Equation 35 restricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 421 Mean of dep. var. = 4.94664 LM het. test = .596668E-03 [.981] Std. dev. of dep. var. = .894259 Durbin-Watson = 1.74584 [<.024] Sum of squared residuals = 192.329 Jarque-Bera test = 11.9123 [.003] Variance of residuals = .469094 Ramsey's RESET2 = 14.6163 [.000] Std. error of regression = .684905 F (zero slopes) = 30.6005 [.000] R-squared = .430558 Schwarz B.I.C. = 465.696 Adjusted R-squared = .416669 Log likelihood = -432.462 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .149985 .076141 1.96984 * [.050] LPRICE3 .198465 .121303 1.63612 [.103] LPRICE4 .191319 .144507 1.32395 [.186] LPRICE5 .170062 .123859 1.37302 [.170] LPRICE6 .073722 .098314 .749857 [.454] LSUPPLY1 .849383E-03 .078030 .010885 [.991] LSUPPLY2 .103484 .084357 1.22675 [.221] LSUPPLY3 .138606E-02 .068225 .020316 [.984] LSUPPLY4 .047877 .055826 .857611 [.392] LSUPPLY5 .084931 .053564 1.58561 [.114] LSUPPLY6 .024884 .046984 .529623 [.597] Equation 36 unrestricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 421 Mean of dep. var. = 4.94664 LM het. test = .298362 [.585] Std. dev. of dep. var. = .894259 Durbin-Watson = 1.97330 [<.974] Sum of squared residuals = 149.621 Jarque-Bera test = 16.5836 [.000] Variance of residuals = .387618 Ramsey's RESET2 = .340254 [.560] Std. error of regression = .622590 F (zero slopes) = 14.1326 [.000] R-squared = .554533 Schwarz B.I.C. = 485.351 Adjusted R-squared = .515295 Log likelihood = -379.605 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .067889 .071947 .943608 [.346] LPRICE3 .265409 .115157 2.30476 * [.022] LPRICE4 .271149 .138785 1.95374 [.051] LPRICE5 .158047 .116700 1.35430 [.176] LPRICE6 .048822 .093092 .524449 [.600] LSUPPLY1 -.058948 .098341 -.599420 [.549] LSUPPLY2 .107160 .079950 1.34034 [.181] LSUPPLY3 -.025706 .065663 -.391483 [.696] LSUPPLY4 .098160 .054103 1.81433 [.070] LSUPPLY5 .077263 .050186 1.53954 [.124] LSUPPLY6 .035067 .043788 .800833 [.424] C 3.38261 .829262 4.07906 ** [.000] LTNS -.275072 .082215 -3.34574 ** [.001] LSUPPLY1 0. 0. 0. [1.00] FOWNER1 -.653542E-02 .026678 -.244978 [.807] FOWNER2 .052665 .040072 1.31428 [.190] FOWNER3 -.059549 .031144 -1.91210 [.057] FOWNER4 -.018714 .048857 -.383034 [.702] FOWNER5 .216604 .165371 1.30980 [.191] FDUMMY1 -.117586 .049310 -2.38464 * [.018] FDUMMY2 -.073710 .034384 -2.14373 * [.033] FDUMMY3 -.016035 .030373 -.527949 [.598] FDUMMY4 -.051593 .029578 -1.74427 [.082] FDUMMY5 .025920 .030170 .859137 [.391] FDUMMY6 -.082794 .037634 -2.20002 * [.028] FDUMMY7 -.029749 .033116 -.898333 [.370] FDUMMY8 .019849 .032221 .616011 [.538] FDUMMY9 -.047925 .031477 -1.52255 [.129] FDUMMY10 .015091 .030161 .500339 [.617] FDUMMY11 .038705 .030760 1.25828 [.209] FDUMMY12 -.051526 .029022 -1.77539 [.077] FSTAT1 -.518318 .598531 -.865982 [.387] FSTAT2 .213057 .327569 .650419 [.516] FSTAT3 -.082403 .404844 -.203543 [.839] FSTAT4 -.240023 .121640 -1.97323 * [.049] F(24,386) Test Statistic: 4.590869, Upper tail area: .00000