| Variables | Coefficient | SE | t-value* |
| LNSENSEX | 1.0000 |
|
|
| LNIPI | −1.2446 | −0.1518 | 10.6942 |
| LNGSECR | −0.1337 | −0.0792 | 0.5627 |
| LNEXRATE | 0.7494 | −0.2268 | −15.2996 |
| LNCPI | −0.7112 | −0.1635 | 7.5394 |
| LNMSCI | 0.1248 | −0.1315 | 3.7430 |
| LNDY | −0.8281 | −0.0858 | 7.2278 |
| LNPE | −0.0685 | −0.0889 | 1.7979 |