Variable

Coefficient

t-stat

p

$w_t$

0.174

12.193

0.00

$r_t$

0.010

19.385

0.00

$n_t$

2.796

22.270

0.00

$M_{t-1}$

−4.370E−5

−10.141

0.00

$W_{t-1}$

−3.463E−5

−8.578

0.00

$R_{t-1}$

−3.319E−7

−3.468

0.00

$N_{t-1}$

0.000

9.957

0.00