| Dependent variable | Independent variable | F statistic | p value | Whether to reject the original hypothesis |
| LNHP | LNM2 | 22.85464 | 0.0000 | Yes |
| LMRATE | 2.204349 | 0.3321 | No | |
| LNM2 | LNHP | 18.06086 | 0.0001 | Yes |
| LNRATE | 4.449724 | 0.1081 | No | |
| LNRATE | LNHP | 3.071537 | 0.2153 | No |
| LNM2 | 1.548914 | 0.4610 | No |