| F-Statistic | T*R-Squared | |
| H1 | 55.99341*** | 53.52743*** |
| H2 | 19.83358*** | 19.53681*** |
| H3 | 8.738803** | 8.689055** |
| H4 | 46.36491*** | 44.68075*** |
| H5 | 48.50673*** | 46.66294*** |
| H6 | 48.92806*** | 47.0193*** |
| H7 | 119.0125*** | 108.2507*** |
| H8 | 3.324728* | 3.32099* |
| H9 | 4.777808*** | 4.766453** |
| H10 | 37.62863** | 36.52305*** |
| H11 | 29.92428*** | 29.22905*** |
| A1 | 68.11431*** | 64.48877*** |
| A2 | 87.63243*** | 81.68444*** |
| A3 | 40.36878*** | 39.09014*** |
| A5 | 119.0214*** | 108.258*** |
| A6 | 166.9394*** | 146.2821*** |
| A7 | 149.6221*** | 132.8335*** |
| A8 | 86.39949*** | 80.57701*** |
| A9 | 138.11*** | 123.6955*** |
| A10 | 85.25658*** | 79.61979*** |
| A11 | 163.4006*** | 143.681*** |