INVESTOR #1 ===================== EQUATIONS: EQ_NB1 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_1 .955404 .120219 7.94719 [.000] P0_1 .185009 .052942 3.49456 [.000] P1_1 -.424685E-03 .033651 -.012620 [.990] P2_1 -.025653 .032750 -.783295 [.433] P3_1 -.044223 .032941 -1.34250 [.179] P4_1 -.183685 .036667 -5.00948 [.000] P5_1 -.039255 .041202 -.952746 [.341] P6_1 .036117 .043464 .830969 [.406] P7_1 .263508E-02 .032753 .080453 [.936] P8_1 .115316E-02 .032032 .036000 [.971] P9_1 -.063352 .032342 -1.95882 [.050] P10_1 -.013651 .031911 -.427802 [.669] P11_1 .074803 .033140 2.25722 [.024] P12_1 -.026653 .033066 -.806030 [.420] P13_1 .076050 .032653 2.32905 [.020] P14_1 -.054430 .032071 -1.69716 [.090] P15_1 -.055274 .031932 -1.73098 [.083] P16_1 -.034375 .032657 -1.05262 [.293] P17_1 .059086 .032164 1.83701 [.066] P18_1 .080017 .043609 1.83489 [.067] P19_1 -.047848 .037984 -1.25969 [.208] P20_1 -.035603 .032455 -1.09699 [.273] P21_1 -.025075 .032458 -.772554 [.440] S1_1 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB1 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #2 ===================== EQUATIONS: EQ_NB2 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_2 .955404 .120219 7.94719 [.000] P0_2 .185009 .052942 3.49456 [.000] P1_2 -.424685E-03 .033651 -.012620 [.990] P2_2 -.025653 .032750 -.783295 [.433] P3_2 -.044223 .032941 -1.34250 [.179] P4_2 -.183685 .036667 -5.00948 [.000] P5_2 -.039255 .041202 -.952746 [.341] P6_2 .036117 .043464 .830969 [.406] P7_2 .263508E-02 .032753 .080453 [.936] P8_2 .115316E-02 .032032 .036000 [.971] P9_2 -.063352 .032342 -1.95882 [.050] P10_2 -.013651 .031911 -.427802 [.669] P11_2 .074803 .033140 2.25722 [.024] P12_2 -.026653 .033066 -.806030 [.420] P13_2 .076050 .032653 2.32905 [.020] P14_2 -.054430 .032071 -1.69716 [.090] P15_2 -.055274 .031932 -1.73098 [.083] P16_2 -.034375 .032657 -1.05262 [.293] P17_2 .059086 .032164 1.83701 [.066] P18_2 .080017 .043609 1.83489 [.067] P19_2 -.047848 .037984 -1.25969 [.208] P20_2 -.035603 .032455 -1.09699 [.273] P21_2 -.025075 .032458 -.772554 [.440] S1_2 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB2 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #3 ===================== EQUATIONS: EQ_NB3 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_3 .955404 .120219 7.94719 [.000] P0_3 .185009 .052942 3.49456 [.000] P1_3 -.424685E-03 .033651 -.012620 [.990] P2_3 -.025653 .032750 -.783295 [.433] P3_3 -.044223 .032941 -1.34250 [.179] P4_3 -.183685 .036667 -5.00948 [.000] P5_3 -.039255 .041202 -.952746 [.341] P6_3 .036117 .043464 .830969 [.406] P7_3 .263508E-02 .032753 .080453 [.936] P8_3 .115316E-02 .032032 .036000 [.971] P9_3 -.063352 .032342 -1.95882 [.050] P10_3 -.013651 .031911 -.427802 [.669] P11_3 .074803 .033140 2.25722 [.024] P12_3 -.026653 .033066 -.806030 [.420] P13_3 .076050 .032653 2.32905 [.020] P14_3 -.054430 .032071 -1.69716 [.090] P15_3 -.055274 .031932 -1.73098 [.083] P16_3 -.034375 .032657 -1.05262 [.293] P17_3 .059086 .032164 1.83701 [.066] P18_3 .080017 .043609 1.83489 [.067] P19_3 -.047848 .037984 -1.25969 [.208] P20_3 -.035603 .032455 -1.09699 [.273] P21_3 -.025075 .032458 -.772554 [.440] S1_3 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB3 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #4 ===================== EQUATIONS: EQ_NB4 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_4 .955404 .120219 7.94719 [.000] P0_4 .185009 .052942 3.49456 [.000] P1_4 -.424685E-03 .033651 -.012620 [.990] P2_4 -.025653 .032750 -.783295 [.433] P3_4 -.044223 .032941 -1.34250 [.179] P4_4 -.183685 .036667 -5.00948 [.000] P5_4 -.039255 .041202 -.952746 [.341] P6_4 .036117 .043464 .830969 [.406] P7_4 .263508E-02 .032753 .080453 [.936] P8_4 .115316E-02 .032032 .036000 [.971] P9_4 -.063352 .032342 -1.95882 [.050] P10_4 -.013651 .031911 -.427802 [.669] P11_4 .074803 .033140 2.25722 [.024] P12_4 -.026653 .033066 -.806030 [.420] P13_4 .076050 .032653 2.32905 [.020] P14_4 -.054430 .032071 -1.69716 [.090] P15_4 -.055274 .031932 -1.73098 [.083] P16_4 -.034375 .032657 -1.05262 [.293] P17_4 .059086 .032164 1.83701 [.066] P18_4 .080017 .043609 1.83489 [.067] P19_4 -.047848 .037984 -1.25969 [.208] P20_4 -.035603 .032455 -1.09699 [.273] P21_4 -.025075 .032458 -.772554 [.440] S1_4 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB4 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #5 ===================== EQUATIONS: EQ_NB5 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_5 .955404 .120219 7.94719 [.000] P0_5 .185009 .052942 3.49456 [.000] P1_5 -.424685E-03 .033651 -.012620 [.990] P2_5 -.025653 .032750 -.783295 [.433] P3_5 -.044223 .032941 -1.34250 [.179] P4_5 -.183685 .036667 -5.00948 [.000] P5_5 -.039255 .041202 -.952746 [.341] P6_5 .036117 .043464 .830969 [.406] P7_5 .263508E-02 .032753 .080453 [.936] P8_5 .115316E-02 .032032 .036000 [.971] P9_5 -.063352 .032342 -1.95882 [.050] P10_5 -.013651 .031911 -.427802 [.669] P11_5 .074803 .033140 2.25722 [.024] P12_5 -.026653 .033066 -.806030 [.420] P13_5 .076050 .032653 2.32905 [.020] P14_5 -.054430 .032071 -1.69716 [.090] P15_5 -.055274 .031932 -1.73098 [.083] P16_5 -.034375 .032657 -1.05262 [.293] P17_5 .059086 .032164 1.83701 [.066] P18_5 .080017 .043609 1.83489 [.067] P19_5 -.047848 .037984 -1.25969 [.208] P20_5 -.035603 .032455 -1.09699 [.273] P21_5 -.025075 .032458 -.772554 [.440] S1_5 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB5 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #6 ===================== EQUATIONS: EQ_NB6 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_6 .955404 .120219 7.94719 [.000] P0_6 .185009 .052942 3.49456 [.000] P1_6 -.424685E-03 .033651 -.012620 [.990] P2_6 -.025653 .032750 -.783295 [.433] P3_6 -.044223 .032941 -1.34250 [.179] P4_6 -.183685 .036667 -5.00948 [.000] P5_6 -.039255 .041202 -.952746 [.341] P6_6 .036117 .043464 .830969 [.406] P7_6 .263508E-02 .032753 .080453 [.936] P8_6 .115316E-02 .032032 .036000 [.971] P9_6 -.063352 .032342 -1.95882 [.050] P10_6 -.013651 .031911 -.427802 [.669] P11_6 .074803 .033140 2.25722 [.024] P12_6 -.026653 .033066 -.806030 [.420] P13_6 .076050 .032653 2.32905 [.020] P14_6 -.054430 .032071 -1.69716 [.090] P15_6 -.055274 .031932 -1.73098 [.083] P16_6 -.034375 .032657 -1.05262 [.293] P17_6 .059086 .032164 1.83701 [.066] P18_6 .080017 .043609 1.83489 [.067] P19_6 -.047848 .037984 -1.25969 [.208] P20_6 -.035603 .032455 -1.09699 [.273] P21_6 -.025075 .032458 -.772554 [.440] S1_6 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB6 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #7 ===================== EQUATIONS: EQ_NB7 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_7 .955404 .120219 7.94719 [.000] P0_7 .185009 .052942 3.49456 [.000] P1_7 -.424685E-03 .033651 -.012620 [.990] P2_7 -.025653 .032750 -.783295 [.433] P3_7 -.044223 .032941 -1.34250 [.179] P4_7 -.183685 .036667 -5.00948 [.000] P5_7 -.039255 .041202 -.952746 [.341] P6_7 .036117 .043464 .830969 [.406] P7_7 .263508E-02 .032753 .080453 [.936] P8_7 .115316E-02 .032032 .036000 [.971] P9_7 -.063352 .032342 -1.95882 [.050] P10_7 -.013651 .031911 -.427802 [.669] P11_7 .074803 .033140 2.25722 [.024] P12_7 -.026653 .033066 -.806030 [.420] P13_7 .076050 .032653 2.32905 [.020] P14_7 -.054430 .032071 -1.69716 [.090] P15_7 -.055274 .031932 -1.73098 [.083] P16_7 -.034375 .032657 -1.05262 [.293] P17_7 .059086 .032164 1.83701 [.066] P18_7 .080017 .043609 1.83489 [.067] P19_7 -.047848 .037984 -1.25969 [.208] P20_7 -.035603 .032455 -1.09699 [.273] P21_7 -.025075 .032458 -.772554 [.440] S1_7 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB7 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #8 ===================== EQUATIONS: EQ_NB8 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_8 .955404 .120219 7.94719 [.000] P0_8 .185009 .052942 3.49456 [.000] P1_8 -.424685E-03 .033651 -.012620 [.990] P2_8 -.025653 .032750 -.783295 [.433] P3_8 -.044223 .032941 -1.34250 [.179] P4_8 -.183685 .036667 -5.00948 [.000] P5_8 -.039255 .041202 -.952746 [.341] P6_8 .036117 .043464 .830969 [.406] P7_8 .263508E-02 .032753 .080453 [.936] P8_8 .115316E-02 .032032 .036000 [.971] P9_8 -.063352 .032342 -1.95882 [.050] P10_8 -.013651 .031911 -.427802 [.669] P11_8 .074803 .033140 2.25722 [.024] P12_8 -.026653 .033066 -.806030 [.420] P13_8 .076050 .032653 2.32905 [.020] P14_8 -.054430 .032071 -1.69716 [.090] P15_8 -.055274 .031932 -1.73098 [.083] P16_8 -.034375 .032657 -1.05262 [.293] P17_8 .059086 .032164 1.83701 [.066] P18_8 .080017 .043609 1.83489 [.067] P19_8 -.047848 .037984 -1.25969 [.208] P20_8 -.035603 .032455 -1.09699 [.273] P21_8 -.025075 .032458 -.772554 [.440] S1_8 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB8 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #9 ===================== EQUATIONS: EQ_NB9 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_9 .955404 .120219 7.94719 [.000] P0_9 .185009 .052942 3.49456 [.000] P1_9 -.424685E-03 .033651 -.012620 [.990] P2_9 -.025653 .032750 -.783295 [.433] P3_9 -.044223 .032941 -1.34250 [.179] P4_9 -.183685 .036667 -5.00948 [.000] P5_9 -.039255 .041202 -.952746 [.341] P6_9 .036117 .043464 .830969 [.406] P7_9 .263508E-02 .032753 .080453 [.936] P8_9 .115316E-02 .032032 .036000 [.971] P9_9 -.063352 .032342 -1.95882 [.050] P10_9 -.013651 .031911 -.427802 [.669] P11_9 .074803 .033140 2.25722 [.024] P12_9 -.026653 .033066 -.806030 [.420] P13_9 .076050 .032653 2.32905 [.020] P14_9 -.054430 .032071 -1.69716 [.090] P15_9 -.055274 .031932 -1.73098 [.083] P16_9 -.034375 .032657 -1.05262 [.293] P17_9 .059086 .032164 1.83701 [.066] P18_9 .080017 .043609 1.83489 [.067] P19_9 -.047848 .037984 -1.25969 [.208] P20_9 -.035603 .032455 -1.09699 [.273] P21_9 -.025075 .032458 -.772554 [.440] S1_9 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB9 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #10 ====================== EQUATIONS: EQ_NB10 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_10 .955404 .120219 7.94719 [.000] P0_10 .185009 .052942 3.49456 [.000] P1_10 -.424685E-03 .033651 -.012620 [.990] P2_10 -.025653 .032750 -.783295 [.433] P3_10 -.044223 .032941 -1.34250 [.179] P4_10 -.183685 .036667 -5.00948 [.000] P5_10 -.039255 .041202 -.952746 [.341] P6_10 .036117 .043464 .830969 [.406] P7_10 .263508E-02 .032753 .080453 [.936] P8_10 .115316E-02 .032032 .036000 [.971] P9_10 -.063352 .032342 -1.95882 [.050] P10_10 -.013651 .031911 -.427802 [.669] P11_10 .074803 .033140 2.25722 [.024] P12_10 -.026653 .033066 -.806030 [.420] P13_10 .076050 .032653 2.32905 [.020] P14_10 -.054430 .032071 -1.69716 [.090] P15_10 -.055274 .031932 -1.73098 [.083] P16_10 -.034375 .032657 -1.05262 [.293] P17_10 .059086 .032164 1.83701 [.066] P18_10 .080017 .043609 1.83489 [.067] P19_10 -.047848 .037984 -1.25969 [.208] P20_10 -.035603 .032455 -1.09699 [.273] P21_10 -.025075 .032458 -.772554 [.440] S1_10 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB10 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #11 ====================== EQUATIONS: EQ_NB11 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_11 .955404 .120219 7.94719 [.000] P0_11 .185009 .052942 3.49456 [.000] P1_11 -.424685E-03 .033651 -.012620 [.990] P2_11 -.025653 .032750 -.783295 [.433] P3_11 -.044223 .032941 -1.34250 [.179] P4_11 -.183685 .036667 -5.00948 [.000] P5_11 -.039255 .041202 -.952746 [.341] P6_11 .036117 .043464 .830969 [.406] P7_11 .263508E-02 .032753 .080453 [.936] P8_11 .115316E-02 .032032 .036000 [.971] P9_11 -.063352 .032342 -1.95882 [.050] P10_11 -.013651 .031911 -.427802 [.669] P11_11 .074803 .033140 2.25722 [.024] P12_11 -.026653 .033066 -.806030 [.420] P13_11 .076050 .032653 2.32905 [.020] P14_11 -.054430 .032071 -1.69716 [.090] P15_11 -.055274 .031932 -1.73098 [.083] P16_11 -.034375 .032657 -1.05262 [.293] P17_11 .059086 .032164 1.83701 [.066] P18_11 .080017 .043609 1.83489 [.067] P19_11 -.047848 .037984 -1.25969 [.208] P20_11 -.035603 .032455 -1.09699 [.273] P21_11 -.025075 .032458 -.772554 [.440] S1_11 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB11 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #12 ====================== EQUATIONS: EQ_NB12 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_12 .955404 .120219 7.94719 [.000] P0_12 .185009 .052942 3.49456 [.000] P1_12 -.424685E-03 .033651 -.012620 [.990] P2_12 -.025653 .032750 -.783295 [.433] P3_12 -.044223 .032941 -1.34250 [.179] P4_12 -.183685 .036667 -5.00948 [.000] P5_12 -.039255 .041202 -.952746 [.341] P6_12 .036117 .043464 .830969 [.406] P7_12 .263508E-02 .032753 .080453 [.936] P8_12 .115316E-02 .032032 .036000 [.971] P9_12 -.063352 .032342 -1.95882 [.050] P10_12 -.013651 .031911 -.427802 [.669] P11_12 .074803 .033140 2.25722 [.024] P12_12 -.026653 .033066 -.806030 [.420] P13_12 .076050 .032653 2.32905 [.020] P14_12 -.054430 .032071 -1.69716 [.090] P15_12 -.055274 .031932 -1.73098 [.083] P16_12 -.034375 .032657 -1.05262 [.293] P17_12 .059086 .032164 1.83701 [.066] P18_12 .080017 .043609 1.83489 [.067] P19_12 -.047848 .037984 -1.25969 [.208] P20_12 -.035603 .032455 -1.09699 [.273] P21_12 -.025075 .032458 -.772554 [.440] S1_12 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB12 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #13 ====================== EQUATIONS: EQ_NB13 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_13 .955404 .120219 7.94719 [.000] P0_13 .185009 .052942 3.49456 [.000] P1_13 -.424685E-03 .033651 -.012620 [.990] P2_13 -.025653 .032750 -.783295 [.433] P3_13 -.044223 .032941 -1.34250 [.179] P4_13 -.183685 .036667 -5.00948 [.000] P5_13 -.039255 .041202 -.952746 [.341] P6_13 .036117 .043464 .830969 [.406] P7_13 .263508E-02 .032753 .080453 [.936] P8_13 .115316E-02 .032032 .036000 [.971] P9_13 -.063352 .032342 -1.95882 [.050] P10_13 -.013651 .031911 -.427802 [.669] P11_13 .074803 .033140 2.25722 [.024] P12_13 -.026653 .033066 -.806030 [.420] P13_13 .076050 .032653 2.32905 [.020] P14_13 -.054430 .032071 -1.69716 [.090] P15_13 -.055274 .031932 -1.73098 [.083] P16_13 -.034375 .032657 -1.05262 [.293] P17_13 .059086 .032164 1.83701 [.066] P18_13 .080017 .043609 1.83489 [.067] P19_13 -.047848 .037984 -1.25969 [.208] P20_13 -.035603 .032455 -1.09699 [.273] P21_13 -.025075 .032458 -.772554 [.440] S1_13 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB13 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #14 ====================== EQUATIONS: EQ_NB14 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_14 .955404 .120219 7.94719 [.000] P0_14 .185009 .052942 3.49456 [.000] P1_14 -.424685E-03 .033651 -.012620 [.990] P2_14 -.025653 .032750 -.783295 [.433] P3_14 -.044223 .032941 -1.34250 [.179] P4_14 -.183685 .036667 -5.00948 [.000] P5_14 -.039255 .041202 -.952746 [.341] P6_14 .036117 .043464 .830969 [.406] P7_14 .263508E-02 .032753 .080453 [.936] P8_14 .115316E-02 .032032 .036000 [.971] P9_14 -.063352 .032342 -1.95882 [.050] P10_14 -.013651 .031911 -.427802 [.669] P11_14 .074803 .033140 2.25722 [.024] P12_14 -.026653 .033066 -.806030 [.420] P13_14 .076050 .032653 2.32905 [.020] P14_14 -.054430 .032071 -1.69716 [.090] P15_14 -.055274 .031932 -1.73098 [.083] P16_14 -.034375 .032657 -1.05262 [.293] P17_14 .059086 .032164 1.83701 [.066] P18_14 .080017 .043609 1.83489 [.067] P19_14 -.047848 .037984 -1.25969 [.208] P20_14 -.035603 .032455 -1.09699 [.273] P21_14 -.025075 .032458 -.772554 [.440] S1_14 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB14 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #15 ====================== EQUATIONS: EQ_NB15 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_15 .955404 .120219 7.94719 [.000] P0_15 .185009 .052942 3.49456 [.000] P1_15 -.424685E-03 .033651 -.012620 [.990] P2_15 -.025653 .032750 -.783295 [.433] P3_15 -.044223 .032941 -1.34250 [.179] P4_15 -.183685 .036667 -5.00948 [.000] P5_15 -.039255 .041202 -.952746 [.341] P6_15 .036117 .043464 .830969 [.406] P7_15 .263508E-02 .032753 .080453 [.936] P8_15 .115316E-02 .032032 .036000 [.971] P9_15 -.063352 .032342 -1.95882 [.050] P10_15 -.013651 .031911 -.427802 [.669] P11_15 .074803 .033140 2.25722 [.024] P12_15 -.026653 .033066 -.806030 [.420] P13_15 .076050 .032653 2.32905 [.020] P14_15 -.054430 .032071 -1.69716 [.090] P15_15 -.055274 .031932 -1.73098 [.083] P16_15 -.034375 .032657 -1.05262 [.293] P17_15 .059086 .032164 1.83701 [.066] P18_15 .080017 .043609 1.83489 [.067] P19_15 -.047848 .037984 -1.25969 [.208] P20_15 -.035603 .032455 -1.09699 [.273] P21_15 -.025075 .032458 -.772554 [.440] S1_15 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB15 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #16 ====================== EQUATIONS: EQ_NB16 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_16 .955404 .120219 7.94719 [.000] P0_16 .185009 .052942 3.49456 [.000] P1_16 -.424685E-03 .033651 -.012620 [.990] P2_16 -.025653 .032750 -.783295 [.433] P3_16 -.044223 .032941 -1.34250 [.179] P4_16 -.183685 .036667 -5.00948 [.000] P5_16 -.039255 .041202 -.952746 [.341] P6_16 .036117 .043464 .830969 [.406] P7_16 .263508E-02 .032753 .080453 [.936] P8_16 .115316E-02 .032032 .036000 [.971] P9_16 -.063352 .032342 -1.95882 [.050] P10_16 -.013651 .031911 -.427802 [.669] P11_16 .074803 .033140 2.25722 [.024] P12_16 -.026653 .033066 -.806030 [.420] P13_16 .076050 .032653 2.32905 [.020] P14_16 -.054430 .032071 -1.69716 [.090] P15_16 -.055274 .031932 -1.73098 [.083] P16_16 -.034375 .032657 -1.05262 [.293] P17_16 .059086 .032164 1.83701 [.066] P18_16 .080017 .043609 1.83489 [.067] P19_16 -.047848 .037984 -1.25969 [.208] P20_16 -.035603 .032455 -1.09699 [.273] P21_16 -.025075 .032458 -.772554 [.440] S1_16 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB16 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #17 ====================== EQUATIONS: EQ_NB17 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_17 .955404 .120219 7.94719 [.000] P0_17 .185009 .052942 3.49456 [.000] P1_17 -.424685E-03 .033651 -.012620 [.990] P2_17 -.025653 .032750 -.783295 [.433] P3_17 -.044223 .032941 -1.34250 [.179] P4_17 -.183685 .036667 -5.00948 [.000] P5_17 -.039255 .041202 -.952746 [.341] P6_17 .036117 .043464 .830969 [.406] P7_17 .263508E-02 .032753 .080453 [.936] P8_17 .115316E-02 .032032 .036000 [.971] P9_17 -.063352 .032342 -1.95882 [.050] P10_17 -.013651 .031911 -.427802 [.669] P11_17 .074803 .033140 2.25722 [.024] P12_17 -.026653 .033066 -.806030 [.420] P13_17 .076050 .032653 2.32905 [.020] P14_17 -.054430 .032071 -1.69716 [.090] P15_17 -.055274 .031932 -1.73098 [.083] P16_17 -.034375 .032657 -1.05262 [.293] P17_17 .059086 .032164 1.83701 [.066] P18_17 .080017 .043609 1.83489 [.067] P19_17 -.047848 .037984 -1.25969 [.208] P20_17 -.035603 .032455 -1.09699 [.273] P21_17 -.025075 .032458 -.772554 [.440] S1_17 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB17 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #18 ====================== EQUATIONS: EQ_NB18 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_18 .955404 .120219 7.94719 [.000] P0_18 .185009 .052942 3.49456 [.000] P1_18 -.424685E-03 .033651 -.012620 [.990] P2_18 -.025653 .032750 -.783295 [.433] P3_18 -.044223 .032941 -1.34250 [.179] P4_18 -.183685 .036667 -5.00948 [.000] P5_18 -.039255 .041202 -.952746 [.341] P6_18 .036117 .043464 .830969 [.406] P7_18 .263508E-02 .032753 .080453 [.936] P8_18 .115316E-02 .032032 .036000 [.971] P9_18 -.063352 .032342 -1.95882 [.050] P10_18 -.013651 .031911 -.427802 [.669] P11_18 .074803 .033140 2.25722 [.024] P12_18 -.026653 .033066 -.806030 [.420] P13_18 .076050 .032653 2.32905 [.020] P14_18 -.054430 .032071 -1.69716 [.090] P15_18 -.055274 .031932 -1.73098 [.083] P16_18 -.034375 .032657 -1.05262 [.293] P17_18 .059086 .032164 1.83701 [.066] P18_18 .080017 .043609 1.83489 [.067] P19_18 -.047848 .037984 -1.25969 [.208] P20_18 -.035603 .032455 -1.09699 [.273] P21_18 -.025075 .032458 -.772554 [.440] S1_18 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB18 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #19 ====================== EQUATIONS: EQ_NB19 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_19 .955404 .120219 7.94719 [.000] P0_19 .185009 .052942 3.49456 [.000] P1_19 -.424685E-03 .033651 -.012620 [.990] P2_19 -.025653 .032750 -.783295 [.433] P3_19 -.044223 .032941 -1.34250 [.179] P4_19 -.183685 .036667 -5.00948 [.000] P5_19 -.039255 .041202 -.952746 [.341] P6_19 .036117 .043464 .830969 [.406] P7_19 .263508E-02 .032753 .080453 [.936] P8_19 .115316E-02 .032032 .036000 [.971] P9_19 -.063352 .032342 -1.95882 [.050] P10_19 -.013651 .031911 -.427802 [.669] P11_19 .074803 .033140 2.25722 [.024] P12_19 -.026653 .033066 -.806030 [.420] P13_19 .076050 .032653 2.32905 [.020] P14_19 -.054430 .032071 -1.69716 [.090] P15_19 -.055274 .031932 -1.73098 [.083] P16_19 -.034375 .032657 -1.05262 [.293] P17_19 .059086 .032164 1.83701 [.066] P18_19 .080017 .043609 1.83489 [.067] P19_19 -.047848 .037984 -1.25969 [.208] P20_19 -.035603 .032455 -1.09699 [.273] P21_19 -.025075 .032458 -.772554 [.440] S1_19 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB19 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #20 ====================== EQUATIONS: EQ_NB20 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_20 .955404 .120219 7.94719 [.000] P0_20 .185009 .052942 3.49456 [.000] P1_20 -.424685E-03 .033651 -.012620 [.990] P2_20 -.025653 .032750 -.783295 [.433] P3_20 -.044223 .032941 -1.34250 [.179] P4_20 -.183685 .036667 -5.00948 [.000] P5_20 -.039255 .041202 -.952746 [.341] P6_20 .036117 .043464 .830969 [.406] P7_20 .263508E-02 .032753 .080453 [.936] P8_20 .115316E-02 .032032 .036000 [.971] P9_20 -.063352 .032342 -1.95882 [.050] P10_20 -.013651 .031911 -.427802 [.669] P11_20 .074803 .033140 2.25722 [.024] P12_20 -.026653 .033066 -.806030 [.420] P13_20 .076050 .032653 2.32905 [.020] P14_20 -.054430 .032071 -1.69716 [.090] P15_20 -.055274 .031932 -1.73098 [.083] P16_20 -.034375 .032657 -1.05262 [.293] P17_20 .059086 .032164 1.83701 [.066] P18_20 .080017 .043609 1.83489 [.067] P19_20 -.047848 .037984 -1.25969 [.208] P20_20 -.035603 .032455 -1.09699 [.273] P21_20 -.025075 .032458 -.772554 [.440] S1_20 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB20 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #21 ====================== EQUATIONS: EQ_NB21 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_21 .955404 .120219 7.94719 [.000] P0_21 .185009 .052942 3.49456 [.000] P1_21 -.424685E-03 .033651 -.012620 [.990] P2_21 -.025653 .032750 -.783295 [.433] P3_21 -.044223 .032941 -1.34250 [.179] P4_21 -.183685 .036667 -5.00948 [.000] P5_21 -.039255 .041202 -.952746 [.341] P6_21 .036117 .043464 .830969 [.406] P7_21 .263508E-02 .032753 .080453 [.936] P8_21 .115316E-02 .032032 .036000 [.971] P9_21 -.063352 .032342 -1.95882 [.050] P10_21 -.013651 .031911 -.427802 [.669] P11_21 .074803 .033140 2.25722 [.024] P12_21 -.026653 .033066 -.806030 [.420] P13_21 .076050 .032653 2.32905 [.020] P14_21 -.054430 .032071 -1.69716 [.090] P15_21 -.055274 .031932 -1.73098 [.083] P16_21 -.034375 .032657 -1.05262 [.293] P17_21 .059086 .032164 1.83701 [.066] P18_21 .080017 .043609 1.83489 [.067] P19_21 -.047848 .037984 -1.25969 [.208] P20_21 -.035603 .032455 -1.09699 [.273] P21_21 -.025075 .032458 -.772554 [.440] S1_21 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB21 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #22 ====================== EQUATIONS: EQ_NB22 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_22 .955404 .120219 7.94719 [.000] P0_22 .185009 .052942 3.49456 [.000] P1_22 -.424685E-03 .033651 -.012620 [.990] P2_22 -.025653 .032750 -.783295 [.433] P3_22 -.044223 .032941 -1.34250 [.179] P4_22 -.183685 .036667 -5.00948 [.000] P5_22 -.039255 .041202 -.952746 [.341] P6_22 .036117 .043464 .830969 [.406] P7_22 .263508E-02 .032753 .080453 [.936] P8_22 .115316E-02 .032032 .036000 [.971] P9_22 -.063352 .032342 -1.95882 [.050] P10_22 -.013651 .031911 -.427802 [.669] P11_22 .074803 .033140 2.25722 [.024] P12_22 -.026653 .033066 -.806030 [.420] P13_22 .076050 .032653 2.32905 [.020] P14_22 -.054430 .032071 -1.69716 [.090] P15_22 -.055274 .031932 -1.73098 [.083] P16_22 -.034375 .032657 -1.05262 [.293] P17_22 .059086 .032164 1.83701 [.066] P18_22 .080017 .043609 1.83489 [.067] P19_22 -.047848 .037984 -1.25969 [.208] P20_22 -.035603 .032455 -1.09699 [.273] P21_22 -.025075 .032458 -.772554 [.440] S1_22 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB22 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #23 ====================== EQUATIONS: EQ_NB23 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_23 .955404 .120219 7.94719 [.000] P0_23 .185009 .052942 3.49456 [.000] P1_23 -.424685E-03 .033651 -.012620 [.990] P2_23 -.025653 .032750 -.783295 [.433] P3_23 -.044223 .032941 -1.34250 [.179] P4_23 -.183685 .036667 -5.00948 [.000] P5_23 -.039255 .041202 -.952746 [.341] P6_23 .036117 .043464 .830969 [.406] P7_23 .263508E-02 .032753 .080453 [.936] P8_23 .115316E-02 .032032 .036000 [.971] P9_23 -.063352 .032342 -1.95882 [.050] P10_23 -.013651 .031911 -.427802 [.669] P11_23 .074803 .033140 2.25722 [.024] P12_23 -.026653 .033066 -.806030 [.420] P13_23 .076050 .032653 2.32905 [.020] P14_23 -.054430 .032071 -1.69716 [.090] P15_23 -.055274 .031932 -1.73098 [.083] P16_23 -.034375 .032657 -1.05262 [.293] P17_23 .059086 .032164 1.83701 [.066] P18_23 .080017 .043609 1.83489 [.067] P19_23 -.047848 .037984 -1.25969 [.208] P20_23 -.035603 .032455 -1.09699 [.273] P21_23 -.025075 .032458 -.772554 [.440] S1_23 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB23 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #24 ====================== EQUATIONS: EQ_NB24 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_24 .955404 .120219 7.94719 [.000] P0_24 .185009 .052942 3.49456 [.000] P1_24 -.424685E-03 .033651 -.012620 [.990] P2_24 -.025653 .032750 -.783295 [.433] P3_24 -.044223 .032941 -1.34250 [.179] P4_24 -.183685 .036667 -5.00948 [.000] P5_24 -.039255 .041202 -.952746 [.341] P6_24 .036117 .043464 .830969 [.406] P7_24 .263508E-02 .032753 .080453 [.936] P8_24 .115316E-02 .032032 .036000 [.971] P9_24 -.063352 .032342 -1.95882 [.050] P10_24 -.013651 .031911 -.427802 [.669] P11_24 .074803 .033140 2.25722 [.024] P12_24 -.026653 .033066 -.806030 [.420] P13_24 .076050 .032653 2.32905 [.020] P14_24 -.054430 .032071 -1.69716 [.090] P15_24 -.055274 .031932 -1.73098 [.083] P16_24 -.034375 .032657 -1.05262 [.293] P17_24 .059086 .032164 1.83701 [.066] P18_24 .080017 .043609 1.83489 [.067] P19_24 -.047848 .037984 -1.25969 [.208] P20_24 -.035603 .032455 -1.09699 [.273] P21_24 -.025075 .032458 -.772554 [.440] S1_24 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB24 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076] INVESTOR #25 ====================== EQUATIONS: EQ_NB25 NOB 852 SBIC 1216.11 LOGL -1135.14 Standard Parameter Estimate Error t-statistic P-value A_25 .955404 .120219 7.94719 [.000] P0_25 .185009 .052942 3.49456 [.000] P1_25 -.424685E-03 .033651 -.012620 [.990] P2_25 -.025653 .032750 -.783295 [.433] P3_25 -.044223 .032941 -1.34250 [.179] P4_25 -.183685 .036667 -5.00948 [.000] P5_25 -.039255 .041202 -.952746 [.341] P6_25 .036117 .043464 .830969 [.406] P7_25 .263508E-02 .032753 .080453 [.936] P8_25 .115316E-02 .032032 .036000 [.971] P9_25 -.063352 .032342 -1.95882 [.050] P10_25 -.013651 .031911 -.427802 [.669] P11_25 .074803 .033140 2.25722 [.024] P12_25 -.026653 .033066 -.806030 [.420] P13_25 .076050 .032653 2.32905 [.020] P14_25 -.054430 .032071 -1.69716 [.090] P15_25 -.055274 .031932 -1.73098 [.083] P16_25 -.034375 .032657 -1.05262 [.293] P17_25 .059086 .032164 1.83701 [.066] P18_25 .080017 .043609 1.83489 [.067] P19_25 -.047848 .037984 -1.25969 [.208] P20_25 -.035603 .032455 -1.09699 [.273] P21_25 -.025075 .032458 -.772554 [.440] S1_25 -.073860 .052953 -1.39481 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_NB25 Dependent variable: LPSE YMEAN 5.13485 S2 .865314 ARSQ .098573 SDEV .979764 S .930223 LMHET 21.2514 [.000] SSR 716.480 RSQ .122936 DW 1.82507 [<.076]