Dependent Variable: X(1)

Method: Least Squares

Sample (adjusted): 2011Q3 2016Q3

Included observations: 21 after adjustments

Convergence achieved after 4 iterations

X(+1)=X*EXP(C(1)-C(2)*X-C(3)*Y)

Coefficient

Std. Error

t-Statistic

Prob.

C(1)

0.629309

0.240020

2.621904

0.0173

C(2)

1.146746

0.550104

2.084597

0.0516

C(3)

0.012157

0.750535

0.016197

0.9873

R-squared

0.125382

Mean dependent var

0.541381

Adjusted R-squared

0.028202

S.D. dependent var

0.052169

S.E. of regression

0.051429

Akaike info criterion

-2.965685

Sum squared resid

0.047608

Schwarz criterion

-2.816467

Log likelihood

34.13969

Hannan-Quinn criter.

-2.933301

Durbin-Watson stat

2.188474