INVESTOR #1 ===================== EQUATIONS: EQ_B1 NOB 837 SBIC 951.878 LOGL -854.295 Standard Parameter Estimate Error t-statistic P-value C_1 3.25069 .386804 8.40396 [.000] A2_1 .273001 .052391 5.21083 [.000] P0_1 -.109702 .041331 -2.65424 [.008] P1_1 -.014581 .024831 -.587190 [.557] P2_1 .644958E-02 .024291 .265515 [.791] P3_1 -.016366 .024322 -.672903 [.501] P4_1 -.093269 .027959 -3.33590 [.001] P5_1 -.255165E-02 .031161 -.081886 [.935] P6_1 .987948E-02 .032691 .302205 [.762] P7_1 -.067018 .024532 -2.73185 [.006] P8_1 -.762151E-02 .023843 -.319652 [.749] P9_1 -.034220 .024080 -1.42109 [.155] P10_1 .017303 .023577 .733873 [.463] P11_1 .316339E-03 .024889 .012710 [.990] P12_1 -.033477 .025243 -1.32615 [.185] P13_1 .021157 .024600 .860057 [.390] P14_1 -.030519 .023799 -1.28235 [.200] P15_1 -.030508 .023825 -1.28049 [.200] P16_1 -.042194 .024243 -1.74045 [.082] P17_1 -.460991E-02 .023976 -.192271 [.848] P18_1 .014966 .034465 .434241 [.664] P19_1 -.668271E-02 .028738 -.232540 [.816] P20_1 -.435842E-03 .023953 -.018195 [.985] P21_1 .044454 .024420 1.82038 [.069] DI1_1 .162197 .022691 7.14817 [.000] DF1_1 .035255 .011437 3.08250 [.002] S1_1 -.181320 .070478 -2.57274 [.010] S2_1 .198254 .053362 3.71525 [.000] B_1 .032441 .028470 1.13949 [.254] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B1 Dependent variable: LPSE YMEAN 5.11995 S2 .467065 ARSQ .513040 SDEV .979358 S .683421 LMHET .052085 [.819] SSR 377.388 RSQ .529349 DW 1.97913 [<.859] INVESTOR #2 ===================== EQUATIONS: EQ_B2 NOB 837 SBIC 951.341 LOGL -853.759 Standard Parameter Estimate Error t-statistic P-value C_2 3.20279 .384632 8.32690 [.000] A2_2 .283148 .052408 5.40272 [.000] P0_2 -.109200 .041305 -2.64371 [.008] P1_2 -.014993 .024816 -.604146 [.546] P2_2 .672174E-02 .024273 .276921 [.782] P3_2 -.014026 .024314 -.576862 [.564] P4_2 -.092785 .027943 -3.32049 [.001] P5_2 -.962007E-02 .030308 -.317410 [.751] P6_2 .011009 .032684 .336836 [.736] P7_2 -.068174 .024514 -2.78105 [.005] P8_2 -.701841E-02 .023809 -.294779 [.768] P9_2 -.034256 .024058 -1.42390 [.154] P10_2 .017432 .023562 .739852 [.459] P11_2 .238880E-02 .024824 .096230 [.923] P12_2 -.034433 .025223 -1.36517 [.172] P13_2 .019457 .024635 .789830 [.430] P14_2 -.030117 .023759 -1.26760 [.205] P15_2 -.030932 .023813 -1.29893 [.194] P16_2 -.042265 .024226 -1.74464 [.081] P17_2 -.230542E-02 .024059 -.095825 [.924] P18_2 .017744 .032999 .537706 [.591] P19_2 -.025852 .032770 -.788893 [.430] P20_2 -.944614E-04 .023929 -.394754E-02 [.997] P21_2 .045135 .024298 1.85760 [.063] DI1_2 .161449 .022684 7.11720 [.000] DF1_2 .033753 .011474 2.94157 [.003] S1_2 -.183167 .070442 -2.60025 [.009] S2_2 .203208 .053182 3.82099 [.000] B_2 .050282 .032890 1.52879 [.126] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B2 Dependent variable: LPSE YMEAN 5.11995 S2 .466466 ARSQ .513664 SDEV .979358 S .682983 LMHET .080087 [.777] SSR 376.904 RSQ .529953 DW 1.97479 [<.844] INVESTOR #3 ===================== EQUATIONS: EQ_B3 NOB 837 SBIC 951.135 LOGL -853.553 Standard Parameter Estimate Error t-statistic P-value C_3 3.20162 .384541 8.32582 [.000] A2_3 .274951 .052247 5.26247 [.000] P0_3 -.109718 .041286 -2.65754 [.008] P1_3 -.014656 .024809 -.590727 [.555] P2_3 .631620E-02 .024258 .260376 [.795] P3_3 -.015594 .024289 -.642024 [.521] P4_3 -.093154 .027934 -3.33474 [.001] P5_3 .169726E-03 .031003 .547451E-02 [.996] P6_3 .011273 .032679 .344973 [.730] P7_3 -.069330 .024527 -2.82666 [.005] P8_3 -.698340E-02 .023803 -.293389 [.769] P9_3 -.033236 .024042 -1.38242 [.167] P10_3 .017251 .023554 .732434 [.464] P11_3 .172850E-02 .024818 .069647 [.944] P12_3 -.034570 .025217 -1.37090 [.170] P13_3 .019439 .024619 .789591 [.430] P14_3 -.030675 .023763 -1.29084 [.197] P15_3 -.030281 .023802 -1.27218 [.203] P16_3 -.041690 .024215 -1.72164 [.085] P17_3 -.130669E-02 .024101 -.054218 [.957] P18_3 .324530E-02 .035731 .090826 [.928] P19_3 -.010552 .028832 -.365964 [.714] P20_3 -.208968E-03 .023915 -.873814E-02 [.993] P21_3 .047346 .024474 1.93453 [.053] DI1_3 .162280 .022670 7.15843 [.000] DF1_3 .035293 .011427 3.08863 [.002] S1_3 -.179233 .070427 -2.54496 [.011] S2_3 .200054 .053193 3.76088 [.000] B_3 .023241 .014050 1.65413 [.098] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B3 Dependent variable: LPSE YMEAN 5.11995 S2 .466236 ARSQ .513903 SDEV .979358 S .682815 LMHET .095886 [.757] SSR 376.719 RSQ .530184 DW 1.97894 [<.858] INVESTOR #4 ===================== EQUATIONS: EQ_B4 NOB 837 SBIC 951.232 LOGL -853.650 Standard Parameter Estimate Error t-statistic P-value C_4 3.25215 .385628 8.43340 [.000] A2_4 .274592 .052260 5.25434 [.000] P0_4 -.111736 .041285 -2.70643 [.007] P1_4 -.014305 .024813 -.576510 [.564] P2_4 .545315E-02 .024254 .224831 [.822] P3_4 -.017687 .024330 -.726973 [.467] P4_4 -.093015 .027938 -3.32933 [.001] P5_4 -.244778E-02 .030739 -.079632 [.937] P6_4 .011223 .032683 .343397 [.731] P7_4 -.069506 .024537 -2.83273 [.005] P8_4 -.799318E-02 .023822 -.335531 [.737] P9_4 -.035265 .024080 -1.46448 [.143] P10_4 .016654 .023555 .707030 [.480] P11_4 -.106502E-02 .024899 -.042773 [.966] P12_4 -.033353 .025222 -1.32234 [.186] P13_4 .021095 .024571 .858524 [.391] P14_4 -.031197 .023784 -1.31167 [.190] P15_4 -.030626 .023807 -1.28643 [.198] P16_4 -.042483 .024225 -1.75369 [.079] P17_4 -.342081E-02 .023979 -.142658 [.887] P18_4 .014481 .033424 .433249 [.665] P19_4 -.963547E-02 .028762 -.335007 [.738] P20_4 .655857E-03 .023953 .027382 [.978] P21_4 .043855 .024169 1.81453 [.070] DI1_4 .162402 .022672 7.16305 [.000] DF1_4 .034702 .011434 3.03490 [.002] S1_4 -.178563 .070445 -2.53477 [.011] S2_4 .197328 .053283 3.70339 [.000] B_4 .038560 .024156 1.59630 [.110] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B4 Dependent variable: LPSE YMEAN 5.11995 S2 .466344 ARSQ .513790 SDEV .979358 S .682894 LMHET .076409 [.782] SSR 376.806 RSQ .530075 DW 1.98317 [<.872] INVESTOR #5 ===================== EQUATIONS: EQ_B5 NOB 837 SBIC 949.594 LOGL -852.012 Standard Parameter Estimate Error t-statistic P-value C_5 3.31764 .386613 8.58130 [.000] A2_5 .270293 .052211 5.17695 [.000] P0_5 -.107459 .041229 -2.60638 [.009] P1_5 -.017504 .024792 -.706028 [.480] P2_5 .569816E-02 .024207 .235390 [.814] P3_5 -.015629 .024244 -.644628 [.519] P4_5 -.095701 .027902 -3.42995 [.001] P5_5 .225861E-03 .030582 .738546E-02 [.994] P6_5 .892330E-02 .032601 .273716 [.784] P7_5 -.067922 .024460 -2.77686 [.005] P8_5 -.802601E-02 .023766 -.337715 [.736] P9_5 -.034910 .024009 -1.45404 [.146] P10_5 .016373 .023509 .696431 [.486] P11_5 -.148338E-02 .024817 -.059773 [.952] P12_5 -.034788 .025171 -1.38206 [.167] P13_5 .018605 .024561 .757529 [.449] P14_5 -.030639 .023708 -1.29231 [.196] P15_5 -.031320 .023763 -1.31800 [.188] P16_5 -.042332 .024173 -1.75123 [.080] P17_5 -.228028E-02 .023922 -.095321 [.924] P18_5 .013501 .032747 .412278 [.680] P19_5 -.947873E-02 .028360 -.334226 [.738] P20_5 .123756E-02 .023884 .051816 [.959] P21_5 .046512 .024146 1.92624 [.054] DI1_5 .160844 .022638 7.10514 [.000] DF1_5 .035140 .011406 3.08081 [.002] S1_5 -.183578 .070292 -2.61167 [.009] S2_5 .193975 .053197 3.64634 [.000] B_5 .061002 .025492 2.39301 [.017] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B5 Dependent variable: LPSE YMEAN 5.11995 S2 .464523 ARSQ .515689 SDEV .979358 S .681559 LMHET .173546 [.677] SSR 375.335 RSQ .531910 DW 1.98245 [<.869] INVESTOR #6 ===================== EQUATIONS: EQ_B6 NOB 837 SBIC 951.490 LOGL -853.907 Standard Parameter Estimate Error t-statistic P-value C_6 3.21956 .384798 8.36690 [.000] A2_6 .276811 .052257 5.29713 [.000] P0_6 -.109437 .041310 -2.64915 [.008] P1_6 -.014903 .024820 -.600418 [.548] P2_6 .603990E-02 .024266 .248903 [.803] P3_6 -.016598 .024311 -.682740 [.495] P4_6 -.093332 .027946 -3.33968 [.001] P5_6 -.666782E-02 .030438 -.219060 [.827] P6_6 .975761E-02 .032675 .298630 [.765] P7_6 -.067905 .024516 -2.76982 [.006] P8_6 -.745721E-02 .023821 -.313057 [.754] P9_6 -.034289 .024065 -1.42489 [.154] P10_6 .016418 .023563 .696752 [.486] P11_6 .334814E-03 .024858 .013469 [.989] P12_6 -.034647 .025229 -1.37330 [.170] P13_6 .019992 .024621 .812000 [.417] P14_6 -.030043 .023763 -1.26425 [.206] P15_6 -.030325 .023813 -1.27350 [.203] P16_6 -.041903 .024227 -1.72961 [.084] P17_6 -.365043E-02 .023991 -.152161 [.879] P18_6 .018436 .033008 .558518 [.576] P19_6 -.011840 .029306 -.403997 [.686] P20_6 .106925E-03 .023947 .446504E-02 [.996] P21_6 .045519 .024385 1.86667 [.062] DI1_6 .162140 .022680 7.14898 [.000] DF1_6 .034709 .011439 3.03421 [.002] S1_6 -.181221 .070445 -2.57251 [.010] S2_6 .200277 .053219 3.76327 [.000] B_6 .027967 .019536 1.43155 [.152] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B6 Dependent variable: LPSE YMEAN 5.11995 S2 .466632 ARSQ .513491 SDEV .979358 S .683104 LMHET .077661 [.780] SSR 377.038 RSQ .529786 DW 1.97841 [<.857] INVESTOR #7 ===================== EQUATIONS: EQ_B7 NOB 837 SBIC 951.461 LOGL -853.879 Standard Parameter Estimate Error t-statistic P-value C_7 3.20502 .384681 8.33163 [.000] A2_7 .278223 .052263 5.32351 [.000] P0_7 -.109941 .041301 -2.66196 [.008] P1_7 -.014678 .024819 -.591384 [.554] P2_7 .559037E-02 .024261 .230422 [.818] P3_7 -.015820 .024299 -.651058 [.515] P4_7 -.093305 .027945 -3.33885 [.001] P5_7 -.180658E-02 .030924 -.058419 [.953] P6_7 .982470E-02 .032674 .300690 [.764] P7_7 -.068000 .024516 -2.77370 [.006] P8_7 -.732517E-02 .023817 -.307559 [.758] P9_7 -.035556 .024107 -1.47493 [.140] P10_7 .016374 .023563 .694906 [.487] P11_7 -.187368E-04 .024870 -.753395E-03 [.999] P12_7 -.034286 .025226 -1.35918 [.174] P13_7 .020733 .024591 .843122 [.399] P14_7 -.030007 .023761 -1.26286 [.207] P15_7 -.030164 .023812 -1.26679 [.205] P16_7 -.041985 .024226 -1.73305 [.083] P17_7 -.375808E-02 .023982 -.156704 [.875] P18_7 .015062 .033576 .448611 [.654] P19_7 -.932999E-02 .028850 -.323394 [.746] P20_7 -.819321E-04 .023937 -.342280E-02 [.997] P21_7 .045508 .024374 1.86710 [.062] DI1_7 .161843 .022682 7.13528 [.000] DF1_7 .034740 .011438 3.03728 [.002] S1_7 -.180202 .070447 -2.55798 [.011] S2_7 .201061 .053202 3.77922 [.000] B_7 .024277 .016733 1.45078 [.147] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B7 Dependent variable: LPSE YMEAN 5.11995 S2 .466600 ARSQ .513524 SDEV .979358 S .683081 LMHET .055591 [.814] SSR 377.013 RSQ .529818 DW 1.97496 [<.845] INVESTOR #8 ===================== EQUATIONS: EQ_B8 NOB 837 SBIC 949.267 LOGL -851.685 Standard Parameter Estimate Error t-statistic P-value C_8 3.27584 .384651 8.51640 [.000] A2_8 .281970 .052157 5.40614 [.000] P0_8 -.119830 .041334 -2.89908 [.004] P1_8 -.012449 .024769 -.502594 [.615] P2_8 .013963 .024435 .571422 [.568] P3_8 -.948383E-02 .024352 -.389448 [.697] P4_8 -.087787 .027957 -3.14011 [.002] P5_8 -.314878E-02 .030374 -.103667 [.917] P6_8 .016400 .032704 .501479 [.616] P7_8 -.068093 .024451 -2.78489 [.005] P8_8 -.822827E-02 .023758 -.346342 [.729] P9_8 -.032904 .023989 -1.37164 [.170] P10_8 .015749 .023503 .670103 [.503] P11_8 .196227E-02 .024762 .079246 [.937] P12_8 -.036249 .025174 -1.43994 [.150] P13_8 .018250 .024555 .743244 [.457] P14_8 -.029866 .023692 -1.26058 [.207] P15_8 -.030498 .023750 -1.28414 [.199] P16_8 -.041388 .024161 -1.71299 [.087] P17_8 -.703122E-03 .023957 -.029349 [.977] P18_8 .013630 .032660 .417327 [.676] P19_8 -.014116 .028619 -.493222 [.622] P20_8 .254297E-02 .023905 .106378 [.915] P21_8 .044952 .024056 1.86862 [.062] DI1_8 .161446 .022622 7.13654 [.000] DF1_8 .033175 .011433 2.90182 [.004] S1_8 -.172437 .070347 -2.45123 [.014] S2_8 .197877 .053085 3.72755 [.000] B_8 .070470 .027938 2.52241 [.012] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B8 Dependent variable: LPSE YMEAN 5.11995 S2 .464160 ARSQ .516068 SDEV .979358 S .681293 LMHET .119259 [.730] SSR 375.041 RSQ .532276 DW 1.96788 [<.819] INVESTOR #9 ===================== EQUATIONS: EQ_B9 NOB 837 SBIC 951.629 LOGL -854.047 Standard Parameter Estimate Error t-statistic P-value C_9 3.25376 .386372 8.42132 [.000] A2_9 .274464 .052296 5.24823 [.000] P0_9 -.111268 .041303 -2.69395 [.007] P1_9 -.013715 .024834 -.552269 [.581] P2_9 .804362E-02 .024347 .330373 [.741] P3_9 -.014526 .024314 -.597418 [.550] P4_9 -.091895 .027970 -3.28552 [.001] P5_9 -.410881E-02 .030716 -.133769 [.894] P6_9 .010549 .032690 .322689 [.747] P7_9 -.067421 .024520 -2.74966 [.006] P8_9 -.742784E-02 .023825 -.311761 [.755] P9_9 -.034940 .024092 -1.45028 [.147] P10_9 .017497 .023572 .742304 [.458] P11_9 .110931E-02 .024843 .044653 [.964] P12_9 -.034219 .025230 -1.35624 [.175] P13_9 .021094 .024588 .857889 [.391] P14_9 -.029320 .023758 -1.23414 [.217] P15_9 -.029148 .023829 -1.22325 [.221] P16_9 -.041889 .024231 -1.72876 [.084] P17_9 -.411585E-02 .023979 -.171646 [.864] P18_9 .018375 .033149 .554325 [.579] P19_9 -.700094E-02 .028619 -.244625 [.807] P20_9 -.817878E-03 .023921 -.034191 [.973] P21_9 .044317 .024294 1.82417 [.068] DI1_9 .162272 .022683 7.15383 [.000] DF1_9 .034843 .011439 3.04607 [.002] S1_9 -.179819 .070466 -2.55185 [.011] S2_9 .198030 .053318 3.71416 [.000] B_9 .035506 .026615 1.33408 [.182] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B9 Dependent variable: LPSE YMEAN 5.11995 S2 .466787 ARSQ .513329 SDEV .979358 S .683218 LMHET .062344 [.803] SSR 377.164 RSQ .529629 DW 1.97888 [<.858] INVESTOR #10 ====================== EQUATIONS: EQ_B10 NOB 837 SBIC 949.369 LOGL -851.786 Standard Parameter Estimate Error t-statistic P-value C_10 3.31231 .386070 8.57956 [.000] A2_10 .277052 .052124 5.31520 [.000] P0_10 -.116365 .041247 -2.82117 [.005] P1_10 -.012244 .024776 -.494171 [.621] P2_10 .012529 .024371 .514122 [.607] P3_10 -.013222 .024255 -.545127 [.586] P4_10 -.087324 .027978 -3.12117 [.002] P5_10 .441409E-02 .030839 .143135 [.886] P6_10 .013718 .032637 .420333 [.674] P7_10 -.068934 .024459 -2.81834 [.005] P8_10 -.666775E-02 .023750 -.280742 [.779] P9_10 -.033428 .023992 -1.39333 [.164] P10_10 .017188 .023503 .731315 [.465] P11_10 .241658E-02 .024765 .097580 [.922] P12_10 -.034496 .025163 -1.37090 [.170] P13_10 .019376 .024533 .789797 [.430] P14_10 -.030118 .023697 -1.27097 [.204] P15_10 -.031174 .023756 -1.31230 [.189] P16_10 -.041253 .024164 -1.70719 [.088] P17_10 -.120871E-02 .023945 -.050479 [.960] P18_10 .010332 .032960 .313469 [.754] P19_10 -.011927 .028481 -.418785 [.675] P20_10 .696730E-03 .023863 .029197 [.977] P21_10 .045103 .024068 1.87399 [.061] DI1_10 .161470 .022625 7.13674 [.000] DF1_10 .033658 .011422 2.94676 [.003] S1_10 -.176349 .070296 -2.50868 [.012] S2_10 .195555 .053135 3.68031 [.000] B_10 .075917 .030575 2.48297 [.013] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B10 Dependent variable: LPSE YMEAN 5.11995 S2 .464273 ARSQ .515950 SDEV .979358 S .681376 LMHET .094093 [.759] SSR 375.132 RSQ .532163 DW 1.97953 [<.860] INVESTOR #11 ====================== EQUATIONS: EQ_B11 NOB 837 SBIC 950.889 LOGL -853.307 Standard Parameter Estimate Error t-statistic P-value C_11 3.29347 .387455 8.50028 [.000] A2_11 .279689 .052243 5.35364 [.000] P0_11 -.110740 .041266 -2.68355 [.007] P1_11 -.017432 .024850 -.701477 [.483] P2_11 .678557E-02 .024257 .279738 [.780] P3_11 -.014986 .024283 -.617130 [.537] P4_11 -.092909 .027927 -3.32687 [.001] P5_11 -.825507E-02 .030315 -.272313 [.785] P6_11 .012007 .032682 .367395 [.713] P7_11 -.067980 .024499 -2.77486 [.006] P8_11 -.653751E-02 .023793 -.274761 [.784] P9_11 -.035424 .024067 -1.47186 [.141] P10_11 .016696 .023545 .709105 [.478] P11_11 -.125660E-02 .024881 -.050505 [.960] P12_11 -.033918 .025208 -1.34553 [.178] P13_11 .019708 .024593 .801370 [.423] P14_11 -.030621 .023752 -1.28918 [.197] P15_11 -.030744 .023797 -1.29189 [.196] P16_11 -.042594 .024215 -1.75901 [.079] P17_11 -.423164E-02 .023928 -.176852 [.860] P18_11 .013447 .033300 .403802 [.686] P19_11 -.013751 .029134 -.471994 [.637] P20_11 .176190E-03 .023914 .736769E-02 [.994] P21_11 .042941 .024082 1.78313 [.075] DI1_11 .161161 .022674 7.10772 [.000] DF1_11 .033883 .011451 2.95894 [.003] S1_11 -.185849 .070439 -2.63845 [.008] S2_11 .200374 .053169 3.76860 [.000] B_11 .062119 .034658 1.79235 [.073] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B11 Dependent variable: LPSE YMEAN 5.11995 S2 .465963 ARSQ .514189 SDEV .979358 S .682614 LMHET .087848 [.767] SSR 376.498 RSQ .530460 DW 1.97742 [<.853] INVESTOR #12 ====================== EQUATIONS: EQ_B12 NOB 837 SBIC 951.698 LOGL -854.116 Standard Parameter Estimate Error t-statistic P-value C_12 3.22265 .384989 8.37075 [.000] A2_12 .281388 .052388 5.37122 [.000] P0_12 -.108102 .041369 -2.61313 [.009] P1_12 -.014910 .024827 -.600550 [.548] P2_12 .614489E-02 .024275 .253137 [.800] P3_12 -.014365 .024321 -.590631 [.555] P4_12 -.093191 .027953 -3.33382 [.001] P5_12 -.693429E-02 .030458 -.227670 [.820] P6_12 .914311E-02 .032683 .279753 [.780] P7_12 -.068022 .024523 -2.77375 [.006] P8_12 -.605398E-02 .023819 -.254170 [.799] P9_12 -.031430 .024097 -1.30428 [.192] P10_12 .016059 .023575 .681208 [.496] P11_12 .259751E-02 .024837 .104584 [.917] P12_12 -.033694 .025234 -1.33526 [.182] P13_12 .021118 .024591 .858770 [.390] P14_12 -.029655 .023763 -1.24791 [.212] P15_12 -.030974 .023827 -1.29999 [.194] P16_12 -.042130 .024236 -1.73834 [.082] P17_12 -.370377E-02 .024011 -.154251 [.877] P18_12 .020408 .032870 .620879 [.535] P19_12 -.016925 .031031 -.545423 [.585] P20_12 -.113689E-02 .023915 -.047539 [.962] P21_12 .042821 .024166 1.77194 [.076] DI1_12 .161251 .022704 7.10238 [.000] DF1_12 .034138 .011470 2.97621 [.003] S1_12 -.187624 .070631 -2.65641 [.008] S2_12 .205207 .053238 3.85453 [.000] B_12 .038613 .030093 1.28310 [.199] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B12 Dependent variable: LPSE YMEAN 5.11995 S2 .466864 ARSQ .513249 SDEV .979358 S .683274 LMHET .056494 [.812] SSR 377.226 RSQ .529551 DW 1.97889 [<.858] INVESTOR #13 ====================== EQUATIONS: EQ_B13 NOB 837 SBIC 949.795 LOGL -852.213 Standard Parameter Estimate Error t-statistic P-value C_13 3.22149 .383968 8.39001 [.000] A2_13 .285316 .052279 5.45756 [.000] P0_13 -.109616 .041217 -2.65951 [.008] P1_13 -.016139 .024778 -.651338 [.515] P2_13 .628800E-02 .024216 .259664 [.795] P3_13 -.013509 .024265 -.556737 [.578] P4_13 -.091967 .027895 -3.29686 [.001] P5_13 .927280E-03 .030663 .030241 [.976] P6_13 .983126E-02 .032608 .301497 [.763] P7_13 -.068259 .024467 -2.78982 [.005] P8_13 -.815607E-02 .023774 -.343072 [.732] P9_13 -.035071 .024017 -1.46023 [.144] P10_13 .015548 .023520 .661056 [.509] P11_13 -.111855E-02 .024817 -.045073 [.964] P12_13 -.036397 .025195 -1.44461 [.149] P13_13 .018458 .024574 .751091 [.453] P14_13 -.030389 .023712 -1.28159 [.200] P15_13 -.030726 .023765 -1.29287 [.196] P16_13 -.042819 .024183 -1.77065 [.077] P17_13 -.101928E-02 .023979 -.042508 [.966] P18_13 .129559E-02 .034275 .037800 [.970] P19_13 -.020004 .029379 -.680906 [.496] P20_13 .237625E-02 .023928 .099309 [.921] P21_13 .048565 .024292 1.99918 [.046] DI1_13 .160203 .022654 7.07171 [.000] DF1_13 .033031 .011451 2.88461 [.004] S1_13 -.178573 .070313 -2.53970 [.011] S2_13 .198489 .053115 3.73694 [.000] B_13 .067061 .029033 2.30987 [.021] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B13 Dependent variable: LPSE YMEAN 5.11995 S2 .464746 ARSQ .515457 SDEV .979358 S .681723 LMHET .076939 [.781] SSR 375.515 RSQ .531685 DW 1.98031 [<.863] INVESTOR #14 ====================== EQUATIONS: EQ_B14 NOB 837 SBIC 951.590 LOGL -854.007 Standard Parameter Estimate Error t-statistic P-value C_14 3.21158 .384755 8.34707 [.000] A2_14 .276808 .052263 5.29645 [.000] P0_14 -.109205 .041322 -2.64279 [.008] P1_14 -.015741 .024836 -.633795 [.526] P2_14 .453678E-02 .024273 .186907 [.852] P3_14 -.015022 .024305 -.618082 [.537] P4_14 -.093336 .027950 -3.33945 [.001] P5_14 -.391779E-02 .030720 -.127531 [.899] P6_14 .972193E-02 .032678 .297503 [.766] P7_14 -.068026 .024520 -2.77430 [.006] P8_14 -.723397E-02 .023820 -.303692 [.761] P9_14 -.034000 .024063 -1.41297 [.158] P10_14 .016589 .023565 .703942 [.481] P11_14 -.124121E-03 .024884 -.498792E-02 [.996] P12_14 -.033969 .025229 -1.34641 [.178] P13_14 .020610 .024602 .837746 [.402] P14_14 -.029697 .023760 -1.24984 [.211] P15_14 -.030395 .023816 -1.27627 [.202] P16_14 -.042324 .024235 -1.74642 [.081] P17_14 -.329446E-02 .024025 -.137129 [.891] P18_14 .010353 .034967 .296076 [.767] P19_14 -.945041E-02 .028966 -.326254 [.744] P20_14 -.310661E-03 .023936 -.012979 [.990] P21_14 .045295 .024396 1.85664 [.063] DI1_14 .161856 .022686 7.13465 [.000] DF1_14 .034896 .011437 3.05120 [.002] S1_14 -.180554 .070456 -2.56265 [.010] S2_14 .200210 .053230 3.76123 [.000] B_14 .026936 .019771 1.36245 [.173] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B14 Dependent variable: LPSE YMEAN 5.11995 S2 .466743 ARSQ .513375 SDEV .979358 S .683186 LMHET .067279 [.795] SSR 377.128 RSQ .529673 DW 1.97927 [<.859] INVESTOR #15 ====================== EQUATIONS: EQ_B15 NOB 837 SBIC 950.968 LOGL -853.385 Standard Parameter Estimate Error t-statistic P-value C_15 3.28384 .386974 8.48593 [.000] A2_15 .274536 .052241 5.25516 [.000] P0_15 -.112119 .041274 -2.71642 [.007] P1_15 -.017026 .024841 -.685372 [.493] P2_15 .729291E-02 .024271 .300478 [.764] P3_15 -.013270 .024318 -.545710 [.585] P4_15 -.091632 .027944 -3.27909 [.001] P5_15 -.638143E-02 .030388 -.209996 [.834] P6_15 .011949 .032685 .365584 [.715] P7_15 -.067581 .024500 -2.75840 [.006] P8_15 -.789466E-02 .023810 -.331573 [.740] P9_15 -.032095 .024045 -1.33478 [.182] P10_15 .016250 .023549 .690036 [.490] P11_15 -.626421E-03 .024861 -.025197 [.980] P12_15 -.037893 .025304 -1.49751 [.134] P13_15 .018499 .024649 .750477 [.453] P14_15 -.029629 .023740 -1.24804 [.212] P15_15 -.030094 .023798 -1.26458 [.206] P16_15 -.041897 .024211 -1.73049 [.084] P17_15 -.474434E-02 .023918 -.198359 [.843] P18_15 .024251 .032267 .751570 [.452] P19_15 -.189634E-02 .028157 -.067348 [.946] P20_15 -.748391E-03 .023895 -.031320 [.975] P21_15 .043276 .024104 1.79536 [.073] DI1_15 .161576 .022670 7.12718 [.000] DF1_15 .035099 .011425 3.07207 [.002] S1_15 -.181722 .070401 -2.58123 [.010] S2_15 .198650 .053209 3.73335 [.000] B_15 .035401 .020235 1.74952 [.080] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B15 Dependent variable: LPSE YMEAN 5.11995 S2 .466050 ARSQ .514098 SDEV .979358 S .682678 LMHET .064775 [.799] SSR 376.568 RSQ .530372 DW 1.97147 [<.833] INVESTOR #16 ====================== EQUATIONS: EQ_B16 NOB 837 SBIC 950.171 LOGL -852.588 Standard Parameter Estimate Error t-statistic P-value C_16 3.27437 .385379 8.49648 [.000] A2_16 .276921 .052174 5.30761 [.000] P0_16 -.109102 .041240 -2.64552 [.008] P1_16 -.015859 .024787 -.639815 [.522] P2_16 .709092E-02 .024237 .292571 [.770] P3_16 -.016287 .024264 -.671260 [.502] P4_16 -.093379 .027902 -3.34664 [.001] P5_16 .125178E-02 .030769 .040683 [.968] P6_16 .966951E-02 .032623 .296406 [.767] P7_16 -.066645 .024481 -2.72235 [.006] P8_16 -.821088E-02 .023787 -.345185 [.730] P9_16 -.036325 .024059 -1.50984 [.131] P10_16 .016475 .023525 .700324 [.484] P11_16 -.281779E-02 .024894 -.113190 [.910] P12_16 -.033140 .025190 -1.31559 [.188] P13_16 .020530 .024542 .836516 [.403] P14_16 -.030983 .023733 -1.30552 [.192] P15_16 -.031168 .023779 -1.31072 [.190] P16_16 -.042817 .024194 -1.76970 [.077] P17_16 -.302192E-02 .023928 -.126291 [.900] P18_16 .010492 .033259 .315471 [.752] P19_16 -.012284 .028671 -.428449 [.668] P20_16 .123909E-02 .023910 .051822 [.959] P21_16 .048802 .024372 2.00240 [.045] DI1_16 .161794 .022645 7.14468 [.000] DF1_16 .034199 .011425 2.99324 [.003] S1_16 -.183072 .070338 -2.60273 [.009] S2_16 .197351 .053167 3.71192 [.000] B_16 .054094 .025203 2.14635 [.032] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B16 Dependent variable: LPSE YMEAN 5.11995 S2 .465163 ARSQ .515022 SDEV .979358 S .682029 LMHET .119765 [.729] SSR 375.852 RSQ .531265 DW 1.98172 [<.867] INVESTOR #17 ====================== EQUATIONS: EQ_B17 NOB 837 SBIC 951.219 LOGL -853.636 Standard Parameter Estimate Error t-statistic P-value C_17 3.24241 .385212 8.41722 [.000] A2_17 .290546 .052930 5.48921 [.000] P0_17 -.110364 .041284 -2.67328 [.008] P1_17 -.014655 .024812 -.590662 [.555] P2_17 .256850E-02 .024318 .105622 [.916] P3_17 -.014384 .024301 -.591908 [.554] P4_17 -.091601 .027956 -3.27657 [.001] P5_17 -.014249 .030373 -.469132 [.639] P6_17 .749139E-02 .032686 .229195 [.819] P7_17 -.066106 .024525 -2.69544 [.007] P8_17 -.690470E-02 .023804 -.290060 [.772] P9_17 -.031128 .024079 -1.29277 [.196] P10_17 .017676 .023561 .750218 [.453] P11_17 .140720E-02 .024823 .056689 [.955] P12_17 -.032177 .025246 -1.27456 [.202] P13_17 .023118 .024563 .941150 [.347] P14_17 -.028363 .023749 -1.19427 [.232] P15_17 -.030705 .023807 -1.28974 [.197] P16_17 -.042522 .024225 -1.75528 [.079] P17_17 -.562721E-02 .023911 -.235335 [.814] P18_17 .017259 .032984 .523237 [.601] P19_17 -.619813E-02 .028395 -.218280 [.827] P20_17 -.129187E-02 .023895 -.054065 [.957] P21_17 .039317 .024017 1.63706 [.102] DI1_17 .161111 .022687 7.10150 [.000] DF1_17 .031702 .011646 2.72206 [.006] S1_17 -.188182 .070550 -2.66736 [.008] S2_17 .205976 .053211 3.87092 [.000] B_17 .076585 .047730 1.60453 [.109] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B17 Dependent variable: LPSE YMEAN 5.11995 S2 .466329 ARSQ .513806 SDEV .979358 S .682883 LMHET .046058 [.830] SSR 376.794 RSQ .530090 DW 1.98546 [<.878] INVESTOR #18 ====================== EQUATIONS: EQ_B18 NOB 837 SBIC 950.716 LOGL -853.134 Standard Parameter Estimate Error t-statistic P-value C_18 3.24037 .384753 8.42195 [.000] A2_18 .275911 .052211 5.28454 [.000] P0_18 -.110421 .041259 -2.67630 [.007] P1_18 -.014285 .024798 -.576078 [.565] P2_18 .626594E-02 .024244 .258454 [.796] P3_18 -.013914 .024291 -.572805 [.567] P4_18 -.091965 .027929 -3.29280 [.001] P5_18 .238938E-02 .031070 .076903 [.939] P6_18 .011693 .032666 .357972 [.720] P7_18 -.067997 .024493 -2.77613 [.006] P8_18 -.642292E-02 .023789 -.270000 [.787] P9_18 -.033331 .024030 -1.38705 [.165] P10_18 .017598 .023544 .747431 [.455] P11_18 .228826E-02 .024805 .092251 [.926] P12_18 -.034348 .025203 -1.36285 [.173] P13_18 .019840 .024580 .807150 [.420] P14_18 -.029616 .023733 -1.24790 [.212] P15_18 -.030598 .023791 -1.28609 [.198] P16_18 -.041710 .024203 -1.72332 [.085] P17_18 -.105553E-02 .024059 -.043872 [.965] P18_18 .011239 .033498 .335526 [.737] P19_18 -.011117 .028722 -.387056 [.699] P20_18 .414131E-03 .023913 .017319 [.986] P21_18 .046751 .024306 1.92343 [.054] DI1_18 .161527 .022663 7.12723 [.000] DF1_18 .034986 .011422 3.06290 [.002] S1_18 -.183958 .070393 -2.61330 [.009] S2_18 .202825 .053142 3.81670 [.000] B_18 .034829 .018491 1.88356 [.060] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B18 Dependent variable: LPSE YMEAN 5.11995 S2 .465770 ARSQ .514389 SDEV .979358 S .682473 LMHET .115726 [.734] SSR 376.342 RSQ .530654 DW 1.97349 [<.840] INVESTOR #19 ====================== EQUATIONS: EQ_B19 NOB 837 SBIC 950.791 LOGL -853.208 Standard Parameter Estimate Error t-statistic P-value C_19 3.21341 .384388 8.35981 [.000] A2_19 .277419 .052214 5.31313 [.000] P0_19 -.109431 .041270 -2.65157 [.008] P1_19 -.014670 .024799 -.591553 [.554] P2_19 .699290E-02 .024257 .288283 [.773] P3_19 -.014780 .024282 -.608686 [.543] P4_19 -.093203 .027923 -3.33787 [.001] P5_19 -.749099E-03 .030761 -.024353 [.981] P6_19 .010879 .032656 .333144 [.739] P7_19 -.068744 .024503 -2.80558 [.005] P8_19 -.751752E-02 .023797 -.315896 [.752] P9_19 -.032943 .024033 -1.37076 [.170] P10_19 .016447 .023543 .698579 [.485] P11_19 .136110E-02 .024810 .054861 [.956] P12_19 -.037114 .025259 -1.46935 [.142] P13_19 .019113 .024608 .776687 [.437] P14_19 -.030634 .023749 -1.28991 [.197] P15_19 -.030230 .023792 -1.27058 [.204] P16_19 -.041726 .024205 -1.72385 [.085] P17_19 -.159072E-02 .024035 -.066183 [.947] P18_19 .012688 .033340 .380577 [.704] P19_19 -.014161 .029133 -.486085 [.627] P20_19 .672813E-03 .023925 .028122 [.978] P21_19 .046259 .024279 1.90529 [.057] DI1_19 .161250 .022669 7.11308 [.000] DF1_19 .034897 .011424 3.05468 [.002] S1_19 -.179203 .070396 -2.54564 [.011] S2_19 .199362 .053178 3.74894 [.000] B_19 .029457 .015966 1.84500 [.065] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B19 Dependent variable: LPSE YMEAN 5.11995 S2 .465853 ARSQ .514303 SDEV .979358 S .682534 LMHET .119089 [.730] SSR 376.409 RSQ .530571 DW 1.97823 [<.856] INVESTOR #20 ====================== EQUATIONS: EQ_B20 NOB 837 SBIC 948.912 LOGL -851.330 Standard Parameter Estimate Error t-statistic P-value C_20 3.28113 .384532 8.53277 [.000] A2_20 .286929 .052233 5.49320 [.000] P0_20 -.110313 .041169 -2.67949 [.007] P1_20 -.018119 .024778 -.731256 [.465] P2_20 .644614E-02 .024191 .266474 [.790] P3_20 -.013707 .024234 -.565620 [.572] P4_20 -.093071 .027860 -3.34061 [.001] P5_20 -.243492E-02 .030373 -.080167 [.936] P6_20 .010259 .032575 .314935 [.753] P7_20 -.068715 .024443 -2.81120 [.005] P8_20 -.780818E-02 .023743 -.328867 [.742] P9_20 -.033640 .023979 -1.40288 [.161] P10_20 .015810 .023492 .672969 [.501] P11_20 .210604E-03 .024761 .850529E-02 [.993] P12_20 -.037820 .025188 -1.50151 [.133] P13_20 .017601 .024556 .716760 [.474] P14_20 -.030735 .023688 -1.29748 [.194] P15_20 -.030662 .023740 -1.29157 [.197] P16_20 -.041975 .024151 -1.73800 [.082] P17_20 .228502E-03 .023971 .953260E-02 [.992] P18_20 .615991E-03 .033807 .018221 [.985] P19_20 -.011166 .028373 -.393540 [.694] P20_20 -.573143E-04 .023836 -.240454E-02 [.998] P21_20 .046019 .024074 1.91153 [.056] DI1_20 .160526 .022621 7.09634 [.000] DF1_20 .032184 .011457 2.80914 [.005] S1_20 -.184384 .070237 -2.62515 [.009] S2_20 .199676 .053040 3.76464 [.000] B_20 .076607 .028843 2.65601 [.008] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B20 Dependent variable: LPSE YMEAN 5.11995 S2 .463766 ARSQ .516478 SDEV .979358 S .681004 LMHET .160479 [.689] SSR 374.723 RSQ .532673 DW 1.98214 [<.868] INVESTOR #21 ====================== EQUATIONS: EQ_B21 NOB 837 SBIC 952.088 LOGL -854.506 Standard Parameter Estimate Error t-statistic P-value C_21 3.25485 .388332 8.38161 [.000] A2_21 .275066 .052329 5.25648 [.000] P0_21 -.112269 .041346 -2.71535 [.007] P1_21 -.014115 .024844 -.568164 [.570] P2_21 .680211E-02 .024325 .279635 [.780] P3_21 -.014816 .024327 -.609039 [.542] P4_21 -.092491 .027978 -3.30584 [.001] P5_21 -.010841 .030326 -.357491 [.721] P6_21 .010509 .032717 .321214 [.748] P7_21 -.066605 .024555 -2.71242 [.007] P8_21 -.732682E-02 .023845 -.307268 [.759] P9_21 -.038851 .024804 -1.56630 [.117] P10_21 .016993 .023580 .720641 [.471] P11_21 .102567E-02 .024872 .041239 [.967] P12_21 -.033501 .025252 -1.32670 [.185] P13_21 .023138 .024599 .940608 [.347] P14_21 -.028977 .023770 -1.21905 [.223] P15_21 -.030701 .023836 -1.28802 [.198] P16_21 -.042165 .024252 -1.73864 [.082] P17_21 -.610281E-02 .023933 -.254990 [.799] P18_21 .025203 .032446 .776772 [.437] P19_21 -.252762E-02 .028285 -.089363 [.929] P20_21 -.186475E-02 .023915 -.077973 [.938] P21_21 .040626 .024069 1.68789 [.091] DI1_21 .162449 .022695 7.15779 [.000] DF1_21 .034816 .011451 3.04037 [.002] S1_21 -.180550 .070501 -2.56097 [.010] S2_21 .199502 .053341 3.74015 [.000] B_21 .030506 .032299 .944485 [.345] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B21 Dependent variable: LPSE YMEAN 5.11995 S2 .467299 ARSQ .512795 SDEV .979358 S .683593 LMHET .026160 [.872] SSR 377.578 RSQ .529113 DW 1.97189 [<.834] INVESTOR #22 ====================== EQUATIONS: EQ_B22 NOB 837 SBIC 951.450 LOGL -853.867 Standard Parameter Estimate Error t-statistic P-value C_22 3.24329 .385492 8.41336 [.000] A2_22 .288732 .052883 5.45980 [.000] P0_22 -.112199 .041301 -2.71658 [.007] P1_22 -.014293 .024820 -.575858 [.565] P2_22 .650280E-02 .024273 .267907 [.789] P3_22 -.013983 .024320 -.574961 [.565] P4_22 -.092422 .027951 -3.30660 [.001] P5_22 -.013754 .030373 -.452854 [.651] P6_22 .959926E-02 .032672 .293803 [.769] P7_22 -.069514 .024549 -2.83162 [.005] P8_22 -.696277E-02 .023812 -.292408 [.770] P9_22 -.034264 .024062 -1.42396 [.154] P10_22 .016087 .023566 .682650 [.495] P11_22 .454620E-03 .024852 .018293 [.985] P12_22 -.034597 .025227 -1.37140 [.170] P13_22 .021116 .024580 .859085 [.390] P14_22 -.029950 .023760 -1.26053 [.207] P15_22 -.030911 .023817 -1.29788 [.194] P16_22 -.041785 .024225 -1.72488 [.085] P17_22 -.399878E-02 .023969 -.166830 [.868] P18_22 .022742 .032456 .700704 [.483] P19_22 -.012119 .029317 -.413374 [.679] P20_22 .693159E-03 .023973 .028914 [.977] P21_22 .040422 .024031 1.68210 [.093] DI1_22 .160016 .022739 7.03706 [.000] DF1_22 .032940 .011545 2.85310 [.004] S1_22 -.181934 .070443 -2.58274 [.010] S2_22 .202280 .053189 3.80304 [.000] B_22 .054390 .037294 1.45842 [.145] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B22 Dependent variable: LPSE YMEAN 5.11995 S2 .466587 ARSQ .513538 SDEV .979358 S .683072 LMHET .032642 [.857] SSR 377.002 RSQ .529831 DW 1.97745 [<.853] INVESTOR #23 ====================== EQUATIONS: EQ_B23 NOB 837 SBIC 952.540 LOGL -854.957 Standard Parameter Estimate Error t-statistic P-value C_23 3.21110 .386479 8.30860 [.000] A2_23 .278555 .053695 5.18770 [.000] P0_23 -.111309 .041397 -2.68882 [.007] P1_23 -.014575 .024857 -.586354 [.558] P2_23 .532954E-02 .024297 .219353 [.826] P3_23 -.015417 .024338 -.633467 [.526] P4_23 -.093148 .027993 -3.32749 [.001] P5_23 -.012555 .032973 -.380753 [.703] P6_23 .936060E-02 .032719 .286090 [.775] P7_23 -.067628 .024547 -2.75506 [.006] P8_23 -.653161E-02 .023845 -.273918 [.784] P9_23 -.033355 .024111 -1.38338 [.167] P10_23 .016586 .023636 .701711 [.483] P11_23 .194370E-02 .024886 .078104 [.938] P12_23 -.034226 .025279 -1.35392 [.176] P13_23 .022471 .024615 .912883 [.361] P14_23 -.029021 .023783 -1.22026 [.222] P15_23 -.030179 .023842 -1.26576 [.206] P16_23 -.041632 .024264 -1.71578 [.086] P17_23 -.651502E-02 .023964 -.271871 [.786] P18_23 .029949 .032913 .909952 [.363] P19_23 -.124082E-02 .029140 -.042582 [.966] P20_23 -.194265E-02 .023960 -.081078 [.935] P21_23 .039086 .024266 1.61077 [.107] DI1_23 .161991 .022937 7.06251 [.000] DF1_23 .035055 .011582 3.02672 [.002] S1_23 -.181212 .070542 -2.56884 [.010] S2_23 .202693 .053260 3.80575 [.000] B_23 .657234E-02 .047085 .139585 [.889] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B23 Dependent variable: LPSE YMEAN 5.11995 S2 .467804 ARSQ .512269 SDEV .979358 S .683962 LMHET .027068 [.869] SSR 377.986 RSQ .528604 DW 1.97870 [<.857] INVESTOR #24 ====================== EQUATIONS: EQ_B24 NOB 837 SBIC 950.285 LOGL -852.702 Standard Parameter Estimate Error t-statistic P-value C_24 3.27754 .385627 8.49926 [.000] A2_24 .276603 .052182 5.30077 [.000] P0_24 -.109261 .041245 -2.64908 [.008] P1_24 -.016345 .024797 -.659151 [.510] P2_24 .675309E-02 .024236 .278643 [.781] P3_24 -.016359 .024268 -.674114 [.500] P4_24 -.093394 .027906 -3.34673 [.001] P5_24 .491715E-03 .030733 .015999 [.987] P6_24 .962888E-02 .032627 .295120 [.768] P7_24 -.066291 .024488 -2.70711 [.007] P8_24 -.806147E-02 .023788 -.338881 [.735] P9_24 -.036313 .024064 -1.50901 [.131] P10_24 .016342 .023529 .694559 [.487] P11_24 -.278480E-02 .024902 -.111832 [.911] P12_24 -.033119 .025194 -1.31454 [.189] P13_24 .020678 .024544 .842486 [.400] P14_24 -.030963 .023736 -1.30446 [.192] P15_24 -.031087 .023782 -1.30715 [.191] P16_24 -.042804 .024198 -1.76890 [.077] P17_24 -.359897E-02 .023917 -.150477 [.880] P18_24 .011849 .033154 .357388 [.721] P19_24 -.011298 .028612 -.394855 [.693] P20_24 .975909E-03 .023908 .040819 [.967] P21_24 .048172 .024342 1.97900 [.048] DI1_24 .161957 .022648 7.15112 [.000] DF1_24 .034236 .011427 2.99619 [.003] S1_24 -.183497 .070351 -2.60831 [.009] S2_24 .197569 .053172 3.71566 [.000] B_24 .051983 .024824 2.09404 [.036] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B24 Dependent variable: LPSE YMEAN 5.11995 S2 .465290 ARSQ .514890 SDEV .979358 S .682122 LMHET .118614 [.731] SSR 375.954 RSQ .531137 DW 1.98204 [<.868] INVESTOR #25 ====================== EQUATIONS: EQ_B25 NOB 837 SBIC 952.164 LOGL -854.581 Standard Parameter Estimate Error t-statistic P-value C_25 3.22295 .385463 8.36123 [.000] A2_25 .281735 .052601 5.35604 [.000] P0_25 -.110054 .041344 -2.66189 [.008] P1_25 -.014868 .024841 -.598530 [.549] P2_25 .469998E-02 .024295 .193457 [.847] P3_25 -.015975 .024325 -.656755 [.511] P4_25 -.093237 .027969 -3.33361 [.001] P5_25 -.010072 .030339 -.331976 [.740] P6_25 .941449E-02 .032700 .287903 [.773] P7_25 -.067492 .024535 -2.75082 [.006] P8_25 -.722659E-02 .023846 -.303052 [.762] P9_25 -.034547 .024123 -1.43212 [.152] P10_25 .016111 .023594 .682833 [.495] P11_25 .936434E-03 .024884 .037631 [.970] P12_25 -.034390 .025249 -1.36204 [.173] P13_25 .022052 .024589 .896823 [.370] P14_25 -.029292 .023774 -1.23213 [.218] P15_25 -.029141 .023861 -1.22125 [.222] P16_25 -.042197 .024257 -1.73959 [.082] P17_25 -.544438E-02 .023958 -.227243 [.820] P18_25 .017925 .034661 .517158 [.605] P19_25 -.998659E-02 .030370 -.328836 [.742] P20_25 -.130164E-02 .023935 -.054383 [.957] P21_25 .041435 .024144 1.71614 [.086] DI1_25 .161300 .022736 7.09452 [.000] DF1_25 .033964 .011545 2.94182 [.003] S1_25 -.181410 .070502 -2.57313 [.010] S2_25 .200965 .053274 3.77228 [.000] B_25 .040221 .046582 .863434 [.388] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_B25 Dependent variable: LPSE YMEAN 5.11995 S2 .467384 ARSQ .512707 SDEV .979358 S .683655 LMHET .028054 [.867] SSR 377.646 RSQ .529027 DW 1.97756 [<.854]