Tab. 3: Estimation results for the relationship between the retail price index (per
capita expenditures) and the number of sales
|
Endogenous |
Price Index SSM |
Price Index BSM |
Price Index CSM |
Price Index DC | ||||
|
dPRT_1 |
-0,40 |
-4,22 |
-0,53 |
-7,31 |
-0,68 |
-10,50 |
-0,51 |
-6,38 |
|
dPRT_2 |
-0,43 |
-4,84 |
-0,45 |
-6,24 |
-0,62 |
-8,86 |
-0,30 |
-3,85 |
|
dPRT_3 |
-0,15 |
-1,97 |
-0,28 |
-4,35 |
-0,44 |
-6,71 |
-0,34 |
-4,70 |
|
dPRT_4 |
0,01 |
0,16 |
-0,07 |
-1,55 |
-0,11 |
-2,40 |
-0,14 |
-2,59 |
|
Constant |
1087,11 |
4,56 |
560,65 |
3,27 |
164,31 |
1,69 |
696,70 |
4,10 |
|
PRT_1 |
-0,47 |
-4,95 |
-0,25 |
-4,26 |
-0,18 |
-3,99 |
-0,39 |
-4,99 |
|
PWS_1 |
0,32 |
4,17 |
0,22 |
4,23 |
0,26 |
3,63 |
0,27 |
3,57 |
|
dPWS |
0,22 |
0,75 |
-0,14 |
-0,76 |
0,17 |
0,96 |
-0,02 |
-0,06 |
|
dPWS_1 |
-0,53 |
-1,68 |
-0,19 |
-0,94 |
-0,25 |
-1,22 |
0,10 |
0,29 |
|
dPWS_2 |
0,15 |
0,48 |
-0,23 |
-1,16 |
0,06 |
0,30 |
-0,26 |
-0,73 |
|
dPWS_3 |
-0,75 |
-2,41 |
0,11 |
0,56 |
0,03 |
0,16 |
-0,35 |
-0,97 |
|
dPWS_4 |
0,41 |
1,33 |
-0,01 |
-0,07 |
0,05 |
0,26 |
-0,31 |
-0,88 |
|
SM |
-306,58 |
-11,60 |
-359,72 |
-14,20 |
-323,33 |
-12,50 |
-168,77 |
-10,00 |
|
SM_1 |
105,09 |
3,19 |
96,79 |
2,90 |
89,93 |
2,80 |
12,44 |
0,63 |
|
SM_2 |
27,69 |
0,84 |
39,93 |
1,17 |
37,52 |
1,17 |
5,90 |
0,30 |
|
SM_3 |
60,65 |
1,85 |
50,15 |
1,48 |
68,61 |
2,14 |
-18,72 |
-0,94 |
|
SM_4 |
4,78 |
0,15 |
49,11 |
1,43 |
94,20 |
2,93 |
28,56 |
1,46 |
|
SF&V |
-35,95 |
-1,92 |
-42,25 |
-2,13 |
-1,17 |
-0,05 |
-11,74 |
-0,97 |
|
SF&V_1 |
36,99 |
1,84 |
-12,43 |
-0,61 |
-30,30 |
-1,27 |
-10,15 |
-0,82 |
|
SF&V_2 |
-5,58 |
-0,28 |
10,61 |
0,51 |
41,21 |
1,71 |
-16,96 |
-1,38 |
|
SF&V_3 |
-2,61 |
-0,13 |
-18,53 |
-0,90 |
-31,31 |
-1,30 |
13,17 |
1,09 |
|
SF&V_4 |
6,66 |
0,35 |
37,18 |
1,91 |
31,73 |
1,44 |
6,88 |
0,57 |
|
R^2 |
0,73 |
- |
0,71 |
- |
0,73 |
- |
0,64 |
- |
|
DW |
2,01 |
- |
1,99 |
- |
2,08 |
- |
2,05 |
- |
|
AR2: F(2,254)= |
0,65 |
[0,52] |
1,81 |
[0,17] |
2,95 |
[0,05] |
2,33 |
[0,10] |
|
ARCH1: F(1,254)= |
2,11 |
[0,15] |
0,00 |
[0,99] |
1,00 |
[0,32] |
0,17 |
[0,68] |
|
Normality: Chi^2(2)= |
2,40 |
[0,30] |
5,36 |
[0,07] |
9,71 |
[0,01]** |
31,93 |
[0,00]** |
|
Heterosk.: F(53,202)= |
0,84 |
[0,77] |
0,90 |
[0,67] |
0,77 |
[0,87] |
1,08 |
[0,35] |
|
Reset: F(1,255)= |
0,57 |
[0,45] |
2,10 |
[0,15] |
0,80 |
[0,37] |
0,07 |
[0,79] |
|
ΣSM=0: Chi^2(1)= |
2,86 |
[0,09] |
6,17 |
[0,01]* |
0,47 |
[0,50] |
15,43 |
[0,00]** |
|
ΣSF&V=0: Chi^2(1)= |
0,00 |
[0,99] |
0,94 |
[0,33] |
0,19 |
[0,66] |
1,12 |
[0,29] |
Legend: Calculations are run with Ox 3.0 and PcGive 10.0 (Doornik and Hendry, 2001). Estimates for the seasonal
components are not documented here.
Source: Data by ZMP, 2001.
11
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