restricted ========== Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 779 Mean of dep. var. = 5.13458 LM het. test = 3.21479 [.073] Std. dev. of dep. var. = .989545 Durbin-Watson = 1.81999 [<.009] Sum of squared residuals = 382.451 Jarque-Bera test = 31.4506 [.000] Variance of residuals = .493485 Ramsey's RESET2 = 36.0274 [.000] Std. error of regression = .702485 F (zero slopes) = 256.250 [.000] R-squared = .509412 Schwarz B.I.C. = 841.575 Adjusted R-squared = .507513 Log likelihood = -828.259 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .252278 .048376 5.21497 ** [.000] LPRICE3 .439677 .045046 9.76057 ** [.000] LSUPPLY2 .120611 .036571 3.29797 ** [.001] LSUPPLY3 .159746 .037191 4.29534 ** [.000] unrestricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 779 Mean of dep. var. = 5.13458 LM het. test = .321634 [.571] Std. dev. of dep. var. = .989545 Durbin-Watson = 1.91523 [<.573] Sum of squared residuals = 332.670 Jarque-Bera test = 40.0909 [.000] Variance of residuals = .442969 Ramsey's RESET2 = .322067E-03 [.986] Std. error of regression = .665559 F (zero slopes) = 35.8815 [.000] R-squared = .563321 Schwarz B.I.C. = 867.155 Adjusted R-squared = .547622 Log likelihood = -773.943 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .203120 .048121 4.22103 ** [.000] LPRICE3 .492223 .048712 10.1048 ** [.000] LSUPPLY2 .138781 .061347 2.26223 * [.024] LSUPPLY3 .194108 .036836 5.26954 ** [.000] C 2.26881 .356224 6.36906 ** [.000] LSUPPLY1 -.154297 .066251 -2.32900 * [.020] LTNS -.091716 .042007 -2.18335 * [.029] FOWNER1 -.026507 .024481 -1.08275 [.279] FOWNER2 .455485E-02 .024906 .182884 [.855] FOWNER3 -.020783 .024559 -.846247 [.398] FOWNER4 -.063567 .029406 -2.16175 * [.031] FOWNER5 -.510389E-02 .030215 -.168921 [.866] FDUMMY1 -.048267 .034257 -1.40899 [.159] FDUMMY2 -.076744 .024761 -3.09935 ** [.002] FDUMMY3 -.808333E-02 .024053 -.336060 [.737] FDUMMY4 -.035483 .024910 -1.42448 [.155] FDUMMY5 .016285 .023987 .678891 [.497] FDUMMY6 .592114E-02 .028307 .209179 [.834] FDUMMY7 -.043703 .025783 -1.69502 [.090] FDUMMY8 .011693 .024835 .470818 [.638] FDUMMY9 -.031525 .024002 -1.31341 [.189] FDUMMY10 -.029012 .023880 -1.21490 [.225] FDUMMY11 -.037740 .024892 -1.51618 [.130] FDUMMY12 -.027111 .024390 -1.11154 [.267] FSTAT1 .024704 .032453 .761243 [.447] FSTAT2 -.021877 .028240 -.774667 [.439] FSTAT3 .010082 .023457 .429819 [.667] FSTAT4 .060383 .027367 2.20642 * [.028] F(24,751) Test Statistic: 4.682573, Upper tail area: .00000