Maximum-Likelihood Estimates of the Model

Log Likelihood

82.009

Observations

42

Total R²

0.9049

Transformed R²

0.9549

Parameter Estimates

Variable

Estimate

t Value

Pr > |t|

Intercept

0.3264

3.97

0.0003

Time (in month)

0.0024

1.71

0.0951

Tax Policy

−0.0125

−0.82

0.4187

Time after Tax Policy

0.0069

4.68

<0.0001***

Price Ratio

−0.1851

−3.86

0.0005***

AR1

0.6048

4.43

<0.0001