LAMPIRAN
1.
Output Stasioneritas Variabel pada Tingkat First Difference
RIND
First Difference
Null Hypothesis: D(RIND) has a unit root Exogenous: Constant
Lag Length: 0 (Automatic - based on SIC, maxlag=11)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -3.552818 0.0086
Test critical values: 1% level -3.501445
5% level -2.892536
10% level -2.583371
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation Dependent Variable: D(RIND,2) Method: Least Squares
Date: 09/29/14 Time: 20:51
Sample (adjusted): 2006M03 2013M12 Included observations: 94 after adjustments
Variable Coefficient Std. Error t-Statistic Prob.
D(RIND(-1)) -0.241296 0.067917 -3.552818 0.0006
C -0.013477 0.014756 -0.913270 0.3635
R-squared 0.120648 Mean dependent var 0.000000
Adjusted R-squared 0.111090 S.D. dependent var 0.146647
S.E. of regression 0.138262 Akaike info criterion -1.098288
Sum squared resid 1.758704 Schwarz criterion -1.044175
Log likelihood 53.61951 Hannan-Quinn criter. -1.076430
F-statistic 12.62251 Durbin-Watson stat 1.987053
RCIN
First Difference
Null Hypothesis: D(RCIN) has a unit root Exogenous: Constant
Lag Length: 0 (Automatic - based on SIC, maxlag=11)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -8.344753 0.0000
Test critical values: 1% level -3.501445
5% level -2.892536
10% level -2.583371
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation Dependent Variable: D(RCIN,2) Method: Least Squares
Date: 09/29/14 Time: 20:51
Sample (adjusted): 2006M03 2013M12 Included observations: 94 after adjustments
Variable Coefficient Std. Error t-Statistic Prob.
D(RCIN(-1)) -0.861632 0.103254 -8.344753 0.0000
C -0.000733 0.015459 -0.047436 0.9623
R-squared 0.430816 Mean dependent var 4.15E-18
Adjusted R-squared 0.424629 S.D. dependent var 0.197588
S.E. of regression 0.149877 Akaike info criterion -0.936963
Sum squared resid 2.066593 Schwarz criterion -0.882850
Log likelihood 46.03726 Hannan-Quinn criter. -0.915106
F-statistic 69.63490 Durbin-Watson stat 1.994589
RJEP
First Difference
Null Hypothesis: D(RJEP) has a unit root Exogenous: Constant
Lag Length: 0 (Automatic - based on SIC, maxlag=11)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -5.820292 0.0000
Test critical values: 1% level -3.501445
5% level -2.892536
10% level -2.583371
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation Dependent Variable: D(RJEP,2) Method: Least Squares
Date: 09/29/14 Time: 22:34
Sample (adjusted): 2006M03 2013M12 Included observations: 94 after adjustments
Variable Coefficient Std. Error t-Statistic Prob.
D(RJEP(-1)) -0.538242 0.092477 -5.820292 0.0000
C -0.000172 0.003256 -0.052764 0.9580
R-squared 0.269121 Mean dependent var 2.84E-19
Adjusted R-squared 0.261176 S.D. dependent var 0.036720
S.E. of regression 0.031563 Akaike info criterion -4.052618
Sum squared resid 0.091652 Schwarz criterion -3.998506
Log likelihood 192.4731 Hannan-Quinn criter. -4.030761
F-statistic 33.87580 Durbin-Watson stat 1.902786
RKSL
First Difference
Null Hypothesis: D(RKSL) has a unit root Exogenous: Constant
Lag Length: 0 (Automatic - based on SIC, maxlag=11)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -3.889522 0.0031
Test critical values: 1% level -3.501445
5% level -2.892536
10% level -2.583371
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation Dependent Variable: D(RKSL,2) Method: Least Squares
Date: 09/29/14 Time: 20:55
Sample (adjusted): 2006M03 2013M12 Included observations: 94 after adjustments
Variable Coefficient Std. Error t-Statistic Prob.
D(RKSL(-1)) -0.276003 0.070961 -3.889522 0.0002
C -0.005556 0.012675 -0.438318 0.6622
R-squared 0.141217 Mean dependent var -0.001915
Adjusted R-squared 0.131883 S.D. dependent var 0.131536
S.E. of regression 0.122556 Akaike info criterion -1.339457
Sum squared resid 1.381829 Schwarz criterion -1.285344
Log likelihood 64.95446 Hannan-Quinn criter. -1.317599
F-statistic 15.12838 Durbin-Watson stat 1.879898
RMAL
First Difference
Null Hypothesis: D(RMAL) has a unit root Exogenous: Constant
Lag Length: 0 (Automatic - based on SIC, maxlag=11)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -9.250776 0.0000
Test critical values: 1% level -3.501445
5% level -2.892536
10% level -2.583371
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation Dependent Variable: D(RMAL,2) Method: Least Squares
Date: 09/29/14 Time: 20:56
Sample (adjusted): 2006M03 2013M12 Included observations: 94 after adjustments
Variable Coefficient Std. Error t-Statistic Prob.
D(RMAL(-1)) -0.963799 0.104186 -9.250776 0.0000
C -0.000927 0.015105 -0.061347 0.9512
R-squared 0.481914 Mean dependent var -0.000106
Adjusted R-squared 0.476283 S.D. dependent var 0.202360
S.E. of regression 0.146444 Akaike info criterion -0.983297
Sum squared resid 1.973025 Schwarz criterion -0.929184
Log likelihood 48.21495 Hannan-Quinn criter. -0.961439
F-statistic 85.57685 Durbin-Watson stat 1.971835
RTHA
First Difference
Null Hypothesis: D(RTHA) has a unit root Exogenous: Constant
Lag Length: 0 (Automatic - based on SIC, maxlag=11)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -8.264321 0.0000
Test critical values: 1% level -3.501445
5% level -2.892536
10% level -2.583371
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation Dependent Variable: D(RTHA,2) Method: Least Squares
Date: 09/29/14 Time: 20:57
Sample (adjusted): 2006M03 2013M12 Included observations: 94 after adjustments
Variable Coefficient Std. Error t-Statistic Prob.
D(RTHA(-1)) -0.852145 0.103111 -8.264321 0.0000
C -0.018131 0.024368 -0.744035 0.4588
R-squared 0.426073 Mean dependent var 0.000000
Adjusted R-squared 0.419834 S.D. dependent var 0.308918
S.E. of regression 0.235298 Akaike info criterion -0.034878
Sum squared resid 5.093606 Schwarz criterion 0.019234
Log likelihood 3.639286 Hannan-Quinn criter. -0.013021
RSGP
First Difference
Null Hypothesis: D(RSGP) has a unit root Exogenous: Constant
Lag Length: 0 (Automatic - based on SIC, maxlag=11)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -9.870000 0.0000
Test critical values: 1% level -3.501445
5% level -2.892536
10% level -2.583371
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation Dependent Variable: D(RSGP,2) Method: Least Squares
Date: 09/29/14 Time: 20:58
Sample (adjusted): 2006M03 2013M12 Included observations: 94 after adjustments
Variable Coefficient Std. Error t-Statistic Prob.
D(RSGP(-1)) -1.026875 0.104040 -9.870000 0.0000
C -0.031442 0.017764 -1.769923 0.0801
R-squared 0.514299 Mean dependent var -0.000745
Adjusted R-squared 0.509020 S.D. dependent var 0.242004
S.E. of regression 0.169572 Akaike info criterion -0.690026
Sum squared resid 2.645443 Schwarz criterion -0.635913
Log likelihood 34.43122 Hannan-Quinn criter. -0.668168
F-statistic 97.41690 Durbin-Watson stat 2.005215
Prob(F-statistic) 0.000000
RFIL
First Difference
Null Hypothesis: D(RFIL) has a unit root Exogenous: Constant
Lag Length: 0 (Automatic - based on SIC, maxlag=11)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -8.334738 0.0000
Test critical values: 1% level -3.501445
5% level -2.892536
10% level -2.583371
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation Dependent Variable: D(RFIL,2)
Method: Least Squares Date: 09/29/14 Time: 20:59
Sample (adjusted): 2006M03 2013M12 Included observations: 94 after adjustments
Variable Coefficient Std. Error t-Statistic Prob.
D(RFIL(-1)) -0.860454 0.103237 -8.334738 0.0000
C -0.036615 0.023219 -1.576931 0.1182
S.E. of regression 0.221053 Akaike info criterion -0.159786
Sum squared resid 4.495508 Schwarz criterion -0.105673
Log likelihood 9.509938 Hannan-Quinn criter. -0.137928
2.
Output Lag length
VAR Lag Order Selection Criteria
Endogenous variables: RJEP RKSL RMAL RCIN RFIL RIND RTHA RSGP Exogenous variables: C
Date: 09/29/14 Time: 21:16 Sample: 2006M01 2013M12 Included observations: 91
Lag LogL LR FPE AIC SC HQ
0 -253.0826 NA 4.29e-08 5.738078 5.958813 5.827131
1 566.9864* 1477.926* 2.62e-15* -10.87882* -8.892207* -10.07735*
2 659.9842 151.2492 1.43e-15 -11.51614 -7.763643 -10.00224
3 742.5779 119.8063 1.03e-15 -11.92479 -6.406417 -9.698470
4 810.8616 87.04299 1.10e-15 -12.01894 -4.734686 -9.080195
5 884.2168 80.61005 1.18e-15 -12.22454 -3.174414 -8.573381
* indicates lag order selected by the criterion
LR: sequential modified LR test statistic (each test at 5% level) FPE: Final prediction error
3.
Output Uji Granger Causality
Pairwise Granger Causality Tests Date: 09/29/14 Time: 21:21 Sample: 2006M01 2013M12 Lags: 1
Null Hypothesis: Obs F-Statistic Prob.
RFIL does not Granger Cause RCIN 95 0.02904 0.8651
RCIN does not Granger Cause RFIL 6.21692 0.0144
RIND does not Granger Cause RCIN 95 0.17353 0.6780
RCIN does not Granger Cause RIND 26.7394 1.E-06
RJEP does not Granger Cause RCIN 95 0.72970 0.3952
RCIN does not Granger Cause RJEP 0.06369 0.8013
RKSL does not Granger Cause RCIN 95 2.63126 0.1082
RCIN does not Granger Cause RKSL 0.01311 0.9091
RMAL does not Granger Cause RCIN 95 0.06642 0.7972
RCIN does not Granger Cause RMAL 4.28110 0.0413
RSGP does not Granger Cause RCIN 95 0.81960 0.3677
RCIN does not Granger Cause RSGP 0.75523 0.3871
RTHA does not Granger Cause RCIN 95 0.46474 0.4971
RCIN does not Granger Cause RTHA 0.07258 0.7882
RIND does not Granger Cause RFIL 95 6.99969 0.0096
RFIL does not Granger Cause RIND 6.20516 0.0145
RJEP does not Granger Cause RFIL 95 0.18995 0.6640
RFIL does not Granger Cause RJEP 8.84582 0.0038
RKSL does not Granger Cause RFIL 95 0.99292 0.3216
RFIL does not Granger Cause RKSL 0.61544 0.4348
RMAL does not Granger Cause RFIL 95 0.14726 0.7021
RFIL does not Granger Cause RMAL 6.89290 0.0101
RSGP does not Granger Cause RFIL 95 4.52203 0.0361
RFIL does not Granger Cause RSGP 0.86003 0.3562
RTHA does not Granger Cause RFIL 95 6.40899 0.0131
RFIL does not Granger Cause RTHA 0.12965 0.7196
RJEP does not Granger Cause RIND 95 1.74810 0.1894
RKSL does not Granger Cause RIND 95 4.00745 0.0482
RIND does not Granger Cause RKSL 0.00610 0.9379
RMAL does not Granger Cause RIND 95 0.59171 0.4437
RIND does not Granger Cause RMAL 7.21678 0.0086
RSGP does not Granger Cause RIND 95 0.60329 0.4393
RIND does not Granger Cause RSGP 2.67171 0.1056
RTHA does not Granger Cause RIND 95 0.01383 0.9066
RIND does not Granger Cause RTHA 0.40324 0.5270
RKSL does not Granger Cause RJEP 95 6.43270 0.0129
RJEP does not Granger Cause RKSL 1.37417 0.2441
RMAL does not Granger Cause RJEP 95 3.59941 0.0609
RJEP does not Granger Cause RMAL 0.67735 0.4126
RSGP does not Granger Cause RJEP 95 20.8272 2.E-05
RJEP does not Granger Cause RSGP 5.74141 0.0186
RTHA does not Granger Cause RJEP 95 11.0170 0.0013
RJEP does not Granger Cause RTHA 2.56986 0.1123
RMAL does not Granger Cause RKSL 95 2.34833 0.1288
RKSL does not Granger Cause RMAL 8.28621 0.0050
RSGP does not Granger Cause RKSL 95 6.49013 0.0125
RKSL does not Granger Cause RSGP 1.93710 0.1673
RTHA does not Granger Cause RKSL 95 2.19614 0.1418
RKSL does not Granger Cause RTHA 0.00211 0.9635
RSGP does not Granger Cause RMAL 95 6.76000 0.0109
RMAL does not Granger Cause RSGP 0.28374 0.5955
RTHA does not Granger Cause RMAL 95 9.31534 0.0030
RMAL does not Granger Cause RTHA 1.30470 0.2563
RTHA does not Granger Cause RSGP 95 0.71003 0.4016
4.
Output Estimasi VAR
Vector Autoregression Estimates Date: 09/29/14 Time: 22:51
Sample (adjusted): 2006M06 2013M12 Included observations: 91 after adjustments Standard errors in ( ) & t-statistics in [ ]
DRCIN DRFIL DRIND DRJEP DRKSL DRMAL DRSGP DRTHA
DRCIN(-1) 0.780303 0.176747 0.215989 0.818448 0.407776 0.065605 0.263526 -0.192291
(0.09108) (0.08673) (0.04079) (0.29518) (0.10292) (0.11182) (0.29360) (0.17561)
[ 8.56753] [ 2.03793] [ 5.29513] [ 2.77276] [ 3.96201] [ 0.58668] [ 0.89758] [-1.09497]
DRFIL(-1) -0.084326 0.890728 -0.040054 0.393029 0.202277 0.005087 0.267224 -0.054735
(0.06198) (0.05903) (0.02776) (0.20089) (0.07005) (0.07610) (0.19982) (0.11952)
[-1.36044] [ 15.0906] [-1.44282] [ 1.95645] [ 2.88779] [ 0.06684] [ 1.33735] [-0.45797]
DRIND(-1) -0.047366 0.106009 0.946410 -0.462217 -0.351267 0.036977 -0.277388 -0.043059
(0.06783) (0.06459) (0.03038) (0.21982) (0.07665) (0.08328) (0.21865) (0.13078)
[-0.69835] [ 1.64132] [ 31.1556] [-2.10271] [-4.58294] [ 0.44403] [-1.26867] [-0.32924]
DRJEP(-1) -0.006222 0.003899 -0.014988 0.616695 -0.055436 0.006278 -0.039562 -0.106021
(0.01414) (0.01346) (0.00633) (0.04583) (0.01598) (0.01736) (0.04558) (0.02726)
[-0.44002] [ 0.28954] [-2.36676] [ 13.4574] [-3.46944] [ 0.36161] [-0.86795] [-3.88874]
DRKSL(-1) 0.079373 -0.062782 0.009454 0.300849 0.931512 -0.015470 -0.166290 0.536741
(0.06018) (0.05731) (0.02695) (0.19505) (0.06801) (0.07389) (0.19400) (0.11604)
[ 1.31889] [-1.09550] [ 0.35077] [ 1.54245] [ 13.6970] [-0.20936] [-0.85715] [ 4.62543]
DRMAL(-1) -0.007252 -0.103871 -0.037803 0.113611 -0.087604 0.753009 0.075446 -0.074919
(0.05601) (0.05334) (0.02509) (0.18154) (0.06330) (0.06877) (0.18057) (0.10800)
[-0.12947] [-1.94737] [-1.50689] [ 0.62583] [-1.38399] [ 10.9492] [ 0.41783] [-0.69367]
DRSGP(-1) 0.027338 0.012426 0.025092 0.257004 0.077019 0.001393 0.989725 0.023656
(0.01421) (0.01353) (0.00636) (0.04606) (0.01606) (0.01745) (0.04581) (0.02740)
[ 1.92366] [ 0.91818] [ 3.94227] [ 5.57988] [ 4.79575] [ 0.07984] [ 21.6036] [ 0.86326]
DRTHA(-1) -0.005198 0.026406 -0.040256 -0.331010 -0.064999 0.032105 0.053225 0.721675
(0.03347) (0.03188) (0.01499) (0.10849) (0.03783) (0.04110) (0.10791) (0.06454)
[-0.15529] [ 0.82839] [-2.68520] [-3.05116] [-1.71832] [ 0.78115] [ 0.49325] [ 11.1812]
C 0.401683 -0.079557 -0.038329 -1.437240 0.069458 0.124221 -0.217220 -0.073116
(0.13830) (0.13170) (0.06194) (0.44822) (0.15628) (0.16980) (0.44582) (0.26666)
[ 2.90446] [-0.60410] [-0.61881] [-3.20656] [ 0.44443] [ 0.73156] [-0.48723] [-0.27419]
Estimation Proc:
===============================
LS 1 1 DRCIN DRFIL DRIND DRJEP DRKSL DRMAL DRSGP DRTHA @ C VAR Model:
===============================
DRCIN = C(1,1)*DRCIN(-1) + C(1,2)*DRFIL(-1) + C(1,3)*DRIND(-1) + C(1,4)*DRJEP(-1) + C(1,5)*DRKSL(-1) + C(1,6)*DRMAL(-1) + C(1,7)*DRSGP(-1) + C(1,8)*DRTHA(-1) + C(1,9)
DRFIL = C(2,1)*DRCIN(-1) + C(2,2)*DRFIL(-1) + C(2,3)*DRIND(-1) + C(2,4)*DRJEP(-1) + C(2,5)*DRKSL(-1) + C(2,6)*DRMAL(-1) + C(2,7)*DRSGP(-1) + C(2,8)*DRTHA(-1) + C(2,9)
DRIND = C(3,1)*DRCIN(-1) + C(3,2)*DRFIL(-1) + C(3,3)*DRIND(-1) + C(3,4)*DRJEP(-1) + C(3,5)*DRKSL(-1) + C(3,6)*DRMAL(-1) + C(3,7)*DRSGP(-1) + C(3,8)*DRTHA(-1) + C(3,9)
DRJEP = C(4,1)*DRCIN(-1) + C(4,2)*DRFIL(-1) + C(4,3)*DRIND(-1) + C(4,4)*DRJEP(-1) + C(4,5)*DRKSL(-1) + C(4,6)*DRMAL(-1) + C(4,7)*DRSGP(-1) + C(4,8)*DRTHA(-1) + C(4,9)
DRKSL = C(5,1)*DRCIN(-1) + C(5,2)*DRFIL(-1) + C(5,3)*DRIND(-1) + C(5,4)*DRJEP(-1) + C(5,5)*DRKSL(-1) + C(5,6)*DRMAL(-1) + C(5,7)*DRSGP(-1) + C(5,8)*DRTHA(-1) + C(5,9)
DRMAL = C(6,1)*DRCIN(-1) + C(6,2)*DRFIL(-1) + C(6,3)*DRIND(-1) + C(6,4)*DRJEP(-1) + C(6,5)*DRKSL(-1) + C(6,6)*DRMAL(-1) + C(6,7)*DRSGP(-1) + C(6,8)*DRTHA(-1) + C(6,9)
DRSGP = C(7,1)*DRCIN(-1) + C(7,2)*DRFIL(-1) + C(7,3)*DRIND(-1) + C(7,4)*DRJEP(-1) + C(7,5)*DRKSL(-1) + C(7,6)*DRMAL(-1) + C(7,7)*DRSGP(-1) + C(7,8)*DRTHA(-1) + C(7,9)
Adj.
R-squared 0.861629 0.976168 0.990910 0.969029 0.979974 0.825317 0.975709 0.961749
Sum sq.
resids 0.145224 0.131689 0.029130 1.525398 0.185454 0.218923 1.509138 0.539925
S.E.
equation 0.042084 0.040074 0.018848 0.136391 0.047557 0.051670 0.135662 0.081145
F-statistic 71.05292 461.8037 1227.345 352.9911 551.5199 54.15239 452.8914 283.8633
Log
likelihood 163.9118 168.3634 237.0086 56.90807 152.7859 145.2368 57.39568 104.1635
Akaike
AIC -3.404656 -3.502493 -5.011178 -1.052925 -3.160130 -2.994216 -1.063641 -2.091506
Schwarz
SC -3.156329 -3.254166 -4.762851 -0.804598 -2.911803 -2.745890 -0.815315 -1.843179
Mean
dependent 1.169418 1.526486 1.984327 -1.955569 1.137263 1.150638 -0.418413 0.949749
S.D.
dependent 0.113133 0.259589 0.197685 0.775008 0.336058 0.123627 0.870439 0.414897
Determinant resid
covariance (dof adj.) 3.75E-21
Determinant resid
covariance 1.63E-21
Log likelihood 1144.945
Akaike information criterion -23.58122
DRTHA = C(8,1)*DRCIN(-1) + C(8,2)*DRFIL(-1) + C(8,3)*DRIND(-1) + C(8,4)*DRJEP(-1) + C(8,5)*DRKSL(-1) + C(8,6)*DRMAL(-1) + C(8,7)*DRSGP(-1) + C(8,8)*DRTHA(-1) + C(8,9)
VAR Model - Substituted Coefficients: ===============================
DRCIN = 0.780303000513*DRCIN(-1) - 0.0843264600478*DRFIL(-1) - 0.0473663904278*DRIND(-1) - 0.00622169675093*DRJEP(-1) + 0.0793730708259*DRKSL(-1) - 0.00725193896619*DRMAL(-1) + 0.0273382947626*DRSGP(-1) - 0.00519803408818*DRTHA(-1) + 0.401683147422
DRFIL = 0.17674703513*DRCIN(-1) + 0.890727660836*DRFIL(-1) + 0.106008945865*DRIND(-1) + 0.00389854290032*DRJEP(-1) - 0.0627816992996*DRKSL(-1) - 0.103871458699*DRMAL(-1) + 0.012425884077*DRSGP(-1) + 0.0264056306761*DRTHA(-1) - 0.0795573731095
DRIND = 0.215989301988*DRCIN(-1) - 0.0400538156147*DRFIL(-1) + 0.946409728105*DRIND(-1) - 0.0149879031858*DRJEP(-1) + 0.00945433969923*DRKSL(-1) - 0.0378026385887*DRMAL(-1) + 0.025092173764*DRSGP(-1) - 0.0402558830998*DRTHA(-1) - 0.0383285926339
DRJEP = 0.818448133855*DRCIN(-1) + 0.393028698089*DRFIL(-1) - 0.462216833285*DRIND(-1) + 0.616694848213*DRJEP(-1) + 0.300848591321*DRKSL(-1) + 0.113611106613*DRMAL(-1) + 0.257004454318*DRSGP(-1) - 0.331009932299*DRTHA(-1) - 1.43723960239
DRKSL = 0.407775522791*DRCIN(-1) + 0.202277318659*DRFIL(-1) - 0.351266946381*DRIND(-1) - 0.0554364471436*DRJEP(-1) + 0.93151185861*DRKSL(-1) - 0.0876041822691*DRMAL(-1) + 0.0770191943057*DRSGP(-1) - 0.0649992008401*DRTHA(-1) + 0.0694578399178
DRMAL = 0.0656051824464*DRCIN(-1) + 0.00508718861011*DRFIL(-1) + 0.0369769205505*DRIND(-1) + 0.00627778333522*DRJEP(-0.0369769205505*DRIND(-1) - 0.0154697780863*DRKSL(-0.0369769205505*DRIND(-1) + 0.753008960897*DRMAL(-0.0369769205505*DRIND(-1) + 0.00139312520626*DRSGP(-1) + 0.0321045409919*DRTHA(-1) + 0.124220831959
DRSGP = 0.263526401258*DRCIN(-1) + 0.267223684764*DRFIL(-1) - 0.277387725591*DRIND(-1) - 0.0395620354893*DRJEP(-1) - 0.166289843816*DRKSL(-1) + 0.0754457860145*DRMAL(-1) + 0.989725222792*DRSGP(-1) + 0.05322507576*DRTHA(-1) - 0.217220271697
Vari
1 0.042084 100.0000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 2 0.054904 98.84124 0.220495 0.007107 0.004880 0.546926 0.002311 0.373702 0.003341 3 0.062995 96.56282 0.474409 0.062848 0.008641 1.623519 0.001996 1.253831 0.011940 4 0.068916 93.59292 0.616622 0.223994 0.010082 2.983377 0.002887 2.551915 0.018199 5 0.073578 90.25828 0.630110 0.534855 0.009875 4.425873 0.009300 4.114028 0.017675 6 0.077398 86.76514 0.576844 1.014090 0.008990 5.823364 0.022248 5.771783 0.017545 7 0.080613 83.23084 0.552060 1.653516 0.008661 7.107248 0.039302 7.372800 0.035574 8 0.083388 79.72214 0.653682 2.422968 0.010703 8.245373 0.056003 8.795400 0.093731 9 0.085851 76.28213 0.964168 3.277373 0.017737 9.224803 0.067865 9.954869 0.211052 10 0.088110 72.94410 1.540076 4.164374 0.033139 10.04226 0.072393 10.80529 0.398360 Vari
1 0.040074 0.210087 99.78991 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 2 0.055069 2.963827 95.58622 0.229195 0.005337 0.120882 0.932258 0.076578 0.085704 3 0.065829 6.674549 89.48684 0.711905 0.016543 0.204745 2.408082 0.316346 0.180987 4 0.074379 10.64695 82.77437 1.351206 0.031822 0.217080 3.953639 0.784111 0.240819 5 0.081562 14.55285 76.06248 2.042421 0.048603 0.190660 5.312389 1.528014 0.262584 6 0.087847 18.20759 69.67296 2.695825 0.064205 0.165501 6.365211 2.569799 0.258911 7 0.093515 21.49121 63.78782 3.248947 0.076643 0.169372 7.081574 3.901245 0.243191 8 0.098729 24.32742 58.50396 3.669754 0.085048 0.215414 7.486482 5.487567 0.224356 9 0.103574 26.67884 53.85602 3.952595 0.089591 0.305730 7.635028 7.275435 0.206756 10 0.108087 28.54286 49.83257 4.110272 0.091094 0.435984 7.593029 9.202221 0.191969 Vari
7 0.069872 40.66646 4.833333 36.22767 0.077095 0.111351 0.609239 14.95980 2.515060 8 0.076689 41.43620 5.649109 31.82202 0.123525 0.179904 0.509189 17.85759 2.422454 9 0.082780 41.42132 6.308661 28.39369 0.176907 0.265011 0.478430 20.66802 2.287969 10 0.088149 40.88574 6.806808 25.69864 0.230966 0.364400 0.527044 23.35203 2.134374
Vari ance Deco
mpo sition
of DRJ
EP: Peri
od S.E. DRCIN DRFIL DRIND DRJEP DRKSL DRMAL DRSGP DRTHA
1 0.136391 11.50461 3.294037 1.323754 83.87760 0.000000 0.000000 0.000000 0.000000 2 0.184644 18.44902 4.908533 1.629679 70.17976 0.551122 0.160878 2.923062 1.197946 3 0.226207 24.55307 6.290771 1.851693 56.18691 0.977076 0.295225 7.758932 2.086322 4 0.264872 28.76729 7.353590 2.000354 45.27213 1.168951 0.364491 12.79667 2.276521 5 0.300043 31.15336 8.178841 2.096343 37.47762 1.242415 0.396501 17.38162 2.073298 6 0.331111 32.14188 8.865675 2.154438 31.98547 1.283049 0.413225 21.38963 1.766625 7 0.358011 32.17252 9.485866 2.183502 28.04863 1.330863 0.424068 24.84333 1.511220 8 0.381068 31.59942 10.08352 2.189094 25.14606 1.401532 0.431136 27.78215 1.367082 9 0.400788 30.68474 10.68309 2.175346 22.94110 1.499692 0.433464 30.23853 1.344048 10 0.417710 29.61234 11.29618 2.145937 21.22049 1.624772 0.429569 32.24222 1.428489 Vari
ance Deco
mpo sition
of DRK
SL: Peri
od S.E. DRCIN DRFIL DRIND DRJEP DRKSL DRMAL DRSGP DRTHA
Vari ance Deco
mpo sition
of DRM
AL: Peri
od S.E. DRCIN DRFIL DRIND DRJEP DRKSL DRMAL DRSGP DRTHA
1 0.051670 0.062036 0.507549 0.222706 0.563727 0.987763 97.65622 0.000000 0.000000 2 0.064850 0.656492 0.439650 0.162844 0.585807 1.033533 97.02964 0.000681 0.091355 3 0.071545 1.593511 0.404055 0.134213 0.574800 1.198606 95.86206 0.012518 0.220242 4 0.075435 2.789463 0.382434 0.132393 0.547103 1.481649 94.26905 0.060422 0.337487 5 0.077977 4.176816 0.365569 0.143466 0.516859 1.880124 92.31454 0.176936 0.425689 6 0.079866 5.680280 0.349951 0.153813 0.492782 2.378855 90.06661 0.392212 0.485493 7 0.081452 7.213877 0.336718 0.156364 0.478258 2.951464 87.61385 0.724934 0.524535 8 0.082904 8.690263 0.331154 0.152142 0.473128 3.567221 85.05734 1.177438 0.551312 9 0.084293 10.03337 0.341990 0.148252 0.475683 4.197614 82.49424 1.735829 0.573022 10 0.085642 11.18795 0.380451 0.154409 0.484046 4.820044 80.00386 2.373766 0.595473 Vari
ance Deco
mpo sition
of DRS
GP: Peri
od S.E. DRCIN DRFIL DRIND DRJEP DRKSL DRMAL DRSGP DRTHA
Vari ance Deco
mpo sition
of DRT
HA: Peri
od S.E. DRCIN DRFIL DRIND DRJEP DRKSL DRMAL DRSGP DRTHA
1 0.081145 26.04533 1.236178 0.962027 4.653812 10.42098 0.069873 4.81E-05 56.61176 2 0.108336 22.03478 1.131636 0.922569 7.017037 20.24501 0.277723 0.069883 48.30136 3 0.129107 19.68030 1.311754 0.710188 8.851182 28.42238 0.689531 0.250751 40.08392 4 0.147372 18.47454 1.815617 0.554175 10.01582 34.01813 1.282855 0.526422 33.31244 5 0.164248 17.95090 2.661192 0.593132 10.59369 37.29289 1.986624 0.862018 28.05955 6 0.180143 17.72615 3.823878 0.868473 10.74237 38.84852 2.722695 1.218286 24.04963 7 0.195216 17.53051 5.256405 1.359275 10.61603 39.25858 3.431365 1.559651 20.98818 8 0.209546 17.21192 6.907627 2.015154 10.33459 38.95631 4.078310 1.858071 18.63802 9 0.223190 16.71443 8.730343 2.777249 9.979509 38.23189 4.650635 2.094381 16.82156 10 0.236216 16.04610 10.68173 3.589134 9.601023 37.26614 5.149659 2.258371 15.40784 Chol
esky Orde ring: DRC IN DRFI
L DRI ND DRJ EP DRK SL DRM
