The Model 153
TABLE 6.15 (Continued)
1972 1973 1974 1975Variable Coeff T-Stat Coeff T-Stat Coeff T-Stat Coeff T-Stat
Intercept 0.133 7.66 0.164 8.49 0.178 8.03 0.143 10.92
PKL –0.015 –0.35 0.059 1.08 0.112 2.09 0.1 3.22
CAK –0.193 –6.63 –0.277 –9 –0.288 –9.06 –0.243 –11.01
D2sales 0.02 1.13 0.077 2.34 –0.021 –0.57 –0.002 –0.1
DS 0.073 0.63 –1.022 –4.95 –1.679 –4.28 –0.64 –3.16
FS 1.41 9.49 0.199 4.68 0.386 3.75 0.578 6.02
RDS 0.332 1.63 0.719 2.78 0.881 3.29 0.608 3.38
F-Statistic 45.74 18.02 15.57 32.38
Adj R2 0.53 0.26 0.23 0.38
1976 1977 1978 1979Variable Coeff T-Stat Coeff T-Stat Coeff T-Stat Coeff T-Stat
Intercept 0.088 6.45 0.091 4.69 0.08 6.48 0.022 1.03
PKL 0.095 2.47 –0.056 –1.21 0.108 3.59 –0.166 –3.08
CAK –0.127 –6.08 –0.104 –3.79 –0.133 –7.88 –0.021 –1.31
D2sales 0.013 0.47 –0.113 –3.18 0.007 0.4 0.192 5.19
DS –0.929 –4.06 2.499 6.91 –0.683 –4.2 2.258 7.16
FS 1.039 12.52 1.605 10.33 1.151 17.37 1.248 9.24
RDS 0.659 3.48 0.965 4.18 0.467 3.25 0.119 0.5
F-Statistic 53.38 31.37 93.59 21.04
Adj R2 0.48 0.34 0.62 0.26
1980 1981 1982 1983Variable Coeff T-Stat Coeff T-Stat Coeff T-Stat Coeff T-Stat
Intercept 0.077 5.9 0.06 2.54 0.121 7.49 –0.013 –0.78
PKL 0.101 3.1 0.167 2.46 –0.006 –0.13 0.255 4.25
CAK –0.111 –5 0.002 0.05 –0.156 –6.21 –0.012 –1.93
D2sales –0.032 –1.53 –0.275 –5.37 0.062 2.91 –0.065 –3.22
DS –0.597 –2.84 –0.676 –1.16 0.359 1.42 0.361 0.79
FS 1.606 9.27 1.883 9.87 0.062 0.48 1.064 9.29
RDS 0.307 1.67 0.273 1.15 0.515 3.64 0.35 2.84
F-Statistic 28.13 29.39 15.98 17.24
Adj R2 0.32 0.33 0.2 0.22
(Continued)