Result of the short-term estimate

Variables

Coefficients

T-statistics

D(EXPC(−1))

0.078790

[0.48556]

D(EXPC(−2))

0.179292

[1.13773]

D(EXPC(−3))

0.267469

[1.68725]

D(FDI(−1))

−0.408367*

[−2.94003]

D(FDI(−2))

−0.154546

[−0.89924]

D(FDI(−3))

−0.087280

[−0.58891]

D(FBCF(−1))

−0.547368

[−1.76522]

D(FBCF(−2))

0.907453*

[1.82031]

D(FBCF(−3))

0.079438

[0.21836]

D(POPCO(−1))

363.9343

[1.31595]

D(POPCO(−2))

−358.5166*

[−3.60964]

D(POPCO(−3))

−739.2501*

[−2.23278]

Recall force

– 0.421731*

[−5.14817]

R²

0.76

Result of the long−term estimate

FDI

−0.764633*

[−5.14817]

FBCF

−3.282526*

[5.40305]

POPCO

5.951784*

[−12.2624]