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non-of the independent varibales is signficant is that fine!

Posted: Wed May 18, 2011 12:23 am
by megreeno
hello..

I am wondering if someone can help i ll be very thankfull

I estimated this equation:

dlog(cpi) c dlog(neer) dlog(epi) d(open)

Using OLS

which come originally from the low of one price after linearizing, which is:

P = P" * E

i estimated the equation for three countries indvidually and non of the variables (neer, epi and open) is siginificant with the regards to t-statistic .
This is the result:

tabe-1.jpg
tabe-1.jpg (103.89 KiB) Viewed 1586 times

even if i fix for the serial correlation, the result below:
table-2.jpg
table-2.jpg (119.78 KiB) Viewed 1586 times
I got almost the same result for the three countries non is significant
Thus, am wondering if there is something wrong in my regression or the variables?

Bset regards Megreeno