East

North

North east

South

West

C

−0.00072

−0.00059

−0.00129

0.0044

−0.00116

(0.0013)

(0.00023)**

(0.0010)

(0.0035)

(0.00129)

AR (1)

−0.4687

−0.5539

−1.2889

0.1539

0.1378

(0.0524)*

(0.0247)*

(0.0661)*

(0.1333)

(0.2756)

AR (2)

−0.1029

0.1632

−0.07725

0.2604

(0.062)***

(0.0309)*

(0.1191)

(0.2317)

AR (3)

0.684

0.7468

0.5128

−0.2952

(0.0520)*

(0.0256)*

(0.0662)*

(0.1553)**

MA (1)

0.2555

0.3753

1.0787

−0.4544

−0.4414

(0.0290)*

(0.0067)*

(0.0766)*

(−3.940)*

(0.2766)

MA (2)

−0.1343

−0.3723

−0.4646

−0.4203

(0.0344)*

(0.0060)*

(0.0819)*

(0.2267)**

MA (3)

−0.9294

−0.9798

−1.0298

0.3042

(0.0287)*

(0.0072)*

(0.0417)*

(0.2453)

MA (4)

−0.1781

−0.1992

(0.0593)*

(0.0743)*

AIC

−1.128

−1.264

−1.322

−0.966

−1.3435

SIC

−1.055

−1.191

−1.243

−0.92

−1.2638

R²

0.1373

0.1174

0.2167

0.1008

0.1256

Adj R²

0.1296

0.1096

0.2085

0.0981

0.1165