Redundant Variables Test

[eviewer]

I am making a small paper for school with an application of econometrics and I have difficulties in knowing how to run and interpret the Redundant Variables Test (RVT).

cotedp (EDP's stock quotes) is the dependent variable
psi20 (the Portuguese top 20 stocks index) is an independent variable
euribor12m (the euribor interest rate for 12 months) is an independent variable

Please open my Eviews file in attachment

edp.wf1

(15.66 KiB) Downloaded 262 times

and the estimation in eq01.

Using a significance level of 5%, since the 1st and the 4th coefficients have a p-value above this number does it mean I should only run RVT for the corresponding two variables?

Also, after running the RVT, how do I know which variables are redundant?

If I find that some variables are redundant, does it mean I should or I have to remove them from the estimation? My problem is that if the answer is yes my estimation will have too few independent variables.

Also, you are welcome to suggest me more independent variables, in order for me to enhance my paper.