TSP Version 5.0 ( 4/05/05) Windows32 4MB Copyright (C) 2005 TSP International ALL RIGHTS RESERVED 05/26/09 8:45 AM In case of questions or problems, see your local TSP consultant or send a description of the problem and the associated TSP output to: TSP International P.O. Box 61015 Palo Alto, CA 94306 USA PROGRAM COMMAND *************************************************************** 1 freq n; 2 smpl 1 47; 3 read cons; 3 11625708 2254949 2552854 4434573 2224316 2110082 3678906 5539465 4029084 3869808 3 14359000 13076524 34239144 19694526 4549229 2017223 2320477 1569173 1760518 4387259 3 3899377 7653914 18023768 3699554 2688210 5197987 20192992 11208156 2680955 1837353 3 1181142 1313058 3811649 5855946 2809765 1429826 1976218 2562876 1428244 9203241 3 1480637 2287968 3228653 2223041 1904849 3064273 1961853; 4 read income; 4 20335338 4886679 5035152 8967912 4060913 4731231 8744786 11917336 9017251 8211037 4 28580229 24716441 88824721 40938251 9777312 5012902 4956987 3635707 3444257 9219762 4 8441569 17768055 39463632 9143962 6526162 10952891 40028981 23521605 5138805 3694338 4 2160728 2651564 8087961 12928549 6047174 2913825 3938745 5198992 2431561 19215360 4 3081466 4802743 6457789 4864245 3741909 5782441 4258849; 5 ? print cons income; 5 olsq cons c income; 6 read d13; 6 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0; 7 olsq cons c income d13; 8 lcons=log(cons); 9 lincome=log(income); 10 olsq lcons c lincome; 11 olsq lcons c lincome d13; 12 read d0107 d0814 d1524 d2530 d3135 d3639 d4047; 12 1 0 0 0 0 0 0 12 1 0 0 0 0 0 0 12 1 0 0 0 0 0 0 12 1 0 0 0 0 0 0 12 1 0 0 0 0 0 0 12 1 0 0 0 0 0 0 12 1 0 0 0 0 0 0 12 0 1 0 0 0 0 0 12 0 1 0 0 0 0 0 12 0 1 0 0 0 0 0 12 0 1 0 0 0 0 0 12 0 1 0 0 0 0 0 12 0 1 0 0 0 0 0 12 0 1 0 0 0 0 0 12 0 0 1 0 0 0 0 12 0 0 1 0 0 0 0 12 0 0 1 0 0 0 0 12 0 0 1 0 0 0 0 12 0 0 1 0 0 0 0 12 0 0 1 0 0 0 0 12 0 0 1 0 0 0 0 12 0 0 1 0 0 0 0 12 0 0 1 0 0 0 0 12 0 0 1 0 0 0 0 12 0 0 0 1 0 0 0 12 0 0 0 1 0 0 0 12 0 0 0 1 0 0 0 12 0 0 0 1 0 0 0 12 0 0 0 1 0 0 0 12 0 0 0 1 0 0 0 12 0 0 0 0 1 0 0 12 0 0 0 0 1 0 0 12 0 0 0 0 1 0 0 12 0 0 0 0 1 0 0 12 0 0 0 0 1 0 0 12 0 0 0 0 0 1 0 12 0 0 0 0 0 1 0 12 0 0 0 0 0 1 0 12 0 0 0 0 0 1 0 12 0 0 0 0 0 0 1 12 0 0 0 0 0 0 1 12 0 0 0 0 0 0 1 12 0 0 0 0 0 0 1 12 0 0 0 0 0 0 1 12 0 0 0 0 0 0 1 12 0 0 0 0 0 0 1 12 0 0 0 0 0 0 1; 13 ? print d0107 d0814 d1524 d2530 d3135 d3639 d4047; 13 olsq lcons lincome c d0107 d0814 d1524 d2530 d3135 d3639; 14 olsq lcons c lincome d0107; 15 olsq lcons c lincome d1524; 16 olsq lcons c lincome d2530; 17 olsq lcons c lincome d3135; 18 olsq lcons c lincome d3639; 19 olsq lcons c lincome d4047; 20 end; EXECUTION ******************************************************************************* Current sample: 1 to 47 Equation 1 ============ Method of estimation = Ordinary Least Squares Dependent variable: CONS Current sample: 1 to 47 Number of observations: 47 Mean of dep. var. = .564039E+07 LM het. test = 37.2850 [.000] Std. dev. of dep. var. = .649012E+07 Durbin-Watson = 2.30284 [<.873] Sum of squared residuals = .445740E+14 Jarque-Bera test = 58.3367 [.000] Variance of residuals = .990533E+12 Ramsey's RESET2 = 135.406 [.000] Std. error of regression = 995255. F (zero slopes) = 1911.11 [.000] R-squared = .976995 Schwarz B.I.C. = 718.624 Adjusted R-squared = .976484 Log likelihood = -714.774 Estimated Standard Variable Coefficient Error t-statistic P-value C 527157. 186429. 2.82765 [.007] INCOME .422910 .967396E-02 43.7163 [.000] Equation 2 ============ Method of estimation = Ordinary Least Squares Dependent variable: CONS Current sample: 1 to 47 Number of observations: 47 Mean of dep. var. = .564039E+07 LM het. test = .980998 [.322] Std. dev. of dep. var. = .649012E+07 Durbin-Watson = 1.02660 [<.001] Sum of squared residuals = .943171E+13 Jarque-Bera test = 49.1003 [.000] Variance of residuals = .214357E+12 Ramsey's RESET2 = .123363 [.727] Std. error of regression = 462987. F (zero slopes) = 4497.55 [.000] R-squared = .995132 Schwarz B.I.C. = 684.052 Adjusted R-squared = .994911 Log likelihood = -678.276 Estimated Standard Variable Coefficient Error t-statistic P-value C -78285.3 98778.8 -.792532 [.432] INCOME .489036 .685015E-02 71.3906 [.000] D13 -.912108E+07 712361. -12.8040 [.000] Equation 3 ============ Method of estimation = Ordinary Least Squares Dependent variable: LCONS Current sample: 1 to 47 Number of observations: 47 Mean of dep. var. = 15.1414 LM het. test = .737766 [.390] Std. dev. of dep. var. = .828831 Durbin-Watson = 1.68718 [<.166] Sum of squared residuals = .330007 Jarque-Bera test = .679968E-02 [.997] Variance of residuals = .733349E-02 Ramsey's RESET2 = .628962 [.432] Std. error of regression = .085636 F (zero slopes) = 4264.02 [.000] R-squared = .989557 Schwarz B.I.C. = -45.9913 Adjusted R-squared = .989325 Log likelihood = 49.8414 Estimated Standard Variable Coefficient Error t-statistic P-value C -.313900 .237012 -1.32441 [.192] LINCOME .973203 .014904 65.2995 [.000] Equation 4 ============ Method of estimation = Ordinary Least Squares Dependent variable: LCONS Current sample: 1 to 47 Number of observations: 47 Mean of dep. var. = 15.1414 LM het. test = .470241 [.493] Std. dev. of dep. var. = .828831 Durbin-Watson = 1.44877 [<.052] Sum of squared residuals = .302312 Jarque-Bera test = .139113 [.933] Variance of residuals = .687074E-02 Ramsey's RESET2 = 9.86947 [.003] Std. error of regression = .082890 F (zero slopes) = 2277.62 [.000] R-squared = .990433 Schwarz B.I.C. = -46.1261 Adjusted R-squared = .989998 Log likelihood = 51.9013 Estimated Standard Variable Coefficient Error t-statistic P-value C -.526491 .252671 -2.08370 [.043] LINCOME .986839 .015945 61.8915 [.000] D13 -.185927 .092608 -2.00768 [.051] Equation 5 ============ Method of estimation = Ordinary Least Squares Dependent variable: LCONS Current sample: 1 to 47 Number of observations: 47 Mean of dep. var. = 15.1414 LM het. test = 1.92093 [.166] Std. dev. of dep. var. = .828831 Durbin-Watson = 1.98993 [<.847] Sum of squared residuals = .275139 Jarque-Bera test = .257583 [.879] Variance of residuals = .705485E-02 Ramsey's RESET2 = .103732 [.749] Std. error of regression = .083993 F (zero slopes) = 634.316 [.000] R-squared = .991293 Schwarz B.I.C. = -38.7140 Adjusted R-squared = .989730 Log likelihood = 54.1146 Estimated Standard Variable Coefficient Error t-statistic P-value LINCOME .983786 .018515 53.1338 [.000] C -.469915 .288853 -1.62683 [.112] D0107 .012230 .043680 .279982 [.781] D0814 -.018184 .050374 -.360975 [.720] D1524 -.070958 .040563 -1.74933 [.088] D2530 -.257725E-02 .046888 -.054967 [.956] D3135 -.301604E-02 .047898 -.062968 [.950] D3639 .053839 .052130 1.03278 [.308] Equation 6 ============ Method of estimation = Ordinary Least Squares Dependent variable: LCONS Current sample: 1 to 47 Number of observations: 47 Mean of dep. var. = 15.1414 LM het. test = .577918 [.447] Std. dev. of dep. var. = .828831 Durbin-Watson = 1.72915 [<.252] Sum of squared residuals = .325681 Jarque-Bera test = .107465 [.948] Variance of residuals = .740183E-02 Ramsey's RESET2 = .888518 [.351] Std. error of regression = .086034 F (zero slopes) = 2112.62 [.000] R-squared = .989694 Schwarz B.I.C. = -44.3763 Adjusted R-squared = .989225 Log likelihood = 50.1516 Estimated Standard Variable Coefficient Error t-statistic P-value C -.329927 .239035 -1.38024 [.174] LINCOME .973959 .015006 64.9064 [.000] D0107 .027007 .035325 .764517 [.449] Equation 7 ============ Method of estimation = Ordinary Least Squares Dependent variable: LCONS Current sample: 1 to 47 Number of observations: 47 Mean of dep. var. = 15.1414 LM het. test = 1.54381 [.214] Std. dev. of dep. var. = .828831 Durbin-Watson = 1.93872 [<.520] Sum of squared residuals = .286659 Jarque-Bera test = .013186 [.993] Variance of residuals = .651497E-02 Ramsey's RESET2 = .201459 [.656] Std. error of regression = .080715 F (zero slopes) = 2403.20 [.000] R-squared = .990929 Schwarz B.I.C. = -47.3755 Adjusted R-squared = .990516 Log likelihood = 53.1507 Estimated Standard Variable Coefficient Error t-statistic P-value C -.315523 .223395 -1.41240 [.165] LINCOME .974300 .014054 69.3265 [.000] D1524 -.074239 .028781 -2.57947 [.013] Equation 8 ============ Method of estimation = Ordinary Least Squares Dependent variable: LCONS Current sample: 1 to 47 Number of observations: 47 Mean of dep. var. = 15.1414 LM het. test = .591421 [.442] Std. dev. of dep. var. = .828831 Durbin-Watson = 1.70087 [<.222] Sum of squared residuals = .328929 Jarque-Bera test = .045429 [.978] Variance of residuals = .747566E-02 Ramsey's RESET2 = .664337 [.420] Std. error of regression = .086462 F (zero slopes) = 2091.54 [.000] R-squared = .989591 Schwarz B.I.C. = -44.1431 Adjusted R-squared = .989118 Log likelihood = 49.9183 Estimated Standard Variable Coefficient Error t-statistic P-value C -.304133 .240677 -1.26366 [.213] LINCOME .972472 .015170 64.1041 [.000] D2530 .014469 .038101 .379752 [.706] Equation 9 ============ Method of estimation = Ordinary Least Squares Dependent variable: LCONS Current sample: 1 to 47 Number of observations: 47 Mean of dep. var. = 15.1414 LM het. test = .773777 [.379] Std. dev. of dep. var. = .828831 Durbin-Watson = 1.68626 [<.208] Sum of squared residuals = .329889 Jarque-Bera test = .675638E-02 [.997] Variance of residuals = .749747E-02 Ramsey's RESET2 = .597990 [.444] Std. error of regression = .086588 F (zero slopes) = 2085.39 [.000] R-squared = .989561 Schwarz B.I.C. = -44.0746 Adjusted R-squared = .989086 Log likelihood = 49.8499 Estimated Standard Variable Coefficient Error t-statistic P-value C -.319812 .244229 -1.30947 [.197] LINCOME .973540 .015307 63.6012 [.000] D3135 .522410E-02 .041609 .125551 [.901] Equation 10 ============ Method of estimation = Ordinary Least Squares Dependent variable: LCONS Current sample: 1 to 47 Number of observations: 47 Mean of dep. var. = 15.1414 LM het. test = 1.50270 [.220] Std. dev. of dep. var. = .828831 Durbin-Watson = 1.71174 [<.234] Sum of squared residuals = .314299 Jarque-Bera test = .012478 [.994] Variance of residuals = .714315E-02 Ramsey's RESET2 = .192923 [.663] Std. error of regression = .084517 F (zero slopes) = 2189.92 [.000] R-squared = .990054 Schwarz B.I.C. = -45.2123 Adjusted R-squared = .989602 Log likelihood = 50.9875 Estimated Standard Variable Coefficient Error t-statistic P-value C -.428182 .246284 -1.73857 [.089] LINCOME .980031 .015413 63.5851 [.000] D3639 .068652 .046295 1.48293 [.145] Equation 11 ============ Method of estimation = Ordinary Least Squares Dependent variable: LCONS Current sample: 1 to 47 Number of observations: 47 Mean of dep. var. = 15.1414 LM het. test = .684466 [.408] Std. dev. of dep. var. = .828831 Durbin-Watson = 1.69972 [<.221] Sum of squared residuals = .329330 Jarque-Bera test = .019115 [.990] Variance of residuals = .748478E-02 Ramsey's RESET2 = .631375 [.431] Std. error of regression = .086515 F (zero slopes) = 2088.96 [.000] R-squared = .989578 Schwarz B.I.C. = -44.1144 Adjusted R-squared = .989104 Log likelihood = 49.8897 Estimated Standard Variable Coefficient Error t-statistic P-value C -.330019 .245374 -1.34496 [.186] LINCOME .974108 .015354 63.4415 [.000] D4047 .010294 .034243 .300624 [.765] ******************************************************************************* END OF OUTPUT. MEMORY USAGE: ITEM: DATA ARRAY TOTAL MEMORY UNITS: (4-BYTE WORDS) (MEGABYTES) MEMORY ALLOCATED : 500000 4.0 MEMORY ACTUALLY REQUIRED : 4775 2.1 CURRENT VARIABLE STORAGE : 2406