restricted ========== Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 720 Mean of dep. var. = 5.12628 LM het. test = 1.60851 [.205] Std. dev. of dep. var. = .988418 Durbin-Watson = 1.87186 [<.070] Sum of squared residuals = 342.270 Jarque-Bera test = 27.4565 [.000] Variance of residuals = .479370 Ramsey's RESET2 = 21.6990 [.000] Std. error of regression = .692365 F (zero slopes) = 150.269 [.000] R-squared = .518738 Schwarz B.I.C. = 773.659 Adjusted R-squared = .515368 Log likelihood = -753.921 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .262663 .049941 5.25947 ** [.000] LPRICE3 .154463 .088045 1.75437 [.080] LPRICE4 .339627 .087138 3.89756 ** [.000] LSUPPLY2 .095936 .037700 2.54470 * [.011] LSUPPLY3 .067575 .052862 1.27834 [.202] LSUPPLY4 .091829 .036019 2.54948 * [.011] unrestricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 720 Mean of dep. var. = 5.12628 LM het. test = .082238 [.774] Std. dev. of dep. var. = .988418 Durbin-Watson = 1.98791 [<.912] Sum of squared residuals = 297.809 Jarque-Bera test = 40.3573 [.000] Variance of residuals = .431607 Ramsey's RESET2 = .044091 [.834] Std. error of regression = .656968 F (zero slopes) = 32.3276 [.000] R-squared = .576037 Schwarz B.I.C. = 802.517 Adjusted R-squared = .558218 Log likelihood = -703.828 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .192568 .050035 3.84870 ** [.000] LPRICE3 .340497 .090929 3.74466 ** [.000] LPRICE4 .239149 .100338 2.38344 * [.017] LSUPPLY2 .163447 .064434 2.53667 * [.011] LSUPPLY3 .090837 .051918 1.74964 [.081] LSUPPLY4 .104430 .036577 2.85504 ** [.004] C 2.12683 .422521 5.03367 ** [.000] LSUPPLY1 -.181365 .068480 -2.64843 ** [.008] LTNS -.100874 .044129 -2.28592 * [.023] FOWNER1 -.023964 .024466 -.979481 [.328] FOWNER2 .029913 .027167 1.10108 [.271] FOWNER3 -.017831 .025045 -.711940 [.477] FOWNER4 -.058309 .030147 -1.93417 [.054] FOWNER5 -.436881E-02 .036060 -.121153 [.904] FDUMMY1 -.082476 .035300 -2.33644 * [.020] FDUMMY2 -.094628 .025475 -3.71451 ** [.000] FDUMMY3 -.867136E-02 .024532 -.353473 [.724] FDUMMY4 -.028461 .025542 -1.11427 [.266] FDUMMY5 .021306 .025398 .838887 [.402] FDUMMY6 -.020017 .029294 -.683303 [.495] FDUMMY7 -.033298 .027082 -1.22953 [.219] FDUMMY8 .016266 .025083 .648484 [.517] FDUMMY9 -.022480 .024789 -.906874 [.365] FDUMMY10 -.022297 .024187 -.921850 [.357] FDUMMY11 -.033095 .025710 -1.28725 [.198] FDUMMY12 -.041613 .025297 -1.64499 [.100] FSTAT1 .027447 .034600 .793286 [.428] FSTAT2 .030878 .056530 .546228 [.585] FSTAT3 .012304 .023698 .519220 [.604] FSTAT4 .073542 .028018 2.62483 ** [.009] F(24,690) Test Statistic: 4.292172, Upper tail area: .00000