Dummy variables

Significant level 5%

Significant level 10%

No. of significant

No. of significant and positive

No. of significant and negative

No. of significant

No. of significant and positive

No. of significant and negative

b1

31

18

13

40

24

16

b2

50

4

46

67

7

60

b3

26

16

10

48

27

21

b4

38

16

22

50

20

30

b5

34

11

23

52

14

38

Total

179

65

114

257

92

165