Equation 23 restricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 128 Mean of dep. var. = 5.16788 LM het. test = 4.46513 [.035] Std. dev. of dep. var. = 1.00292 Durbin-Watson = 2.05291 [<.907] Sum of squared residuals = 43.5927 Jarque-Bera test = 17.8477 [.000] Variance of residuals = .372587 Ramsey's RESET2 = 5.09818 [.026] Std. error of regression = .610399 F (zero slopes) = 22.5855 [.000] R-squared = .660509 Schwarz B.I.C. = 139.373 Adjusted R-squared = .631493 Log likelihood = -112.687 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .267154 .116585 2.29150 * [.024] LPRICE3 .309356 .209866 1.47407 [.143] LPRICE4 .234294 .281560 .832130 [.407] LPRICE5 .160731 .217073 .740447 [.461] LPRICE6 -.125761 .181879 -.691455 [.491] LSUPPLY1 -.227803 .118614 -1.92054 [.057] LSUPPLY2 .291620 .130687 2.23143 * [.028] LSUPPLY3 .042107 .097306 .432730 [.666] LSUPPLY4 .190000 .107355 1.76983 [.079] LSUPPLY5 -.133365 .097297 -1.37070 [.173] LSUPPLY6 .053681 .073132 .734032 [.464] Equation 24 unrestricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 128 Mean of dep. var. = 5.16788 LM het. test = 5.03230 [.025] Std. dev. of dep. var. = 1.00292 Durbin-Watson = 1.94705 [<.999] Sum of squared residuals = 32.0444 Jarque-Bera test = 47.7095 [.000] Variance of residuals = .344564 Ramsey's RESET2 = 7.23768 [.008] Std. error of regression = .586996 F (zero slopes) = 8.16882 [.000] R-squared = .749150 Schwarz B.I.C. = 177.901 Adjusted R-squared = .657442 Log likelihood = -92.9901 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .301159 .124104 2.42668 * [.017] LPRICE3 .468919 .224315 2.09045 * [.039] LPRICE4 .236296 .315377 .749251 [.456] LPRICE5 .028056 .236437 .118662 [.906] LPRICE6 -.273694 .197947 -1.38266 [.170] LSUPPLY1 -.273227 .153112 -1.78449 [.078] LSUPPLY2 .312375 .140467 2.22383 * [.029] LSUPPLY3 -.013960 .107602 -.129733 [.897] LSUPPLY4 .206045 .133318 1.54552 [.126] LSUPPLY5 -.143042 .114810 -1.24590 [.216] LSUPPLY6 .019838 .080701 .245821 [.806] C 4.35909 3.51558 1.23993 [.218] LTNS -.233458 .277158 -.842326 [.402] LSUPPLY1 0. 0. 0. [1.00] FOWNER1 -.027649 .099803 -.277041 [.782] FOWNER2 -.012725 .061367 -.207352 [.836] FOWNER3 -.046241 .074149 -.623623 [.534] FOWNER4 -.026610 .058915 -.451670 [.653] FOWNER5 -.056346 .046421 -1.21381 [.228] FDUMMY1 .172531 .097585 1.76800 [.080] FDUMMY2 -.117480 .062100 -1.89177 [.062] FDUMMY3 -.094082 .065964 -1.42626 [.157] FDUMMY4 .138959 .085418 1.62681 [.107] FDUMMY5 -.031000 .086810 -.357098 [.722] FDUMMY6 .010228 .093558 .109321 [.913] FDUMMY7 .044463 .083401 .533116 [.595] FDUMMY8 .078040 .079413 .982704 [.328] FDUMMY9 -.028588 .064196 -.445332 [.657] FDUMMY10 -.174095E-02 .064719 -.026900 [.979] FDUMMY11 -.140002 .115563 -1.21148 [.229] FDUMMY12 -.131621 .093699 -1.40472 [.163] FSTAT1 -.606066 .528483 -1.14680 [.254] FSTAT2 .176604 .299959 .588761 [.557] FSTAT3 -.218012 .304889 -.715053 [.476] FSTAT4 -.322352 .203990 -1.58023 [.117] F(24,93) Test Statistic: 1.396486, Upper tail area: .13075