Table 2 SBIC for Model Selection
|
Linear Model |
Log-linear Model | |
|
Without Dummies | ||
|
Lag = 0 |
19904.5 |
-3702.85 |
|
Lag = 1 |
19900.7 |
-3709.04 |
|
Lag = 2 |
19911.0 |
-3701.22 |
|
Lag = 3 |
19922.3 |
-3690.84 |
|
Lag = 4 |
19933.2 |
-3683.38 |
|
Lag = 5 |
19943.8 |
-3672.27 |
|
With Individual Dummy | ||
|
Lag = 0 |
20133.3 |
-3544.78 |
|
Lag = 1 |
20134.3 |
-3557.78 |
|
Lag = 2 |
20137.2 |
-3548.42 |
|
Lag = 3 |
20142.5 |
-3539.28 |
|
Lag = 4 |
20151.2 |
-3538.62 |
|
Lag = 5 |
20153.7 |
-3525.31 |
|
With Time Dummy | ||
|
Lag = 0 |
19581.9 |
-4004.08 |
|
Lag = 1 |
19587.0 |
-3998.87 |
|
Lag = 2 |
19592.6 |
-3991.41 |
|
Lag = 3 |
19602.6 |
-3980.79 |
|
Lag = 4 |
19613.9 |
-3969.87 |
|
Lag = 5 |
19624.6 |
-3959.11 |
|
With Individual & Time Dummies | ||
|
Lag = 0 |
19801.7 |
-3830.26 |
|
Lag = 1 |
19812.7 |
-3819.33 |
|
Lag = 2 |
19808.0 |
-3824.41 |
|
Lag = 3 |
19811.0 |
-3824.02 |
|
Lag = 4 |
19819.4 |
-3824.31 |
|
Lag = 5_____________________ |
19820.3__________ |
__________-3832.20__________ |
Note: Minimum SBIC cases are indicated in bold face type in each model.
12
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