Equation: ARDL_WITH_NDI |
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Specification: D(LPRICONS) D(LPRICONS(−1)) D(LNDI) D(LGOVEXP) | ||||
INFL D(DR) D(DR(−1)) |
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Omitted Variables: Squares of fitted values |
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| Value | df | Probability |
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t-statistic | 0.223223 | 25 | 0.8252 |
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F-statistic | 0.049829 | (1, 25) | 0.8252 |
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F-test summary: |
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| Sum of Sq. | df | Mean Squares |
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Test SSR | 4.10E−05 | 1 | 4.10E-05 |
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Restricted SSR | 0.020625 | 26 | 0.000793 |
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Unrestricted SSR | 0.020584 | 25 | 0.000823 |
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Unrestricted Test Equation: |
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Dependent Variable: D(LPRICONS) |
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Method: ARDL |
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Sample: 1984 2015 |
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Included observations: 32 |
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Maximum dependent lags: 2 (Automatic selection) | ||||
Model selection method: Akaike info criterion (AIC) | ||||
Dynamic regressors (1 lag, automatic): |
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Fixed regressors: |
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No d.f. adjustment for standard errors & covariance | ||||
Variable | Coefficient | Std. Error | t-Statistic | Prob.* |
D(LPRICONS(−1)) | 0.403590 | 0.154303 | 2.615561 | 0.0149 |
D(LNDI) | 0.637049 | 0.191402 | 3.328335 | 0.0027 |
D(LGOVEXP) | −0.274896 | 0.096931 | −2.836001 | 0.0089 |
INFL | −0.005410 | 0.003074 | −1.759957 | 0.0906 |
D(DR) | 0.007485 | 0.003180 | 2.353521 | 0.0268 |
D(DR(−1)) | −0.005339 | 0.003227 | −1.654564 | 0.1105 |
FITTED^2 | −1.654243 | 6.550199 | −0.252549 | 0.8027 |
R-squared | 0.498207 | Mean dependent var | 0.014930 | |
Adjusted R-squared | 0.377776 | S. D. dependent var | 0.036376 | |
S.E. of regression | 0.028694 | Akaike info criterion | −4.073608 | |
Sum squared resid | 0.020584 | Schwarz criterion | −3.752979 | |
Log likelihood | 72.17773 | Hannan-Quinn criter. | −3.967329 | |
Durbin-Watson stat | 1.874235 |
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*Note: p-values and any subsequent tests do not account for model selection |