2009

2010

2011

2012

2013

Y4 X1

−0.29425

−0.02816

0.046263

−0.1416

−0.07272

t-statistics

−2.08688

−0.19559

0.313886

−0.98631

−0.49103

Adj R²

0.543835

0.477526

0.445131

0.493565

0.442897

Y4 X2

−0.12017

0.075363

0.068927

0.03205

−0.02886

t-statistics

−0.93868

0.574852

0.518096

0.244488

−0.21039

Adj R²

0.539969

0.477927

0.445343

0.492542

0.442645

Y4 X3

−0.00498

0.013014

0.088545

0.151217

0.235948

t-statistics

−0.04117

0.100933

0.674084

1.126731

1.711751

Adj R²

0.53898

0.468594

0.445575

0.493897

0.446326

Y4 X4

−0.12645

−0.21345

−0.03631

0.014977

0.161154

t-statistics

−0.12645

−0.68869

−0.11905

0.048896

0.521879

Adj R²

0.539191

0.46917

0.445026

0.492478

0.442937

Y4 X5

−0.09583

−0.22859

0.059615

−0.03917

0.192815

t-statistics

−0.09583

−0.74826

0.201125

−0.13336

0.64817

Adj R²

0.539106

0.469276

0.445059

0.492495

0.443127