Dependent Variable: LTR Method: Robust Least Squares Date: 11/07/21 Time: 16:26 Sample: 196

Included observations: 79 Method: M-estimation

M settings: weight = Bisquare, tuning = 4.685, scale = MAD (median centered)

Huber Type I Standard Errors & Covariance

Variable

Coefficient

Std. Error

z-Statistic

Prob.

C

15.02243

1.073998

13.98739

0.0000*

LPOPULATION

−0.105997

0.088971

−1.191363

0.2335*

LEXCHANGE_RATE

0.125221

0.058325

2.146942

0.0318*

LDISTANCE

−3.373381

0.129245

−26.10062

0.0000*

LGDP

0.990199

0.067056

14.76678

0.0000*

Robust Statistics

R-squared

0.645925

Adjusted R-squared

0.626786

Rw-squared

0.974795

Adjust Rw-squared

0.974795

Akaike info criterion

114.1370

Schwarz criterion

129.7417

Deviance

38.70709

Scale

0.598957

Rn-squared statistic

2019.039

Prob(Rn-squared stat.)

0.000000

Non-robust Statistics

Mean dependent var

9.411399

S.D. dependent var

2.918605

S.E. of regression

1.279604

Sum squared resid

121.1667