Equation 19 restricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 153 Mean of dep. var. = 5.96480 LM het. test = .112209 [.738] Std. dev. of dep. var. = .891514 Durbin-Watson = 1.87163 [<.485] Sum of squared residuals = 34.7501 Jarque-Bera test = 6.96361 [.031] Variance of residuals = .241320 Ramsey's RESET2 = 3.11243 [.080] Std. error of regression = .491244 F (zero slopes) = 44.5772 [.000] R-squared = .712639 Schwarz B.I.C. = 126.342 Adjusted R-squared = .696674 Log likelihood = -103.705 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .217601 .090698 2.39918 * [.018] LPRICE3 .134674 .153815 .875556 [.383] LPRICE4 -.071191 .234739 -.303279 [.762] LPRICE5 .540445 .188400 2.86861 ** [.005] LSUPPLY1 -.048315 .061744 -.782513 [.435] LSUPPLY2 .231848 .082838 2.79882 ** [.006] LSUPPLY3 -.843090E-02 .078924 -.106824 [.915] LSUPPLY4 -.363991E-02 .072099 -.050485 [.960] LSUPPLY5 .135700 .047679 2.84612 ** [.005] Equation 20 unrestricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 153 Mean of dep. var. = 5.96480 LM het. test = .256632 [.612] Std. dev. of dep. var. = .891514 Durbin-Watson = 2.01248 [<.998] Sum of squared residuals = 28.4379 Jarque-Bera test = 10.0041 [.007] Variance of residuals = .229338 Ramsey's RESET2 = 2.72848 [.101] Std. error of regression = .478892 F (zero slopes) = 14.3848 [.000] R-squared = .764605 Schwarz B.I.C. = 161.311 Adjusted R-squared = .711451 Log likelihood = -88.3698 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .272986 .105520 2.58705 * [.011] LPRICE3 .149663 .161451 .926992 [.356] LPRICE4 -.033532 .246245 -.136175 [.892] LPRICE5 .510358 .197511 2.58395 * [.011] LSUPPLY1 -.174185E-02 .185233 -.940353E-02 [.993] LSUPPLY2 .257226 .086666 2.96801 ** [.004] LSUPPLY3 -.031783 .085285 -.372666 [.710] LSUPPLY4 .052070 .080144 .649711 [.517] LSUPPLY5 .106260 .050421 2.10745 * [.037] C -2.33578 1.75329 -1.33223 [.185] LTNS .092873 .225641 .411597 [.681] LSUPPLY1 0. 0. 0. [1.00] FOWNER1 -.014945 .071028 -.210413 [.834] FOWNER2 .085405 .078965 1.08155 [.282] FOWNER3 -.012723 .045424 -.280092 [.780] FOWNER4 -.334608E-03 .062394 -.536286E-02 [.996] FDUMMY1 .800223E-02 .060297 .132714 [.895] FDUMMY2 -.023890 .042413 -.563275 [.574] FDUMMY3 -.068855 .066807 -1.03065 [.305] FDUMMY4 .335699E-02 .052408 .064055 [.949] FDUMMY5 -.011294 .044009 -.256620 [.798] FDUMMY6 -.587654E-02 .043194 -.136051 [.892] FDUMMY7 -.100429 .049531 -2.02760 * [.045] FDUMMY8 .132087 .058112 2.27296 * [.025] FDUMMY9 .036685 .038646 .949259 [.344] FDUMMY10 -.132851 .055854 -2.37855 * [.019] FSTAT1 -.124502 .927745 -.134199 [.893] FSTAT2 .109361 .135905 .804687 [.423] FSTAT3 .016788 .091829 .182823 [.855] F(20,124) Test Statistic: 1.376199, Upper tail area: .14670