LOG(XN) = 1.39999580363 * LOG(XN(−1)) − 0.324846615845 * LOG(XN(−2)) − 0.18190027768 * LOG(XN(−3)) + 0.0324272337436 * RER − 0.00569744857525 * LOG(YF) − 0.0076016998432 * LOG(YF(−1)) + 0.000218229060879 * LOG(YF(−2)) + 0.000281155770049 * LOG(YN) − 0.000541758175011 * LOG(YN(−1)) + 0.116489919066 * LOG(YN(−2)) − 0.0647384706743

@INNOV XN 0.8183643748