Dependent variable

Independent variables

Coefficient

Standard error

P-value

∆Pproducers

Adjustmentp

−0.3738948

0.0983138

0.000

Trend

0.000069

0.0020562

0.973

Constantp

−0.0012291

0.1405618

0.993

∆Pretails

Adjustmentr

0.024 7243

0.0639977

0.699

Trend

0.0010429

0.0013385

0.436

Constantr

0.0172156

0.0914992

0.851

No. of obs = 119

R-sq

chi2

P > chi2

Pproducers

0.1203

15.86640

0.0012

Pretails

0.0287

3.424623

0.3307