Method: Two-Stage Least Squares | |||||
Sample: 2011Q1 2021Q2; Date: 15/12/21 Time: 19:32 | |||||
Included observations: 40 | |||||
Instrument specification: PSBSM40 SSB DSB PSBRSS1 | |||||
Dependent Variable Independent Variable | Summary St Coefficient | atistics of the R Std. Error | egression Coeffic t-Statistic | Ients Prob. | |
Price (PSBSM40t) | SSBt-1 | −3.81 | 8.33 | −4.57 | 0.001 |
Equation (10) | DSBt-1 | 1.32 | 7.16 | 18.44* | 0.000 |
| PSBRSS1t-1 | 0.52 | 0.07 | 7.49*** | 0.000 |
| C | −0.16 | 0.17 | −0.14 | 0.35 |
R-squared | 0.974 | Mean dependent var | 3.961 |
| |
Adj: R-squared | 0.972 | S.D. dependent var | 0.537 |
| |
S.E. of regression | 0.089 | Sum squared resid | 0.288 |
| |
Durbin-Watson stat | 0.428 (white test) Heteroskedasticity test Prob. F(3,36) = 0.0003*** | ||||
Supply (SSBt) | DSBt-1 | 12.779 | 3.00 | 4.252*** | 0.0001 |
Equation (11) | PSBSM40t-1 | −964,753.2 | 108,618.5 | −4.57 | 0.0001 |
| PSBRSS1t-1 | 859,497.3 | 210,767.0 | 7.912 | 0.0000 |
| C | −10,17130. | 229,964.3 | −4.423 | 0.0001 |
R-squared | 0.777 | Mean dependent var | 7339 |
| |
Adj: R-squared | 0.759 | S.D. dependent var | 2901 |
| |
S.E. of regression | 142,400.4 | Sum squared resid | 7.30 |
| |
Durbin-Watson stat | 0.429 (white test) Heteroskedasticity test Prob. F(3,36) = 0.0030*** | ||||
Demand (DSBt) | SSBt-1 | 0.026 | 0.006153 | 4.252*** | 0.0001 |
Equation (12) | PSBSM40t-1 | 68,439.93 | 3711.019 | 18.442* | 0.0000 |
| PSBRSS1t-1 | −30,733.6 | 6319.063 | −4.863** | 0.0000 |
| C | 7180.616 | 12,872.38 | 0.557 | 0.5804 |
R-squared | 0.961 | Mean dependent var | 179,691.8 |
| |
Adj: R-squared | 0.958 | S.D. dependent var | 31,533.54 |
| |
S.E. of regression | 6443.3 | Sum squared resid | 1.49 |
| |
Durbin-Watson stat | 0.523 (white test) Heteroskedasticity testProb. F(3,36)= 0.0030*** | ||||
Price (PSBRSS1t) | SSBt-1 | 7.39 | 9.34 | 7.912 | 0.0000 |
Equation (13) | DSBt-1 | −1.29 | 2.65 | −4.863*** | 0.0000 |
| PSBSM40t-1 | 1.15 | 0.15 | 7.496*** | 0.0000 |
| C | 1.05 | 0.19 | 5.332 | 0.0000 |
R-squared | 0.909 | Mean dependent var | 3.888 |
| |
Adj: R-squared | 0.901 | S.D. dependent var | 0.421 |
| |
S.E. of regression | 0.132 | Sum squared resid | 0.627 |
| |
Durbin-Watson stat | 0.368 (white test) Heteroskedasticity test Prob. F(3,36) = 0.3270*** |