| Variables | Coefficient | Std. Error | t-Statistics | Probability |
| C | 61.03251 | 64.87871 | 0.940717 | 0.3535 |
| AVAT | 1.779831** | 0.778794 | 2.285367 | 0.0286 |
| ACIT | 0.237674 | 0.136675 | 1.738966 | 0.0911 |
| ACED | 4.110139** | 1.219937 | 3.369140 | 0.0019 |
| APPT | −0.159701** | 0.057108 | −2.796449 | 0.0084 |