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 |