INVESTOR #1 ===================== EQUATIONS: EQ_BB1 NOB 610 SBIC 1292.22 LOGL -1151.12 Standard Parameter Estimate Error t-statistic P-value C_1 -3.94024 1.50681 -2.61496 [.009] A6_1 .101121 .245458 .411970 [.680] A5_1 .216958 .332409 .652683 [.514] A4_1 -.319452 .526040 -.607277 [.544] A3_1 -.786376 .494231 -1.59111 [.112] A2_1 .573709 .352182 1.62901 [.103] P0_1 .161686 .124976 1.29374 [.196] P1_1 -.049479 .066936 -.739201 [.460] P2_1 -.092656 .078156 -1.18553 [.236] P3_1 -.069499 .070411 -.987058 [.324] P4_1 -.156275 .083451 -1.87265 [.061] P5_1 -.201820 .095099 -2.12221 [.034] P6_1 -.026009 .101025 -.257455 [.797] P7_1 -.059804 .071083 -.841322 [.400] P8_1 .070168 .068567 1.02336 [.306] P9_1 .072865 .070306 1.03640 [.300] P10_1 .054963 .070906 .775152 [.438] P11_1 -.024652 .081740 -.301595 [.763] P12_1 -.914525E-02 .079824 -.114568 [.909] P13_1 -.085481 .068521 -1.24752 [.212] P14_1 -.057608 .069952 -.823531 [.410] P15_1 -.042882 .067481 -.635473 [.525] P16_1 -.567342E-03 .076166 -.744879E-02 [.994] P17_1 .052493 .071503 .734146 [.463] P18_1 .076221 .091543 .832625 [.405] P19_1 -.132220 .165652 -.798182 [.425] P20_1 -.038880 .060707 -.640458 [.522] P21_1 -.047928 .072717 -.659099 [.510] DI1_1 .092995 .093247 .997306 [.319] DF1_1 .542122E-02 .038348 .141368 [.888] DI2_1 .176805 .156070 1.13286 [.257] DF2_1 .018546 .020261 .915364 [.360] DI3_1 -.010174 .180751 -.056286 [.955] DF3_1 -.227392E-03 .018681 -.012172 [.990] DI4_1 .136147 .189965 .716697 [.474] DF4_1 .557117E-02 .016600 .335614 [.737] DI5_1 -.111762 .169358 -.659919 [.509] DF5_1 -.010829 .018187 -.595433 [.552] S1_1 .083233 .199741 .416703 [.677] S2_1 .030602 .182416 .167757 [.867] S3_1 -.196345 .154984 -1.26687 [.205] S4_1 -.214049 .143570 -1.49091 [.136] S5_1 .122854 .136933 .897189 [.370] S6_1 .106270 .097880 1.08572 [.278] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB1 Dependent variable: B6_1 YMEAN .163934 S2 2.74877 ARSQ .033714 SDEV 1.68662 S 1.65794 LMHET 156.652 [.000] SSR 1555.80 RSQ .101941 DW 2.05138 [<.999] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.00000 E2 4.39592D-10 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_1 E1 1.00000 B1_1 0.030746 1.0000 INVESTOR #2 ===================== EQUATIONS: EQ_BB2 NOB 610 SBIC 1260.83 LOGL -1119.74 Standard Parameter Estimate Error t-statistic P-value C_2 -5.45738 1.43125 -3.81302 [.000] A6_2 .088544 .233149 .379774 [.704] A5_2 .315388 .315741 .998884 [.318] A4_2 .206371 .499661 .413022 [.680] A3_2 -.739465 .469448 -1.57518 [.115] A2_2 .546140 .334522 1.63260 [.103] P0_2 .167152 .118709 1.40808 [.159] P1_2 -.092945 .063579 -1.46188 [.144] P2_2 -.228640 .074237 -3.07989 [.002] P3_2 -.092184 .066880 -1.37835 [.168] P4_2 -.063458 .079267 -.800568 [.423] P5_2 -.254759 .090330 -2.82032 [.005] P6_2 -.077823 .095959 -.811003 [.417] P7_2 -.106686 .067519 -1.58009 [.114] P8_2 .017653 .065128 .271042 [.786] P9_2 .056109 .066781 .840192 [.401] P10_2 -.042684 .067351 -.633766 [.526] P11_2 -.178708 .077641 -2.30172 [.021] P12_2 .049140 .075821 .648105 [.517] P13_2 -.064499 .065085 -.990990 [.322] P14_2 -.023360 .066445 -.351571 [.725] P15_2 .018493 .064097 .288512 [.773] P16_2 -.047092 .072346 -.650925 [.515] P17_2 -.446703E-02 .067917 -.065772 [.948] P18_2 .092610 .086953 1.06506 [.287] P19_2 -.304468 .157345 -1.93504 [.053] P20_2 -.481107E-02 .057662 -.083435 [.934] P21_2 -.070822 .069071 -1.02536 [.305] DI1_2 .016333 .088571 .184408 [.854] DF1_2 -.036854 .036425 -1.01177 [.312] DI2_2 .184958 .148244 1.24767 [.212] DF2_2 .019054 .019245 .990069 [.322] DI3_2 -.346060 .171687 -2.01565 [.044] DF3_2 -.267984E-02 .017744 -.151024 [.880] DI4_2 -.080600 .180439 -.446687 [.655] DF4_2 .011401 .015768 .723094 [.470] DI5_2 .271810 .160865 1.68967 [.091] DF5_2 -.646904E-02 .017275 -.374465 [.708] S1_2 -.228582E-02 .189725 -.012048 [.990] S2_2 .121603 .173269 .701816 [.483] S3_2 .036536 .147213 .248182 [.804] S4_2 .083589 .136370 .612952 [.540] S5_2 -.134873 .130066 -1.03696 [.300] S6_2 .116045 .092972 1.24817 [.212] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB2 Dependent variable: B6_2 YMEAN .163934 S2 2.48001 ARSQ .125383 SDEV 1.68391 S 1.57480 LMHET 108.979 [.000] SSR 1403.69 RSQ .187137 DW 2.07301 [<1.00] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.00000 E2 -1.05884D-09 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_2 E1 1.00000 B1_2 0.053912 1.00000 INVESTOR #3 ===================== EQUATIONS: EQ_BB3 NOB 610 SBIC 1655.01 LOGL -1513.92 Standard Parameter Estimate Error t-statistic P-value C_3 -8.92526 2.73120 -3.26789 [.001] A6_3 .490654 .444910 1.10282 [.270] A5_3 -.584363 .602517 -.969871 [.332] A4_3 .882669 .953487 .925728 [.355] A3_3 -1.34753 .895831 -1.50423 [.133] A2_3 .367445 .638356 .575611 [.565] P0_3 -.281292 .226529 -1.24175 [.214] P1_3 -.045032 .121326 -.371165 [.711] P2_3 -.096359 .141663 -.680199 [.496] P3_3 -.035568 .127625 -.278692 [.780] P4_3 .156851 .151262 1.03695 [.300] P5_3 -.044810 .172373 -.259959 [.795] P6_3 .378592 .183116 2.06750 [.039] P7_3 -.144950 .128844 -1.12501 [.261] P8_3 .139904 .124282 1.12570 [.260] P9_3 -.029788 .127436 -.233752 [.815] P10_3 .035181 .128523 .273732 [.784] P11_3 .065149 .148159 .439725 [.660] P12_3 -.037915 .144686 -.262047 [.793] P13_3 -.147840 .124199 -1.19034 [.234] P14_3 -.141609 .126794 -1.11684 [.264] P15_3 .107501 .122315 .878888 [.379] P16_3 .110480E-02 .138056 .800252E-02 [.994] P17_3 .040187 .129604 .310074 [.757] P18_3 -.158998 .165929 -.958225 [.338] P19_3 -.828514 .300256 -2.75936 [.006] P20_3 -.051897 .110035 -.471638 [.637] P21_3 .013389 .131805 .101585 [.919] DI1_3 .111569 .169017 .660106 [.509] DF1_3 .059091 .069509 .850120 [.395] DI2_3 .287576 .282888 1.01657 [.309] DF2_3 .014247 .036725 .387941 [.698] DI3_3 -.262354 .327624 -.800778 [.423] DF3_3 -.031825 .033861 -.939881 [.347] DI4_3 .392031 .344325 1.13855 [.255] DF4_3 -.170603E-02 .030089 -.056700 [.955] DI5_3 -.119462E-02 .306974 -.389159E-02 [.997] DF5_3 -.026809 .032966 -.813228 [.416] S1_3 .721288 .362045 1.99226 [.046] S2_3 -.156070 .330643 -.472020 [.637] S3_3 -.042272 .280921 -.150477 [.880] S4_3 -.103670 .260231 -.398378 [.690] S5_3 -.081249 .248201 -.327353 [.743] S6_3 .229868 .177415 1.29565 [.195] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB3 Dependent variable: B6_3 YMEAN .163934 S2 9.03089 ARSQ .710348E-02 SDEV 3.01588 S 3.00514 LMHET 317.536 [.000] SSR 5111.49 RSQ .077209 DW 2.07395 [<1.00] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.0000 E2 7.23357D-10 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_3 E1 1.0000 B1_3 0.042999 1.00000 INVESTOR #4 ===================== EQUATIONS: EQ_BB4 NOB 610 SBIC 1312.44 LOGL -1171.34 Standard Parameter Estimate Error t-statistic P-value C_4 -3.62149 1.55759 -2.32506 [.020] A6_4 .323298 .253730 1.27418 [.203] A5_4 .394958 .343612 1.14943 [.250] A4_4 -.255564 .543768 -.469988 [.638] A3_4 .097331 .510887 .190513 [.849] A2_4 -.038145 .364051 -.104779 [.917] P0_4 .202634 .129188 1.56852 [.117] P1_4 -.055746 .069191 -.805683 [.420] P2_4 -.022425 .080790 -.277568 [.781] P3_4 .021959 .072784 .301706 [.763] P4_4 -.068278 .086264 -.791506 [.429] P5_4 -.132653 .098304 -1.34943 [.177] P6_4 -.059814 .104430 -.572771 [.567] P7_4 -.102330 .073479 -1.39265 [.164] P8_4 .013702 .070877 .193322 [.847] P9_4 .037176 .072676 .511528 [.609] P10_4 -.079529 .073296 -1.08504 [.278] P11_4 -.065171 .084494 -.771306 [.441] P12_4 -.055965 .082514 -.678255 [.498] P13_4 -.104094 .070830 -1.46963 [.142] P14_4 -.059589 .072310 -.824072 [.410] P15_4 .092317 .069755 1.32345 [.186] P16_4 .017847 .078733 .226676 [.821] P17_4 .011555 .073912 .156339 [.876] P18_4 .025708 .094629 .271670 [.786] P19_4 -.120387 .171234 -.703052 [.482] P20_4 .011148 .062752 .177643 [.859] P21_4 -.013940 .075168 -.185458 [.853] DI1_4 .032938 .096389 .341715 [.733] DF1_4 .726112E-02 .039641 .183173 [.855] DI2_4 -.076836 .161330 -.476264 [.634] DF2_4 -.012191 .020944 -.582088 [.561] DI3_4 -.114559 .186842 -.613132 [.540] DF3_4 .633207E-02 .019311 .327904 [.743] DI4_4 -.384862 .196367 -1.95991 [.050] DF4_4 .438417E-02 .017159 .255497 [.798] DI5_4 .229838 .175065 1.31287 [.189] DF5_4 -.333290E-02 .018800 -.177278 [.859] S1_4 -.132155 .206472 -.640065 [.522] S2_4 .175374 .188564 .930053 [.352] S3_4 .111435 .160207 .695569 [.487] S4_4 .152030 .148408 1.02441 [.306] S5_4 .025293 .141547 .178691 [.858] S6_4 .079835 .101179 .789049 [.430] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB4 Dependent variable: B6_4 YMEAN .163934 S2 2.93717 ARSQ .056206 SDEV 1.76411 S 1.71382 LMHET 193.383 [.000] SSR 1662.44 RSQ .122845 DW 2.04718 [<.999] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.00000 E2 8.99591D-10 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_4 E1 1.00000 B1_4 0.038875 1.00000 INVESTOR #5 ===================== EQUATIONS: EQ_BB5 NOB 610 SBIC 1080.54 LOGL -939.446 Standard Parameter Estimate Error t-statistic P-value C_5 -2.90213 1.06501 -2.72498 [.006] A6_5 .190451 .173489 1.09777 [.272] A5_5 .043209 .234947 .183910 [.854] A4_5 -.069064 .371805 -.185753 [.853] A3_5 .065736 .349322 .188182 [.851] A2_5 .215152 .248922 .864335 [.387] P0_5 -.076887 .088333 -.870417 [.384] P1_5 -.019248 .047310 -.406847 [.684] P2_5 -.057729 .055240 -1.04505 [.296] P3_5 .063661 .049766 1.27921 [.201] P4_5 .074126 .058983 1.25672 [.209] P5_5 -.310349 .067216 -4.61721 [.000] P6_5 -.305861E-02 .071405 -.042835 [.966] P7_5 -.091059 .050242 -1.81243 [.070] P8_5 .012011 .048463 .247833 [.804] P9_5 .102357 .049693 2.05982 [.039] P10_5 -.027629 .050116 -.551303 [.581] P11_5 -.600492E-02 .057774 -.103939 [.917] P12_5 -.032651 .056419 -.578720 [.563] P13_5 .012589 .048431 .259936 [.795] P14_5 .014193 .049442 .287055 [.774] P15_5 .053709 .047696 1.12608 [.260] P16_5 .015268 .053834 .283608 [.777] P17_5 .023454 .050538 .464077 [.643] P18_5 .286168 .064703 4.42280 [.000] P19_5 .378929 .117082 3.23643 [.001] P20_5 -.680753E-02 .042907 -.158657 [.874] P21_5 -.160058 .051396 -3.11420 [.002] DI1_5 -.374116E-02 .065907 -.056765 [.955] DF1_5 -.035807 .027105 -1.32107 [.186] DI2_5 .560807E-04 .110310 .508392E-03 [1.00] DF2_5 .320517E-02 .014321 .223816 [.823] DI3_5 -.097350 .127754 -.762011 [.446] DF3_5 .141663E-02 .013204 .107289 [.915] DI4_5 -.025285 .134267 -.188317 [.851] DF4_5 .015379 .011733 1.31073 [.190] DI5_5 .139081 .119702 1.16189 [.245] DF5_5 -.467538E-02 .012855 -.363705 [.716] S1_5 .041299 .141177 .292532 [.770] S2_5 .289497 .128932 2.24535 [.025] S3_5 -.061093 .109543 -.557709 [.577] S4_5 -.054841 .101475 -.540435 [.589] S5_5 -.036263 .096784 -.374684 [.708] S6_5 .099386 .069182 1.43659 [.151] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB5 Dependent variable: B6_5 YMEAN .163934 S2 1.37319 ARSQ .181979 SDEV 1.29564 S 1.17183 LMHET 264.967 [.000] SSR 777.226 RSQ .239738 DW 2.07402 [<1.00] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.00000 E2 -4.18622D-10 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_5 E1 1.00000 B1_5 0.059613 1.0000 INVESTOR #6 ===================== EQUATIONS: EQ_BB6 NOB 610 SBIC 949.573 LOGL -808.477 Standard Parameter Estimate Error t-statistic P-value C_6 -3.69507 .859231 -4.30044 [.000] A6_6 .115708 .139968 .826677 [.408] A5_6 .121851 .189551 .642842 [.520] A4_6 .277304 .299965 .924455 [.355] A3_6 -.288154 .281827 -1.02245 [.307] A2_6 .130377 .200825 .649203 [.516] P0_6 .125014 .071266 1.75420 [.079] P1_6 -.040508 .038169 -1.06129 [.289] P2_6 -.083559 .044567 -1.87492 [.061] P3_6 -.064392 .040150 -1.60376 [.109] P4_6 -.061502 .047587 -1.29243 [.196] P5_6 -.155421 .054228 -2.86604 [.004] P6_6 -.048597 .057608 -.843574 [.399] P7_6 -.054143 .040534 -1.33575 [.182] P8_6 .232371E-02 .039099 .059431 [.953] P9_6 .035308 .040091 .880694 [.378] P10_6 .284110E-02 .040433 .070267 [.944] P11_6 .557673E-02 .046611 .119645 [.905] P12_6 -.761428E-02 .045518 -.167281 [.867] P13_6 .323778E-02 .039073 .082865 [.934] P14_6 .021654 .039889 .542850 [.587] P15_6 -.206681E-02 .038480 -.053711 [.957] P16_6 -.015781 .043432 -.363342 [.716] P17_6 .015105 .040773 .370458 [.711] P18_6 .051889 .052201 .994029 [.320] P19_6 -.172100 .094460 -1.82194 [.068] P20_6 -.024852 .034617 -.717909 [.473] P21_6 -.061031 .041466 -1.47186 [.141] DI1_6 .026028 .053172 .489513 [.624] DF1_6 -.944721E-02 .021867 -.432021 [.666] DI2_6 -.015986 .088996 -.179628 [.857] DF2_6 .700694E-02 .011554 .606475 [.544] DI3_6 -.291090 .103070 -2.82420 [.005] DF3_6 .474980E-02 .010653 .445882 [.656] DI4_6 .107570 .108324 .993034 [.321] DF4_6 .242616E-02 .946582E-02 .256308 [.798] DI5_6 .153824 .096573 1.59282 [.111] DF5_6 .156958E-02 .010371 .151342 [.880] S1_6 -.028241 .113899 -.247946 [.804] S2_6 .115138 .104020 1.10689 [.268] S3_6 .055062 .088377 .623039 [.533] S4_6 .013441 .081868 .164173 [.870] S5_6 -.080806 .078083 -1.03487 [.301] S6_6 .091076 .055814 1.63176 [.103] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB6 Dependent variable: B6_6 YMEAN .163934 S2 .893804 ARSQ .185017 SDEV 1.04724 S .945412 LMHET 74.2617 [.000] SSR 505.893 RSQ .242561 DW 2.11463 [<1.00] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.0000 E2 -1.52374D-09 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_6 E1 1.0000 B1_6 0.019202 1.00000 INVESTOR #7 ===================== EQUATIONS: EQ_BB7 NOB 610 SBIC 1054.59 LOGL -913.491 Standard Parameter Estimate Error t-statistic P-value C_7 -2.86877 1.02065 -2.81074 [.005] A6_7 .174465 .166262 1.04934 [.294] A5_7 -.016282 .225160 -.072312 [.942] A4_7 .079853 .356317 .224107 [.823] A3_7 -.294775 .334771 -.880529 [.379] A2_7 .287047 .238553 1.20329 [.229] P0_7 -.081413 .084654 -.961721 [.336] P1_7 -.031458 .045339 -.693844 [.488] P2_7 -.040277 .052939 -.760809 [.447] P3_7 -.028906 .047693 -.606074 [.544] P4_7 .074893 .056526 1.32492 [.185] P5_7 -.124513 .064416 -1.93296 [.053] P6_7 .141173 .068430 2.06302 [.039] P7_7 -.061611 .048149 -1.27960 [.201] P8_7 .073931 .046444 1.59183 [.111] P9_7 .018104 .047623 .380152 [.704] P10_7 .031660 .048029 .659192 [.510] P11_7 .046571 .055367 .841131 [.400] P12_7 -.031491 .054069 -.582429 [.560] P13_7 .013322 .046413 .287035 [.774] P14_7 -.058616 .047383 -1.23707 [.216] P15_7 .045436 .045709 .994023 [.320] P16_7 -.060406 .051591 -1.17085 [.242] P17_7 .041027 .048433 .847082 [.397] P18_7 .066169 .062008 1.06711 [.286] P19_7 .195716E-02 .112205 .017443 [.986] P20_7 -.024018 .041120 -.584093 [.559] P21_7 -.075244 .049255 -1.52762 [.127] DI1_7 .067812 .063161 1.07364 [.283] DF1_7 -.604324E-02 .025976 -.232651 [.816] DI2_7 .696128E-02 .105715 .065850 [.947] DF2_7 .464216E-02 .013724 .338251 [.735] DI3_7 -.142552 .122433 -1.16433 [.244] DF3_7 .510976E-02 .012654 .403812 [.686] DI4_7 .103457 .128674 .804028 [.421] DF4_7 -.185824E-02 .011244 -.165264 [.869] DI5_7 .070027 .114716 .610439 [.542] DF5_7 -.284168E-02 .012319 -.230667 [.818] S1_7 .054636 .135296 .403823 [.686] S2_7 .183514 .123561 1.48521 [.137] S3_7 -.042785 .104980 -.407559 [.684] S4_7 -.051341 .097248 -.527941 [.598] S5_7 -.058814 .092752 -.634102 [.526] S6_7 .126929 .066300 1.91447 [.056] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB7 Dependent variable: B6_7 YMEAN .163934 S2 1.26117 ARSQ .113546 SDEV 1.19278 S 1.12302 LMHET 143.484 [.000] SSR 713.823 RSQ .176137 DW 2.08459 [<1.00] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.00000 E2 3.30959D-09 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_7 E1 1.00000 B1_7 0.065116 1.00000 INVESTOR #9 ===================== EQUATIONS: EQ_BB9 NOB 610 SBIC 1235.74 LOGL -1094.64 Standard Parameter Estimate Error t-statistic P-value C_9 -3.52644 1.37356 -2.56738 [.010] A6_9 .103195 .223751 .461203 [.645] A5_9 .276130 .303014 .911279 [.362] A4_9 .385237 .479522 .803378 [.422] A3_9 -.900931 .450526 -1.99973 [.046] A2_9 .347335 .321038 1.08191 [.279] P0_9 .290439 .113925 2.54939 [.011] P1_9 -.058541 .061016 -.959433 [.337] P2_9 -.190325 .071244 -2.67144 [.008] P3_9 -.073521 .064184 -1.14547 [.252] P4_9 -.181926 .076072 -2.39150 [.017] P5_9 -.125619 .086689 -1.44908 [.147] P6_9 -.115678 .092091 -1.25612 [.209] P7_9 .043566 .064797 .672349 [.501] P8_9 -.075488 .062503 -1.20775 [.227] P9_9 .028897 .064089 .450891 [.652] P10_9 -.025122 .064636 -.388674 [.698] P11_9 -.135146 .074511 -1.81377 [.070] P12_9 .091730 .072765 1.26064 [.207] P13_9 -.073971 .062462 -1.18427 [.236] P14_9 .036040 .063767 .565189 [.572] P15_9 .012262 .061514 .199344 [.842] P16_9 .790048E-02 .069430 .113790 [.909] P17_9 -.741982E-02 .065180 -.113837 [.909] P18_9 .015198 .083448 .182124 [.855] P19_9 -.169762 .151003 -1.12423 [.261] P20_9 .826825E-02 .055338 .149413 [.881] P21_9 -.046495 .066287 -.701418 [.483] DI1_9 -.068818 .085001 -.809620 [.418] DF1_9 .032069 .034957 .917383 [.359] DI2_9 .230317 .142268 1.61889 [.105] DF2_9 .016006 .018469 .866638 [.386] DI3_9 -.206623 .164767 -1.25403 [.210] DF3_9 -.334897E-02 .017029 -.196661 [.844] DI4_9 -.057620 .173166 -.332744 [.739] DF4_9 .013338 .015132 .881441 [.378] DI5_9 .033743 .154381 .218568 [.827] DF5_9 .625254E-02 .016579 .377134 [.706] S1_9 -.089483 .182077 -.491458 [.623] S2_9 -.036785 .166285 -.221214 [.825] S3_9 -.117930 .141279 -.834731 [.404] S4_9 .144229 .130874 1.10205 [.270] S5_9 -.020741 .124824 -.166161 [.868] S6_9 .128352 .089225 1.43853 [.150] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB9 Dependent variable: B6_9 YMEAN .163934 S2 2.28411 ARSQ .060707 SDEV 1.55940 S 1.51133 LMHET 156.731 [.000] SSR 1292.81 RSQ .127028 DW 2.00469 [<.993] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.0000 E2 1.18626D-09 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_9 E1 1.0000 B1_9 -0.0059231 1.00000 INVESTOR #10 ====================== EQUATIONS: EQ_BB10 NOB 610 SBIC 848.782 LOGL -707.686 Standard Parameter Estimate Error t-statistic P-value C_10 -3.19186 .728368 -4.38221 [.000] A6_10 -.026537 .118651 -.223659 [.823] A5_10 .539707 .160682 3.35886 [.001] A4_10 -.179748 .254280 -.706889 [.480] A3_10 -.362148 .238904 -1.51587 [.130] A2_10 .278229 .170239 1.63434 [.102] P0_10 .237566 .060412 3.93245 [.000] P1_10 -.049359 .032356 -1.52552 [.127] P2_10 -.159354 .037779 -4.21803 [.000] P3_10 -.081848 .034035 -2.40479 [.016] P4_10 -.166262 .040339 -4.12161 [.000] P5_10 -.156781 .045969 -3.41057 [.001] P6_10 -.103866 .048834 -2.12691 [.033] P7_10 -.039578 .034361 -1.15184 [.249] P8_10 -.014394 .033144 -.434281 [.664] P9_10 .076416 .033985 2.24851 [.025] P10_10 -.925206E-02 .034275 -.269936 [.787] P11_10 -.022227 .039512 -.562543 [.574] P12_10 -.022375 .038586 -.579885 [.562] P13_10 -.058279 .033122 -1.75951 [.078] P14_10 .536641E-02 .033814 .158704 [.874] P15_10 .011821 .032619 .362397 [.717] P16_10 -.010627 .036817 -.288644 [.773] P17_10 .891342E-02 .034563 .257887 [.796] P18_10 .085388 .044251 1.92965 [.054] P19_10 -.076429 .080074 -.954486 [.340] P20_10 -.449746E-02 .029345 -.153263 [.878] P21_10 -.054861 .035150 -1.56076 [.119] DI1_10 .274509E-02 .045074 .060902 [.951] DF1_10 -.540204E-02 .018537 -.291419 [.771] DI2_10 .098453 .075442 1.30502 [.192] DF2_10 .012867 .979393E-02 1.31381 [.189] DI3_10 -.233458 .087372 -2.67200 [.008] DF3_10 .136970E-02 .903020E-02 .151680 [.879] DI4_10 -.140544 .091826 -1.53055 [.126] DF4_10 -.545352E-03 .802416E-02 -.067964 [.946] DI5_10 .127803 .081865 1.56114 [.118] DF5_10 .665296E-02 .879154E-02 .756745 [.449] S1_10 -.055154 .096552 -.571241 [.568] S2_10 .059002 .088177 .669134 [.503] S3_10 .021641 .074917 .288862 [.773] S4_10 .090480 .069399 1.30376 [.192] S5_10 .024436 .066191 .369167 [.712] S6_10 .034652 .047314 .732389 [.464] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB10 Dependent variable: B6_10 YMEAN .163934 S2 .642281 ARSQ .310525 SDEV .965169 S .801424 LMHET 238.773 [.000] SSR 363.531 RSQ .359207 DW 2.05883 [<.999] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.0000 E2 -8.81058D-10 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_10 E1 1.0000 B1_10 0.076853 1.00000 INVESTOR #11 ====================== EQUATIONS: EQ_BB11 NOB 610 SBIC 1342.29 LOGL -1201.20 Standard Parameter Estimate Error t-statistic P-value C_11 -5.72112 1.63572 -3.49762 [.000] A6_11 .063003 .266457 .236446 [.813] A5_11 .071574 .360848 .198349 [.843] A4_11 .370176 .571044 .648244 [.517] A3_11 -.297236 .536514 -.554013 [.580] A2_11 .256638 .382312 .671278 [.502] P0_11 .022029 .135668 .162373 [.871] P1_11 -.016693 .072662 -.229730 [.818] P2_11 -.148398 .084842 -1.74910 [.080] P3_11 -.062973 .076435 -.823886 [.410] P4_11 .052122 .090591 .575357 [.565] P5_11 -.192190 .103235 -1.86168 [.063] P6_11 -.041153 .109668 -.375252 [.707] P7_11 -.107120 .077165 -1.38821 [.165] P8_11 -.010103 .074433 -.135738 [.892] P9_11 .016750 .076321 .219467 [.826] P10_11 -.054376 .076972 -.706435 [.480] P11_11 -.114411 .088733 -1.28939 [.197] P12_11 .039809 .086653 .459406 [.646] P13_11 -.013186 .074383 -.177267 [.859] P14_11 .050793 .075937 .668880 [.504] P15_11 .038676 .073254 .527974 [.598] P16_11 -.019141 .082682 -.231496 [.817] P17_11 .648062E-02 .077620 .083492 [.933] P18_11 .055437 .099375 .557859 [.577] P19_11 -.282176 .179824 -1.56918 [.117] P20_11 -.011055 .065900 -.167747 [.867] P21_11 -.076574 .078938 -.970049 [.332] DI1_11 .036652 .101224 .362088 [.717] DF1_11 -.039700 .041629 -.953667 [.340] DI2_11 .013604 .169422 .080299 [.936] DF2_11 .473865E-02 .021995 .215447 [.829] DI3_11 -.306434 .196214 -1.56173 [.118] DF3_11 .317266E-02 .020279 .156447 [.876] DI4_11 .143234 .206217 .694581 [.487] DF4_11 .013616 .018020 .755579 [.450] DI5_11 .302157 .183847 1.64353 [.100] DF5_11 -.606979E-02 .019743 -.307433 [.759] S1_11 .086996 .216829 .401221 [.688] S2_11 .160573 .198022 .810885 [.417] S3_11 .089401 .168244 .531377 [.595] S4_11 -.030604 .155852 -.196367 [.844] S5_11 -.206090 .148648 -1.38643 [.166] S6_11 .113896 .106254 1.07192 [.284] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB11 Dependent variable: B6_11 YMEAN .163934 S2 3.23922 ARSQ .058842 SDEV 1.85519 S 1.79978 LMHET 129.745 [.000] SSR 1833.40 RSQ .125295 DW 2.09373 [<1.00] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.00000 E2 5.39802D-10 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_11 E1 1.00000 B1_11 0.043670 1.00000 INVESTOR #12 ====================== EQUATIONS: EQ_BB12 NOB 610 SBIC 1119.51 LOGL -978.413 Standard Parameter Estimate Error t-statistic P-value C_12 -1.39298 1.13526 -1.22701 [.220] A6_12 .188210 .184934 1.01771 [.309] A5_12 .066433 .250445 .265259 [.791] A4_12 -.387675 .396331 -.978159 [.328] A3_12 .212957 .372365 .571903 [.567] A2_12 -.014960 .265342 -.056379 [.955] P0_12 -.017717 .094160 -.188158 [.851] P1_12 -.017476 .050431 -.346530 [.729] P2_12 -.057560 .058884 -.977503 [.328] P3_12 .040505 .053049 .763543 [.445] P4_12 .019596 .062874 .311676 [.755] P5_12 -.329803 .071650 -4.60300 [.000] P6_12 -.066272 .076115 -.870683 [.384] P7_12 -.042074 .053556 -.785611 [.432] P8_12 .028417 .051660 .550085 [.582] P9_12 .086926 .052971 1.64103 [.101] P10_12 -.688623E-02 .053422 -.128902 [.897] P11_12 .129387 .061585 2.10096 [.036] P12_12 -.057590 .060141 -.957587 [.338] P13_12 .499025E-02 .051625 .096663 [.923] P14_12 .137958 .052704 2.61760 [.009] P15_12 -.481630E-02 .050842 -.094731 [.925] P16_12 .037829 .057385 .659207 [.510] P17_12 .042403 .053872 .787103 [.431] P18_12 .356236 .068971 5.16501 [.000] P19_12 .713870 .124806 5.71984 [.000] P20_12 -.023585 .045738 -.515659 [.606] P21_12 -.199950 .054787 -3.64962 [.000] DI1_12 .413029E-02 .070254 .058791 [.953] DF1_12 -.011026 .028893 -.381622 [.703] DI2_12 .020996 .117587 .178555 [.858] DF2_12 .205848E-02 .015265 .134848 [.893] DI3_12 -.093893 .136182 -.689471 [.491] DF3_12 .947641E-02 .014075 .673287 [.501] DI4_12 -.051621 .143124 -.360673 [.718] DF4_12 .886926E-02 .012507 .709156 [.478] DI5_12 .191674 .127598 1.50217 [.133] DF5_12 -.655709E-03 .013703 -.047852 [.962] S1_12 .106135 .150489 .705269 [.481] S2_12 .102459 .137437 .745501 [.456] S3_12 -.061296 .116769 -.524933 [.600] S4_12 -.115163 .108169 -1.06466 [.287] S5_12 -.022597 .103168 -.219033 [.827] S6_12 .085054 .073745 1.15335 [.249] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB12 Dependent variable: B6_12 YMEAN .163934 S2 1.56033 ARSQ .210247 SDEV 1.40560 S 1.24913 LMHET 332.998 [.000] SSR 883.149 RSQ .266010 DW 1.91198 [<.908] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.00000 E2 -1.80253D-09 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_12 E1 1.00000 B1_12 0.037262 1.0000 INVESTOR #13 ====================== EQUATIONS: EQ_BB13 NOB 610 SBIC 1108.21 LOGL -967.114 Standard Parameter Estimate Error t-statistic P-value C_13 -3.42247 1.11443 -3.07105 [.002] A6_13 .297275 .181539 1.63752 [.102] A5_13 -.104807 .245849 -.426308 [.670] A4_13 .341973 .389057 .878980 [.379] A3_13 -.510660 .365531 -1.39704 [.162] A2_13 .292518 .260472 1.12303 [.261] P0_13 .057185 .092432 .618669 [.536] P1_13 -.019006 .049505 -.383925 [.701] P2_13 -.139422 .057804 -2.41199 [.016] P3_13 -.081512 .052075 -1.56526 [.118] P4_13 -.033230 .061720 -.538390 [.590] P5_13 -.300006 .070335 -4.26541 [.000] P6_13 -.028622 .074718 -.383069 [.702] P7_13 -.093309 .052573 -1.77486 [.076] P8_13 .025744 .050712 .507652 [.612] P9_13 .097865 .051998 1.88207 [.060] P10_13 -.377087E-02 .052442 -.071906 [.943] P11_13 -.035699 .060454 -.590519 [.555] P12_13 .258292E-02 .059037 .043751 [.965] P13_13 -.046919 .050678 -.925821 [.355] P14_13 -.161427E-04 .051737 -.312017E-03 [1.00] P15_13 .035022 .049909 .701717 [.483] P16_13 -.990484E-02 .056332 -.175830 [.860] P17_13 .024271 .052883 .458954 [.646] P18_13 .230656 .067705 3.40677 [.001] P19_13 .188555 .122515 1.53903 [.124] P20_13 -.013463 .044898 -.299850 [.764] P21_13 -.125285 .053781 -2.32952 [.020] DI1_13 .055287 .068965 .801671 [.423] DF1_13 -.017919 .028362 -.631781 [.528] DI2_13 .048316 .115429 .418578 [.676] DF2_13 .925833E-02 .014985 .617837 [.537] DI3_13 -.402386 .133683 -3.01001 [.003] DF3_13 .441905E-02 .013817 .319838 [.749] DI4_13 .155016 .140497 1.10334 [.270] DF4_13 .996704E-02 .012277 .811830 [.417] DI5_13 .236249 .125256 1.88612 [.059] DF5_13 -.723101E-02 .013451 -.537567 [.591] S1_13 -.020792 .147727 -.140748 [.888] S2_13 .178538 .134914 1.32334 [.186] S3_13 .026837 .114626 .234124 [.815] S4_13 -.065217 .106184 -.614188 [.539] S5_13 -.193538 .101275 -1.91101 [.056] S6_13 .195448 .072392 2.69986 [.007] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB13 Dependent variable: B6_13 YMEAN .163934 S2 1.50359 ARSQ .207261 SDEV 1.37721 S 1.22621 LMHET 188.707 [.000] SSR 851.030 RSQ .263234 DW 2.07434 [<1.00] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.0000 E2 -1.03288D-09 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_13 E1 1.0000 B1_13 0.061366 1.0000 INVESTOR #14 ====================== EQUATIONS: EQ_BB14 NOB 610 SBIC 1139.35 LOGL -998.249 Standard Parameter Estimate Error t-statistic P-value C_14 -3.18042 1.17279 -2.71184 [.007] A6_14 -.063514 .191046 -.332455 [.740] A5_14 .365668 .258723 1.41336 [.158] A4_14 -.294187 .409431 -.718528 [.472] A3_14 .038464 .384673 .099992 [.920] A2_14 .177233 .274112 .646571 [.518] P0_14 .077846 .097272 .800293 [.424] P1_14 .089710 .052098 1.72196 [.085] P2_14 -.048986 .060831 -.805285 [.421] P3_14 -.075448 .054803 -1.37672 [.169] P4_14 -.036970 .064952 -.569178 [.569] P5_14 -.186122 .074018 -2.51456 [.012] P6_14 -.043127 .078631 -.548482 [.583] P7_14 -.063950 .055326 -1.15588 [.248] P8_14 -.264188E-02 .053367 -.049504 [.961] P9_14 .079071 .054721 1.44498 [.148] P10_14 -.032868 .055188 -.595567 [.551] P11_14 .013106 .063620 .206012 [.837] P12_14 -.026390 .062129 -.424770 [.671] P13_14 -.044866 .053332 -.841268 [.400] P14_14 .062799 .054446 1.15342 [.249] P15_14 .037233 .052522 .708906 [.478] P16_14 .027819 .059282 .469273 [.639] P17_14 .026661 .055652 .479067 [.632] P18_14 .118810 .071251 1.66749 [.095] P19_14 .017765 .128931 .137785 [.890] P20_14 -.014934 .047250 -.316068 [.752] P21_14 -.087169 .056598 -1.54015 [.124] DI1_14 .043696 .072576 .602064 [.547] DF1_14 -.024850 .029848 -.832567 [.405] DI2_14 -.634564E-02 .121473 -.052239 [.958] DF2_14 .816790E-02 .015770 .517946 [.604] DI3_14 -.232176 .140683 -1.65035 [.099] DF3_14 .929589E-02 .014540 .639330 [.523] DI4_14 .255825 .147855 1.73025 [.084] DF4_14 .108719E-02 .012920 .084147 [.933] DI5_14 .076327 .131816 .579045 [.563] DF5_14 .751177E-02 .014156 .530651 [.596] S1_14 -.177972E-03 .155463 -.114478E-02 [.999] S2_14 .132915 .141979 .936161 [.349] S3_14 .017163 .120628 .142280 [.887] S4_14 -.182094 .111744 -1.62956 [.103] S5_14 .014586 .106578 .136856 [.891] S6_14 .044292 .076183 .581387 [.561] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB14 Dependent variable: B6_14 YMEAN .163934 S2 1.66518 ARSQ .103483 SDEV 1.36286 S 1.29042 LMHET 181.959 [.000] SSR 942.494 RSQ .166784 DW 2.05224 [<.999] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.00000 E2 5.62837D-10 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_14 E1 1.00000 B1_14 0.065695 1.00000 INVESTOR #15 ====================== EQUATIONS: EQ_BB15 NOB 610 SBIC 1186.50 LOGL -1045.41 Standard Parameter Estimate Error t-statistic P-value C_15 -4.17375 1.26705 -3.29406 [.001] A6_15 -.079190 .206402 -.383669 [.701] A5_15 .617678 .279518 2.20979 [.027] A4_15 .083989 .442340 .189874 [.849] A3_15 -1.06621 .415592 -2.56551 [.010] A2_15 .602672 .296145 2.03506 [.042] P0_15 .394398 .105091 3.75292 [.000] P1_15 -.084200 .056285 -1.49595 [.135] P2_15 -.263282 .065720 -4.00611 [.000] P3_15 -.130423 .059207 -2.20281 [.028] P4_15 -.271965 .070173 -3.87562 [.000] P5_15 -.240543 .079967 -3.00802 [.003] P6_15 -.157608 .084951 -1.85529 [.064] P7_15 -.069129 .059773 -1.15653 [.247] P8_15 -.250904E-02 .057657 -.043517 [.965] P9_15 .044427 .059120 .751476 [.452] P10_15 -.041464 .059624 -.695418 [.487] P11_15 -.166537 .068734 -2.42292 [.015] P12_15 .469912E-02 .067123 .070008 [.944] P13_15 -.106310 .057618 -1.84508 [.065] P14_15 -.038029 .058822 -.646517 [.518] P15_15 -.666756E-02 .056744 -.117503 [.906] P16_15 -.040982 .064047 -.639884 [.522] P17_15 -.594867E-02 .060126 -.098937 [.921] P18_15 .072134 .076978 .937079 [.349] P19_15 -.225147 .139294 -1.61634 [.106] P20_15 .383704E-02 .051047 .075166 [.940] P21_15 -.036715 .061147 -.600446 [.548] DI1_15 .025403 .078410 .323981 [.746] DF1_15 -.578650E-02 .032247 -.179445 [.858] DI2_15 .258290 .131237 1.96812 [.049] DF2_15 .025160 .017037 1.47673 [.140] DI3_15 -.531104 .151991 -3.49432 [.000] DF3_15 -.168668E-02 .015709 -.107372 [.914] DI4_15 -.026621 .159739 -.166656 [.868] DF4_15 .327146E-02 .013959 .234368 [.815] DI5_15 .235728 .142411 1.65527 [.098] DF5_15 .433238E-02 .015294 .283281 [.777] S1_15 -.160346 .167959 -.954675 [.340] S2_15 .046177 .153391 .301039 [.763] S3_15 .049160 .130324 .377215 [.706] S4_15 .059781 .120726 .495177 [.620] S5_15 -.065480 .115145 -.568672 [.570] S6_15 .067085 .082306 .815069 [.415] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB15 Dependent variable: B6_15 YMEAN .163934 S2 1.94363 ARSQ .197756 SDEV 1.55652 S 1.39414 LMHET 397.507 [.000] SSR 1100.09 RSQ .254400 DW 2.01649 [<.996] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.00000 E2 -5.99062D-10 1.0000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_15 E1 1.00000 B1_15 0.10128 1.00000 INVESTOR #16 ====================== EQUATIONS: EQ_BB16 NOB 610 SBIC 1602.40 LOGL -1461.30 Standard Parameter Estimate Error t-statistic P-value C_16 1.89211 2.50550 .755185 [.450] A6_16 .865025 .408143 2.11942 [.034] A5_16 -.484489 .552725 -.876546 [.381] A4_16 -1.19977 .874691 -1.37166 [.170] A3_16 .692409 .821800 .842552 [.399] A2_16 .198219 .585603 .338488 [.735] P0_16 -.087555 .207809 -.421324 [.674] P1_16 -.093857 .111300 -.843279 [.399] P2_16 -.125116 .129956 -.962757 [.336] P3_16 -.042971 .117078 -.367032 [.714] P4_16 -.053310 .138762 -.384184 [.701] P5_16 -.436522 .158129 -2.76055 [.006] P6_16 .090558 .167983 .539087 [.590] P7_16 -.062544 .118196 -.529151 [.597] P8_16 .044254 .114012 .388152 [.698] P9_16 .199296 .116904 1.70477 [.088] P10_16 .355588 .117902 3.01598 [.003] P11_16 .511572 .135916 3.76390 [.000] P12_16 -.041098 .132729 -.309635 [.757] P13_16 -.026716 .113936 -.234482 [.815] P14_16 .507912E-02 .116316 .043667 [.965] P15_16 .039823 .112207 .354908 [.723] P16_16 .039018 .126647 .308081 [.758] P17_16 .101541 .118894 .854052 [.393] P18_16 .523177 .152217 3.43705 [.001] P19_16 .861775 .275443 3.12869 [.002] P20_16 -.072649 .100942 -.719714 [.472] P21_16 -.260677 .120913 -2.15591 [.031] DI1_16 .083013 .155049 .535397 [.592] DF1_16 -.025461 .063765 -.399297 [.690] DI2_16 -.909060E-02 .259511 -.035030 [.972] DF2_16 -.130068E-02 .033690 -.038607 [.969] DI3_16 .157013 .300550 .522419 [.601] DF3_16 .013606 .031063 .438010 [.661] DI4_16 -.351909 .315871 -1.11409 [.265] DF4_16 .013241 .027602 .479702 [.631] DI5_16 .022125 .281606 .078568 [.937] DF5_16 -.014406 .030242 -.476367 [.634] S1_16 -.066987 .332126 -.201692 [.840] S2_16 .235051 .303319 .774930 [.438] S3_16 -.172335 .257706 -.668730 [.504] S4_16 -.123384 .238726 -.516846 [.605] S5_16 .058817 .227690 .258321 [.796] S6_16 .211588 .162754 1.30005 [.194] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB16 Dependent variable: B6_16 YMEAN .163934 S2 7.59996 ARSQ .084000 SDEV 2.88043 S 2.75680 LMHET 160.656 [.000] SSR 4301.57 RSQ .148677 DW 1.99175 [<.990] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.0000 E2 1.43092D-10 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_16 E1 1.0000 B1_16 0.039112 1.00000 INVESTOR #17 ====================== EQUATIONS: EQ_BB17 NOB 610 SBIC 710.342 LOGL -569.246 Standard Parameter Estimate Error t-statistic P-value C_17 -1.82321 .580480 -3.14087 [.002] A6_17 -.078625 .094560 -.831481 [.406] A5_17 .277828 .128057 2.16957 [.030] A4_17 .100185 .202651 .494375 [.621] A3_17 -.066646 .190397 -.350036 [.726] A2_17 -.046795 .135674 -.344905 [.730] P0_17 .037179 .048146 .772213 [.440] P1_17 -.365570E-02 .025786 -.141770 [.887] P2_17 -.042819 .030109 -1.42214 [.155] P3_17 -.257349E-02 .027125 -.094876 [.924] P4_17 -.038193 .032149 -1.18800 [.235] P5_17 -.100524 .036636 -2.74390 [.006] P6_17 -.043311 .038919 -1.11285 [.266] P7_17 -.052720 .027384 -1.92523 [.054] P8_17 .011805 .026415 .446926 [.655] P9_17 .034281 .027085 1.26571 [.206] P10_17 -.033005 .027316 -1.20826 [.227] P11_17 .039219 .031489 1.24546 [.213] P12_17 -.017741 .030751 -.576912 [.564] P13_17 -.794219E-02 .026397 -.300876 [.764] P14_17 .041950 .026948 1.55666 [.120] P15_17 -.010066 .025996 -.387201 [.699] P16_17 .967146E-02 .029342 .329612 [.742] P17_17 .012406 .027546 .450371 [.652] P18_17 .049903 .035266 1.41505 [.157] P19_17 .069670 .063815 1.09174 [.275] P20_17 -.365589E-02 .023386 -.156325 [.876] P21_17 -.048699 .028013 -1.73843 [.082] DI1_17 .714501E-02 .035922 .198902 [.842] DF1_17 .804010E-02 .014773 .544234 [.586] DI2_17 .301439E-02 .060124 .050136 [.960] DF2_17 -.135761E-02 .780537E-02 -.173933 [.862] DI3_17 -.114244 .069632 -1.64069 [.101] DF3_17 .127696E-02 .719670E-02 .177437 [.859] DI4_17 -.024291 .073182 -.331925 [.740] DF4_17 .246996E-02 .639493E-02 .386237 [.699] DI5_17 .074321 .065243 1.13913 [.255] DF5_17 .618556E-02 .700650E-02 .882832 [.377] S1_17 -.051721 .076948 -.672151 [.501] S2_17 .117292 .070274 1.66908 [.095] S3_17 .019580 .059706 .327948 [.743] S4_17 .033662 .055309 .608629 [.543] S5_17 .021354 .052752 .404794 [.686] S6_17 .014047 .037707 .372527 [.710] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB17 Dependent variable: B6_17 YMEAN .156251 S2 .407941 ARSQ .176945 SDEV .704019 S .638703 LMHET 130.152 [.000] SSR 230.895 RSQ .235058 DW 1.98713 [<.988] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.00000 E2 1.09499D-09 1.0000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_17 E1 1.00000 B1_17 0.036441 1.00000 INVESTOR #18 ====================== EQUATIONS: EQ_BB18 NOB 610 SBIC 895.316 LOGL -754.220 Standard Parameter Estimate Error t-statistic P-value C_18 -4.15989 .786106 -5.29177 [.000] A6_18 .406976E-02 .128056 .031781 [.975] A5_18 .364850 .173419 2.10386 [.035] A4_18 .249432 .274437 .908889 [.363] A3_18 -.634114 .257842 -2.45931 [.014] A2_18 .183902 .183734 1.00091 [.317] P0_18 .159184 .065200 2.44146 [.015] P1_18 -.046443 .034920 -1.32996 [.184] P2_18 -.077701 .040774 -1.90564 [.057] P3_18 -.088699 .036733 -2.41467 [.016] P4_18 -.123263 .043537 -2.83123 [.005] P5_18 -.068436 .049613 -1.37939 [.168] P6_18 -.051855 .052705 -.983868 [.325] P7_18 -.837199E-02 .037084 -.225756 [.821] P8_18 .607522E-02 .035771 .169834 [.865] P9_18 .066055 .036679 1.80088 [.072] P10_18 -.018089 .036992 -.488986 [.625] P11_18 -.027510 .042644 -.645100 [.519] P12_18 -.925241E-02 .041644 -.222178 [.824] P13_18 -.089089 .035748 -2.49216 [.013] P14_18 -.019551 .036494 -.535716 [.592] P15_18 .020632 .035205 .586040 [.558] P16_18 -.020988 .039736 -.528196 [.597] P17_18 .641841E-02 .037303 .172061 [.863] P18_18 -.010978 .047758 -.229860 [.818] P19_18 -.132269 .086421 -1.53052 [.126] P20_18 -.827908E-02 .031671 -.261411 [.794] P21_18 -.032667 .037937 -.861093 [.389] DI1_18 .049139 .048647 1.01010 [.312] DF1_18 .011609 .020006 .580254 [.562] DI2_18 .080355 .081422 .986900 [.324] DF2_18 .013688 .010570 1.29492 [.195] DI3_18 -.254638 .094298 -2.70035 [.007] DF3_18 -.015274 .974602E-02 -1.56717 [.117] DI4_18 .680964E-02 .099105 .068711 [.945] DF4_18 -.260690E-02 .866024E-02 -.301020 [.763] DI5_18 .104806 .088354 1.18620 [.236] DF5_18 .162755E-02 .948844E-02 .171529 [.864] S1_18 .841491E-02 .104205 .080753 [.936] S2_18 .054442 .095167 .572065 [.567] S3_18 .014975 .080856 .185200 [.853] S4_18 .082028 .074901 1.09516 [.273] S5_18 -.866308E-02 .071438 -.121267 [.903] S6_18 .060160 .051064 1.17812 [.239] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB18 Dependent variable: B6_18 YMEAN .163934 S2 .748144 ARSQ .194525 SDEV .963755 S .864953 LMHET 154.759 [.000] SSR 423.450 RSQ .251397 DW 2.04068 [<.998] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.00000 E2 -1.18535D-09 1.0000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_18 E1 1.00000 B1_18 0.063336 1.0000 INVESTOR #19 ====================== EQUATIONS: EQ_BB19 NOB 610 SBIC 1273.19 LOGL -1132.10 Standard Parameter Estimate Error t-statistic P-value C_19 -3.01692 1.46054 -2.06562 [.039] A6_19 .079521 .237921 .334235 [.738] A5_19 .533804 .322202 1.65674 [.098] A4_19 .042668 .509887 .083682 [.933] A3_19 -.553659 .479055 -1.15573 [.248] A2_19 .419845 .341368 1.22989 [.219] P0_19 .074230 .121139 .612768 [.540] P1_19 -.054151 .064880 -.834625 [.404] P2_19 -.126488 .075756 -1.66968 [.095] P3_19 .105243 .068249 1.54205 [.123] P4_19 -.065367 .080889 -.808103 [.419] P5_19 -.309863 .092179 -3.36155 [.001] P6_19 -.067327 .097923 -.687551 [.492] P7_19 -.148058 .068901 -2.14887 [.032] P8_19 .048986 .066461 .737062 [.461] P9_19 .146154 .068148 2.14467 [.032] P10_19 -.480919E-02 .068729 -.069973 [.944] P11_19 -.081696 .079230 -1.03113 [.302] P12_19 .123046 .077373 1.59031 [.112] P13_19 -.012669 .066417 -.190746 [.849] P14_19 .026221 .067805 .386712 [.699] P15_19 .738508E-02 .065409 .112906 [.910] P16_19 -.024278 .073827 -.328851 [.742] P17_19 .474549E-02 .069307 .068471 [.945] P18_19 .255777 .088732 2.88256 [.004] P19_19 .275382 .160565 1.71508 [.086] P20_19 .012283 .058843 .208736 [.835] P21_19 -.100125 .070484 -1.42053 [.155] DI1_19 .023143 .090383 .256058 [.798] DF1_19 -.015884 .037171 -.427337 [.669] DI2_19 .111017 .151278 .733863 [.463] DF2_19 .631019E-02 .019639 .321309 [.748] DI3_19 -.111392 .175201 -.635799 [.525] DF3_19 -.010581 .018108 -.584340 [.559] DI4_19 -.175166 .184132 -.951309 [.341] DF4_19 -.152197E-02 .016090 -.094590 [.925] DI5_19 .729360E-02 .164157 .044431 [.965] DF5_19 .171470E-02 .017629 .097266 [.923] S1_19 -.204114 .193607 -1.05427 [.292] S2_19 .332574 .176815 1.88092 [.060] S3_19 -.137581 .150225 -.915833 [.360] S4_19 .121950 .139161 .876322 [.381] S5_19 .071059 .132728 .535373 [.592] S6_19 .112283 .094875 1.18349 [.237] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB19 Dependent variable: B6_19 YMEAN .163934 S2 2.58256 ARSQ .100420 SDEV 1.69436 S 1.60703 LMHET 178.779 [.000] SSR 1461.73 RSQ .163937 DW 2.12967 [<1.00] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.00000 E2 1.51291D-09 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_19 E1 1.00000 B1_19 0.068979 1.0000 INVESTOR #20 ====================== EQUATIONS: EQ_BB20 NOB 610 SBIC 1023.78 LOGL -882.688 Standard Parameter Estimate Error t-statistic P-value C_20 -4.03920 .970388 -4.16246 [.000] A6_20 .056476 .158075 .357270 [.721] A5_20 .314503 .214072 1.46914 [.142] A4_20 -.134504 .338771 -.397036 [.691] A3_20 -.247717E-02 .318286 -.778284E-02 [.994] A2_20 .188204 .226806 .829803 [.407] P0_20 .116436 .080485 1.44668 [.148] P1_20 .943296E-02 .043107 .218828 [.827] P2_20 -.094612 .050332 -1.87975 [.060] P3_20 -.014143 .045345 -.311890 [.755] P4_20 -.037971 .053743 -.706535 [.480] P5_20 -.191441 .061244 -3.12589 [.002] P6_20 -.094484 .065060 -1.45225 [.146] P7_20 -.097434 .045778 -2.12842 [.033] P8_20 -.012944 .044157 -.293144 [.769] P9_20 .086990 .045277 1.92127 [.055] P10_20 -.101629E-02 .045664 -.022256 [.982] P11_20 -.058550 .052641 -1.11226 [.266] P12_20 -.012395 .051407 -.241116 [.809] P13_20 -.618101E-02 .044128 -.140071 [.889] P14_20 .031058 .045050 .689407 [.491] P15_20 .057869 .043458 1.33161 [.183] P16_20 .169894E-02 .049051 .034636 [.972] P17_20 .667289E-02 .046048 .144912 [.885] P18_20 .103800 .058954 1.76068 [.078] P19_20 -.050940 .106680 -.477501 [.633] P20_20 -.796275E-02 .039095 -.203676 [.839] P21_20 -.063305 .046830 -1.35180 [.176] DI1_20 .014622 .060051 .243491 [.808] DF1_20 -.023354 .024696 -.945639 [.344] DI2_20 .227763E-02 .100509 .022661 [.982] DF2_20 .116181E-02 .013048 .089040 [.929] DI3_20 -.134310 .116404 -1.15383 [.249] DF3_20 .226017E-02 .012031 .187867 [.851] DI4_20 -.096626 .122338 -.789827 [.430] DF4_20 .262693E-02 .010690 .245728 [.806] DI5_20 .185170 .109067 1.69777 [.090] DF5_20 .237972E-02 .011713 .203173 [.839] S1_20 -.038971 .128633 -.302962 [.762] S2_20 .191321 .117476 1.62859 [.103] S3_20 .334164E-03 .099810 .334799E-02 [.997] S4_20 .056456 .092459 .610604 [.541] S5_20 -.038200 .088185 -.433178 [.665] S6_20 .052556 .063035 .833764 [.404] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB20 Dependent variable: B6_20 YMEAN .163934 S2 1.14002 ARSQ .169444 SDEV 1.17158 S 1.06772 LMHET 231.386 [.000] SSR 645.253 RSQ .228088 DW 2.12698 [<1.00] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.0000 E2 2.11238D-10 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_20 E1 1.0000 B1_20 0.089310 1.00000 INVESTOR #21 ====================== EQUATIONS: EQ_BB21 NOB 610 SBIC 1223.27 LOGL -1082.17 Standard Parameter Estimate Error t-statistic P-value C_21 -4.27916 1.34577 -3.17972 [.001] A6_21 .035034 .219224 .159808 [.873] A5_21 .615114 .296883 2.07191 [.038] A4_21 -.054488 .469819 -.115976 [.908] A3_21 -.340318 .441410 -.770980 [.441] A2_21 -.158336 .314542 -.503384 [.615] P0_21 .092816 .111619 .831537 [.406] P1_21 .025886 .059782 .433012 [.665] P2_21 -.050698 .069803 -.726308 [.468] P3_21 -.051786 .062885 -.823492 [.410] P4_21 -.021388 .074532 -.286957 [.774] P5_21 -.051674 .084935 -.608393 [.543] P6_21 .020037 .090228 .222074 [.824] P7_21 -.051966 .063486 -.818541 [.413] P8_21 .098526 .061239 1.60889 [.108] P9_21 .067664 .062792 1.07759 [.281] P10_21 -.049925 .063328 -.788354 [.430] P11_21 .028963 .073004 .396732 [.692] P12_21 -.069720 .071292 -.977941 [.328] P13_21 -.129631 .061198 -2.11823 [.034] P14_21 -.035377 .062476 -.566251 [.571] P15_21 .117598 .060269 1.95122 [.051] P16_21 -.457247E-02 .068025 -.067217 [.946] P17_21 .023951 .063861 .375044 [.708] P18_21 -.056505 .081760 -.691106 [.489] P19_21 -.139428 .147947 -.942415 [.346] P20_21 .459775E-02 .054218 .084801 [.932] P21_21 -.016837 .064945 -.259253 [.795] DI1_21 .056041 .083281 .672914 [.501] DF1_21 .046851 .034250 1.36792 [.171] DI2_21 -.035997 .139390 -.258245 [.796] DF2_21 .373820E-02 .018096 .206579 [.836] DI3_21 -.165203 .161433 -1.02336 [.306] DF3_21 -.979147E-02 .016685 -.586857 [.557] DI4_21 -.145700 .169662 -.858765 [.390] DF4_21 -.736100E-02 .014826 -.496499 [.620] DI5_21 .253004 .151257 1.67267 [.094] DF5_21 -.180194E-02 .016244 -.110932 [.912] S1_21 .140886 .178393 .789751 [.430] S2_21 -.043763 .162920 -.268618 [.788] S3_21 .081221 .138420 .586770 [.557] S4_21 .083453 .128226 .650826 [.515] S5_21 -.774961E-02 .122298 -.063367 [.949] S6_21 .087375 .087419 .999490 [.318] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB21 Dependent variable: B6_21 YMEAN .163934 S2 2.19261 ARSQ .059898 SDEV 1.52719 S 1.48075 LMHET 194.779 [.000] SSR 1241.02 RSQ .126277 DW 1.69375 [<.086] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.00000 E2 1.01697D-09 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_21 E1 1.00000 B1_21 0.0054073 1.00000 INVESTOR #22 ====================== EQUATIONS: EQ_BB22 NOB 610 SBIC 979.719 LOGL -838.623 Standard Parameter Estimate Error t-statistic P-value C_22 -4.38934 .902760 -4.86213 [.000] A6_22 -.149686 .147059 -1.01787 [.309] A5_22 .687940 .199153 3.45432 [.001] A4_22 -.218132 .315161 -.692128 [.489] A3_22 -.534663 .296104 -1.80566 [.071] A2_22 .144738 .210999 .685963 [.493] P0_22 .101574 .074876 1.35656 [.175] P1_22 .201382E-02 .040103 .050217 [.960] P2_22 -.027287 .046825 -.582739 [.560] P3_22 -.058771 .042185 -1.39320 [.164] P4_22 -.056720 .049997 -1.13447 [.257] P5_22 -.096890 .056976 -1.70055 [.089] P6_22 -.015037 .060526 -.248438 [.804] P7_22 .191500E-02 .042587 .044966 [.964] P8_22 .045629 .041080 1.11073 [.267] P9_22 .017549 .042122 .416630 [.677] P10_22 -.055452 .042481 -1.30533 [.192] P11_22 -.335438E-02 .048972 -.068496 [.945] P12_22 -.034694 .047824 -.725452 [.468] P13_22 -.065327 .041052 -1.59132 [.112] P14_22 -.010665 .041910 -.254473 [.799] P15_22 .062686 .040429 1.55051 [.121] P16_22 .017341 .045633 .380020 [.704] P17_22 .011142 .042839 .260082 [.795] P18_22 -.014626 .054846 -.266684 [.790] P19_22 -.228481 .099245 -2.30218 [.021] P20_22 -.931754E-02 .036371 -.256184 [.798] P21_22 -.022500 .043566 -.516454 [.606] DI1_22 .025708 .055866 .460174 [.645] DF1_22 .023907 .022975 1.04054 [.298] DI2_22 .156993 .093505 1.67899 [.093] DF2_22 .017308 .012139 1.42579 [.154] DI3_22 -.212911 .108292 -1.96609 [.049] DF3_22 -.925076E-02 .011192 -.826531 [.409] DI4_22 -.068652 .113812 -.603209 [.546] DF4_22 -.657282E-02 .994537E-02 -.660893 [.509] DI5_22 .219955 .101466 2.16778 [.030] DF5_22 -.461917E-02 .010896 -.423914 [.672] S1_22 .171941 .119669 1.43681 [.151] S2_22 -.039003 .109289 -.356876 [.721] S3_22 -.013497 .092854 -.145351 [.884] S4_22 .022215 .086016 .258272 [.796] S5_22 .052601 .082039 .641170 [.521] S6_22 .583258E-03 .058642 .994608E-02 [.992] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB22 Dependent variable: B6_22 YMEAN .163934 S2 .986661 ARSQ .122044 SDEV 1.06010 S .993308 LMHET 155.899 [.000] SSR 558.450 RSQ .184034 DW 1.47579 [<.000] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.0000 E2 -1.35731D-09 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_22 E1 1.0000 B1_22 0.014825 1.00000 INVESTOR #23 ====================== EQUATIONS: EQ_BB23 NOB 610 SBIC 419.130 LOGL -278.034 Standard Parameter Estimate Error t-statistic P-value C_23 -2.56667 .360128 -7.12710 [.000] A6_23 -.033036 .058665 -.563130 [.573] A5_23 .484082 .079446 6.09322 [.000] A4_23 -.064383 .125724 -.512100 [.609] A3_23 -.107582 .118122 -.910770 [.362] A2_23 .171890 .084172 2.04213 [.041] P0_23 .088323 .029869 2.95696 [.003] P1_23 .016069 .015998 1.00448 [.315] P2_23 .034688 .018679 1.85704 [.063] P3_23 .020106 .016828 1.19478 [.232] P4_23 -.575445E-02 .019945 -.288517 [.773] P5_23 -.948592E-02 .022729 -.417355 [.676] P6_23 -.033026 .024145 -1.36780 [.171] P7_23 .158928E-02 .016989 .093548 [.925] P8_23 .027595 .016387 1.68392 [.092] P9_23 -.017526 .016803 -1.04303 [.297] P10_23 -.908161E-02 .016947 -.535896 [.592] P11_23 .011297 .019536 .578290 [.563] P12_23 -.780682E-02 .019078 -.409208 [.682] P13_23 -.014143 .016377 -.863614 [.388] P14_23 .762206E-02 .016719 .455900 [.648] P15_23 -.133482E-02 .016128 -.082764 [.934] P16_23 -.929380E-03 .018204 -.051055 [.959] P17_23 .013167 .017089 .770467 [.441] P18_23 .024327 .021879 1.11190 [.266] P19_23 -.099733 .039591 -2.51910 [.012] P20_23 -.713824E-02 .014509 -.491990 [.623] P21_23 -.010789 .017379 -.620816 [.535] DI1_23 .105774E-02 .022286 .047462 [.962] DF1_23 -.598488E-02 .916528E-02 -.652995 [.514] DI2_23 -.996678E-02 .037301 -.267200 [.789] DF2_23 .135269E-02 .484243E-02 .279341 [.780] DI3_23 -.038727 .043200 -.896475 [.370] DF3_23 -.393184E-02 .446481E-02 -.880629 [.379] DI4_23 -.108816 .045402 -2.39674 [.017] DF4_23 -.883965E-02 .396740E-02 -2.22807 [.026] DI5_23 -.824624E-02 .040477 -.203729 [.839] DF5_23 .918859E-02 .434681E-02 2.11387 [.035] S1_23 -.169226 .047738 -3.54488 [.000] S2_23 .219179 .043598 5.02732 [.000] S3_23 -.025728 .037041 -.694576 [.487] S4_23 .116744 .034313 3.40229 [.001] S5_23 .081035 .032727 2.47609 [.013] S6_23 .032077 .023393 1.37119 [.170] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB23 Dependent variable: B6_23 YMEAN .163934 S2 .157013 ARSQ .447591 SDEV .533136 S .396249 LMHET 80.9800 [.000] SSR 88.8696 RSQ .486595 DW 1.91352 [<.911] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.00000 E2 1.24127D-09 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_23 E1 1.00000 B1_23 0.062701 1.00000 INVESTOR #24 ====================== EQUATIONS: EQ_BB24 NOB 610 SBIC 1597.64 LOGL -1456.55 Standard Parameter Estimate Error t-statistic P-value C_24 1.96505 2.48605 .790431 [.429] A6_24 .882114 .404974 2.17820 [.029] A5_24 -.540772 .548434 -.986029 [.324] A4_24 -1.13094 .867900 -1.30308 [.193] A3_24 .674400 .815420 .827059 [.408] A2_24 .187995 .581056 .323540 [.746] P0_24 -.105153 .206195 -.509968 [.610] P1_24 -.089928 .110435 -.814304 [.415] P2_24 -.117954 .128947 -.914746 [.360] P3_24 -.036941 .116169 -.317991 [.750] P4_24 -.042716 .137684 -.310249 [.756] P5_24 -.457349 .156901 -2.91489 [.004] P6_24 .092818 .166679 .556869 [.578] P7_24 -.063259 .117278 -.539395 [.590] P8_24 .044139 .113127 .390170 [.696] P9_24 .211828 .115997 1.82616 [.068] P10_24 .344847 .116986 2.94776 [.003] P11_24 .503732 .134860 3.73521 [.000] P12_24 -.042366 .131699 -.321691 [.748] P13_24 -.022839 .113051 -.202025 [.840] P14_24 .448576E-02 .115413 .038867 [.969] P15_24 .039233 .111335 .352385 [.725] P16_24 .039224 .125664 .312132 [.755] P17_24 .102170 .117970 .866064 [.386] P18_24 .553246 .151035 3.66303 [.000] P19_24 .929858 .273305 3.40228 [.001] P20_24 -.071028 .100158 -.709157 [.478] P21_24 -.271998 .119974 -2.26715 [.023] DI1_24 .082939 .153845 .539105 [.590] DF1_24 -.025146 .063270 -.397444 [.691] DI2_24 -.013356 .257496 -.051868 [.959] DF2_24 -.152892E-02 .033428 -.045737 [.964] DI3_24 .142986 .298216 .479471 [.632] DF3_24 .013621 .030822 .441935 [.659] DI4_24 -.313754 .313418 -1.00107 [.317] DF4_24 .013671 .027388 .499152 [.618] DI5_24 .014121 .279419 .050538 [.960] DF5_24 -.014580 .030007 -.485900 [.627] S1_24 -.059664 .329547 -.181050 [.856] S2_24 .247632 .300964 .822797 [.411] S3_24 -.180551 .255705 -.706092 [.480] S4_24 -.139217 .236872 -.587731 [.557] S5_24 .045871 .225922 .203040 [.839] S6_24 .225119 .161490 1.39401 [.163] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB24 Dependent variable: B6_24 YMEAN .163934 S2 7.48240 ARSQ .090089 SDEV 2.86762 S 2.73540 LMHET 175.810 [.000] SSR 4235.04 RSQ .154336 DW 1.99028 [<.989] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.0000 E2 1.96228D-11 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_24 E1 1.0000 B1_24 0.039610 1.00000 INVESTOR #25 ====================== EQUATIONS: EQ_BB25 NOB 610 SBIC 1184.47 LOGL -1043.38 Standard Parameter Estimate Error t-statistic P-value C_25 -3.11797 1.26284 -2.46900 [.014] A6_25 .035178 .205716 .171003 [.864] A5_25 .627802 .278590 2.25350 [.024] A4_25 -.701422 .440870 -1.59100 [.112] A3_25 -.212005 .414211 -.511828 [.609] A2_25 .469436 .295161 1.59044 [.112] P0_25 .197972 .104742 1.89009 [.059] P1_25 -.066119 .056098 -1.17863 [.239] P2_25 -.111671 .065502 -1.70486 [.088] P3_25 -.045035 .059011 -.763175 [.445] P4_25 -.120225 .069940 -1.71897 [.086] P5_25 -.052840 .079701 -.662968 [.507] P6_25 -.108868 .084668 -1.28581 [.199] P7_25 .047340 .059574 .794640 [.427] P8_25 .045278 .057465 .787915 [.431] P9_25 -.063630 .058923 -1.07987 [.280] P10_25 .043705 .059426 .735454 [.462] P11_25 .071640 .068505 1.04576 [.296] P12_25 .092872 .066899 1.38823 [.165] P13_25 -.070832 .057427 -1.23343 [.217] P14_25 .081088 .058627 1.38312 [.167] P15_25 .026834 .056555 .474478 [.635] P16_25 .021622 .063834 .338723 [.735] P17_25 .072107 .059926 1.20328 [.229] P18_25 -.109010E-02 .076722 -.014209 [.989] P19_25 -.182316 .138831 -1.31322 [.189] P20_25 -.037909 .050878 -.745108 [.456] P21_25 -.054849 .060944 -.899999 [.368] DI1_25 .074051 .078149 .947564 [.343] DF1_25 -.023697 .032139 -.737303 [.461] DI2_25 .100857 .130801 .771070 [.441] DF2_25 .850768E-02 .016981 .501021 [.616] DI3_25 -.018731 .151486 -.123651 [.902] DF3_25 -.929955E-02 .015657 -.593972 [.553] DI4_25 -.204835 .159208 -1.28659 [.198] DF4_25 -.011407 .013912 -.819904 [.412] DI5_25 .166159 .141937 1.17065 [.242] DF5_25 .010367 .015243 .680119 [.496] S1_25 -.273082 .167401 -1.63131 [.103] S2_25 .189593 .152881 1.24013 [.215] S3_25 -.019368 .129891 -.149112 [.881] S4_25 .531853E-02 .120325 .044201 [.965] S5_25 .028804 .114762 .250990 [.802] S6_25 .033458 .082033 .407860 [.683] Standard Errors computed from quadratic form of analytic first derivatives (Gauss) Equation: EQ_BB25 Dependent variable: B6_25 YMEAN .158463 S2 1.93073 ARSQ .095140 SDEV 1.46073 S 1.38951 LMHET 203.020 [.000] SSR 1092.80 RSQ .159030 DW 2.05685 [<.999] Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 E2 E1 1.0000 E2 -1.38006D-10 1.00000 Results of Covariance procedure =============================== Number of Observations: 610 Correlation Matrix E1 B1_25 E1 1.0000 B1_25 0.067837 1.00000