Variable

Coefficient

Std. Error

t-Statistic

Prob.

C

−5.274074

1.538576

−3.427894

0.0028

LNEC

1.396973

0.120773

11.56691

0.0000

AR (1)

1.778822

0.159431

11.15735

0.0000

AR (2)

−0.941238

0.147325

−6.388869

0.0000

R-squared

0.998347

Mean dependent var

12.51222

Adjusted R-squared

0.998087

S.D. dependent var

0.572837

S.E. of regression

0.025058

Akaike info criterion

−4.110152

Sum squared resid

0.011930

Schwarz criterion

−3.912675

Log likelihood

51.26675

Hannan−Quinn criter.

−4.060487

F-statistic

3826.221

Durbin−Watson stat

1.414484

Prob (F-statistic)

0.000000

Inverted AR Roots

0.89−0.39i

0.89+0.39i