275359 .100637 -2.73616 [.006] S2_7 .153680 .046273 3.32113 [.001] S3_7 .057657 .051711 1.11497 [.265] S4_7 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB7 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #8 ===================== EQUATIONS: EQ_NB8 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_8 -1.03256 .438382 -2.35539 [.019] A4_8 .139335 .106686 1.30603 [.192] A3_8 .274896 .140677 1.95409 [.051] A2_8 .326304 .119756 2.72474 [.006] P0_8 .206560 .093017 2.22066 [.026] P1_8 -.025324 .028837 -.878201 [.380] P2_8 .404622E-02 .028138 .143799 [.886] P3_8 .013898 .024891 .558355 [.577] P4_8 .017003 .023871 .712276 [.476] P5_8 .024252 .026866 .902704 [.367] P6_8 -.064454 .024263 -2.65651 [.008] P7_8 -.035135 .025847 -1.35930 [.174] P8_8 -.013947 .024392 -.571786 [.567] P9_8 .010819 .022757 .475432 [.634] P10_8 .023249 .023164 1.00366 [.316] P11_8 .130676E-02 .023351 .055962 [.955] P12_8 .068954 .024197 2.84965 [.004] P13_8 -.716357E-02 .023267 -.307889 [.758] P14_8 -.081843 .024004 -3.40960 [.001] P15_8 -.010923 .021622 -.505197 [.613] P16_8 .095655 .029282 3.26675 [.001] P17_8 .051429 .026642 1.93042 [.054] DI1_8 .139404 .047904 2.91007 [.004] DF1_8 -.273822E-02 .011029 -.248273 [.804] DI2_8 .032725 .066463 .492371 [.622] DF2_8 .568846E-02 .010288 .552924 [.580] DI3_8 .127953 .057208 2.23663 [.025] DF3_8 .358266E-03 .959352E-02 .037345 [.970] S1_8 -.275359 .100637 -2.73616 [.006] S2_8 .153680 .046273 3.32113 [.001] S3_8 .057657 .051711 1.11497 [.265] S4_8 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB8 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #9 ===================== EQUATIONS: EQ_NB9 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_9 -1.03256 .438382 -2.35539 [.019] A4_9 .139335 .106686 1.30603 [.192] A3_9 .274896 .140677 1.95409 [.051] A2_9 .326304 .119756 2.72474 [.006] P0_9 .206560 .093017 2.22066 [.026] P1_9 -.025324 .028837 -.878201 [.380] P2_9 .404622E-02 .028138 .143799 [.886] P3_9 .013898 .024891 .558355 [.577] P4_9 .017003 .023871 .712276 [.476] P5_9 .024252 .026866 .902704 [.367] P6_9 -.064454 .024263 -2.65651 [.008] P7_9 -.035135 .025847 -1.35930 [.174] P8_9 -.013947 .024392 -.571786 [.567] P9_9 .010819 .022757 .475432 [.634] P10_9 .023249 .023164 1.00366 [.316] P11_9 .130676E-02 .023351 .055962 [.955] P12_9 .068954 .024197 2.84965 [.004] P13_9 -.716357E-02 .023267 -.307889 [.758] P14_9 -.081843 .024004 -3.40960 [.001] P15_9 -.010923 .021622 -.505197 [.613] P16_9 .095655 .029282 3.26675 [.001] P17_9 .051429 .026642 1.93042 [.054] DI1_9 .139404 .047904 2.91007 [.004] DF1_9 -.273822E-02 .011029 -.248273 [.804] DI2_9 .032725 .066463 .492371 [.622] DF2_9 .568846E-02 .010288 .552924 [.580] DI3_9 .127953 .057208 2.23663 [.025] DF3_9 .358266E-03 .959352E-02 .037345 [.970] S1_9 -.275359 .100637 -2.73616 [.006] S2_9 .153680 .046273 3.32113 [.001] S3_9 .057657 .051711 1.11497 [.265] S4_9 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB9 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #10 ====================== EQUATIONS: EQ_NB10 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_10 -1.03256 .438382 -2.35539 [.019] A4_10 .139335 .106686 1.30603 [.192] A3_10 .274896 .140677 1.95409 [.051] A2_10 .326304 .119756 2.72474 [.006] P0_10 .206560 .093017 2.22066 [.026] P1_10 -.025324 .028837 -.878201 [.380] P2_10 .404622E-02 .028138 .143799 [.886] P3_10 .013898 .024891 .558355 [.577] P4_10 .017003 .023871 .712276 [.476] P5_10 .024252 .026866 .902704 [.367] P6_10 -.064454 .024263 -2.65651 [.008] P7_10 -.035135 .025847 -1.35930 [.174] P8_10 -.013947 .024392 -.571786 [.567] P9_10 .010819 .022757 .475432 [.634] P10_10 .023249 .023164 1.00366 [.316] P11_10 .130676E-02 .023351 .055962 [.955] P12_10 .068954 .024197 2.84965 [.004] P13_10 -.716357E-02 .023267 -.307889 [.758] P14_10 -.081843 .024004 -3.40960 [.001] P15_10 -.010923 .021622 -.505197 [.613] P16_10 .095655 .029282 3.26675 [.001] P17_10 .051429 .026642 1.93042 [.054] DI1_10 .139404 .047904 2.91007 [.004] DF1_10 -.273822E-02 .011029 -.248273 [.804] DI2_10 .032725 .066463 .492371 [.622] DF2_10 .568846E-02 .010288 .552924 [.580] DI3_10 .127953 .057208 2.23663 [.025] DF3_10 .358266E-03 .959352E-02 .037345 [.970] S1_10 -.275359 .100637 -2.73616 [.006] S2_10 .153680 .046273 3.32113 [.001] S3_10 .057657 .051711 1.11497 [.265] S4_10 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB10 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #11 ====================== EQUATIONS: EQ_NB11 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_11 -1.03256 .438382 -2.35539 [.019] A4_11 .139335 .106686 1.30603 [.192] A3_11 .274896 .140677 1.95409 [.051] A2_11 .326304 .119756 2.72474 [.006] P0_11 .206560 .093017 2.22066 [.026] P1_11 -.025324 .028837 -.878201 [.380] P2_11 .404622E-02 .028138 .143799 [.886] P3_11 .013898 .024891 .558355 [.577] P4_11 .017003 .023871 .712276 [.476] P5_11 .024252 .026866 .902704 [.367] P6_11 -.064454 .024263 -2.65651 [.008] P7_11 -.035135 .025847 -1.35930 [.174] P8_11 -.013947 .024392 -.571786 [.567] P9_11 .010819 .022757 .475432 [.634] P10_11 .023249 .023164 1.00366 [.316] P11_11 .130676E-02 .023351 .055962 [.955] P12_11 .068954 .024197 2.84965 [.004] P13_11 -.716357E-02 .023267 -.307889 [.758] P14_11 -.081843 .024004 -3.40960 [.001] P15_11 -.010923 .021622 -.505197 [.613] P16_11 .095655 .029282 3.26675 [.001] P17_11 .051429 .026642 1.93042 [.054] DI1_11 .139404 .047904 2.91007 [.004] DF1_11 -.273822E-02 .011029 -.248273 [.804] DI2_11 .032725 .066463 .492371 [.622] DF2_11 .568846E-02 .010288 .552924 [.580] DI3_11 .127953 .057208 2.23663 [.025] DF3_11 .358266E-03 .959352E-02 .037345 [.970] S1_11 -.275359 .100637 -2.73616 [.006] S2_11 .153680 .046273 3.32113 [.001] S3_11 .057657 .051711 1.11497 [.265] S4_11 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB11 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #12 ====================== EQUATIONS: EQ_NB12 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_12 -1.03256 .438382 -2.35539 [.019] A4_12 .139335 .106686 1.30603 [.192] A3_12 .274896 .140677 1.95409 [.051] A2_12 .326304 .119756 2.72474 [.006] P0_12 .206560 .093017 2.22066 [.026] P1_12 -.025324 .028837 -.878201 [.380] P2_12 .404622E-02 .028138 .143799 [.886] P3_12 .013898 .024891 .558355 [.577] P4_12 .017003 .023871 .712276 [.476] P5_12 .024252 .026866 .902704 [.367] P6_12 -.064454 .024263 -2.65651 [.008] P7_12 -.035135 .025847 -1.35930 [.174] P8_12 -.013947 .024392 -.571786 [.567] P9_12 .010819 .022757 .475432 [.634] P10_12 .023249 .023164 1.00366 [.316] P11_12 .130676E-02 .023351 .055962 [.955] P12_12 .068954 .024197 2.84965 [.004] P13_12 -.716357E-02 .023267 -.307889 [.758] P14_12 -.081843 .024004 -3.40960 [.001] P15_12 -.010923 .021622 -.505197 [.613] P16_12 .095655 .029282 3.26675 [.001] P17_12 .051429 .026642 1.93042 [.054] DI1_12 .139404 .047904 2.91007 [.004] DF1_12 -.273822E-02 .011029 -.248273 [.804] DI2_12 .032725 .066463 .492371 [.622] DF2_12 .568846E-02 .010288 .552924 [.580] DI3_12 .127953 .057208 2.23663 [.025] DF3_12 .358266E-03 .959352E-02 .037345 [.970] S1_12 -.275359 .100637 -2.73616 [.006] S2_12 .153680 .046273 3.32113 [.001] S3_12 .057657 .051711 1.11497 [.265] S4_12 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB12 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #13 ====================== EQUATIONS: EQ_NB13 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_13 -1.03256 .438382 -2.35539 [.019] A4_13 .139335 .106686 1.30603 [.192] A3_13 .274896 .140677 1.95409 [.051] A2_13 .326304 .119756 2.72474 [.006] P0_13 .206560 .093017 2.22066 [.026] P1_13 -.025324 .028837 -.878201 [.380] P2_13 .404622E-02 .028138 .143799 [.886] P3_13 .013898 .024891 .558355 [.577] P4_13 .017003 .023871 .712276 [.476] P5_13 .024252 .026866 .902704 [.367] P6_13 -.064454 .024263 -2.65651 [.008] P7_13 -.035135 .025847 -1.35930 [.174] P8_13 -.013947 .024392 -.571786 [.567] P9_13 .010819 .022757 .475432 [.634] P10_13 .023249 .023164 1.00366 [.316] P11_13 .130676E-02 .023351 .055962 [.955] P12_13 .068954 .024197 2.84965 [.004] P13_13 -.716357E-02 .023267 -.307889 [.758] P14_13 -.081843 .024004 -3.40960 [.001] P15_13 -.010923 .021622 -.505197 [.613] P16_13 .095655 .029282 3.26675 [.001] P17_13 .051429 .026642 1.93042 [.054] DI1_13 .139404 .047904 2.91007 [.004] DF1_13 -.273822E-02 .011029 -.248273 [.804] DI2_13 .032725 .066463 .492371 [.622] DF2_13 .568846E-02 .010288 .552924 [.580] DI3_13 .127953 .057208 2.23663 [.025] DF3_13 .358266E-03 .959352E-02 .037345 [.970] S1_13 -.275359 .100637 -2.73616 [.006] S2_13 .153680 .046273 3.32113 [.001] S3_13 .057657 .051711 1.11497 [.265] S4_13 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB13 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #14 ====================== EQUATIONS: EQ_NB14 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_14 -1.03256 .438382 -2.35539 [.019] A4_14 .139335 .106686 1.30603 [.192] A3_14 .274896 .140677 1.95409 [.051] A2_14 .326304 .119756 2.72474 [.006] P0_14 .206560 .093017 2.22066 [.026] P1_14 -.025324 .028837 -.878201 [.380] P2_14 .404622E-02 .028138 .143799 [.886] P3_14 .013898 .024891 .558355 [.577] P4_14 .017003 .023871 .712276 [.476] P5_14 .024252 .026866 .902704 [.367] P6_14 -.064454 .024263 -2.65651 [.008] P7_14 -.035135 .025847 -1.35930 [.174] P8_14 -.013947 .024392 -.571786 [.567] P9_14 .010819 .022757 .475432 [.634] P10_14 .023249 .023164 1.00366 [.316] P11_14 .130676E-02 .023351 .055962 [.955] P12_14 .068954 .024197 2.84965 [.004] P13_14 -.716357E-02 .023267 -.307889 [.758] P14_14 -.081843 .024004 -3.40960 [.001] P15_14 -.010923 .021622 -.505197 [.613] P16_14 .095655 .029282 3.26675 [.001] P17_14 .051429 .026642 1.93042 [.054] DI1_14 .139404 .047904 2.91007 [.004] DF1_14 -.273822E-02 .011029 -.248273 [.804] DI2_14 .032725 .066463 .492371 [.622] DF2_14 .568846E-02 .010288 .552924 [.580] DI3_14 .127953 .057208 2.23663 [.025] DF3_14 .358266E-03 .959352E-02 .037345 [.970] S1_14 -.275359 .100637 -2.73616 [.006] S2_14 .153680 .046273 3.32113 [.001] S3_14 .057657 .051711 1.11497 [.265] S4_14 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB14 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #15 ====================== EQUATIONS: EQ_NB15 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_15 -1.03256 .438382 -2.35539 [.019] A4_15 .139335 .106686 1.30603 [.192] A3_15 .274896 .140677 1.95409 [.051] A2_15 .326304 .119756 2.72474 [.006] P0_15 .206560 .093017 2.22066 [.026] P1_15 -.025324 .028837 -.878201 [.380] P2_15 .404622E-02 .028138 .143799 [.886] P3_15 .013898 .024891 .558355 [.577] P4_15 .017003 .023871 .712276 [.476] P5_15 .024252 .026866 .902704 [.367] P6_15 -.064454 .024263 -2.65651 [.008] P7_15 -.035135 .025847 -1.35930 [.174] P8_15 -.013947 .024392 -.571786 [.567] P9_15 .010819 .022757 .475432 [.634] P10_15 .023249 .023164 1.00366 [.316] P11_15 .130676E-02 .023351 .055962 [.955] P12_15 .068954 .024197 2.84965 [.004] P13_15 -.716357E-02 .023267 -.307889 [.758] P14_15 -.081843 .024004 -3.40960 [.001] P15_15 -.010923 .021622 -.505197 [.613] P16_15 .095655 .029282 3.26675 [.001] P17_15 .051429 .026642 1.93042 [.054] DI1_15 .139404 .047904 2.91007 [.004] DF1_15 -.273822E-02 .011029 -.248273 [.804] DI2_15 .032725 .066463 .492371 [.622] DF2_15 .568846E-02 .010288 .552924 [.580] DI3_15 .127953 .057208 2.23663 [.025] DF3_15 .358266E-03 .959352E-02 .037345 [.970] S1_15 -.275359 .100637 -2.73616 [.006] S2_15 .153680 .046273 3.32113 [.001] S3_15 .057657 .051711 1.11497 [.265] S4_15 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB15 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #16 ====================== EQUATIONS: EQ_NB16 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_16 -1.03256 .438382 -2.35539 [.019] A4_16 .139335 .106686 1.30603 [.192] A3_16 .274896 .140677 1.95409 [.051] A2_16 .326304 .119756 2.72474 [.006] P0_16 .206560 .093017 2.22066 [.026] P1_16 -.025324 .028837 -.878201 [.380] P2_16 .404622E-02 .028138 .143799 [.886] P3_16 .013898 .024891 .558355 [.577] P4_16 .017003 .023871 .712276 [.476] P5_16 .024252 .026866 .902704 [.367] P6_16 -.064454 .024263 -2.65651 [.008] P7_16 -.035135 .025847 -1.35930 [.174] P8_16 -.013947 .024392 -.571786 [.567] P9_16 .010819 .022757 .475432 [.634] P10_16 .023249 .023164 1.00366 [.316] P11_16 .130676E-02 .023351 .055962 [.955] P12_16 .068954 .024197 2.84965 [.004] P13_16 -.716357E-02 .023267 -.307889 [.758] P14_16 -.081843 .024004 -3.40960 [.001] P15_16 -.010923 .021622 -.505197 [.613] P16_16 .095655 .029282 3.26675 [.001] P17_16 .051429 .026642 1.93042 [.054] DI1_16 .139404 .047904 2.91007 [.004] DF1_16 -.273822E-02 .011029 -.248273 [.804] DI2_16 .032725 .066463 .492371 [.622] DF2_16 .568846E-02 .010288 .552924 [.580] DI3_16 .127953 .057208 2.23663 [.025] DF3_16 .358266E-03 .959352E-02 .037345 [.970] S1_16 -.275359 .100637 -2.73616 [.006] S2_16 .153680 .046273 3.32113 [.001] S3_16 .057657 .051711 1.11497 [.265] S4_16 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB16 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #17 ====================== EQUATIONS: EQ_NB17 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_17 -1.03256 .438382 -2.35539 [.019] A4_17 .139335 .106686 1.30603 [.192] A3_17 .274896 .140677 1.95409 [.051] A2_17 .326304 .119756 2.72474 [.006] P0_17 .206560 .093017 2.22066 [.026] P1_17 -.025324 .028837 -.878201 [.380] P2_17 .404622E-02 .028138 .143799 [.886] P3_17 .013898 .024891 .558355 [.577] P4_17 .017003 .023871 .712276 [.476] P5_17 .024252 .026866 .902704 [.367] P6_17 -.064454 .024263 -2.65651 [.008] P7_17 -.035135 .025847 -1.35930 [.174] P8_17 -.013947 .024392 -.571786 [.567] P9_17 .010819 .022757 .475432 [.634] P10_17 .023249 .023164 1.00366 [.316] P11_17 .130676E-02 .023351 .055962 [.955] P12_17 .068954 .024197 2.84965 [.004] P13_17 -.716357E-02 .023267 -.307889 [.758] P14_17 -.081843 .024004 -3.40960 [.001] P15_17 -.010923 .021622 -.505197 [.613] P16_17 .095655 .029282 3.26675 [.001] P17_17 .051429 .026642 1.93042 [.054] DI1_17 .139404 .047904 2.91007 [.004] DF1_17 -.273822E-02 .011029 -.248273 [.804] DI2_17 .032725 .066463 .492371 [.622] DF2_17 .568846E-02 .010288 .552924 [.580] DI3_17 .127953 .057208 2.23663 [.025] DF3_17 .358266E-03 .959352E-02 .037345 [.970] S1_17 -.275359 .100637 -2.73616 [.006] S2_17 .153680 .046273 3.32113 [.001] S3_17 .057657 .051711 1.11497 [.265] S4_17 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB17 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #18 ====================== EQUATIONS: EQ_NB18 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_18 -1.03256 .438382 -2.35539 [.019] A4_18 .139335 .106686 1.30603 [.192] A3_18 .274896 .140677 1.95409 [.051] A2_18 .326304 .119756 2.72474 [.006] P0_18 .206560 .093017 2.22066 [.026] P1_18 -.025324 .028837 -.878201 [.380] P2_18 .404622E-02 .028138 .143799 [.886] P3_18 .013898 .024891 .558355 [.577] P4_18 .017003 .023871 .712276 [.476] P5_18 .024252 .026866 .902704 [.367] P6_18 -.064454 .024263 -2.65651 [.008] P7_18 -.035135 .025847 -1.35930 [.174] P8_18 -.013947 .024392 -.571786 [.567] P9_18 .010819 .022757 .475432 [.634] P10_18 .023249 .023164 1.00366 [.316] P11_18 .130676E-02 .023351 .055962 [.955] P12_18 .068954 .024197 2.84965 [.004] P13_18 -.716357E-02 .023267 -.307889 [.758] P14_18 -.081843 .024004 -3.40960 [.001] P15_18 -.010923 .021622 -.505197 [.613] P16_18 .095655 .029282 3.26675 [.001] P17_18 .051429 .026642 1.93042 [.054] DI1_18 .139404 .047904 2.91007 [.004] DF1_18 -.273822E-02 .011029 -.248273 [.804] DI2_18 .032725 .066463 .492371 [.622] DF2_18 .568846E-02 .010288 .552924 [.580] DI3_18 .127953 .057208 2.23663 [.025] DF3_18 .358266E-03 .959352E-02 .037345 [.970] S1_18 -.275359 .100637 -2.73616 [.006] S2_18 .153680 .046273 3.32113 [.001] S3_18 .057657 .051711 1.11497 [.265] S4_18 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB18 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #19 ====================== EQUATIONS: EQ_NB19 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_19 -1.03256 .438382 -2.35539 [.019] A4_19 .139335 .106686 1.30603 [.192] A3_19 .274896 .140677 1.95409 [.051] A2_19 .326304 .119756 2.72474 [.006] P0_19 .206560 .093017 2.22066 [.026] P1_19 -.025324 .028837 -.878201 [.380] P2_19 .404622E-02 .028138 .143799 [.886] P3_19 .013898 .024891 .558355 [.577] P4_19 .017003 .023871 .712276 [.476] P5_19 .024252 .026866 .902704 [.367] P6_19 -.064454 .024263 -2.65651 [.008] P7_19 -.035135 .025847 -1.35930 [.174] P8_19 -.013947 .024392 -.571786 [.567] P9_19 .010819 .022757 .475432 [.634] P10_19 .023249 .023164 1.00366 [.316] P11_19 .130676E-02 .023351 .055962 [.955] P12_19 .068954 .024197 2.84965 [.004] P13_19 -.716357E-02 .023267 -.307889 [.758] P14_19 -.081843 .024004 -3.40960 [.001] P15_19 -.010923 .021622 -.505197 [.613] P16_19 .095655 .029282 3.26675 [.001] P17_19 .051429 .026642 1.93042 [.054] DI1_19 .139404 .047904 2.91007 [.004] DF1_19 -.273822E-02 .011029 -.248273 [.804] DI2_19 .032725 .066463 .492371 [.622] DF2_19 .568846E-02 .010288 .552924 [.580] DI3_19 .127953 .057208 2.23663 [.025] DF3_19 .358266E-03 .959352E-02 .037345 [.970] S1_19 -.275359 .100637 -2.73616 [.006] S2_19 .153680 .046273 3.32113 [.001] S3_19 .057657 .051711 1.11497 [.265] S4_19 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB19 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #20 ====================== EQUATIONS: EQ_NB20 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_20 -1.03256 .438382 -2.35539 [.019] A4_20 .139335 .106686 1.30603 [.192] A3_20 .274896 .140677 1.95409 [.051] A2_20 .326304 .119756 2.72474 [.006] P0_20 .206560 .093017 2.22066 [.026] P1_20 -.025324 .028837 -.878201 [.380] P2_20 .404622E-02 .028138 .143799 [.886] P3_20 .013898 .024891 .558355 [.577] P4_20 .017003 .023871 .712276 [.476] P5_20 .024252 .026866 .902704 [.367] P6_20 -.064454 .024263 -2.65651 [.008] P7_20 -.035135 .025847 -1.35930 [.174] P8_20 -.013947 .024392 -.571786 [.567] P9_20 .010819 .022757 .475432 [.634] P10_20 .023249 .023164 1.00366 [.316] P11_20 .130676E-02 .023351 .055962 [.955] P12_20 .068954 .024197 2.84965 [.004] P13_20 -.716357E-02 .023267 -.307889 [.758] P14_20 -.081843 .024004 -3.40960 [.001] P15_20 -.010923 .021622 -.505197 [.613] P16_20 .095655 .029282 3.26675 [.001] P17_20 .051429 .026642 1.93042 [.054] DI1_20 .139404 .047904 2.91007 [.004] DF1_20 -.273822E-02 .011029 -.248273 [.804] DI2_20 .032725 .066463 .492371 [.622] DF2_20 .568846E-02 .010288 .552924 [.580] DI3_20 .127953 .057208 2.23663 [.025] DF3_20 .358266E-03 .959352E-02 .037345 [.970] S1_20 -.275359 .100637 -2.73616 [.006] S2_20 .153680 .046273 3.32113 [.001] S3_20 .057657 .051711 1.11497 [.265] S4_20 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB20 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #21 ====================== EQUATIONS: EQ_NB21 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_21 -1.03256 .438382 -2.35539 [.019] A4_21 .139335 .106686 1.30603 [.192] A3_21 .274896 .140677 1.95409 [.051] A2_21 .326304 .119756 2.72474 [.006] P0_21 .206560 .093017 2.22066 [.026] P1_21 -.025324 .028837 -.878201 [.380] P2_21 .404622E-02 .028138 .143799 [.886] P3_21 .013898 .024891 .558355 [.577] P4_21 .017003 .023871 .712276 [.476] P5_21 .024252 .026866 .902704 [.367] P6_21 -.064454 .024263 -2.65651 [.008] P7_21 -.035135 .025847 -1.35930 [.174] P8_21 -.013947 .024392 -.571786 [.567] P9_21 .010819 .022757 .475432 [.634] P10_21 .023249 .023164 1.00366 [.316] P11_21 .130676E-02 .023351 .055962 [.955] P12_21 .068954 .024197 2.84965 [.004] P13_21 -.716357E-02 .023267 -.307889 [.758] P14_21 -.081843 .024004 -3.40960 [.001] P15_21 -.010923 .021622 -.505197 [.613] P16_21 .095655 .029282 3.26675 [.001] P17_21 .051429 .026642 1.93042 [.054] DI1_21 .139404 .047904 2.91007 [.004] DF1_21 -.273822E-02 .011029 -.248273 [.804] DI2_21 .032725 .066463 .492371 [.622] DF2_21 .568846E-02 .010288 .552924 [.580] DI3_21 .127953 .057208 2.23663 [.025] DF3_21 .358266E-03 .959352E-02 .037345 [.970] S1_21 -.275359 .100637 -2.73616 [.006] S2_21 .153680 .046273 3.32113 [.001] S3_21 .057657 .051711 1.11497 [.265] S4_21 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB21 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #22 ====================== EQUATIONS: EQ_NB22 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_22 -1.03256 .438382 -2.35539 [.019] A4_22 .139335 .106686 1.30603 [.192] A3_22 .274896 .140677 1.95409 [.051] A2_22 .326304 .119756 2.72474 [.006] P0_22 .206560 .093017 2.22066 [.026] P1_22 -.025324 .028837 -.878201 [.380] P2_22 .404622E-02 .028138 .143799 [.886] P3_22 .013898 .024891 .558355 [.577] P4_22 .017003 .023871 .712276 [.476] P5_22 .024252 .026866 .902704 [.367] P6_22 -.064454 .024263 -2.65651 [.008] P7_22 -.035135 .025847 -1.35930 [.174] P8_22 -.013947 .024392 -.571786 [.567] P9_22 .010819 .022757 .475432 [.634] P10_22 .023249 .023164 1.00366 [.316] P11_22 .130676E-02 .023351 .055962 [.955] P12_22 .068954 .024197 2.84965 [.004] P13_22 -.716357E-02 .023267 -.307889 [.758] P14_22 -.081843 .024004 -3.40960 [.001] P15_22 -.010923 .021622 -.505197 [.613] P16_22 .095655 .029282 3.26675 [.001] P17_22 .051429 .026642 1.93042 [.054] DI1_22 .139404 .047904 2.91007 [.004] DF1_22 -.273822E-02 .011029 -.248273 [.804] DI2_22 .032725 .066463 .492371 [.622] DF2_22 .568846E-02 .010288 .552924 [.580] DI3_22 .127953 .057208 2.23663 [.025] DF3_22 .358266E-03 .959352E-02 .037345 [.970] S1_22 -.275359 .100637 -2.73616 [.006] S2_22 .153680 .046273 3.32113 [.001] S3_22 .057657 .051711 1.11497 [.265] S4_22 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB22 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #23 ====================== EQUATIONS: EQ_NB23 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_23 -1.03256 .438382 -2.35539 [.019] A4_23 .139335 .106686 1.30603 [.192] A3_23 .274896 .140677 1.95409 [.051] A2_23 .326304 .119756 2.72474 [.006] P0_23 .206560 .093017 2.22066 [.026] P1_23 -.025324 .028837 -.878201 [.380] P2_23 .404622E-02 .028138 .143799 [.886] P3_23 .013898 .024891 .558355 [.577] P4_23 .017003 .023871 .712276 [.476] P5_23 .024252 .026866 .902704 [.367] P6_23 -.064454 .024263 -2.65651 [.008] P7_23 -.035135 .025847 -1.35930 [.174] P8_23 -.013947 .024392 -.571786 [.567] P9_23 .010819 .022757 .475432 [.634] P10_23 .023249 .023164 1.00366 [.316] P11_23 .130676E-02 .023351 .055962 [.955] P12_23 .068954 .024197 2.84965 [.004] P13_23 -.716357E-02 .023267 -.307889 [.758] P14_23 -.081843 .024004 -3.40960 [.001] P15_23 -.010923 .021622 -.505197 [.613] P16_23 .095655 .029282 3.26675 [.001] P17_23 .051429 .026642 1.93042 [.054] DI1_23 .139404 .047904 2.91007 [.004] DF1_23 -.273822E-02 .011029 -.248273 [.804] DI2_23 .032725 .066463 .492371 [.622] DF2_23 .568846E-02 .010288 .552924 [.580] DI3_23 .127953 .057208 2.23663 [.025] DF3_23 .358266E-03 .959352E-02 .037345 [.970] S1_23 -.275359 .100637 -2.73616 [.006] S2_23 .153680 .046273 3.32113 [.001] S3_23 .057657 .051711 1.11497 [.265] S4_23 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB23 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #24 ====================== EQUATIONS: EQ_NB24 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_24 -1.03256 .438382 -2.35539 [.019] A4_24 .139335 .106686 1.30603 [.192] A3_24 .274896 .140677 1.95409 [.051] A2_24 .326304 .119756 2.72474 [.006] P0_24 .206560 .093017 2.22066 [.026] P1_24 -.025324 .028837 -.878201 [.380] P2_24 .404622E-02 .028138 .143799 [.886] P3_24 .013898 .024891 .558355 [.577] P4_24 .017003 .023871 .712276 [.476] P5_24 .024252 .026866 .902704 [.367] P6_24 -.064454 .024263 -2.65651 [.008] P7_24 -.035135 .025847 -1.35930 [.174] P8_24 -.013947 .024392 -.571786 [.567] P9_24 .010819 .022757 .475432 [.634] P10_24 .023249 .023164 1.00366 [.316] P11_24 .130676E-02 .023351 .055962 [.955] P12_24 .068954 .024197 2.84965 [.004] P13_24 -.716357E-02 .023267 -.307889 [.758] P14_24 -.081843 .024004 -3.40960 [.001] P15_24 -.010923 .021622 -.505197 [.613] P16_24 .095655 .029282 3.26675 [.001] P17_24 .051429 .026642 1.93042 [.054] DI1_24 .139404 .047904 2.91007 [.004] DF1_24 -.273822E-02 .011029 -.248273 [.804] DI2_24 .032725 .066463 .492371 [.622] DF2_24 .568846E-02 .010288 .552924 [.580] DI3_24 .127953 .057208 2.23663 [.025] DF3_24 .358266E-03 .959352E-02 .037345 [.970] S1_24 -.275359 .100637 -2.73616 [.006] S2_24 .153680 .046273 3.32113 [.001] S3_24 .057657 .051711 1.11497 [.265] S4_24 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB24 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618] INVESTOR #25 ====================== EQUATIONS: EQ_NB25 NOB 845 SBIC 939.479 LOGL -831.650 Standard Parameter Estimate Error t-statistic P-value C_25 -1.03256 .438382 -2.35539 [.019] A4_25 .139335 .106686 1.30603 [.192] A3_25 .274896 .140677 1.95409 [.051] A2_25 .326304 .119756 2.72474 [.006] P0_25 .206560 .093017 2.22066 [.026] P1_25 -.025324 .028837 -.878201 [.380] P2_25 .404622E-02 .028138 .143799 [.886] P3_25 .013898 .024891 .558355 [.577] P4_25 .017003 .023871 .712276 [.476] P5_25 .024252 .026866 .902704 [.367] P6_25 -.064454 .024263 -2.65651 [.008] P7_25 -.035135 .025847 -1.35930 [.174] P8_25 -.013947 .024392 -.571786 [.567] P9_25 .010819 .022757 .475432 [.634] P10_25 .023249 .023164 1.00366 [.316] P11_25 .130676E-02 .023351 .055962 [.955] P12_25 .068954 .024197 2.84965 [.004] P13_25 -.716357E-02 .023267 -.307889 [.758] P14_25 -.081843 .024004 -3.40960 [.001] P15_25 -.010923 .021622 -.505197 [.613] P16_25 .095655 .029282 3.26675 [.001] P17_25 .051429 .026642 1.93042 [.054] DI1_25 .139404 .047904 2.91007 [.004] DF1_25 -.273822E-02 .011029 -.248273 [.804] DI2_25 .032725 .066463 .492371 [.622] DF2_25 .568846E-02 .010288 .552924 [.580] DI3_25 .127953 .057208 2.23663 [.025] DF3_25 .358266E-03 .959352E-02 .037345 [.970] S1_25 -.275359 .100637 -2.73616 [.006] S2_25 .153680 .046273 3.32113 [.001] S3_25 .057657 .051711 1.11497 [.265] S4_25 .356561E-02 .035950 .099182 [.921] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB25 Dependent variable: LPSE YMEAN 5.78277 S2 .435670 ARSQ .615145 SDEV 1.06397 S .660053 LMHET 8.79585 [.003] SSR 354.200 RSQ .629280 DW 1.91603 [<.618]