Dynamic regressors (4 lags, automatic): EXR IFR LCPS LCIC

Fixed regressors: C

Number of models evalulated: 2500

Selected Model: ARDL (1, 0, 0, 1, 2)

Variable

Coefficient

Std. Error

t-Statistic

Prob.*

LM2(−1)

0.747570

0.050388

14.83633

0.0000

EXR

2.15E−05

8.48E−05

0.253197

0.8007

IFR

7.72E−05

0.000234

0.329780

0.7423

LCPS

0.014123

0.037342

0.378192

0.7062

LCPS(−1)

0.072220

0.037998

1.900637

0.0604

LCIC

0.486424

0.029393

16.54884

0.0000

LCIC(−1)

−0.396912

0.044121

−8.995953

0.0000

LCIC(−2)

0.058052

0.031707

1.830917

0.0703

C

0.339475

0.063813

5.319871

0.0000

R-squared

0.999706

Mean dependent var

8.009428

Adjusted R-squared

0.999681

S.D. dependent var

1.659916

S.E. of regression

0.029649

Akaike info criterion

−4.114668

Sum squared resid

0.081754

Schwarz criterion

−3.883053

Log likelihood

218.8481

Hannan-Quinn criter.

−4.020879

F-statistic

39559.51

Durbin-Watson stat

1.668496

Prob (F-statistic)

0.000000