Question: Explain and analyse the data in six hundred words Redundant Variables Test Equation: UNTITLED Redundant variables: LGICE RRICE UICE LCICE(-1) Specification: LCICE C LGICE RRICE

Explain and analyse the data in six hundred words

Redundant Variables Test Equation: UNTITLED Redundant variables: LGICE RRICE UICE LCICE(-1) Specification: LCICE C LGICE RRICE UICE LCICE(-1) Null hypothesis: LGICE RRICE UICE LCICE(-1) are jointly insignificant Value df Probability F-statistic 1358.131 (4, 33) 0.0000 Likelihood ratio 194.1689 0.0000 F-test summary: Sum of Sq df Mean Squares Test SSR 5.277220 4 1.319305 Restricted SSR 5.309277 37 0.143494 Unrestricted SSR 0.032057 33 0.000971 LR test summary: Value Restricted LogL -16.52518 Unrestricted LogL 80.55926 Restricted Test Equation: Dependent Variable: LCICE Method: Least Squares Date: 03/20/25 Time: 14:56 Sample: 1957 1994 Included observations: 38 Variable Coefficient Std. Error t-Statistic Prob C 0.547710 0.061450 -8.913038 0.0000 R-squared 0.000000 Mean dependent var -0.547710 Adjusted R-squared 0.000000 S.D. dependent var 0.378806 S.E. of regression 0.378806 Akaike info criterion 0.922378 Sum squared resid 5.309277 Schwarz criterion 0.965473 Log likelihood -16.52518 Hannan-Quinn criter 0.937711 Durbin-Watson stat 0.030869

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