Variable

Coefficient

Std. Error

t-Statistic

Prob.

C

−0.041167

0.122527

−0.335980

0.7397

D(Z(-1))

−0.066238

0.085198

−0.777459

0.4442

D(Z(-2))

−0.020679

0.098164

−0.210657

0.8349

D(Z(-3))

0.034932

0.124903

0.279669

0.7820

D(Z(-4))

0.036701

0.128646

0.285283

0.7778

D(Z(-5))

−0.057047

0.124265

−0.459075

0.6501

D(Z(-6))

−0.061444

0.110857

−0.554259

0.5843

D(Z(-7))

−0.059130

0.072212

−0.818844

0.4206

D(U(-1))

0.030671

0.257457

0.119132

0.9061

D(U(-2))

0.226493

0.264896

0.855025

0.4007

D(U(-3))

−0.116149

0.254594

−0.456212

0.6522

D(U(-4))

−0.100977

0.232952

−0.433469

0.6684

D(U(-5))

0.180174

0.238910

0.754153

0.4578

D(U(-6))

−0.017801

0.242798

−0.073316

0.9421

D(U(-7))

0.217992

0.215688

1.010681

0.3219

D(EXIN(-1))

−0.738909

0.244516

−3.021926

0.0057

D(EXIN(-2))

−0.626565

0.268277

−2.335517

0.0278

D(EXIN(-3))

−0.400022

0.304176

−1.315100

0.2004

D(EXIN(-4))

−0.477671

0.308493

−1.548401

0.1341

D(EXIN(-5))

−0.389481

0.323820

−1.202773

0.2403

D(EXIN(-6))

−0.601235

0.288369

−2.084954

0.0474

D(EXIN(-7))

−0.220992

0.246787

−0.895476

0.3791