Dependent Variable: Y

Method: Least Squares

Date: 10/23/17 Time: 17:43
Sample: 1 50
Included observations: 50

Variable Coefficient Std. Error t-Statistic Prob.

C 7.768003 1.627378 4.773324 0.0000

X1 1.036861 0.677896 1.529529 0.1330
X2 -0.001485 0.000632 -2.348760 0.0232
X3 0.032759 0.006203 5.281143 0.0000

R-squared 0.400189 Mean dependent var 8.280000

Adjusted R-squared 0.361071 S.D. dependent var 2.921001
S.E. of regression 2.334845 Akaike info criterion 4.610387
Sum squared resid 250.7691 Schwarz criterion 4.763349
Log likelihood -111.2597 Hannan-Quinn criter. 4.668635
F-statistic 10.23026 Durbin-Watson stat 1.381568
Prob(F-statistic) 0.000028

9
Series: Residuals
8 Sample 1 50
Observations 50
7

6 Mean -3.91e-16
Median -0.413044
5 Maximum 4.851804
Minimum -4.204210
4 Std. Dev. 2.262242
Skewness 0.294356
3
Kurtosis 2.219384
2
Jarque-Bera 1.991547
1 Probability 0.369437

0
-4 -3 -2 -1 0 1 2 3 4 5
Heteroskedasticity Test: White

F-statistic 0.622661 Prob. F(8,41) 0.7538

Obs*R-squared 5.416646 Prob. Chi-Square(8) 0.7123
Scaled explained SS 2.795223 Prob. Chi-Square(8) 0.9465

Test Equation:
Dependent Variable: RESID^2
Method: Least Squares
Date: 10/23/17 Time: 17:45
Sample: 1 50
Included observations: 50
Collinear test regressors dropped from specification

Variable Coefficient Std. Error t-Statistic Prob.

C -6.636648 13.63486 -0.486741 0.6290

X1^2 12.18515 12.18409 1.000087 0.3231
X1*X2 -0.003139 0.004429 -0.708572 0.4826
X1*X3 -0.017136 0.052483 -0.326503 0.7457
X2^2 -2.22E-07 1.36E-06 -0.162789 0.8715
X2*X3 -2.46E-05 6.13E-05 -0.400700 0.6907
X2 0.003199 0.006780 0.471827 0.6396
X3^2 -0.000107 0.000192 -0.556013 0.5812
X3 0.115218 0.154606 0.745235 0.4604

R-squared 0.108333 Mean dependent var 5.015382

Adjusted R-squared -0.065651 S.D. dependent var 5.594499
S.E. of regression 5.775222 Akaike info criterion 6.506579
Sum squared resid 1367.481 Schwarz criterion 6.850744
Log likelihood -153.6645 Hannan-Quinn criter. 6.637639
F-statistic 0.622661 Durbin-Watson stat 2.401808
Prob(F-statistic) 0.753793

1.000000 0.103581 2.64E-18

0.103581 1.000000 0.246972
2.64E-18 0.246972 1.000000
Dependent Variable: LNY
Method: Least Squares
Date: 10/23/17 Time: 19:32
Sample: 1 89
Included observations: 89

Variable Coefficient Std. Error t-Statistic Prob.

C 9.621735 1.391925 6.912537 0.0000

LNMDT 0.310486 0.084258 3.684929 0.0004

R-squared 0.135006 Mean dependent var 14.74956

Adjusted R-squared 0.125063 S.D. dependent var 0.318664
S.E. of regression 0.298072 Akaike info criterion 0.439253
Sum squared resid 7.729688 Schwarz criterion 0.495177
Log likelihood -17.54676 Hannan-Quinn criter. 0.461795
F-statistic 13.57871 Durbin-Watson stat 1.912958
Prob(F-statistic) 0.000397

Dependent Variable: R
Method: Least Squares
Date: 10/23/17 Time: 19:43
Sample: 1 89
Included observations: 89
HAC standard errors & covariance (Prewhitening with lags = 2, Bartlett
kernel, Newey-West fixed bandwidth = 4.0000)
No d.f. adjustment for standard errors & covariance

Variable Coefficient Std. Error t-Statistic Prob.

C 13.54912 1.707146 7.936706 0.0000

LNMDS -0.254731 0.120015 -2.122483 0.0366

R-squared 0.035595 Mean dependent var 9.908989

Adjusted R-squared 0.024510 S.D. dependent var 0.360442
S.E. of regression 0.355997 Akaike info criterion 0.794428
Sum squared resid 11.02586 Schwarz criterion 0.850352
Log likelihood -33.35204 Hannan-Quinn criter. 0.816969
F-statistic 3.211058 Durbin-Watson stat 1.168087
Prob(F-statistic) 0.076619 Wald F-statistic 4.504936
Prob(Wald F-statistic) 0.036639
Dependent Variable: LNR
Method: Least Squares
Date: 10/23/17 Time: 19:54
Sample: 1 89
Included observations: 89

Variable Coefficient Std. Error t-Statistic Prob.

C 2.354766 0.234234 10.05303 0.0000

LNMDP -0.004185 0.015816 -0.264607 0.7919

R-squared 0.000804 Mean dependent var 2.292794

Adjusted R-squared -0.010681 S.D. dependent var 0.036132
S.E. of regression 0.036325 Akaike info criterion -3.770417
Sum squared resid 0.114796 Schwarz criterion -3.714493
Log likelihood 169.7836 Hannan-Quinn criter. -3.747875
F-statistic 0.070017 Durbin-Watson stat 1.133122
Prob(F-statistic) 0.791938

Auxilary Regresi 1

Dependent Variable: X1
Method: Least Squares
Date: 11/06/17 Time: 14:02
Sample: 1 50
Included observations: 50

Variable Coefficient Std. Error t-Statistic Prob.

C 0.825321 0.349194 2.363506 0.0223

X2 -9.97E-08 1.35E-07 -0.737114 0.4647
X3 2.43E-10 1.33E-09 0.182339 0.8561

R-squared 0.011428 Mean dependent var 0.600000

Adjusted R-squared -0.030639 S.D. dependent var 0.494872
S.E. of regression 0.502396 Akaike info criterion 1.519267
Sum squared resid 11.86286 Schwarz criterion 1.633988
Log likelihood -34.98167 Hannan-Quinn criter. 1.562953
F-statistic 0.271668 Durbin-Watson stat 1.414251
Prob(F-statistic) 0.763295
Auxilary Regresi 2

Dependent Variable: X2
Method: Least Squares
Date: 11/06/17 Time: 14:03
Sample: 1 50
Included observations: 50

Variable Coefficient Std. Error t-Statistic Prob.

C 2328474. 203558.1 11.43886 0.0000

X1 -114604.1 155476.7 -0.737114 0.4647
X3 0.002438 0.001386 1.759346 0.0850

R-squared 0.071854 Mean dependent var 2548440.

Adjusted R-squared 0.032359 S.D. dependent var 547518.6
S.E. of regression 538587.2 Akaike info criterion 29.28941
Sum squared resid 1.36E+13 Schwarz criterion 29.40413
Log likelihood -729.2353 Hannan-Quinn criter. 29.33310
F-statistic 1.819299 Durbin-Watson stat 1.885897
Prob(F-statistic) 0.173373

Auxilary Regresi 3

Dependent Variable: X3
Method: Least Squares
Date: 11/06/17 Time: 14:04
Sample: 1 50
Included observations: 50

Variable Coefficient Std. Error t-Statistic Prob.

C 52096603 39649720 1.313921 0.1953

X1 2906005. 15937403 0.182339 0.8561
X2 25.34327 14.40493 1.759346 0.0850

R-squared 0.061788 Mean dependent var 1.18E+08

Adjusted R-squared 0.021864 S.D. dependent var 55522152
S.E. of regression 54911820 Akaike info criterion 38.53848
Sum squared resid 1.42E+17 Schwarz criterion 38.65320
Log likelihood -960.4620 Hannan-Quinn criter. 38.58217
F-statistic 1.547649 Durbin-Watson stat 1.229179
Prob(F-statistic) 0.223394