Maximum-Likelihood Estimates of the Model

Log Likelihood

15.690

Observations

42

Total R²

0.9875

Transformed R²

0.9913

Parameter Estimates

Variable

Estimate

t Value

Pr > |t|

Intercept

1.4300

3.37

0.0019

Time (in month)

0.0534

5.11

<0.0001***

Tax Policy

−0.2117

−1.89

0.0671

Time after Tax Policy

0.0891

8.36

<0.0001***

Price Ratio

−0.7536

−3.05

0.0044**

AR2

−0.2854

−2.06

0.0468

AR5

0.3545

2.52

0.0167

AR6

0.4145

2.70

0.0106