| ECM | Y5 |
| Y6 |
| Y7 |
| Y8 |
| EC | −0.846 (0.206) |
| 0.761 (0.566) |
| −1.479 (0.189) |
| −0.641 (0.204) |
| Y5 (−1) | −0.274 (0.201) | Y6 (−1) | −1.219 (0.498) | Y7 (−1) | 0.599 (0.106) | Y8 (−1) |
|
| Y5 (−2) | −0.446 (0.213) | Y6 (−2) | −1.278 (0.479) | Y7 (−2) | 0.456 (0.141) | Y8 (−2) | −0.372 (0.175) |
| Y5 (−3) | −0.184 (0.228) | Y6 (−3) | −0.868 (0.358) | Y7 (−3) | 0.401 (0.138) | Y8 (−3) | 0.270 (0.195) |
| Y5 (−4) | −0.308 (0.204) | Y6 (−4) | −0.997 (0.305) | Y7 (−4) | 0.489 (0.112) | Y8 (−4) | 0.430 (0.211) |
| Y5 (−5) | −0.082 (0.171) | Y6 (−5) | −0.630 (0.331) | Y7 (−5) | 0.392 (0.119) | Y8 (−5) | 0.222 (0.199) |
| Y5 (−6) |
| Y6 (−6) | −0.566 (0.254) | Y7 (−6) | 0.458 (0.113) |
|
|
| X21 (−1) | −1.164 (0.405) |
| 1.406 (0.823) |
| −0.136 (0.032) |
|
|
| X21 (−2) | −1.248 (0.395) |
| −0.668 (0.685) |
| −0.161 (0.031) |
| −0.153 (0.231) |
| X21 (−3) | −0.230 (0.421) |
| 1.208 (0.817) |
| −0.178 (0.035) |
| 0.071 (0.244) |
| X21 (−4) | −1.136 (0.436) |
| 1.546 (0.884) |
| −0.194 (0.032) |
| −0.171 (0.250) |
| X21 (−5) | −1.047 (0.471) |
| 0.062 (0.698) |
| −0.141 (0.032) |
| −0.151 (0.260) |
| X21 (−6) |
|
| 1.973 (0.946) |
| −0.061 (0.037) |
|
|
| X22 (−1) | 0.284 (0.153 |
| 0.067 (0.390) |
| −0.186 (0.024) |
|
|
| X22 (−2) | 0.286 (0.157) |
| 0.483 (0.416) |
| −0.196 (0.028) |
| 0.227 (0.092) |
| X22 (−3) | 0.121 (0.133) |
| 0.048 (0.297) |
| −0.138 (0.024) |
| 0.222 (0.118) |
| X22 (−4) | 0.328 (0.140) |
| −0.019 (0.261) |
| −0.129 (0.017) |
| 0.335 (0.097) |
| X22 (−5) | 0.113 (0.137) |
| 0.405 (0.252) |
| −0.107 (0.018) |
| −0.018 (0.104) |
| X22 (−6) |
|
| 0.204 (0.216) |
| −0.056 (0.014) |
|
|
| X23 (−1) | −0.112 (0.205) |
| −0.750 (0.730) |
| 0.349 (0.044) |
|
|
| X23 (−2) | 0.055 (0.201) |
| −1.135 (0.611) |
| 0.364 (0.048) |
| −0.147 (0.129) |
| X23 (−3) | −0.305 (0.190) |
| −0.470 (0.429) |
| 0.278 (0.041) |
| −0.161 (0.130) |
| X23 (−4) | −0.557 (0.214) |
| −0.199 (0.335) |
| 0.266 (0.033) |
| −0.225 (0.126) |
| X23 (−5) | −0.092 (0.204) |
| −0.378 (0.324) |
| 0.192 (0.035) |
| −0.088 (0.142) |
| X23 (−6) |
|
| 0.197 (0.278) |
| 0.063 (0.026) |
|
|
| C |
|
| 0.081 (0.050) |
| 0.056 (0.008) |
|
|
| @TREND (18M03) |
|
|
|
| −0.003 (0.001) |
|
|
| R-squared | 0.870 |
| 0.808 |
| 0.948 |
| 0.740 |
| Adj. R-squared | 0.733 |
| 0.440 |
| 0.837 |
| 0.559 |
| Sum sq. resids | 0.531 |
| 0.881 |
| 0.002 |
| 0.389 |
| S.E. equation | 0.167 |
| 0.260 |
| 0.011 |
| 0.130 |
| F-statistic | 6.345 |
| 2.194 |
| 8.496 |
| 4.093 |
| Log likelihood | 29.696 |
| 18.576 |
| 142.977 |
| 35.880 |
| Akaike AIC | −0.435 |
| 0.381 |
| −5.948 |
| −0.944 |
| Schwarz SC | 0.452 |
| 1.490 |
| −4.796 |
| −0.225 |
| Mean dependent | 0.016 |
| 0.016 |
| 0.023 |
| −0.002 |
| S.D. dependent | 0.323 |
| 0.348 |
| 0.028 |
| 0.196 |