Conventional model of demand equation
| lnQt=−1.757−0.441×lnPt+1.040×lnYt−0.132×AsCt | ||
| F-statistic: 27.765 | R2: 0.847 | Durbin-Watson: 1.980 |
| Skewness/Kurtosis tests for Normality: adj χ2=5.10, Prob >χ2=0.0780 | ||
| Breusch-Pagan/Cook-Weisberg test for heteroskedasticity: χ2=2.56, Prob>χ2=0.1093 | ||
| Dickey-Fuller test for unit root: Z(t)=−2.364, 1% critical value=−2.660, 5% critical value=−1.950, 10% critical value=−1.600 | ||