| Variable | Coefficient | t-statistic | t-probability |
| x1 | 0.2099 | 1.8128 | 0.0699 |
| x2 | −0.0149 | −0.2719 | 0.7856 |
| x3 | −0.8764 | −1.2641 | 0.2062 |
| W*dep.var. | 0.3558 | 2.9969 | 0.0027 |
| R2 | 0.9907 | Log-likelihood | 168.8203 |