Pietro Battiston

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gretl version 1.9.12
Current session: 2013-07-08 23:29
? open "/home/pietro/Università/Ricerca/Scontrini/Seconda tranche/Dati \
  esterni/Riassunto_panel_province.csv"
parsing /home/pietro/Università/Ricerca/Scontrini/Seconda tranche/Dati esterni/Riassunto_panel_province.csv...
using delimiter ','
   longest line: 63 characters
   first field: 'Year'
   seems to be observation label
   number of columns = 10
   number of variables: 9
   number of non-blank lines: 372
scanning for variable names...
   line: Year,Month,V_pic_sup_gr,Prezzi,Deb,Cred,Cit,Blitz,Time,V_dest
scanning for row labels and data...
   the cell for variable 2, obs 1 is empty: treating as missing value
   the cell for variable 9, obs 1 is empty: treating as missing value
   the cell for variable 2, obs 2 is empty: treating as missing value
   the cell for variable 9, obs 2 is empty: treating as missing value
   the cell for variable 2, obs 3 is empty: treating as missing value
   the cell for variable 9, obs 3 is empty: treating as missing value
   the cell for variable 2, obs 4 is empty: treating as missing value
   the cell for variable 9, obs 4 is empty: treating as missing value
   the cell for variable 2, obs 5 is empty: treating as missing value
   the cell for variable 9, obs 5 is empty: treating as missing value
   the cell for variable 2, obs 6 is empty: treating as missing value
   the cell for variable 9, obs 6 is empty: treating as missing value
   the cell for variable 2, obs 7 is empty: treating as missing value
   the cell for variable 9, obs 7 is empty: treating as missing value
   the cell for variable 2, obs 8 is empty: treating as missing value
   the cell for variable 9, obs 8 is empty: treating as missing value
   the cell for variable 2, obs 9 is empty: treating as missing value
   the cell for variable 9, obs 9 is empty: treating as missing value
   the cell for variable 2, obs 10 is empty: treating as missing value
   the cell for variable 9, obs 10 is empty: treating as missing value
   the cell for variable 2, obs 11 is empty: treating as missing value
   the cell for variable 9, obs 11 is empty: treating as missing value
   the cell for variable 2, obs 12 is empty: treating as missing value
   the cell for variable 9, obs 12 is empty: treating as missing value
   the cell for variable 2, obs 45 is empty: treating as missing value
   the cell for variable 5, obs 45 is empty: treating as missing value
   the cell for variable 9, obs 45 is empty: treating as missing value
   the cell for variable 2, obs 46 is empty: treating as missing value
   the cell for variable 5, obs 46 is empty: treating as missing value
   the cell for variable 9, obs 46 is empty: treating as missing value
   the cell for variable 2, obs 47 is empty: treating as missing value
   the cell for variable 5, obs 47 is empty: treating as missing value
   the cell for variable 9, obs 47 is empty: treating as missing value
   the cell for variable 2, obs 48 is empty: treating as missing value
   the cell for variable 5, obs 48 is empty: treating as missing value
   the cell for variable 9, obs 48 is empty: treating as missing value
   the cell for variable 2, obs 49 is empty: treating as missing value
   the cell for variable 5, obs 49 is empty: treating as missing value
   the cell for variable 9, obs 49 is empty: treating as missing value
   the cell for variable 2, obs 50 is empty: treating as missing value
   the cell for variable 5, obs 50 is empty: treating as missing value
   the cell for variable 9, obs 50 is empty: treating as missing value
   the cell for variable 2, obs 51 is empty: treating as missing value
   the cell for variable 5, obs 51 is empty: treating as missing value
   the cell for variable 9, obs 51 is empty: treating as missing value
   the cell for variable 2, obs 52 is empty: treating as missing value
   the cell for variable 5, obs 52 is empty: treating as missing value
   the cell for variable 9, obs 52 is empty: treating as missing value
   the cell for variable 2, obs 53 is empty: treating as missing value
   the cell for variable 5, obs 53 is empty: treating as missing value
   the cell for variable 9, obs 53 is empty: treating as missing value
   the cell for variable 2, obs 54 is empty: treating as missing value
   the cell for variable 5, obs 54 is empty: treating as missing value
   the cell for variable 9, obs 54 is empty: treating as missing value
   the cell for variable 2, obs 55 is empty: treating as missing value
   the cell for variable 5, obs 55 is empty: treating as missing value
   the cell for variable 9, obs 55 is empty: treating as missing value
   the cell for variable 2, obs 56 is empty: treating as missing value
   the cell for variable 5, obs 56 is empty: treating as missing value
   the cell for variable 9, obs 56 is empty: treating as missing value
   the cell for variable 2, obs 57 is empty: treating as missing value
   the cell for variable 5, obs 57 is empty: treating as missing value
   the cell for variable 9, obs 57 is empty: treating as missing value
   the cell for variable 2, obs 58 is empty: treating as missing value
   the cell for variable 5, obs 58 is empty: treating as missing value
   the cell for variable 9, obs 58 is empty: treating as missing value
   the cell for variable 2, obs 59 is empty: treating as missing value
   the cell for variable 5, obs 59 is empty: treating as missing value
   the cell for variable 9, obs 59 is empty: treating as missing value
   the cell for variable 2, obs 60 is empty: treating as missing value
   the cell for variable 5, obs 60 is empty: treating as missing value
   the cell for variable 9, obs 60 is empty: treating as missing value
   the cell for variable 2, obs 61 is empty: treating as missing value
   the cell for variable 5, obs 61 is empty: treating as missing value
   the cell for variable 9, obs 61 is empty: treating as missing value
   the cell for variable 2, obs 62 is empty: treating as missing value
   the cell for variable 5, obs 62 is empty: treating as missing value
   the cell for variable 9, obs 62 is empty: treating as missing value
   the cell for variable 2, obs 63 is empty: treating as missing value
   the cell for variable 5, obs 63 is empty: treating as missing value
   the cell for variable 9, obs 63 is empty: treating as missing value
   the cell for variable 2, obs 64 is empty: treating as missing value
   the cell for variable 5, obs 64 is empty: treating as missing value
   the cell for variable 9, obs 64 is empty: treating as missing value
   the cell for variable 2, obs 65 is empty: treating as missing value
   the cell for variable 5, obs 65 is empty: treating as missing value
   the cell for variable 9, obs 65 is empty: treating as missing value
   the cell for variable 5, obs 66 is empty: treating as missing value
   the cell for variable 5, obs 67 is empty: treating as missing value
   the cell for variable 5, obs 68 is empty: treating as missing value
   the cell for variable 5, obs 69 is empty: treating as missing value
   the cell for variable 5, obs 70 is empty: treating as missing value
   the cell for variable 5, obs 71 is empty: treating as missing value
   the cell for variable 5, obs 72 is empty: treating as missing value
   the cell for variable 5, obs 73 is empty: treating as missing value
   the cell for variable 5, obs 74 is empty: treating as missing value
   the cell for variable 5, obs 75 is empty: treating as missing value
   the cell for variable 5, obs 76 is empty: treating as missing value
   the cell for variable 5, obs 77 is empty: treating as missing value
   the cell for variable 5, obs 78 is empty: treating as missing value
   the cell for variable 5, obs 79 is empty: treating as missing value
   first row label "2009", last label "2013"
trying to parse row labels as dates...
   2009: probably a year... and just a year
   but the dates are not complete and consistent
variable 2 (V_pic_sup_gr): non-numeric values = 96 (100.00 percent)
variable 3 (Prezzi): non-numeric values = 204 (100.00 percent)
variable 4 (Deb): non-numeric values = 215 (57.95 percent)
variable 6 (Cit): non-numeric values = 371 (100.00 percent)
variable 9 (V_dest): non-numeric values = 87 (90.62 percent)
allocating string table
   first row label "2009", last label "2013"
trying to parse row labels as dates...
   2009: probably a year... and just a year
   but the dates are not complete and consistent
treating these as undated data

String code table written to
 /home/pietro/string_table.txt
Listing 10 variables:
  0) const           1) Month           2) V_pic_sup_gr    3) Prezzi        
  4) Deb             5) Cred            6) Cit             7) Blitz         
  8) Time            9) V_dest        

? setobs Cit Time --panel-vars
Full data range: 1:01 - 7:53 (n = 371)

? vend_deinfl = V_pic_sup_gr / Prezzi * 105.7
Generated series vend_deinfl (ID 10)
? deb_deinfl = Deb / Prezzi  * 105.7
Generated series deb_deinfl (ID 11)
? cred_deinfl = Cred / Prezzi  * 105.7
Generated series cred_deinfl (ID 12)
? vend_dest = V_dest / Prezzi  * 105.7
Generated series vend_dest (ID 13)
? vend_diff = vend_deinfl - vend_deinfl(-12)
Generated series vend_diff (ID 14)
? deb_diff = deb_deinfl - deb_deinfl(-12)
Generated series deb_diff (ID 15)
? cred_diff = cred_deinfl - cred_deinfl(-12)
Generated series cred_diff (ID 16)
? MI = Cit == 1
Generated series MI (ID 17)
? GE = Cit == 2
Generated series GE (ID 18)
? TO = Cit == 3
Generated series TO (ID 19)
? IT = Cit == 4
Generated series IT (ID 20)
? MIP = Cit == 5
Generated series MIP (ID 21)
? GEP = Cit == 6
Generated series GEP (ID 22)
? TOP = Cit == 7
Generated series TOP (ID 23)
? discrete Time
# Non funziona per niente
# ("meno due milioni di formiche meno due milioni di cani")
? ols deb_deinfl const dummify(Cit) Time Blitz

Model 1: Pooled OLS, using 204 observations
Included 4 cross-sectional units
Time-series length: minimum 45, maximum 53
Dependent variable: deb_deinfl

             coefficient   std. error   t-ratio   p-value 
  --------------------------------------------------------
  const       255.150      14.7165      17.34     1.43e-41 ***
  DCit_2      −78.3665     15.2901      −5.125    7.04e-07 ***
  DCit_3      −46.2629     15.2901      −3.026    0.0028   ***
  DCit_4      −66.6551     16.0104      −4.163    4.68e-05 ***
  Time         −1.05149     0.370619    −2.837    0.0050   ***
  Blitz       −47.8350     79.1924      −0.6040   0.5465  

Mean dependent var   180.3704   S.D. dependent var   84.31995
Sum squared resid     1214960   S.E. of regression   78.33364
R-squared            0.158207   Adjusted R-squared   0.136950
F(5, 198)            7.442465   P-value(F)           2.02e-06
Log-likelihood      −1176.058   Akaike criterion     2364.116
Schwarz criterion    2384.024   Hannan-Quinn         2372.169
rho                  0.230259   Durbin-Watson        1.514963

Excluding the constant, p-value was highest for variable 7 (Blitz)

# In log:
? logdeb = log( deb_deinfl )
Generated series logdeb (ID 30)
? ols logdeb const dummify(Cit) Time Blitz

Model 2: Pooled OLS, using 204 observations
Included 4 cross-sectional units
Time-series length: minimum 45, maximum 53
Dependent variable: logdeb

             coefficient   std. error   t-ratio     p-value 
  ----------------------------------------------------------
  const       5.40484      0.0448882    120.4      3.75e-187 ***
  DCit_2     −0.309331     0.0466378     −6.633    3.07e-10  ***
  DCit_3     −0.139285     0.0466378     −2.987    0.0032    ***
  DCit_4     −0.220849     0.0488351     −4.522    1.05e-05  ***
  Time       −0.00359208   0.00113046    −3.178    0.0017    ***
  Blitz      −0.148203     0.241553      −0.6135   0.5402   

Mean dependent var   5.145028   S.D. dependent var   0.267491
Sum squared resid    11.30368   S.E. of regression   0.238934
R-squared            0.221776   Adjusted R-squared   0.202124
F(5, 198)            11.28507   P-value(F)           1.38e-09
Log-likelihood       5.621730   Akaike criterion     0.756541
Schwarz criterion    20.66526   Hannan-Quinn         8.809979
rho                  0.303903   Durbin-Watson        1.332131

Excluding the constant, p-value was highest for variable 7 (Blitz)

? smpl --restrict Cit != 2
Full data set: 371 observations
Current sample: 1:01 - 6:53 (n = 318)

# In log:
? ols logdeb const dummify(Cit) Time Blitz

Model 3: Pooled OLS, using 151 observations
Included 3 cross-sectional units
Time-series length: minimum 45, maximum 53
Dependent variable: logdeb

             coefficient   std. error   t-ratio    p-value 
  ---------------------------------------------------------
  const       5.44385      0.0556946    97.74     6.10e-135 ***
  DCit_2     −0.138977     0.0533848    −2.603    0.0102    **
  DCit_3     −0.226366     0.0559822    −4.044    8.49e-05  ***
  Time       −0.00504836   0.00152248   −3.316    0.0012    ***
  Blitz      −0.131876     0.276643     −0.4767   0.6343   

Mean dependent var   5.196450   S.D. dependent var   0.292705
Sum squared resid    10.92098   S.E. of regression   0.273498
R-squared            0.150213   Adjusted R-squared   0.126931
F(4, 146)            6.451922   P-value(F)           0.000083
Log-likelihood      −15.95189   Akaike criterion     41.90379
Schwarz criterion    56.99019   Hannan-Quinn         48.03267
rho                  0.281714   Durbin-Watson        1.367630

Excluding the constant, p-value was highest for variable 7 (Blitz)

#smpl --replace --restrict Cit == 1
? summary logdeb

Summary statistics, using the observations 1:01 - 6:53
for the variable 'logdeb' (151 valid observations)

  Mean                         5.1965
  Median                       5.1024
  Minimum                      4.6606
  Maximum                      6.7400
  Standard deviation          0.29270
  C.V.                       0.056328
  Skewness                     3.0109
  Ex. kurtosis                 10.926
  5% percentile                5.0057
  95% percentile               5.7823
  Interquartile range        0.095699
  Missing obs.                    167

  Within s.d.                 0.28210
  Between s.d.                0.10395
#media = $average
# Milano:
? risc_deb = 75105
Generated scalar risc_deb = 75105
# Torino:
? risc_deb_TO = 58515
Generated scalar risc_deb_TO = 58515
? risc_deb_GE = 26918
Generated scalar risc_deb_GE = 26918
? smpl --full
Full data range: 1:01 - 7:53 (n = 371)

? deb_risc = deb_deinfl
Generated series deb_risc (ID 31)
? smpl --replace --restrict Cit == 3
Full data set: 371 observations
Current sample: 53 observations
? deb_risc = deb_risc / 58515 * 75105
Replaced series deb_risc (ID 31)
? smpl --replace --restrict Cit == 2
Full data set: 371 observations
Current sample: 53 observations
? deb_risc = deb_risc / 26918 * 75105
Replaced series deb_risc (ID 31)
? smpl --replace --restrict Cit == 4
Full data set: 371 observations
Current sample: 53 observations
? deb_risc = deb_risc / 929150 * 75105
Replaced series deb_risc (ID 31)
#smpl --replace --restrict Cit != 2
# ATTENZIONE ATTENZIONE ATTENZIONE ATTENZIONE alla presenza dell'Italia
? smpl --replace --restrict Cit != 4
Full data set: 371 observations
Current sample: 1:01 - 6:53 (n = 318)

? quelfeb = time == 38
Generated series quelfeb (ID 33)
#ols deb_risc const dummify(Cit) dummify(Time) Blitz
# Equazione buona:
? ols deb_risc const TO GE dummify(Month) quelfeb Blitz

Model 4: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

              coefficient   std. error   t-ratio   p-value 
  ---------------------------------------------------------
  const        194.815        26.5083     7.349    1.40e-11 ***
  TO             4.28153      18.3958     0.2327   0.8163  
  GE           186.649        18.3958    10.15     1.48e-18 ***
  DMonth_2       8.64432      36.4148     0.2374   0.8127  
  DMonth_3      27.4670       34.3322     0.8000   0.4250  
  DMonth_4      34.8625       34.3322     1.015    0.3116  
  DMonth_5      24.8423       34.3322     0.7236   0.4705  
  DMonth_6      37.4909       36.4148     1.030    0.3050  
  DMonth_7      20.6351       36.4148     0.5667   0.5718  
  DMonth_8      82.7939       36.4148     2.274    0.0245   **
  DMonth_9       6.53550      36.4148     0.1795   0.8578  
  DMonth_10     18.6284       36.4148     0.5116   0.6097  
  DMonth_11     82.3261       36.4148     2.261    0.0253   **
  DMonth_12     52.1579       36.4148     1.432    0.1542  
  quelfeb       45.0970       72.0080     0.6263   0.5321  
  Blitz        −81.1977      116.256     −0.6984   0.4860  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1264158   S.E. of regression   94.02269
R-squared            0.510678   Adjusted R-squared   0.459350
F(15, 143)           9.949404   P-value(F)           7.44e-16
Log-likelihood      −939.6017   Akaike criterion     1911.203
Schwarz criterion    1960.306   Hannan-Quinn         1931.143
rho                  0.295800   Durbin-Watson        1.399592

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

# senza dummy:
? ols deb_risc const TO GE quelfeb Blitz

Model 5: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

             coefficient   std. error   t-ratio   p-value 
  --------------------------------------------------------
  const       226.982        13.0574    17.38     3.81e-38 ***
  TO            4.28153      18.4223     0.2324   0.8165  
  GE          186.649        18.4223    10.13     8.36e-19 ***
  quelfeb      21.5739       67.2170     0.3210   0.7487  
  Blitz       −81.1977      116.423     −0.6974   0.4866  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1365327   S.E. of regression   94.15816
R-squared            0.471518   Adjusted R-squared   0.457791
F(4, 154)            34.35019   P-value(F)           1.76e-20
Log-likelihood      −945.7222   Akaike criterion     1901.444
Schwarz criterion    1916.789   Hannan-Quinn         1907.676
rho                  0.265918   Durbin-Watson        1.453423

Excluding the constant, p-value was highest for variable 19 (TO)

# non la facciamo sulle differenze (anche se uno potrebbe pensare che il blitz è una differenza in una specie di random walk).
# Non la facciamo sulle differenze perché il DiD già risolve in parte il problema
# e, anche se ci potrebbero essere situazioni sfigate (Milano grafico a "W", Torino grafico piatto),
# ci accorgiamo che così non è dalla correlazione alta tra Milano e Torino/Genova
# (correlazione che invece non c'è con l'Italia).
# Equazione buona su log:
? deb_log = log( deb_deinfl )
Generated series deb_log (ID 45)
? ols deb_log const TO GE dummify(Month) quelfeb Blitz

Model 6: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_log

              coefficient   std. error   t-ratio    p-value 
  ----------------------------------------------------------
  const        5.19355      0.0783281    66.31     2.90e-109 ***
  TO          −0.141946     0.0543570    −2.611    0.0100    ***
  GE          −0.311992     0.0543570    −5.740    5.46e-08  ***
  DMonth_2     0.0292847    0.107601      0.2722   0.7859   
  DMonth_3     0.119287     0.101447      1.176    0.2416   
  DMonth_4     0.136941     0.101447      1.350    0.1792   
  DMonth_5     0.106062     0.101447      1.045    0.2976   
  DMonth_6     0.145653     0.107601      1.354    0.1780   
  DMonth_7     0.0958850    0.107601      0.8911   0.3744   
  DMonth_8     0.242764     0.107601      2.256    0.0256    **
  DMonth_9     0.0468344    0.107601      0.4353   0.6640   
  DMonth_10    0.0808390    0.107601      0.7513   0.4537   
  DMonth_11    0.238683     0.107601      2.218    0.0281    **
  DMonth_12    0.163041     0.107601      1.515    0.1319   
  quelfeb      0.186544     0.212773      0.8767   0.3821   
  Blitz       −0.289240     0.343519     −0.8420   0.4012   

Mean dependent var   5.157383   S.D. dependent var   0.301685
Sum squared resid    11.03758   S.E. of regression   0.277823
R-squared            0.232443   Adjusted R-squared   0.151930
F(15, 143)           2.887031   P-value(F)           0.000540
Log-likelihood      −13.53715   Akaike criterion     59.07430
Schwarz criterion    108.1768   Hannan-Quinn         79.01429
rho                  0.367920   Durbin-Watson        1.234483

Excluding the constant, p-value was highest for variable 34 (DMonth_2)

? ols deb_log const TO GE quelfeb Blitz

Model 7: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_log

             coefficient   std. error   t-ratio     p-value 
  ----------------------------------------------------------
  const        5.30861     0.0384278    138.1      2.33e-163 ***
  TO          −0.141946    0.0542168     −2.618    0.0097    ***
  GE          −0.311992    0.0542168     −5.755    4.55e-08  ***
  quelfeb      0.100764    0.197819       0.5094   0.6112   
  Blitz       −0.289240    0.342633      −0.8442   0.3999   

Mean dependent var   5.157383   S.D. dependent var   0.301685
Sum squared resid    11.82539   S.E. of regression   0.277107
R-squared            0.177659   Adjusted R-squared   0.156300
F(4, 154)            8.317563   P-value(F)           4.22e-06
Log-likelihood      −19.01810   Akaike criterion     48.03621
Schwarz criterion    63.38073   Hannan-Quinn         54.26746
rho                  0.343181   Durbin-Watson        1.272156

Excluding the constant, p-value was highest for variable 33 (quelfeb)

# Tentiamo di far uscire il grafico:
? ols deb_risc const TO GE dummify(Month) quelfeb

Model 8: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

              coefficient   std. error   t-ratio   p-value 
  ---------------------------------------------------------
  const        193.793       26.4208      7.335    1.48e-11 ***
  TO             5.81356     18.2321      0.3189   0.7503  
  GE           188.181       18.2321     10.32     4.87e-19 ***
  DMonth_2       8.64432     36.3500      0.2378   0.8124  
  DMonth_3      27.4670      34.2711      0.8015   0.4242  
  DMonth_4      34.8625      34.2711      1.017    0.3107  
  DMonth_5      24.8423      34.2711      0.7249   0.4697  
  DMonth_6      37.4909      36.3500      1.031    0.3041  
  DMonth_7      20.6351      36.3500      0.5677   0.5711  
  DMonth_8      82.7939      36.3500      2.278    0.0242   **
  DMonth_9       6.53550     36.3500      0.1798   0.8576  
  DMonth_10     18.6284      36.3500      0.5125   0.6091  
  DMonth_11     82.3261      36.3500      2.265    0.0250   **
  DMonth_12     52.1579      36.3500      1.435    0.1535  
  quelfeb       18.0311      60.5834      0.2976   0.7664  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1268471   S.E. of regression   93.85533
R-squared            0.509009   Adjusted R-squared   0.461273
F(14, 144)           10.66316   P-value(F)           2.77e-16
Log-likelihood      −939.8725   Akaike criterion     1909.745
Schwarz criterion    1955.779   Hannan-Quinn         1928.439
rho                  0.300047   Durbin-Watson        1.391359

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

? err = $uhat
Generated series err (ID 46)
# panel plot
# Fa schifo, usiamo l'altro
# Equazione buona su diff:
? deb_risc_incr = deb_risc - deb_risc(-1)
Generated series deb_risc_incr (ID 47)
? ols deb_risc_incr const TO GE dummify(Month) quelfeb Blitz

Model 9: Pooled OLS, using 156 observations
Included 3 cross-sectional units
Time-series length = 52
Dependent variable: deb_risc_incr

              coefficient   std. error   t-ratio    p-value
  ---------------------------------------------------------
  const        −44.9702       34.8464    −1.291     0.1990 
  TO            −1.18949      22.1713    −0.05365   0.9573 
  GE            −1.56930      22.1713    −0.07078   0.9437 
  DMonth_2      55.8492       45.8175     1.219     0.2249 
  DMonth_3      61.1062       43.4663     1.406     0.1620 
  DMonth_4      53.2852       43.4663     1.226     0.2223 
  DMonth_5      35.8696       43.4663     0.8252    0.4106 
  DMonth_6      50.7896       45.8175     1.109     0.2695 
  DMonth_7      29.0340       45.8175     0.6337    0.5273 
  DMonth_8     108.049        45.8175     2.358     0.0197  **
  DMonth_9     −30.3687       45.8175    −0.6628    0.5085 
  DMonth_10     57.9826       45.8175     1.266     0.2078 
  DMonth_11    109.587        45.8175     2.392     0.0181  **
  DMonth_12     15.7216       45.8175     0.3431    0.7320 
  quelfeb       23.9632       85.9565     0.2788    0.7808 
  Blitz        −37.5231      138.794     −0.2704    0.7873 

Mean dependent var   0.363846   S.D. dependent var   112.9982
Sum squared resid     1763366   S.E. of regression   112.2295
R-squared            0.109021   Adjusted R-squared   0.013559
F(15, 140)           1.142031   P-value(F)           0.325083
Log-likelihood      −949.3190   Akaike criterion     1930.638
Schwarz criterion    1979.436   Hannan-Quinn         1950.457
rho                 −0.342141   Durbin-Watson        2.684025

Excluding the constant, p-value was highest for variable 19 (TO)

# Equazione buona con l'Italia
? smpl --restrict (Cit == 1 || Cit == 4)
Full data set: 371 observations
Current sample: 53 observations
? ols deb_risc const IT dummify(Month) quelfeb Blitz

Model 10: OLS, using observations 1-53
Dependent variable: deb_risc
Omitted because all values were zero: IT
Omitted due to exact collinearity: Blitz

              coefficient   std. error   t-ratio   p-value
  --------------------------------------------------------
  const        165.528        67.1907     2.464    0.0182  **
  DMonth_2      21.7119      100.786      0.2154   0.8305 
  DMonth_3      31.9547       95.0220     0.3363   0.7384 
  DMonth_4      61.8411       95.0220     0.6508   0.5189 
  DMonth_5      40.4644       95.0220     0.4258   0.6725 
  DMonth_6      12.1066      100.786      0.1201   0.9050 
  DMonth_7      14.6188      100.786      0.1450   0.8854 
  DMonth_8     183.752       100.786      1.823    0.0758  *
  DMonth_9      19.2137      100.786      0.1906   0.8498 
  DMonth_10     35.3161      100.786      0.3504   0.7279 
  DMonth_11    216.809       100.786      2.151    0.0376  **
  DMonth_12    127.549       100.786      1.266    0.2130 
  quelfeb      −19.8817      167.977     −0.1184   0.9064 

Mean dependent var   225.8571   S.D. dependent var   148.0896
Sum squared resid    902918.3   S.E. of regression   150.2430
R-squared            0.208235   Adjusted R-squared  -0.029294
F(12, 40)            0.876672   P-value(F)           0.576194
Log-likelihood      −333.3958   Akaike criterion     692.7915
Schwarz criterion    718.4053   Hannan-Quinn         702.6414
rho                  0.339063   Durbin-Watson        1.316686

Excluding the constant, p-value was highest for variable 33 (quelfeb)

? smpl --full
Full data range: 1:01 - 7:53 (n = 371)

? smpl --restrict Cit < 4
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

# Test controlling for gli altri blitz:
? other_bl = (GE && (time==38 || time==42 || time==44 || time=45 || time==46)) \
  || (TO && (time == 44 || time == 45 || time == 46) ) || (MI && (time == 41 \
  || time == 44))
Generated series other_bl (ID 48)
? ols deb_risc const TO GE dummify(Month) quelfeb Blitz other_bl

Model 11: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

              coefficient   std. error   t-ratio   p-value 
  ---------------------------------------------------------
  const        193.994        26.4580     7.332    1.58e-11 ***
  TO             4.70754      18.3585     0.2564   0.7980  
  GE           188.686        18.4247    10.24     8.98e-19 ***
  DMonth_2       8.64432      36.3350     0.2379   0.8123  
  DMonth_3      27.4670       34.2570     0.8018   0.4240  
  DMonth_4      34.8625       34.2570     1.018    0.3106  
  DMonth_5      27.6886       34.3295     0.8066   0.4213  
  DMonth_6      41.0487       36.4417     1.126    0.2619  
  DMonth_7      20.6351       36.3350     0.5679   0.5710  
  DMonth_8      93.4675       37.2848     2.507    0.0133   **
  DMonth_9      13.6512       36.7602     0.3714   0.7109  
  DMonth_10     25.7441       36.7602     0.7003   0.4849  
  DMonth_11     82.3261       36.3350     2.266    0.0250   **
  DMonth_12     52.1579       36.3350     1.435    0.1534  
  quelfeb       66.0336       73.6987     0.8960   0.3718  
  Blitz       −101.313       117.066     −0.8654   0.3883  
  other_bl     −42.6942       33.4489    −1.276    0.2039  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1249819   S.E. of regression   93.81652
R-squared            0.516228   Adjusted R-squared   0.461719
F(16, 142)           9.470432   P-value(F)           1.15e-15
Log-likelihood      −938.6948   Akaike criterion     1911.390
Schwarz criterion    1963.561   Hannan-Quinn         1932.576
rho                  0.287593   Durbin-Watson        1.415864

Excluding the constant, p-value was highest for variable 34 (DMonth_2)

? ols deb_log const TO GE dummify(Month) quelfeb Blitz other_bl

Model 12: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_log

              coefficient   std. error   t-ratio    p-value 
  ----------------------------------------------------------
  const        5.19095      0.0781118    66.46     7.40e-109 ***
  TO          −0.140596     0.0541998    −2.594    0.0105    **
  GE          −0.305535     0.0543953    −5.617    9.91e-08  ***
  DMonth_2     0.0292847    0.107272      0.2730   0.7853   
  DMonth_3     0.119287     0.101137      1.179    0.2402   
  DMonth_4     0.136941     0.101137      1.354    0.1779   
  DMonth_5     0.115084     0.101351      1.136    0.2581   
  DMonth_6     0.156931     0.107587      1.459    0.1469   
  DMonth_7     0.0958850    0.107272      0.8939   0.3729   
  DMonth_8     0.276597     0.110076      2.513    0.0131    **
  DMonth_9     0.0693897    0.108527      0.6394   0.5236   
  DMonth_10    0.103394     0.108527      0.9527   0.3424   
  DMonth_11    0.238683     0.107272      2.225    0.0277    **
  DMonth_12    0.163041     0.107272      1.520    0.1308   
  quelfeb      0.252909     0.217580      1.162    0.2470   
  Blitz       −0.353002     0.345615     −1.021    0.3088   
  other_bl    −0.135332     0.0987511    −1.370    0.1727   

Mean dependent var   5.157383   S.D. dependent var   0.301685
Sum squared resid    10.89350   S.E. of regression   0.276974
R-squared            0.242463   Adjusted R-squared   0.157106
F(16, 142)           2.840593   P-value(F)           0.000500
Log-likelihood      −12.49257   Akaike criterion     58.98515
Schwarz criterion    111.1565   Hannan-Quinn         80.17138
rho                  0.358163   Durbin-Watson        1.253614

Excluding the constant, p-value was highest for variable 34 (DMonth_2)

# Tutti i blitz di Milano insieme:
? other_bl = (GE && (time==38 || time==42 || time==44 || time=45 || time==46)) \
  || (TO && (time == 44 || time == 45 || time == 46) )
Replaced series other_bl (ID 48)
? time_bl = (time == 41 || time == 44  || time == 38)
Generated series time_bl (ID 49)
? MI_bl = MI && time_bl
Generated series MI_bl (ID 50)
? ols deb_risc const TO GE dummify(Month) MI_bl time_bl other_bl

Model 13: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

              coefficient   std. error   t-ratio   p-value 
  ---------------------------------------------------------
  const        195.538       26.5703      7.359    1.36e-11 ***
  TO             2.88845     18.6728      0.1547   0.8773  
  GE           185.870       18.8344      9.869    8.17e-18 ***
  DMonth_2      20.1414      34.9801      0.5758   0.5657  
  DMonth_3      27.4670      34.2587      0.8018   0.4240  
  DMonth_4      34.8625      34.2587      1.018    0.3106  
  DMonth_5      31.6470      35.0777      0.9022   0.3685  
  DMonth_6      38.8485      36.4901      1.065    0.2889  
  DMonth_7      20.6351      36.3369      0.5679   0.5710  
  DMonth_8      94.0151      37.5505      2.504    0.0134   **
  DMonth_9       9.25070     36.9459      0.2504   0.8027  
  DMonth_10     21.3436      36.9459      0.5777   0.5644  
  DMonth_11     82.3261      36.3369      2.266    0.0250   **
  DMonth_12     52.1579      36.3369      1.435    0.1534  
  MI_bl        −67.9682      70.6446     −0.9621   0.3376  
  time_bl      −11.3676      46.1666     −0.2462   0.8059  
  other_bl     −16.2912      40.0837     −0.4064   0.6850  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1249949   S.E. of regression   93.82143
R-squared            0.516178   Adjusted R-squared   0.461663
F(16, 142)           9.468514   P-value(F)           1.16e-15
Log-likelihood      −938.7031   Akaike criterion     1911.406
Schwarz criterion    1963.578   Hannan-Quinn         1932.592
rho                  0.284186   Durbin-Watson        1.422011

Excluding the constant, p-value was highest for variable 19 (TO)

# Giusto per scrupolo:
? tutti_bl = other_bl || MI_bl
Generated series tutti_bl (ID 51)
? tutti_t = time==38 || time == 41 || time==42 || time==44 || time=45 || \
  time==46
Generated series tutti_t (ID 52)
? ols deb_risc const TO GE dummify(Month) tutti_bl tutti_t

Model 14: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

              coefficient   std. error   t-ratio   p-value 
  ---------------------------------------------------------
  const        193.662       26.3467      7.351    1.39e-11 ***
  TO             5.81356     18.1764      0.3198   0.7496  
  GE           188.574       18.2619     10.33     5.06e-19 ***
  DMonth_2      19.3564      34.5401      0.5604   0.5761  
  DMonth_3      27.4670      34.1665      0.8039   0.4228  
  DMonth_4      34.8625      34.1665      1.020    0.3093  
  DMonth_5      31.2532      34.6318      0.9024   0.3683  
  DMonth_6      45.5044      36.9227      1.232    0.2198  
  DMonth_7      20.6351      36.2391      0.5694   0.5700  
  DMonth_8      92.5450      37.0655      2.497    0.0137   **
  DMonth_9      15.4178      36.7883      0.4191   0.6758  
  DMonth_10     27.5107      36.7883      0.7478   0.4558  
  DMonth_11     82.3261      36.2391      2.272    0.0246   **
  DMonth_12     52.1579      36.2391      1.439    0.1523  
  tutti_bl     −10.4247      46.7651     −0.2229   0.8239  
  tutti_t      −28.5793      38.0095     −0.7519   0.4533  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1251983   S.E. of regression   93.56884
R-squared            0.515390   Adjusted R-squared   0.464557
F(15, 143)           10.13886   P-value(F)           3.95e-16
Log-likelihood      −938.8324   Akaike criterion     1909.665
Schwarz criterion    1958.767   Hannan-Quinn         1929.605
rho                  0.283804   Durbin-Watson        1.423175

Excluding the constant, p-value was highest for variable 51 (tutti_bl)

# Anche Genova:
? quelgen = time == 37
Generated series quelgen (ID 53)
? blitz_g = (GE && quelgen)
Generated series blitz_g (ID 54)
? ols deb_risc const TO GE dummify(Month) quelgen blitz_g quelfeb Blitz

Model 15: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

              coefficient   std. error   t-ratio   p-value 
  ---------------------------------------------------------
  const        193.774        29.3557     6.601    7.69e-10 ***
  TO             4.27376      18.5163     0.2308   0.8178  
  GE           185.833        18.6500     9.964    4.93e-18 ***
  DMonth_2       9.95945      38.6360     0.2578   0.7970  
  DMonth_3      28.7822       36.6533     0.7853   0.4336  
  DMonth_4      36.1776       36.6533     0.9870   0.3253  
  DMonth_5      26.1574       36.6533     0.7136   0.4766  
  DMonth_6      38.8060       38.6360     1.004    0.3169  
  DMonth_7      21.9502       38.6360     0.5681   0.5709  
  DMonth_8      84.1091       38.6360     2.177    0.0311   **
  DMonth_9       7.85063      38.6360     0.2032   0.8393  
  DMonth_10     19.9435       38.6360     0.5162   0.6065  
  DMonth_11     83.6412       38.6360     2.165    0.0321   **
  DMonth_12     53.4730       38.6360     1.384    0.1685  
  quelgen       −7.69725      72.4805    −0.1062   0.9156  
  blitz_g       42.8186      117.022      0.3659   0.7150  
  quelfeb       45.2343       72.4805     0.6241   0.5336  
  Blitz        −81.6094      117.022     −0.6974   0.4867  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1262855   S.E. of regression   94.63836
R-squared            0.511182   Adjusted R-squared   0.452247
F(17, 141)           8.673592   P-value(F)           7.04e-15
Log-likelihood      −939.5198   Akaike criterion     1915.040
Schwarz criterion    1970.280   Hannan-Quinn         1937.472
rho                  0.296522   Durbin-Watson        1.398214

Excluding the constant, p-value was highest for variable 53 (quelgen)

? ols deb_log const TO GE dummify(Month) quelgen blitz_g quelfeb Blitz

Model 16: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_log

              coefficient   std. error   t-ratio     p-value 
  -----------------------------------------------------------
  const        5.18684      0.0867247    59.81      4.44e-102 ***
  TO          −0.141971     0.0547022    −2.595     0.0104    **
  GE          −0.314603     0.0550971    −5.710     6.43e-08  ***
  DMonth_2     0.0368687    0.114141      0.3230    0.7472   
  DMonth_3     0.126871     0.108284      1.172     0.2433   
  DMonth_4     0.144525     0.108284      1.335     0.1841   
  DMonth_5     0.113646     0.108284      1.050     0.2957   
  DMonth_6     0.153237     0.114141      1.343     0.1816   
  DMonth_7     0.103469     0.114141      0.9065    0.3662   
  DMonth_8     0.250348     0.114141      2.193     0.0299    **
  DMonth_9     0.0544184    0.114141      0.4768    0.6343   
  DMonth_10    0.0884231    0.114141      0.7747    0.4398   
  DMonth_11    0.246267     0.114141      2.158     0.0327    **
  DMonth_12    0.170626     0.114141      1.495     0.1372   
  quelgen     −0.00776559   0.214127     −0.03627   0.9711   
  blitz_g      0.137058     0.345716      0.3964    0.6924   
  quelfeb      0.186983     0.214127      0.8732    0.3840   
  Blitz       −0.290558     0.345716     −0.8405    0.4021   

Mean dependent var   5.157383   S.D. dependent var   0.301685
Sum squared resid    11.02184   S.E. of regression   0.279587
R-squared            0.233538   Adjusted R-squared   0.141127
F(17, 141)           2.527181   P-value(F)           0.001556
Log-likelihood      −13.42372   Akaike criterion     62.84744
Schwarz criterion    118.0877   Hannan-Quinn         85.27993
rho                  0.369798   Durbin-Watson        1.231252

Excluding the constant, p-value was highest for variable 53 (quelgen)

? smpl --full
Full data range: 1:01 - 7:53 (n = 371)

# placebo:
? loop b=1..53
> blitz_plac = const - const
> smpl --replace --restrict MI
> blitz_plac = (time == b)
> smpl --replace --restrict Cit < 4
> ols deb_risc const MI GE dummify(Month) quelfeb blitz_plac
> endloop
loop: b = 1

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 17: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error    t-ratio    p-value 
  ------------------------------------------------------------
  const        205.383        27.0768      7.585      3.87e-12 ***
  MI            −4.00837      18.3280     −0.2187     0.8272  
  GE           182.367        18.2348     10.00       3.51e-18 ***
  DMonth_2       2.26598      36.9358      0.06135    0.9512  
  DMonth_3      21.0887       34.8912      0.6044     0.5465  
  DMonth_4      28.4841       34.8912      0.8164     0.4156  
  DMonth_5      18.4640       34.8912      0.5292     0.5975  
  DMonth_6      31.1125       36.9358      0.8423     0.4010  
  DMonth_7      14.2567       36.9358      0.3860     0.7001  
  DMonth_8      76.4156       36.9358      2.069      0.0404   **
  DMonth_9       0.157164     36.9358      0.004255   0.9966  
  DMonth_10     12.2500       36.9358      0.3317     0.7406  
  DMonth_11     75.9477       36.9358      2.056      0.0416   **
  DMonth_12     45.7796       36.9358      1.239      0.2172  
  quelfeb       18.0311       60.5925      0.2976     0.7665  
  blitz_plac   −95.6751       97.8256     −0.9780     0.3297  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1260042   S.E. of regression   93.86950
R-squared            0.512271   Adjusted R-squared   0.461111
F(15, 143)           10.01304   P-value(F)           6.01e-16
Log-likelihood      −939.3425   Akaike criterion     1910.685
Schwarz criterion    1959.787   Hannan-Quinn         1930.625
rho                  0.294569   Durbin-Watson        1.408385

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 2

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 18: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         198.934       26.4119      7.532    5.18e-12 ***
  MI             −3.79469     18.3157     −0.2072   0.8362  
  GE            182.367       18.2209     10.01     3.35e-18 ***
  DMonth_2       17.5610      37.2463      0.4715   0.6380  
  DMonth_3       27.4670      34.2501      0.8020   0.4239  
  DMonth_4       34.8625      34.2501      1.018    0.3105  
  DMonth_5       24.8423      34.2501      0.7253   0.4694  
  DMonth_6       37.4909      36.3278      1.032    0.3038  
  DMonth_7       20.6351      36.3278      0.5680   0.5709  
  DMonth_8       82.7939      36.3278      2.279    0.0241   **
  DMonth_9        6.53550     36.3278      0.1799   0.8575  
  DMonth_10      18.6284      36.3278      0.5128   0.6089  
  DMonth_11      82.3261      36.3278      2.266    0.0249   **
  DMonth_12      52.1579      36.3278      1.436    0.1533  
  quelfeb         9.11445     61.1018      0.1492   0.8816  
  blitz_plac   −107.000       98.6478     −1.085    0.2799  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1258120   S.E. of regression   93.79786
R-squared            0.513015   Adjusted R-squared   0.461933
F(15, 143)           10.04291   P-value(F)           5.44e-16
Log-likelihood      −939.2211   Akaike criterion     1910.442
Schwarz criterion    1959.545   Hannan-Quinn         1930.382
rho                  0.289527   Durbin-Watson        1.411977

Excluding the constant, p-value was highest for variable 33 (quelfeb)

loop: b = 3

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 19: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.179       26.4755      7.523    5.44e-12 ***
  MI             −4.52851     18.3582     −0.2467   0.8055  
  GE            182.367       18.2649      9.985    3.87e-18 ***
  DMonth_2        8.64432     36.4154      0.2374   0.8127  
  DMonth_3       32.0075      34.9487      0.9158   0.3613  
  DMonth_4       34.8625      34.3328      1.015    0.3116  
  DMonth_5       24.8423      34.3328      0.7236   0.4705  
  DMonth_6       37.4909      36.4154      1.030    0.3050  
  DMonth_7       20.6351      36.4154      0.5667   0.5718  
  DMonth_8       82.7939      36.4154      2.274    0.0245   **
  DMonth_9        6.53550     36.4154      0.1795   0.8578  
  DMonth_10      18.6284      36.4154      0.5116   0.6098  
  DMonth_11      82.3261      36.4154      2.261    0.0253   **
  DMonth_12      52.1579      36.4154      1.432    0.1542  
  quelfeb        18.0311      60.6924      0.2971   0.7668  
  blitz_plac    −68.1076      97.9869     −0.6951   0.4881  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1264199   S.E. of regression   94.02423
R-squared            0.510662   Adjusted R-squared   0.459333
F(15, 143)           9.948766   P-value(F)           7.46e-16
Log-likelihood      −939.6043   Akaike criterion     1911.209
Schwarz criterion    1960.311   Hannan-Quinn         1931.149
rho                  0.306208   Durbin-Watson        1.378900

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 4

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 20: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         200.933       26.0887      7.702    2.03e-12 ***
  MI             −9.79193     18.0900     −0.5413   0.5892  
  GE            182.367       17.9981     10.13     1.60e-18 ***
  DMonth_2        8.64432     35.8835      0.2409   0.8100  
  DMonth_3       27.4670      33.8313      0.8119   0.4182  
  DMonth_4       20.8056      34.4382      0.6041   0.5467  
  DMonth_5       24.8423      33.8313      0.7343   0.4640  
  DMonth_6       37.4909      35.8835      1.045    0.2979  
  DMonth_7       20.6351      35.8835      0.5751   0.5662  
  DMonth_8       82.7939      35.8835      2.307    0.0225   **
  DMonth_9        6.53550     35.8835      0.1821   0.8557  
  DMonth_10      18.6284      35.8835      0.5191   0.6045  
  DMonth_11      82.3261      35.8835      2.294    0.0232   **
  DMonth_12      52.1579      35.8835      1.454    0.1483  
  quelfeb        18.0311      59.8058      0.3015   0.7635  
  blitz_plac    210.853       96.5555      2.184    0.0306   **

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1227535   S.E. of regression   92.65073
R-squared            0.524854   Adjusted R-squared   0.475013
F(15, 143)           10.53067   P-value(F)           1.08e-16
Log-likelihood      −937.2645   Akaike criterion     1906.529
Schwarz criterion    1955.632   Hannan-Quinn         1926.469
rho                  0.328033   Durbin-Watson        1.335840

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 5

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 21: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.317       26.4997      7.521    5.49e-12 ***
  MI             −4.94329     18.3750     −0.2690   0.7883  
  GE            182.367       18.2816      9.975    4.08e-18 ***
  DMonth_2        8.64432     36.4487      0.2372   0.8129  
  DMonth_3       27.4670      34.3642      0.7993   0.4254  
  DMonth_4       34.8625      34.3642      1.014    0.3121  
  DMonth_5       27.9172      34.9807      0.7981   0.4261  
  DMonth_6       37.4909      36.4487      1.029    0.3054  
  DMonth_7       20.6351      36.4487      0.5661   0.5722  
  DMonth_8       82.7939      36.4487      2.272    0.0246   **
  DMonth_9        6.53550     36.4487      0.1793   0.8580  
  DMonth_10      18.6284      36.4487      0.5111   0.6101  
  DMonth_11      82.3261      36.4487      2.259    0.0254   **
  DMonth_12      52.1579      36.4487      1.431    0.1546  
  quelfeb        18.0311      60.7479      0.2968   0.7670  
  blitz_plac    −46.1241      98.0764     −0.4703   0.6389  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1266512   S.E. of regression   94.11018
R-squared            0.509767   Adjusted R-squared   0.458344
F(15, 143)           9.913199   P-value(F)           8.41e-16
Log-likelihood      −939.7496   Akaike criterion     1911.499
Schwarz criterion    1960.602   Hannan-Quinn         1931.439
rho                  0.305023   Durbin-Watson        1.381143

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 6

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 22: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.101       26.4591      7.525    5.39e-12 ***
  MI             −4.29563     18.3484     −0.2341   0.8152  
  GE            182.367       18.2535      9.991    3.73e-18 ***
  DMonth_2        8.64432     36.3927      0.2375   0.8126  
  DMonth_3       27.4670      34.3113      0.8005   0.4247  
  DMonth_4       34.8625      34.3113      1.016    0.3113  
  DMonth_5       24.8423      34.3113      0.7240   0.4702  
  DMonth_6       44.1951      37.3128      1.184    0.2382  
  DMonth_7       20.6351      36.3927      0.5670   0.5716  
  DMonth_8       82.7939      36.3927      2.275    0.0244   **
  DMonth_9        6.53550     36.3927      0.1796   0.8577  
  DMonth_10      18.6284      36.3927      0.5119   0.6095  
  DMonth_11      82.3261      36.3927      2.262    0.0252   **
  DMonth_12      52.1579      36.3927      1.433    0.1540  
  quelfeb        18.0311      60.6544      0.2973   0.7667  
  blitz_plac    −80.4503      98.8241     −0.8141   0.4170  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1262619   S.E. of regression   93.96544
R-squared            0.511274   Adjusted R-squared   0.460009
F(15, 143)           9.973152   P-value(F)           6.87e-16
Log-likelihood      −939.5049   Akaike criterion     1911.010
Schwarz criterion    1960.112   Hannan-Quinn         1930.950
rho                  0.296183   Durbin-Watson        1.398820

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 7

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 23: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.402       26.5103      7.522    5.48e-12 ***
  MI             −5.19888     18.3840     −0.2828   0.7777  
  GE            182.367       18.2888      9.972    4.18e-18 ***
  DMonth_2        8.64432     36.4631      0.2371   0.8129  
  DMonth_3       27.4670      34.3777      0.7990   0.4256  
  DMonth_4       34.8625      34.3777      1.014    0.3122  
  DMonth_5       24.8423      34.3777      0.7226   0.4711  
  DMonth_6       37.4909      36.4631      1.028    0.3056  
  DMonth_7       23.3499      37.3850      0.6246   0.5332  
  DMonth_8       82.7939      36.4631      2.271    0.0247   **
  DMonth_9        6.53550     36.4631      0.1792   0.8580  
  DMonth_10      18.6284      36.4631      0.5109   0.6102  
  DMonth_11      82.3261      36.4631      2.258    0.0255   **
  DMonth_12      52.1579      36.4631      1.430    0.1548  
  quelfeb        18.0311      60.7718      0.2967   0.7671  
  blitz_plac    −32.5780      99.0153     −0.3290   0.7426  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1267511   S.E. of regression   94.14730
R-squared            0.509380   Adjusted R-squared   0.457916
F(15, 143)           9.897867   P-value(F)           8.85e-16
Log-likelihood      −939.8123   Akaike criterion     1911.625
Schwarz criterion    1960.727   Hannan-Quinn         1931.565
rho                  0.313037   Durbin-Watson        1.365408

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 8

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 24: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         203.565       22.4668      9.061    8.91e-16 ***
  MI            −17.6886      15.5800     −1.135    0.2581  
  GE            182.367       15.4993     11.77     8.91e-23 ***
  DMonth_2        8.64432     30.9016      0.2797   0.7801  
  DMonth_3       27.4670      29.1343      0.9428   0.3474  
  DMonth_4       34.8625      29.1343      1.197    0.2334  
  DMonth_5       24.8423      29.1343      0.8527   0.3953  
  DMonth_6       37.4909      30.9016      1.213    0.2270  
  DMonth_7       20.6351      30.9016      0.6678   0.5054  
  DMonth_8       30.3458      31.6829      0.9578   0.3398  
  DMonth_9        6.53550     30.9016      0.2115   0.8328  
  DMonth_10      18.6284      30.9016      0.6028   0.5476  
  DMonth_11      82.3261      30.9016      2.664    0.0086   ***
  DMonth_12      52.1579      30.9016      1.688    0.0936   *
  quelfeb        18.0311      51.5027      0.3501   0.7268  
  blitz_plac    629.378       83.9131      7.500    6.16e-12 ***

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid    910346.7   S.E. of regression   79.78760
R-squared            0.647629   Adjusted R-squared   0.610667
F(15, 143)           17.52148   P-value(F)           2.14e-25
Log-likelihood      −913.4990   Akaike criterion     1858.998
Schwarz criterion    1908.100   Hannan-Quinn         1878.938
rho                  0.441616   Durbin-Watson        1.108223

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 9

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 25: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.537       26.5191      7.524    5.40e-12 ***
  MI             −5.60343     18.3901     −0.3047   0.7610  
  GE            182.367       18.2949      9.968    4.26e-18 ***
  DMonth_2        8.64432     36.4753      0.2370   0.8130  
  DMonth_3       27.4670      34.3892      0.7987   0.4258  
  DMonth_4       34.8625      34.3892      1.014    0.3124  
  DMonth_5       24.8423      34.3892      0.7224   0.4712  
  DMonth_6       37.4909      36.4753      1.028    0.3058  
  DMonth_7       20.6351      36.4753      0.5657   0.5725  
  DMonth_8       82.7939      36.4753      2.270    0.0247   **
  DMonth_9        7.46359     37.3975      0.1996   0.8421  
  DMonth_10      18.6284      36.4753      0.5107   0.6103  
  DMonth_11      82.3261      36.4753      2.257    0.0255   **
  DMonth_12      52.1579      36.4753      1.430    0.1549  
  quelfeb        18.0311      60.7921      0.2966   0.7672  
  blitz_plac    −11.1370      99.0484     −0.1124   0.9106  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1268358   S.E. of regression   94.17876
R-squared            0.509052   Adjusted R-squared   0.457554
F(15, 143)           9.884885   P-value(F)           9.25e-16
Log-likelihood      −939.8654   Akaike criterion     1911.731
Schwarz criterion    1960.833   Hannan-Quinn         1931.671
rho                  0.304757   Durbin-Watson        1.381952

Excluding the constant, p-value was highest for variable 55 (blitz_plac)

loop: b = 10

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 26: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.355       26.5051      7.521    5.49e-12 ***
  MI             −5.05693     18.3804     −0.2751   0.7836  
  GE            182.367       18.2852      9.973    4.13e-18 ***
  DMonth_2        8.64432     36.4560      0.2371   0.8129  
  DMonth_3       27.4670      34.3710      0.7991   0.4255  
  DMonth_4       34.8625      34.3710      1.014    0.3122  
  DMonth_5       24.8423      34.3710      0.7228   0.4710  
  DMonth_6       37.4909      36.4560      1.028    0.3055  
  DMonth_7       20.6351      36.4560      0.5660   0.5723  
  DMonth_8       82.7939      36.4560      2.271    0.0246   **
  DMonth_9        6.53550     36.4560      0.1793   0.8580  
  DMonth_10      21.9701      37.3777      0.5878   0.5576  
  DMonth_11      82.3261      36.4560      2.258    0.0254   **
  DMonth_12      52.1579      36.4560      1.431    0.1547  
  quelfeb        18.0311      60.7600      0.2968   0.7671  
  blitz_plac    −40.1012      98.9960     −0.4051   0.6860  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1267017   S.E. of regression   94.12894
R-squared            0.509571   Adjusted R-squared   0.458128
F(15, 143)           9.905448   P-value(F)           8.63e-16
Log-likelihood      −939.7813   Akaike criterion     1911.563
Schwarz criterion    1960.665   Hannan-Quinn         1931.503
rho                  0.303552   Durbin-Watson        1.384275

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 11

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 27: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         200.382       26.3763      7.597    3.62e-12 ***
  MI             −8.13942     18.2911     −0.4450   0.6570  
  GE            182.367       18.1964     10.02     3.09e-18 ***
  DMonth_2        8.64432     36.2788      0.2383   0.8120  
  DMonth_3       27.4670      34.2040      0.8030   0.4233  
  DMonth_4       34.8625      34.2040      1.019    0.3098  
  DMonth_5       24.8423      34.2040      0.7263   0.4688  
  DMonth_6       37.4909      36.2788      1.033    0.3032  
  DMonth_7       20.6351      36.2788      0.5688   0.5704  
  DMonth_8       82.7939      36.2788      2.282    0.0240   **
  DMonth_9        6.53550     36.2788      0.1801   0.8573  
  DMonth_10      18.6284      36.2788      0.5135   0.6084  
  DMonth_11      72.0535      37.1961      1.937    0.0547   *
  DMonth_12      52.1579      36.2788      1.438    0.1527  
  quelfeb        18.0311      60.4647      0.2982   0.7660  
  blitz_plac    123.270       98.5150      1.251    0.2129  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1254732   S.E. of regression   93.67151
R-squared            0.514326   Adjusted R-squared   0.463382
F(15, 143)           10.09576   P-value(F)           4.56e-16
Log-likelihood      −939.0068   Akaike criterion     1910.014
Schwarz criterion    1959.116   Hannan-Quinn         1929.954
rho                  0.310324   Durbin-Watson        1.371087

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 12

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 28: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.367       26.5065      7.521    5.49e-12 ***
  MI             −5.09249     18.3813     −0.2770   0.7821  
  GE            182.367       18.2862      9.973    4.15e-18 ***
  DMonth_2        8.64432     36.4579      0.2371   0.8129  
  DMonth_3       27.4670      34.3728      0.7991   0.4256  
  DMonth_4       34.8625      34.3728      1.014    0.3122  
  DMonth_5       24.8423      34.3728      0.7227   0.4710  
  DMonth_6       37.4909      36.4579      1.028    0.3055  
  DMonth_7       20.6351      36.4579      0.5660   0.5723  
  DMonth_8       82.7939      36.4579      2.271    0.0246   **
  DMonth_9        6.53550     36.4579      0.1793   0.8580  
  DMonth_10      18.6284      36.4579      0.5110   0.6102  
  DMonth_11      82.3261      36.4579      2.258    0.0255   **
  DMonth_12      55.3426      37.3797      1.481    0.1409  
  quelfeb        18.0311      60.7632      0.2967   0.7671  
  blitz_plac    −38.2167      99.0012     −0.3860   0.7001  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1267150   S.E. of regression   94.13389
R-squared            0.509520   Adjusted R-squared   0.458071
F(15, 143)           9.903401   P-value(F)           8.69e-16
Log-likelihood      −939.7897   Akaike criterion     1911.579
Schwarz criterion    1960.682   Hannan-Quinn         1931.519
rho                  0.303563   Durbin-Watson        1.384258

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 13

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 29: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio    p-value 
  -----------------------------------------------------------
  const         199.442       27.1672      7.341     1.47e-11 ***
  MI             −5.86493     18.3891     −0.3189    0.7502  
  GE            182.367       18.2957      9.968     4.28e-18 ***
  DMonth_2        8.82582     37.0591      0.2382    0.8121  
  DMonth_3       27.6485      35.0076      0.7898    0.4310  
  DMonth_4       35.0440      35.0076      1.001     0.3185  
  DMonth_5       25.0238      35.0076      0.7148    0.4759  
  DMonth_6       37.6724      37.0591      1.017     0.3111  
  DMonth_7       20.8166      37.0591      0.5617    0.5752  
  DMonth_8       82.9754      37.0591      2.239     0.0267   **
  DMonth_9        6.71700     37.0591      0.1813    0.8564  
  DMonth_10      18.8099      37.0591      0.5076    0.6125  
  DMonth_11      82.5076      37.0591      2.226     0.0276   **
  DMonth_12      52.3394      37.0591      1.412     0.1600  
  quelfeb        18.0311      60.7947      0.2966    0.7672  
  blitz_plac      2.72243     98.1520      0.02774   0.9779  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1268464   S.E. of regression   94.18267
R-squared            0.509011   Adjusted R-squared   0.457509
F(15, 143)           9.883273   P-value(F)           9.30e-16
Log-likelihood      −939.8720   Akaike criterion     1911.744
Schwarz criterion    1960.847   Hannan-Quinn         1931.684
rho                  0.299924   Durbin-Watson        1.391631

Excluding the constant, p-value was highest for variable 55 (blitz_plac)

loop: b = 14

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 30: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error    t-ratio     p-value 
  -------------------------------------------------------------
  const        200.257        26.4190      7.580       3.98e-12 ***
  MI            −7.76533      18.3207     −0.4239      0.6723  
  GE           182.367        18.2258     10.01        3.41e-18 ***
  DMonth_2       0.0240008    37.2563      0.0006442   0.9995  
  DMonth_3      27.4670       34.2593      0.8017      0.4240  
  DMonth_4      34.8625       34.2593      1.018       0.3106  
  DMonth_5      24.8423       34.2593      0.7251      0.4696  
  DMonth_6      37.4909       36.3375      1.032       0.3039  
  DMonth_7      20.6351       36.3375      0.5679      0.5710  
  DMonth_8      82.7939       36.3375      2.278       0.0242   **
  DMonth_9       6.53550      36.3375      0.1799      0.8575  
  DMonth_10     18.6284       36.3375      0.5126      0.6090  
  DMonth_11     82.3261       36.3375      2.266       0.0250   **
  DMonth_12     52.1579       36.3375      1.435       0.1534  
  quelfeb       26.6515       61.1182      0.4361      0.6634  
  blitz_plac   103.444        98.6744      1.048       0.2963  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1258796   S.E. of regression   93.82308
R-squared            0.512753   Adjusted R-squared   0.461644
F(15, 143)           10.03239   P-value(F)           5.63e-16
Log-likelihood      −939.2638   Akaike criterion     1910.528
Schwarz criterion    1959.630   Hannan-Quinn         1930.468
rho                  0.294137   Durbin-Watson        1.403305

Excluding the constant, p-value was highest for variable 34 (DMonth_2)

loop: b = 15

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 31: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         200.262       26.4157      7.581    3.95e-12 ***
  MI             −7.77749     18.3167     −0.4246   0.6718  
  GE            182.367       18.2236     10.01     3.38e-18 ***
  DMonth_2        8.64432     36.3332      0.2379   0.8123  
  DMonth_3       20.5278      34.8698      0.5887   0.5570  
  DMonth_4       34.8625      34.2552      1.018    0.3105  
  DMonth_5       24.8423      34.2552      0.7252   0.4695  
  DMonth_6       37.4909      36.3332      1.032    0.3039  
  DMonth_7       20.6351      36.3332      0.5679   0.5710  
  DMonth_8       82.7939      36.3332      2.279    0.0242   **
  DMonth_9        6.53550     36.3332      0.1799   0.8575  
  DMonth_10      18.6284      36.3332      0.5127   0.6089  
  DMonth_11      82.3261      36.3332      2.266    0.0250   **
  DMonth_12      52.1579      36.3332      1.436    0.1533  
  quelfeb        18.0311      60.5553      0.2978   0.7663  
  blitz_plac    104.088       97.7655      1.065    0.2888  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1258495   S.E. of regression   93.81185
R-squared            0.512870   Adjusted R-squared   0.461773
F(15, 143)           10.03708   P-value(F)           5.55e-16
Log-likelihood      −939.2448   Akaike criterion     1910.490
Schwarz criterion    1959.592   Hannan-Quinn         1930.430
rho                  0.296114   Durbin-Watson        1.399367

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 16

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 32: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.489       26.5168      7.523    5.44e-12 ***
  MI             −5.45996     18.3869     −0.2969   0.7669  
  GE            182.367       18.2934      9.969    4.24e-18 ***
  DMonth_2        8.64432     36.4722      0.2370   0.8130  
  DMonth_3       27.4670      34.3864      0.7988   0.4257  
  DMonth_4       36.1119      35.0033      1.032    0.3040  
  DMonth_5       24.8423      34.3864      0.7224   0.4712  
  DMonth_6       37.4909      36.4722      1.028    0.3057  
  DMonth_7       20.6351      36.4722      0.5658   0.5724  
  DMonth_8       82.7939      36.4722      2.270    0.0247   **
  DMonth_9        6.53550     36.4722      0.1792   0.8580  
  DMonth_10      18.6284      36.4722      0.5108   0.6103  
  DMonth_11      82.3261      36.4722      2.257    0.0255   **
  DMonth_12      52.1579      36.4722      1.430    0.1549  
  quelfeb        18.0311      60.7871      0.2966   0.7672  
  blitz_plac    −18.7409      98.1397     −0.1910   0.8488  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1268147   S.E. of regression   94.17092
R-squared            0.509134   Adjusted R-squared   0.457644
F(15, 143)           9.888120   P-value(F)           9.15e-16
Log-likelihood      −939.8522   Akaike criterion     1911.704
Schwarz criterion    1960.807   Hannan-Quinn         1931.644
rho                  0.303610   Durbin-Watson        1.384218

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 17

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 33: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         200.568       26.2943      7.628    3.06e-12 ***
  MI             −8.69767     18.2326     −0.4770   0.6341  
  GE            182.367       18.1399     10.05     2.57e-18 ***
  DMonth_2        8.64432     36.1662      0.2390   0.8114  
  DMonth_3       27.4670      34.0979      0.8055   0.4218  
  DMonth_4       34.8625      34.0979      1.022    0.3083  
  DMonth_5       14.6518      34.7096      0.4221   0.6736  
  DMonth_6       37.4909      36.1662      1.037    0.3017  
  DMonth_7       20.6351      36.1662      0.5706   0.5692  
  DMonth_8       82.7939      36.1662      2.289    0.0235   **
  DMonth_9        6.53550     36.1662      0.1807   0.8569  
  DMonth_10      18.6284      36.1662      0.5151   0.6073  
  DMonth_11      82.3261      36.1662      2.276    0.0243   **
  DMonth_12      52.1579      36.1662      1.442    0.1514  
  quelfeb        18.0311      60.2771      0.2991   0.7653  
  blitz_plac    152.858       97.3163      1.571    0.1185  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1246957   S.E. of regression   93.38082
R-squared            0.517336   Adjusted R-squared   0.466707
F(15, 143)           10.21816   P-value(F)           3.03e-16
Log-likelihood      −938.5126   Akaike criterion     1909.025
Schwarz criterion    1958.128   Hannan-Quinn         1928.965
rho                  0.309367   Durbin-Watson        1.373494

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 18

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 34: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.469       26.5157      7.523    5.45e-12 ***
  MI             −5.39859     18.3877     −0.2936   0.7695  
  GE            182.367       18.2926      9.969    4.23e-18 ***
  DMonth_2        8.64432     36.4706      0.2370   0.8130  
  DMonth_3       27.4670      34.3848      0.7988   0.4257  
  DMonth_4       34.8625      34.3848      1.014    0.3123  
  DMonth_5       24.8423      34.3848      0.7225   0.4712  
  DMonth_6       39.3237      37.3927      1.052    0.2947  
  DMonth_7       20.6351      36.4706      0.5658   0.5724  
  DMonth_8       82.7939      36.4706      2.270    0.0247   **
  DMonth_9        6.53550     36.4706      0.1792   0.8580  
  DMonth_10      18.6284      36.4706      0.5108   0.6103  
  DMonth_11      82.3261      36.4706      2.257    0.0255   **
  DMonth_12      52.1579      36.4706      1.430    0.1549  
  quelfeb        18.0311      60.7843      0.2966   0.7672  
  blitz_plac    −21.9936      99.0357     −0.2221   0.8246  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1268033   S.E. of regression   94.16669
R-squared            0.509178   Adjusted R-squared   0.457693
F(15, 143)           9.889865   P-value(F)           9.09e-16
Log-likelihood      −939.8451   Akaike criterion     1911.690
Schwarz criterion    1960.793   Hannan-Quinn         1931.630
rho                  0.302200   Durbin-Watson        1.387017

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 19

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 35: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.512       26.5182      7.524    5.42e-12 ***
  MI             −5.52977     18.3894     −0.3007   0.7641  
  GE            182.367       18.2942      9.969    4.26e-18 ***
  DMonth_2        8.64432     36.4739      0.2370   0.8130  
  DMonth_3       27.4670      34.3880      0.7987   0.4258  
  DMonth_4       34.8625      34.3880      1.014    0.3124  
  DMonth_5       24.8423      34.3880      0.7224   0.4712  
  DMonth_6       37.4909      36.4739      1.028    0.3057  
  DMonth_7       21.8885      37.3962      0.5853   0.5593  
  DMonth_8       82.7939      36.4739      2.270    0.0247   **
  DMonth_9        6.53550     36.4739      0.1792   0.8580  
  DMonth_10      18.6284      36.4739      0.5107   0.6103  
  DMonth_11      82.3261      36.4739      2.257    0.0255   **
  DMonth_12      52.1579      36.4739      1.430    0.1549  
  quelfeb        18.0311      60.7899      0.2966   0.7672  
  blitz_plac    −15.0410      99.0448     −0.1519   0.8795  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1268266   S.E. of regression   94.17533
R-squared            0.509088   Adjusted R-squared   0.457594
F(15, 143)           9.886300   P-value(F)           9.20e-16
Log-likelihood      −939.8597   Akaike criterion     1911.719
Schwarz criterion    1960.822   Hannan-Quinn         1931.659
rho                  0.298833   Durbin-Watson        1.393739

Excluding the constant, p-value was highest for variable 55 (blitz_plac)

loop: b = 20

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 36: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.020       26.4378      7.528    5.30e-12 ***
  MI             −4.05206     18.3337     −0.2210   0.8254  
  GE            182.367       18.2388      9.999    3.55e-18 ***
  DMonth_2        8.64432     36.3634      0.2377   0.8124  
  DMonth_3       27.4670      34.2838      0.8012   0.4244  
  DMonth_4       34.8625      34.2838      1.017    0.3109  
  DMonth_5       24.8423      34.2838      0.7246   0.4699  
  DMonth_6       37.4909      36.3634      1.031    0.3043  
  DMonth_7       20.6351      36.3634      0.5675   0.5713  
  DMonth_8       90.5739      37.2828      2.429    0.0164   **
  DMonth_9        6.53550     36.3634      0.1797   0.8576  
  DMonth_10      18.6284      36.3634      0.5123   0.6092  
  DMonth_11      82.3261      36.3634      2.264    0.0251   **
  DMonth_12      52.1579      36.3634      1.434    0.1537  
  quelfeb        18.0311      60.6057      0.2975   0.7665  
  blitz_plac    −93.3598      98.7447     −0.9455   0.3460  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1260590   S.E. of regression   93.88992
R-squared            0.512059   Adjusted R-squared   0.460876
F(15, 143)           10.00454   P-value(F)           6.18e-16
Log-likelihood      −939.3771   Akaike criterion     1910.754
Schwarz criterion    1959.857   Hannan-Quinn         1930.694
rho                  0.299577   Durbin-Watson        1.392017

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 21

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 37: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.500       26.5176      7.523    5.43e-12 ***
  MI             −5.49313     18.3890     −0.2987   0.7656  
  GE            182.367       18.2938      9.969    4.25e-18 ***
  DMonth_2        8.64432     36.4731      0.2370   0.8130  
  DMonth_3       27.4670      34.3872      0.7988   0.4258  
  DMonth_4       34.8625      34.3872      1.014    0.3124  
  DMonth_5       24.8423      34.3872      0.7224   0.4712  
  DMonth_6       37.4909      36.4731      1.028    0.3057  
  DMonth_7       20.6351      36.4731      0.5658   0.5724  
  DMonth_8       82.7939      36.4731      2.270    0.0247   **
  DMonth_9        7.95073     37.3953      0.2126   0.8319  
  DMonth_10      18.6284      36.4731      0.5107   0.6103  
  DMonth_11      82.3261      36.4731      2.257    0.0255   **
  DMonth_12      52.1579      36.4731      1.430    0.1549  
  quelfeb        18.0311      60.7886      0.2966   0.7672  
  blitz_plac    −16.9827      99.0426     −0.1715   0.8641  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1268210   S.E. of regression   94.17324
R-squared            0.509110   Adjusted R-squared   0.457618
F(15, 143)           9.887160   P-value(F)           9.18e-16
Log-likelihood      −939.8561   Akaike criterion     1911.712
Schwarz criterion    1960.815   Hannan-Quinn         1931.652
rho                  0.300003   Durbin-Watson        1.391404

Excluding the constant, p-value was highest for variable 55 (blitz_plac)

loop: b = 22

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 38: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         200.151       26.4494      7.567    4.27e-12 ***
  MI             −7.44667     18.3418     −0.4060   0.6854  
  GE            182.367       18.2468      9.994    3.65e-18 ***
  DMonth_2        8.64432     36.3794      0.2376   0.8125  
  DMonth_3       27.4670      34.2988      0.8008   0.4246  
  DMonth_4       34.8625      34.2988      1.016    0.3111  
  DMonth_5       24.8423      34.2988      0.7243   0.4701  
  DMonth_6       37.4909      36.3794      1.031    0.3045  
  DMonth_7       20.6351      36.3794      0.5672   0.5715  
  DMonth_8       82.7939      36.3794      2.276    0.0243   **
  DMonth_9        6.53550     36.3794      0.1796   0.8577  
  DMonth_10      11.4155      37.2992      0.3061   0.7600  
  DMonth_11      82.3261      36.3794      2.263    0.0251   **
  DMonth_12      52.1579      36.3794      1.434    0.1538  
  quelfeb        18.0311      60.6323      0.2974   0.7666  
  blitz_plac     86.5550      98.7880      0.8762   0.3824  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1261697   S.E. of regression   93.93114
R-squared            0.511630   Adjusted R-squared   0.460403
F(15, 143)           9.987403   P-value(F)           6.55e-16
Log-likelihood      −939.4468   Akaike criterion     1910.894
Schwarz criterion    1959.996   Hannan-Quinn         1930.834
rho                  0.265942   Durbin-Watson        1.459435

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 23

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 39: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         203.323       22.9844      8.846    3.09e-15 ***
  MI            −16.9631      15.9389     −1.064    0.2890  
  GE            182.367       15.8564     11.50     4.39e-22 ***
  DMonth_2        8.64432     31.6134      0.2734   0.7849  
  DMonth_3       27.4670      29.8054      0.9215   0.3583  
  DMonth_4       34.8625      29.8054      1.170    0.2441  
  DMonth_5       24.8423      29.8054      0.8335   0.4060  
  DMonth_6       37.4909      31.6134      1.186    0.2376  
  DMonth_7       20.6351      31.6134      0.6527   0.5150  
  DMonth_8       82.7939      31.6134      2.619    0.0098   ***
  DMonth_9        6.53550     31.6134      0.2067   0.8365  
  DMonth_10      18.6284      31.6134      0.5893   0.5566  
  DMonth_11      33.0824      32.4128      1.021    0.3091  
  DMonth_12      52.1579      31.6134      1.650    0.1012  
  quelfeb        18.0311      52.6891      0.3422   0.7327  
  blitz_plac    590.924       85.8462      6.884    1.70e-10 ***

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid    952771.0   S.E. of regression   81.62557
R-squared            0.631208   Adjusted R-squared   0.592523
F(15, 143)           16.31680   P-value(F)           4.72e-24
Log-likelihood      −917.1202   Akaike criterion     1866.240
Schwarz criterion    1915.343   Hannan-Quinn         1886.180
rho                  0.105430   Durbin-Watson        1.777571

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 24

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 40: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         202.308       24.7160      8.185    1.36e-13 ***
  MI            −13.9161      17.1397     −0.8119   0.4182  
  GE            182.367       17.0510     10.70     5.56e-20 ***
  DMonth_2        8.64432     33.9952      0.2543   0.7996  
  DMonth_3       27.4670      32.0510      0.8570   0.3929  
  DMonth_4       34.8625      32.0510      1.088    0.2785  
  DMonth_5       24.8423      32.0510      0.7751   0.4396  
  DMonth_6       37.4909      33.9952      1.103    0.2720  
  DMonth_7       20.6351      33.9952      0.6070   0.5448  
  DMonth_8       82.7939      33.9952      2.435    0.0161   **
  DMonth_9        6.53550     33.9952      0.1922   0.8478  
  DMonth_10      18.6284      33.9952      0.5480   0.5846  
  DMonth_11      82.3261      33.9952      2.422    0.0167   **
  DMonth_12      16.3715      34.8547      0.4697   0.6393  
  quelfeb        18.0311      56.6587      0.3182   0.7508  
  blitz_plac    429.437       92.3138      4.652    7.42e-06 ***

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1101742   S.E. of regression   87.77523
R-squared            0.573545   Adjusted R-squared   0.528812
F(15, 143)           12.82150   P-value(F)           8.33e-20
Log-likelihood      −928.6694   Akaike criterion     1889.339
Schwarz criterion    1938.441   Hannan-Quinn         1909.279
rho                  0.133672   Durbin-Watson        1.722442

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 25

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 41: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         198.985       27.1662      7.325    1.60e-11 ***
  MI             −6.00774     18.3885     −0.3267   0.7444  
  GE            182.367       18.2950      9.968    4.27e-18 ***
  DMonth_2        9.33042     37.0577      0.2518   0.8016  
  DMonth_3       28.1531      35.0064      0.8042   0.4226  
  DMonth_4       35.5486      35.0064      1.015    0.3116  
  DMonth_5       25.5284      35.0064      0.7293   0.4670  
  DMonth_6       38.1770      37.0577      1.030    0.3047  
  DMonth_7       21.3212      37.0577      0.5754   0.5660  
  DMonth_8       83.4800      37.0577      2.253    0.0258   **
  DMonth_9        7.22160     37.0577      0.1949   0.8458  
  DMonth_10      19.3145      37.0577      0.5212   0.6030  
  DMonth_11      83.0122      37.0577      2.240    0.0266   **
  DMonth_12      52.8440      37.0577      1.426    0.1561  
  quelfeb        18.0311      60.7925      0.2966   0.7672  
  blitz_plac     10.2915      98.1485      0.1049   0.9166  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1268373   S.E. of regression   94.17930
R-squared            0.509046   Adjusted R-squared   0.457548
F(15, 143)           9.884661   P-value(F)           9.25e-16
Log-likelihood      −939.8664   Akaike criterion     1911.733
Schwarz criterion    1960.835   Hannan-Quinn         1931.673
rho                  0.296967   Durbin-Watson        1.397596

Excluding the constant, p-value was highest for variable 55 (blitz_plac)

loop: b = 26

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 42: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio    p-value 
  -----------------------------------------------------------
  const         199.564       26.5199      7.525     5.38e-12 ***
  MI             −5.68547     18.3906     −0.3092    0.7577  
  GE            182.367       18.2954      9.968     4.27e-18 ***
  DMonth_2        9.21005     37.3986      0.2463    0.8058  
  DMonth_3       27.4670      34.3902      0.7987    0.4258  
  DMonth_4       34.8625      34.3902      1.014     0.3124  
  DMonth_5       24.8423      34.3902      0.7224    0.4712  
  DMonth_6       37.4909      36.4763      1.028     0.3058  
  DMonth_7       20.6351      36.4763      0.5657    0.5725  
  DMonth_8       82.7939      36.4763      2.270     0.0247   **
  DMonth_9        6.53550     36.4763      0.1792    0.8581  
  DMonth_10      18.6284      36.4763      0.5107    0.6104  
  DMonth_11      82.3261      36.4763      2.257     0.0255   **
  DMonth_12      52.1579      36.4763      1.430     0.1549  
  quelfeb        17.4654      61.3516      0.2847    0.7763  
  blitz_plac     −6.78876     99.0512     −0.06854   0.9455  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1268429   S.E. of regression   94.18138
R-squared            0.509025   Adjusted R-squared   0.457524
F(15, 143)           9.883806   P-value(F)           9.28e-16
Log-likelihood      −939.8699   Akaike criterion     1911.740
Schwarz criterion    1960.842   Hannan-Quinn         1931.680
rho                  0.299941   Durbin-Watson        1.391554

Excluding the constant, p-value was highest for variable 55 (blitz_plac)

loop: b = 27

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 43: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.395       26.5093      7.522    5.48e-12 ***
  MI             −5.17831     18.3816     −0.2817   0.7786  
  GE            182.367       18.2882      9.972    4.17e-18 ***
  DMonth_2        8.64432     36.4619      0.2371   0.8129  
  DMonth_3       29.7116      34.9933      0.8491   0.3973  
  DMonth_4       34.8625      34.3766      1.014    0.3122  
  DMonth_5       24.8423      34.3766      0.7227   0.4711  
  DMonth_6       37.4909      36.4619      1.028    0.3056  
  DMonth_7       20.6351      36.4619      0.5659   0.5723  
  DMonth_8       82.7939      36.4619      2.271    0.0247   **
  DMonth_9        6.53550     36.4619      0.1792   0.8580  
  DMonth_10      18.6284      36.4619      0.5109   0.6102  
  DMonth_11      82.3261      36.4619      2.258    0.0255   **
  DMonth_12      52.1579      36.4619      1.430    0.1548  
  quelfeb        18.0311      60.7698      0.2967   0.7671  
  blitz_plac    −33.6684      98.1118     −0.3432   0.7320  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1267427   S.E. of regression   94.14417
R-squared            0.509413   Adjusted R-squared   0.457952
F(15, 143)           9.899158   P-value(F)           8.81e-16
Log-likelihood      −939.8070   Akaike criterion     1911.614
Schwarz criterion    1960.717   Hannan-Quinn         1931.554
rho                  0.298914   Durbin-Watson        1.393527

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 28

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 44: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.309       26.4985      7.521    5.49e-12 ***
  MI             −4.91846     18.3742     −0.2677   0.7893  
  GE            182.367       18.2808      9.976    4.07e-18 ***
  DMonth_2        8.64432     36.4471      0.2372   0.8129  
  DMonth_3       27.4670      34.3626      0.7993   0.4254  
  DMonth_4       38.0251      34.9791      1.087    0.2788  
  DMonth_5       24.8423      34.3626      0.7229   0.4709  
  DMonth_6       37.4909      36.4471      1.029    0.3054  
  DMonth_7       20.6351      36.4471      0.5662   0.5722  
  DMonth_8       82.7939      36.4471      2.272    0.0246   **
  DMonth_9        6.53550     36.4471      0.1793   0.8579  
  DMonth_10      18.6284      36.4471      0.5111   0.6101  
  DMonth_11      82.3261      36.4471      2.259    0.0254   **
  DMonth_12      52.1579      36.4471      1.431    0.1546  
  quelfeb        18.0311      60.7451      0.2968   0.7670  
  blitz_plac    −47.4402      98.0720     −0.4837   0.6293  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1266398   S.E. of regression   94.10596
R-squared            0.509811   Adjusted R-squared   0.458392
F(15, 143)           9.914940   P-value(F)           8.36e-16
Log-likelihood      −939.7425   Akaike criterion     1911.485
Schwarz criterion    1960.587   Hannan-Quinn         1931.425
rho                  0.297853   Durbin-Watson        1.395602

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 29

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 45: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.345       26.5035      7.521    5.49e-12 ***
  MI             −5.02824     18.3776     −0.2736   0.7848  
  GE            182.367       18.2842      9.974    4.12e-18 ***
  DMonth_2        8.64432     36.4539      0.2371   0.8129  
  DMonth_3       27.4670      34.3691      0.7992   0.4255  
  DMonth_4       34.8625      34.3691      1.014    0.3121  
  DMonth_5       27.6171      34.9857      0.7894   0.4312  
  DMonth_6       37.4909      36.4539      1.028    0.3055  
  DMonth_7       20.6351      36.4539      0.5661   0.5722  
  DMonth_8       82.7939      36.4539      2.271    0.0246   **
  DMonth_9        6.53550     36.4539      0.1793   0.8580  
  DMonth_10      18.6284      36.4539      0.5110   0.6101  
  DMonth_11      82.3261      36.4539      2.258    0.0254   **
  DMonth_12      52.1579      36.4539      1.431    0.1547  
  quelfeb        18.0311      60.7566      0.2968   0.7671  
  blitz_plac    −41.6222      98.0905     −0.4243   0.6720  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1266875   S.E. of regression   94.12369
R-squared            0.509626   Adjusted R-squared   0.458188
F(15, 143)           9.907616   P-value(F)           8.56e-16
Log-likelihood      −939.7724   Akaike criterion     1911.545
Schwarz criterion    1960.647   Hannan-Quinn         1931.485
rho                  0.297226   Durbin-Watson        1.396694

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 30

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 46: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.223       26.4852      7.522    5.47e-12 ***
  MI             −4.66328     18.3665     −0.2539   0.7999  
  GE            182.367       18.2715      9.981    3.95e-18 ***
  DMonth_2        8.64432     36.4285      0.2373   0.8128  
  DMonth_3       27.4670      34.3452      0.7997   0.4252  
  DMonth_4       34.8625      34.3452      1.015    0.3118  
  DMonth_5       24.8423      34.3452      0.7233   0.4707  
  DMonth_6       42.5713      37.3496      1.140    0.2563  
  DMonth_7       20.6351      36.4285      0.5665   0.5720  
  DMonth_8       82.7939      36.4285      2.273    0.0245   **
  DMonth_9        6.53550     36.4285      0.1794   0.8579  
  DMonth_10      18.6284      36.4285      0.5114   0.6099  
  DMonth_11      82.3261      36.4285      2.260    0.0253   **
  DMonth_12      52.1579      36.4285      1.432    0.1544  
  quelfeb        18.0311      60.7142      0.2970   0.7669  
  blitz_plac    −60.9648      98.9215     −0.6163   0.5387  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1265110   S.E. of regression   94.05810
R-squared            0.510309   Adjusted R-squared   0.458943
F(15, 143)           9.934740   P-value(F)           7.82e-16
Log-likelihood      −939.6616   Akaike criterion     1911.323
Schwarz criterion    1960.426   Hannan-Quinn         1931.263
rho                  0.296476   Durbin-Watson        1.398302

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 31

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 47: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.315       26.4999      7.521    5.49e-12 ***
  MI             −4.93765     18.3768     −0.2687   0.7886  
  GE            182.367       18.2817      9.975    4.09e-18 ***
  DMonth_2        8.64432     36.4489      0.2372   0.8129  
  DMonth_3       27.4670      34.3643      0.7993   0.4254  
  DMonth_4       34.8625      34.3643      1.014    0.3121  
  DMonth_5       24.8423      34.3643      0.7229   0.4709  
  DMonth_6       37.4909      36.4489      1.029    0.3054  
  DMonth_7       24.5037      37.3704      0.6557   0.5131  
  DMonth_8       82.7939      36.4489      2.272    0.0246   **
  DMonth_9        6.53550     36.4489      0.1793   0.8580  
  DMonth_10      18.6284      36.4489      0.5111   0.6101  
  DMonth_11      82.3261      36.4489      2.259    0.0254   **
  DMonth_12      52.1579      36.4489      1.431    0.1546  
  quelfeb        18.0311      60.7481      0.2968   0.7670  
  blitz_plac    −46.4230      98.9767     −0.4690   0.6398  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1266522   S.E. of regression   94.11056
R-squared            0.509763   Adjusted R-squared   0.458339
F(15, 143)           9.913038   P-value(F)           8.41e-16
Log-likelihood      −939.7503   Akaike criterion     1911.501
Schwarz criterion    1960.603   Hannan-Quinn         1931.441
rho                  0.295547   Durbin-Watson        1.400197

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 32

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 48: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.067       26.4506      7.526    5.35e-12 ***
  MI             −4.19361     18.3425     −0.2286   0.8195  
  GE            182.367       18.2476      9.994    3.66e-18 ***
  DMonth_2        8.64432     36.3809      0.2376   0.8125  
  DMonth_3       27.4670      34.3003      0.8008   0.4246  
  DMonth_4       34.8625      34.3003      1.016    0.3112  
  DMonth_5       24.8423      34.3003      0.7243   0.4701  
  DMonth_6       37.4909      36.3809      1.031    0.3045  
  DMonth_7       20.6351      36.3809      0.5672   0.5715  
  DMonth_8       89.9487      37.3008      2.411    0.0172   **
  DMonth_9        6.53550     36.3809      0.1796   0.8577  
  DMonth_10      18.6284      36.3809      0.5120   0.6094  
  DMonth_11      82.3261      36.3809      2.263    0.0251   **
  DMonth_12      52.1579      36.3809      1.434    0.1539  
  quelfeb        18.0311      60.6349      0.2974   0.7666  
  blitz_plac    −85.8573      98.7923     −0.8691   0.3863  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1261806   S.E. of regression   93.93518
R-squared            0.511588   Adjusted R-squared   0.460356
F(15, 143)           9.985720   P-value(F)           6.59e-16
Log-likelihood      −939.4537   Akaike criterion     1910.907
Schwarz criterion    1960.010   Hannan-Quinn         1930.847
rho                  0.298925   Durbin-Watson        1.393343

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 33

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 49: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio    p-value 
  -----------------------------------------------------------
  const         199.641       26.5200      7.528     5.30e-12 ***
  MI             −5.91485     18.3907     −0.3216    0.7482  
  GE            182.367       18.2955      9.968     4.27e-18 ***
  DMonth_2        8.64432     36.4765      0.2370    0.8130  
  DMonth_3       27.4670      34.3904      0.7987    0.4258  
  DMonth_4       34.8625      34.3904      1.014     0.3124  
  DMonth_5       24.8423      34.3904      0.7224    0.4713  
  DMonth_6       37.4909      36.4765      1.028     0.3058  
  DMonth_7       20.6351      36.4765      0.5657    0.5725  
  DMonth_8       82.7939      36.4765      2.270     0.0247   **
  DMonth_9        6.08814     37.3988      0.1628    0.8709  
  DMonth_10      18.6284      36.4765      0.5107    0.6104  
  DMonth_11      82.3261      36.4765      2.257     0.0255   **
  DMonth_12      52.1579      36.4765      1.430     0.1549  
  quelfeb        18.0311      60.7942      0.2966    0.7672  
  blitz_plac      5.36843     99.0518      0.05420   0.9569  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1268444   S.E. of regression   94.18196
R-squared            0.509019   Adjusted R-squared   0.457517
F(15, 143)           9.883567   P-value(F)           9.29e-16
Log-likelihood      −939.8708   Akaike criterion     1911.742
Schwarz criterion    1960.844   Hannan-Quinn         1931.682
rho                  0.300528   Durbin-Watson        1.390413

Excluding the constant, p-value was highest for variable 55 (blitz_plac)

loop: b = 34

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 50: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.379       26.5079      7.521    5.49e-12 ***
  MI             −5.13046     18.3823     −0.2791   0.7806  
  GE            182.367       18.2872      9.972    4.16e-18 ***
  DMonth_2        8.64432     36.4598      0.2371   0.8129  
  DMonth_3       27.4670      34.3747      0.7990   0.4256  
  DMonth_4       34.8625      34.3747      1.014    0.3122  
  DMonth_5       24.8423      34.3747      0.7227   0.4710  
  DMonth_6       37.4909      36.4598      1.028    0.3056  
  DMonth_7       20.6351      36.4598      0.5660   0.5723  
  DMonth_8       82.7939      36.4598      2.271    0.0247   **
  DMonth_9        6.53550     36.4598      0.1793   0.8580  
  DMonth_10      21.6454      37.3817      0.5790   0.5635  
  DMonth_11      82.3261      36.4598      2.258    0.0255   **
  DMonth_12      52.1579      36.4598      1.431    0.1547  
  quelfeb        18.0311      60.7664      0.2967   0.7671  
  blitz_plac    −36.2041      99.0065     −0.3657   0.7151  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1267286   S.E. of regression   94.13892
R-squared            0.509467   Adjusted R-squared   0.458013
F(15, 143)           9.901324   P-value(F)           8.75e-16
Log-likelihood      −939.7982   Akaike criterion     1911.596
Schwarz criterion    1960.699   Hannan-Quinn         1931.536
rho                  0.297544   Durbin-Watson        1.396250

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 35

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 51: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         198.912       26.4045      7.533    5.14e-12 ***
  MI             −3.72759     18.3106     −0.2036   0.8390  
  GE            182.367       18.2158     10.01     3.30e-18 ***
  DMonth_2        8.64432     36.3177      0.2380   0.8122  
  DMonth_3       27.4670      34.2406      0.8022   0.4238  
  DMonth_4       34.8625      34.2406      1.018    0.3103  
  DMonth_5       24.8423      34.2406      0.7255   0.4693  
  DMonth_6       37.4909      36.3177      1.032    0.3037  
  DMonth_7       20.6351      36.3177      0.5682   0.5708  
  DMonth_8       82.7939      36.3177      2.280    0.0241   **
  DMonth_9        6.53550     36.3177      0.1800   0.8574  
  DMonth_10      18.6284      36.3177      0.5129   0.6088  
  DMonth_11      91.5391      37.2359      2.458    0.0152   **
  DMonth_12      52.1579      36.3177      1.436    0.1531  
  quelfeb        18.0311      60.5294      0.2979   0.7662  
  blitz_plac   −110.556       98.6204     −1.121    0.2642  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1257420   S.E. of regression   93.77179
R-squared            0.513286   Adjusted R-squared   0.462232
F(15, 143)           10.05380   P-value(F)           5.24e-16
Log-likelihood      −939.1769   Akaike criterion     1910.354
Schwarz criterion    1959.456   Hannan-Quinn         1930.294
rho                  0.293102   Durbin-Watson        1.404845

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 36

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 52: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.099       26.4587      7.525    5.38e-12 ***
  MI             −4.29034     18.3482     −0.2338   0.8155  
  GE            182.367       18.2532      9.991    3.72e-18 ***
  DMonth_2        8.64432     36.3921      0.2375   0.8126  
  DMonth_3       27.4670      34.3108      0.8005   0.4247  
  DMonth_4       34.8625      34.3108      1.016    0.3113  
  DMonth_5       24.8423      34.3108      0.7240   0.4702  
  DMonth_6       37.4909      36.3921      1.030    0.3047  
  DMonth_7       20.6351      36.3921      0.5670   0.5716  
  DMonth_8       82.7939      36.3921      2.275    0.0244   **
  DMonth_9        6.53550     36.3921      0.1796   0.8577  
  DMonth_10      18.6284      36.3921      0.5119   0.6095  
  DMonth_11      82.3261      36.3921      2.262    0.0252   **
  DMonth_12      58.8855      37.3122      1.578    0.1167  
  quelfeb        18.0311      60.6534      0.2973   0.7667  
  blitz_plac    −80.7306      98.8225     −0.8169   0.4153  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1262578   S.E. of regression   93.96392
R-squared            0.511289   Adjusted R-squared   0.460026
F(15, 143)           9.973783   P-value(F)           6.86e-16
Log-likelihood      −939.5023   Akaike criterion     1911.005
Schwarz criterion    1960.107   Hannan-Quinn         1930.945
rho                  0.292943   Durbin-Watson        1.405270

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 37

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 53: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         201.165       27.1607      7.406    1.03e-11 ***
  MI             −5.32679     18.3848     −0.2897   0.7724  
  GE            182.367       18.2913      9.970    4.22e-18 ***
  DMonth_2        6.92442     37.0502      0.1869   0.8520  
  DMonth_3       25.7471      34.9993      0.7356   0.4631  
  DMonth_4       33.1426      34.9993      0.9470   0.3453  
  DMonth_5       23.1224      34.9993      0.6607   0.5099  
  DMonth_6       35.7710      37.0502      0.9655   0.3359  
  DMonth_7       18.9152      37.0502      0.5105   0.6105  
  DMonth_8       81.0740      37.0502      2.188    0.0303   **
  DMonth_9        4.81560     37.0502      0.1300   0.8968  
  DMonth_10      16.9085      37.0502      0.4564   0.6488  
  DMonth_11      80.6062      37.0502      2.176    0.0312   **
  DMonth_12      50.4380      37.0502      1.361    0.1755  
  quelfeb        18.0311      60.7801      0.2967   0.7672  
  blitz_plac    −25.7986      98.1285     −0.2629   0.7930  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1267858   S.E. of regression   94.16017
R-squared            0.509246   Adjusted R-squared   0.457768
F(15, 143)           9.892553   P-value(F)           9.01e-16
Log-likelihood      −939.8341   Akaike criterion     1911.668
Schwarz criterion    1960.771   Hannan-Quinn         1931.608
rho                  0.297578   Durbin-Watson        1.395999

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 38

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 54: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.096        26.4780     7.519    5.55e-12 ***
  MI             −4.28153      18.3958    −0.2327   0.8163  
  GE            182.367        18.2646     9.985    3.87e-18 ***
  DMonth_2        8.64432      36.4148     0.2374   0.8127  
  DMonth_3       27.4670       34.3322     0.8000   0.4250  
  DMonth_4       34.8625       34.3322     1.015    0.3116  
  DMonth_5       24.8423       34.3322     0.7236   0.4705  
  DMonth_6       37.4909       36.4148     1.030    0.3050  
  DMonth_7       20.6351       36.4148     0.5667   0.5718  
  DMonth_8       82.7939       36.4148     2.274    0.0245   **
  DMonth_9        6.53550      36.4148     0.1795   0.8578  
  DMonth_10      18.6284       36.4148     0.5116   0.6097  
  DMonth_11      82.3261       36.4148     2.261    0.0253   **
  DMonth_12      52.1579       36.4148     1.432    0.1542  
  quelfeb        45.0970       72.0080     0.6263   0.5321  
  blitz_plac    −81.1977      116.256     −0.6984   0.4860  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1264158   S.E. of regression   94.02269
R-squared            0.510678   Adjusted R-squared   0.459350
F(15, 143)           9.949404   P-value(F)           7.44e-16
Log-likelihood      −939.6017   Akaike criterion     1911.203
Schwarz criterion    1960.306   Hannan-Quinn         1931.143
rho                  0.295800   Durbin-Watson        1.399592

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 39

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 55: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.269       26.4924      7.522    5.48e-12 ***
  MI             −4.79926     18.3699     −0.2613   0.7943  
  GE            182.367       18.2765      9.978    4.02e-18 ***
  DMonth_2        8.64432     36.4386      0.2372   0.8128  
  DMonth_3       31.0509      34.9710      0.8879   0.3761  
  DMonth_4       34.8625      34.3547      1.015    0.3119  
  DMonth_5       24.8423      34.3547      0.7231   0.4708  
  DMonth_6       37.4909      36.4386      1.029    0.3053  
  DMonth_7       20.6351      36.4386      0.5663   0.5721  
  DMonth_8       82.7939      36.4386      2.272    0.0246   **
  DMonth_9        6.53550     36.4386      0.1794   0.8579  
  DMonth_10      18.6284      36.4386      0.5112   0.6100  
  DMonth_11      82.3261      36.4386      2.259    0.0254   **
  DMonth_12      52.1579      36.4386      1.431    0.1545  
  quelfeb        18.0311      60.7310      0.2969   0.7670  
  blitz_plac    −53.7579      98.0492     −0.5483   0.5844  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1265810   S.E. of regression   94.08409
R-squared            0.510039   Adjusted R-squared   0.458644
F(15, 143)           9.923984   P-value(F)           8.11e-16
Log-likelihood      −939.7055   Akaike criterion     1911.411
Schwarz criterion    1960.514   Hannan-Quinn         1931.351
rho                  0.295782   Durbin-Watson        1.399705

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 40

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 56: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.200       26.4799      7.523    5.45e-12 ***
  MI             −4.59356     18.3613     −0.2502   0.8028  
  GE            182.367       18.2679      9.983    3.91e-18 ***
  DMonth_2        8.64432     36.4215      0.2373   0.8127  
  DMonth_3       27.4670      34.3385      0.7999   0.4251  
  DMonth_4       39.1731      34.9546      1.121    0.2643  
  DMonth_5       24.8423      34.3385      0.7235   0.4706  
  DMonth_6       37.4909      36.4215      1.029    0.3050  
  DMonth_7       20.6351      36.4215      0.5666   0.5719  
  DMonth_8       82.7939      36.4215      2.273    0.0245   **
  DMonth_9        6.53550     36.4215      0.1794   0.8578  
  DMonth_10      18.6284      36.4215      0.5115   0.6098  
  DMonth_11      82.3261      36.4215      2.260    0.0253   **
  DMonth_12      52.1579      36.4215      1.432    0.1543  
  quelfeb        18.0311      60.7025      0.2970   0.7669  
  blitz_plac    −64.6597      98.0032     −0.6598   0.5105  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1264621   S.E. of regression   94.03990
R-squared            0.510499   Adjusted R-squared   0.459152
F(15, 143)           9.942273   P-value(F)           7.62e-16
Log-likelihood      −939.6308   Akaike criterion     1911.262
Schwarz criterion    1960.364   Hannan-Quinn         1931.202
rho                  0.295635   Durbin-Watson        1.399964

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 41

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 57: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.252       26.4895      7.522    5.47e-12 ***
  MI             −4.74891     18.3679     −0.2585   0.7964  
  GE            182.367       18.2746      9.979    3.99e-18 ***
  DMonth_2        8.64432     36.4347      0.2373   0.8128  
  DMonth_3       27.4670      34.3510      0.7996   0.4253  
  DMonth_4       34.8625      34.3510      1.015    0.3119  
  DMonth_5       28.6041      34.9672      0.8180   0.4147  
  DMonth_6       37.4909      36.4347      1.029    0.3052  
  DMonth_7       20.6351      36.4347      0.5664   0.5720  
  DMonth_8       82.7939      36.4347      2.272    0.0246   **
  DMonth_9        6.53550     36.4347      0.1794   0.8579  
  DMonth_10      18.6284      36.4347      0.5113   0.6099  
  DMonth_11      82.3261      36.4347      2.260    0.0254   **
  DMonth_12      52.1579      36.4347      1.432    0.1545  
  quelfeb        18.0311      60.7245      0.2969   0.7669  
  blitz_plac    −56.4264      98.0387     −0.5756   0.5658  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1265539   S.E. of regression   94.07403
R-squared            0.510143   Adjusted R-squared   0.458760
F(15, 143)           9.928147   P-value(F)           7.99e-16
Log-likelihood      −939.6885   Akaike criterion     1911.377
Schwarz criterion    1960.480   Hannan-Quinn         1931.317
rho                  0.295159   Durbin-Watson        1.400698

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 42

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 58: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.142       26.4686      7.524    5.42e-12 ***
  MI             −4.41818     18.3550     −0.2407   0.8101  
  GE            182.367       18.2600      9.987    3.81e-18 ***
  DMonth_2        8.64432     36.4057      0.2374   0.8127  
  DMonth_3       27.4670      34.3236      0.8002   0.4249  
  DMonth_4       34.8625      34.3236      1.016    0.3115  
  DMonth_5       24.8423      34.3236      0.7238   0.4704  
  DMonth_6       43.6538      37.3262      1.170    0.2441  
  DMonth_7       20.6351      36.4057      0.5668   0.5717  
  DMonth_8       82.7939      36.4057      2.274    0.0244   **
  DMonth_9        6.53550     36.4057      0.1795   0.8578  
  DMonth_10      18.6284      36.4057      0.5117   0.6097  
  DMonth_11      82.3261      36.4057      2.261    0.0252   **
  DMonth_12      52.1579      36.4057      1.433    0.1541  
  quelfeb        18.0311      60.6762      0.2972   0.7668  
  blitz_plac    −73.9551      98.8596     −0.7481   0.4556  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1263526   S.E. of regression   93.99917
R-squared            0.510923   Adjusted R-squared   0.459621
F(15, 143)           9.959154   P-value(F)           7.20e-16
Log-likelihood      −939.5620   Akaike criterion     1911.124
Schwarz criterion    1960.226   Hannan-Quinn         1931.064
rho                  0.294510   Durbin-Watson        1.402174

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 43

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 59: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.244       26.4889      7.522    5.48e-12 ***
  MI             −4.72619     18.3691     −0.2573   0.7973  
  GE            182.367       18.2740      9.980    3.99e-18 ***
  DMonth_2        8.64432     36.4337      0.2373   0.8128  
  DMonth_3       27.4670      34.3500      0.7996   0.4253  
  DMonth_4       34.8625      34.3500      1.015    0.3119  
  DMonth_5       24.8423      34.3500      0.7232   0.4707  
  DMonth_6       37.4909      36.4337      1.029    0.3052  
  DMonth_7       25.4377      37.3549      0.6810   0.4970  
  DMonth_8       82.7939      36.4337      2.272    0.0246   **
  DMonth_9        6.53550     36.4337      0.1794   0.8579  
  DMonth_10      18.6284      36.4337      0.5113   0.6099  
  DMonth_11      82.3261      36.4337      2.260    0.0254   **
  DMonth_12      52.1579      36.4337      1.432    0.1544  
  quelfeb        18.0311      60.7228      0.2969   0.7669  
  blitz_plac    −57.6309      98.9355     −0.5825   0.5611  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1265468   S.E. of regression   94.07138
R-squared            0.510171   Adjusted R-squared   0.458790
F(15, 143)           9.929241   P-value(F)           7.96e-16
Log-likelihood      −939.6841   Akaike criterion     1911.368
Schwarz criterion    1960.471   Hannan-Quinn         1931.308
rho                  0.292285   Durbin-Watson        1.406656

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 44

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 60: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         198.798       26.3637      7.541    4.94e-12 ***
  MI             −3.38821     18.2823     −0.1853   0.8532  
  GE            182.367       18.1877     10.03     3.01e-18 ***
  DMonth_2        8.64432     36.2615      0.2384   0.8119  
  DMonth_3       27.4670      34.1876      0.8034   0.4231  
  DMonth_4       34.8625      34.1876      1.020    0.3096  
  DMonth_5       24.8423      34.1876      0.7266   0.4686  
  DMonth_6       37.4909      36.2615      1.034    0.3029  
  DMonth_7       20.6351      36.2615      0.5691   0.5702  
  DMonth_8       93.5059      37.1783      2.515    0.0130   **
  DMonth_9        6.53550     36.2615      0.1802   0.8572  
  DMonth_10      18.6284      36.2615      0.5137   0.6082  
  DMonth_11      82.3261      36.2615      2.270    0.0247   **
  DMonth_12      52.1579      36.2615      1.438    0.1525  
  quelfeb        18.0311      60.4358      0.2984   0.7659  
  blitz_plac   −128.544       98.4678     −1.305    0.1938  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1253532   S.E. of regression   93.62669
R-squared            0.514791   Adjusted R-squared   0.463895
F(15, 143)           10.11456   P-value(F)           4.28e-16
Log-likelihood      −938.9307   Akaike criterion     1909.861
Schwarz criterion    1958.964   Hannan-Quinn         1929.801
rho                  0.293645   Durbin-Watson        1.403692

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 45

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 61: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.316       26.5001      7.521    5.49e-12 ***
  MI             −4.94165     18.3769     −0.2689   0.7884  
  GE            182.367       18.2818      9.975    4.09e-18 ***
  DMonth_2        8.64432     36.4491      0.2372   0.8129  
  DMonth_3       27.4670      34.3646      0.7993   0.4255  
  DMonth_4       34.8625      34.3646      1.014    0.3121  
  DMonth_5       24.8423      34.3646      0.7229   0.4709  
  DMonth_6       37.4909      36.4491      1.029    0.3054  
  DMonth_7       20.6351      36.4491      0.5661   0.5722  
  DMonth_8       82.7939      36.4491      2.271    0.0246   **
  DMonth_9       10.3864      37.3707      0.2779   0.7815  
  DMonth_10      18.6284      36.4491      0.5111   0.6101  
  DMonth_11      82.3261      36.4491      2.259    0.0254   **
  DMonth_12      52.1579      36.4491      1.431    0.1546  
  quelfeb        18.0311      60.7485      0.2968   0.7670  
  blitz_plac    −46.2110      98.9774     −0.4669   0.6413  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1266540   S.E. of regression   94.11122
R-squared            0.509756   Adjusted R-squared   0.458332
F(15, 143)           9.912766   P-value(F)           8.42e-16
Log-likelihood      −939.7514   Akaike criterion     1911.503
Schwarz criterion    1960.605   Hannan-Quinn         1931.443
rho                  0.294134   Durbin-Watson        1.403010

Excluding the constant, p-value was highest for variable 34 (DMonth_2)

loop: b = 46

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 62: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.220       26.4846      7.522    5.47e-12 ***
  MI             −4.65370     18.3661     −0.2534   0.8003  
  GE            182.367       18.2711      9.981    3.95e-18 ***
  DMonth_2        8.64432     36.4277      0.2373   0.8128  
  DMonth_3       27.4670      34.3444      0.7998   0.4252  
  DMonth_4       34.8625      34.3444      1.015    0.3118  
  DMonth_5       24.8423      34.3444      0.7233   0.4707  
  DMonth_6       37.4909      36.4277      1.029    0.3051  
  DMonth_7       20.6351      36.4277      0.5665   0.5720  
  DMonth_8       82.7939      36.4277      2.273    0.0245   **
  DMonth_9        6.53550     36.4277      0.1794   0.8579  
  DMonth_10      23.7511      37.3488      0.6359   0.5258  
  DMonth_11      82.3261      36.4277      2.260    0.0253   **
  DMonth_12      52.1579      36.4277      1.432    0.1544  
  quelfeb        18.0311      60.7129      0.2970   0.7669  
  blitz_plac    −61.4725      98.9193     −0.6214   0.5353  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1265054   S.E. of regression   94.05601
R-squared            0.510331   Adjusted R-squared   0.458967
F(15, 143)           9.935605   P-value(F)           7.80e-16
Log-likelihood      −939.6581   Akaike criterion     1911.316
Schwarz criterion    1960.419   Hannan-Quinn         1931.256
rho                  0.292811   Durbin-Watson        1.405598

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 47

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 63: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         198.766       26.3508      7.543    4.87e-12 ***
  MI             −3.29100     18.2734     −0.1801   0.8573  
  GE            182.367       18.1788     10.03     2.92e-18 ***
  DMonth_2        8.64432     36.2438      0.2385   0.8118  
  DMonth_3       27.4670      34.1710      0.8038   0.4228  
  DMonth_4       34.8625      34.1710      1.020    0.3093  
  DMonth_5       24.8423      34.1710      0.7270   0.4684  
  DMonth_6       37.4909      36.2438      1.034    0.3027  
  DMonth_7       20.6351      36.2438      0.5693   0.5700  
  DMonth_8       82.7939      36.2438      2.284    0.0238   **
  DMonth_9        6.53550     36.2438      0.1803   0.8572  
  DMonth_10      18.6284      36.2438      0.5140   0.6081  
  DMonth_11      93.4674      37.1602      2.515    0.0130   **
  DMonth_12      52.1579      36.2438      1.439    0.1523  
  quelfeb        18.0311      60.4063      0.2985   0.7658  
  blitz_plac   −133.695       98.4198     −1.358    0.1765  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1252310   S.E. of regression   93.58106
R-squared            0.515264   Adjusted R-squared   0.464417
F(15, 143)           10.13372   P-value(F)           4.02e-16
Log-likelihood      −938.8532   Akaike criterion     1909.706
Schwarz criterion    1958.809   Hannan-Quinn         1929.646
rho                  0.287744   Durbin-Watson        1.415418

Excluding the constant, p-value was highest for variable 17 (MI)

loop: b = 48

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 64: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         198.965       26.4218      7.530    5.23e-12 ***
  MI             −3.88927     18.3226     −0.2123   0.8322  
  GE            182.367       18.2278     10.00     3.43e-18 ***
  DMonth_2        8.64432     36.3414      0.2379   0.8123  
  DMonth_3       27.4670      34.2630      0.8017   0.4241  
  DMonth_4       34.8625      34.2630      1.017    0.3106  
  DMonth_5       24.8423      34.2630      0.7250   0.4696  
  DMonth_6       37.4909      36.3414      1.032    0.3040  
  DMonth_7       20.6351      36.3414      0.5678   0.5711  
  DMonth_8       82.7939      36.3414      2.278    0.0242   **
  DMonth_9        6.53550     36.3414      0.1798   0.8575  
  DMonth_10      18.6284      36.3414      0.5126   0.6090  
  DMonth_11      82.3261      36.3414      2.265    0.0250   **
  DMonth_12      60.6569      37.2603      1.628    0.1057  
  quelfeb        18.0311      60.5690      0.2977   0.7664  
  blitz_plac   −101.988       98.6850     −1.033    0.3031  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1259067   S.E. of regression   93.83316
R-squared            0.512649   Adjusted R-squared   0.461528
F(15, 143)           10.02819   P-value(F)           5.71e-16
Log-likelihood      −939.2809   Akaike criterion     1910.562
Schwarz criterion    1959.664   Hannan-Quinn         1930.502
rho                  0.288352   Durbin-Watson        1.414335

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 49

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 65: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio    p-value 
  -----------------------------------------------------------
  const         202.326       27.1472      7.453     7.98e-12 ***
  MI             −4.96395     18.3757     −0.2701    0.7874  
  GE            182.367       18.2822      9.975     4.09e-18 ***
  DMonth_2        5.64237     37.0319      0.1524    0.8791  
  DMonth_3       24.4651      34.9819      0.6994    0.4855  
  DMonth_4       31.8605      34.9819      0.9108    0.3639  
  DMonth_5       21.8403      34.9819      0.6243    0.5334  
  DMonth_6       34.4889      37.0319      0.9313    0.3533  
  DMonth_7       17.6331      37.0319      0.4762    0.6347  
  DMonth_8       79.7920      37.0319      2.155     0.0329   **
  DMonth_9        3.53355     37.0319      0.09542   0.9241  
  DMonth_10      15.6264      37.0319      0.4220    0.6737  
  DMonth_11      79.3241      37.0319      2.142     0.0339   **
  DMonth_12      49.1560      37.0319      1.327     0.1865  
  quelfeb        18.0311      60.7501      0.2968    0.7670  
  blitz_plac    −45.0293      98.0800     −0.4591    0.6469  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1266604   S.E. of regression   94.11359
R-squared            0.509731   Adjusted R-squared   0.458305
F(15, 143)           9.911788   P-value(F)           8.45e-16
Log-likelihood      −939.7554   Akaike criterion     1911.511
Schwarz criterion    1960.613   Hannan-Quinn         1931.451
rho                  0.295288   Durbin-Watson        1.400338

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 50

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 66: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.249       26.4897      7.522    5.48e-12 ***
  MI             −4.74008     18.3697     −0.2580   0.7967  
  GE            182.367       18.2746      9.979    3.99e-18 ***
  DMonth_2       13.3855      37.3560      0.3583   0.7206  
  DMonth_3       27.4670      34.3510      0.7996   0.4253  
  DMonth_4       34.8625      34.3510      1.015    0.3119  
  DMonth_5       24.8423      34.3510      0.7232   0.4707  
  DMonth_6       37.4909      36.4348      1.029    0.3052  
  DMonth_7       20.6351      36.4348      0.5664   0.5720  
  DMonth_8       82.7939      36.4348      2.272    0.0246   **
  DMonth_9        6.53550     36.4348      0.1794   0.8579  
  DMonth_10      18.6284      36.4348      0.5113   0.6099  
  DMonth_11      82.3261      36.4348      2.260    0.0254   **
  DMonth_12      52.1579      36.4348      1.432    0.1545  
  quelfeb        13.2899      61.2818      0.2169   0.8286  
  blitz_plac    −56.8945      98.9385     −0.5750   0.5662  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1265544   S.E. of regression   94.07422
R-squared            0.510141   Adjusted R-squared   0.458758
F(15, 143)           9.928068   P-value(F)           8.00e-16
Log-likelihood      −939.6888   Akaike criterion     1911.378
Schwarz criterion    1960.480   Hannan-Quinn         1931.318
rho                  0.295609   Durbin-Watson        1.400040

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 51

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 67: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.118       26.4621      7.525    5.39e-12 ***
  MI             −4.34801     18.3489     −0.2370   0.8130  
  GE            182.367       18.2556      9.990    3.75e-18 ***
  DMonth_2        8.64432     36.3969      0.2375   0.8126  
  DMonth_3       32.6453      34.9310      0.9346   0.3516  
  DMonth_4       34.8625      34.3154      1.016    0.3114  
  DMonth_5       24.8423      34.3154      0.7239   0.4703  
  DMonth_6       37.4909      36.3969      1.030    0.3047  
  DMonth_7       20.6351      36.3969      0.5669   0.5716  
  DMonth_8       82.7939      36.3969      2.275    0.0244   **
  DMonth_9        6.53550     36.3969      0.1796   0.8578  
  DMonth_10      18.6284      36.3969      0.5118   0.6096  
  DMonth_11      82.3261      36.3969      2.262    0.0252   **
  DMonth_12      52.1579      36.3969      1.433    0.1540  
  quelfeb        18.0311      60.6615      0.2972   0.7667  
  blitz_plac    −77.6740      97.9371     −0.7931   0.4290  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1262915   S.E. of regression   93.97647
R-squared            0.511159   Adjusted R-squared   0.459882
F(15, 143)           9.968575   P-value(F)           6.98e-16
Log-likelihood      −939.5235   Akaike criterion     1911.047
Schwarz criterion    1960.150   Hannan-Quinn         1930.987
rho                  0.293093   Durbin-Watson        1.404983

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 52

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 68: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.060       26.4472      7.527    5.33e-12 ***
  MI             −4.17208     18.3386     −0.2275   0.8204  
  GE            182.367       18.2454      9.995    3.63e-18 ***
  DMonth_2        8.64432     36.3765      0.2376   0.8125  
  DMonth_3       27.4670      34.2961      0.8009   0.4245  
  DMonth_4       40.6624      34.9114      1.165    0.2461  
  DMonth_5       24.8423      34.2961      0.7243   0.4700  
  DMonth_6       37.4909      36.3765      1.031    0.3045  
  DMonth_7       20.6351      36.3765      0.5673   0.5714  
  DMonth_8       82.7939      36.3765      2.276    0.0243   **
  DMonth_9        6.53550     36.3765      0.1797   0.8577  
  DMonth_10      18.6284      36.3765      0.5121   0.6094  
  DMonth_11      82.3261      36.3765      2.263    0.0251   **
  DMonth_12      52.1579      36.3765      1.434    0.1538  
  quelfeb        18.0311      60.6276      0.2974   0.7666  
  blitz_plac    −86.9987      97.8822     −0.8888   0.3756  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1261502   S.E. of regression   93.92385
R-squared            0.511706   Adjusted R-squared   0.460487
F(15, 143)           9.990432   P-value(F)           6.48e-16
Log-likelihood      −939.4345   Akaike criterion     1910.869
Schwarz criterion    1959.971   Hannan-Quinn         1930.809
rho                  0.291644   Durbin-Watson        1.407834

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

loop: b = 53

? blitz_plac = const - const
? smpl   MI --replace --restrict
Full data set: 371 observations
Current sample: 53 observations
? blitz_plac = (time == b)
? smpl   Cit < 4 --replace --restrict
Full data range: 1:01 - 7:53 (n = 371)
Current sample: 1:01 - 3:53 (n = 159)

? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
  DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \
  blitz_plac

Model 69: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

               coefficient   std. error   t-ratio   p-value 
  ----------------------------------------------------------
  const         199.120       26.4625      7.525    5.39e-12 ***
  MI             −4.35430     18.3492     −0.2373   0.8128  
  GE            182.367       18.2559      9.989    3.76e-18 ***
  DMonth_2        8.64432     36.3976      0.2375   0.8126  
  DMonth_3       27.4670      34.3160      0.8004   0.4248  
  DMonth_4       34.8625      34.3160      1.016    0.3114  
  DMonth_5       29.9984      34.9316      0.8588   0.3919  
  DMonth_6       37.4909      36.3976      1.030    0.3047  
  DMonth_7       20.6351      36.3976      0.5669   0.5716  
  DMonth_8       82.7939      36.3976      2.275    0.0244   **
  DMonth_9        6.53550     36.3976      0.1796   0.8578  
  DMonth_10      18.6284      36.3976      0.5118   0.6096  
  DMonth_11      82.3261      36.3976      2.262    0.0252   **
  DMonth_12      52.1579      36.3976      1.433    0.1540  
  quelfeb        18.0311      60.6627      0.2972   0.7667  
  blitz_plac    −77.3408      97.9389     −0.7897   0.4310  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1262963   S.E. of regression   93.97824
R-squared            0.511141   Adjusted R-squared   0.459862
F(15, 143)           9.967841   P-value(F)           7.00e-16
Log-likelihood      −939.5265   Akaike criterion     1911.053
Schwarz criterion    1960.156   Hannan-Quinn         1930.993
rho                  0.295181   Durbin-Watson        1.402430

Excluding the constant, p-value was highest for variable 41 (DMonth_9)


Number of iterations: 53

# Equazione buona senza interacting e quelfeb per grafico:
? ols deb_risc const TO GE dummify(Month)

Model 70: Pooled OLS, using 159 observations
Included 3 cross-sectional units
Time-series length = 53
Dependent variable: deb_risc

              coefficient   std. error   t-ratio   p-value 
  ---------------------------------------------------------
  const        193.793       26.3376      7.358    1.28e-11 ***
  TO             5.81356     18.1747      0.3199   0.7495  
  GE           188.181       18.1747     10.35     3.75e-19 ***
  DMonth_2      12.2506      34.1632      0.3586   0.7204  
  DMonth_3      27.4670      34.1632      0.8040   0.4227  
  DMonth_4      34.8625      34.1632      1.020    0.3092  
  DMonth_5      24.8423      34.1632      0.7272   0.4683  
  DMonth_6      37.4909      36.2356      1.035    0.3026  
  DMonth_7      20.6351      36.2356      0.5695   0.5699  
  DMonth_8      82.7939      36.2356      2.285    0.0238   **
  DMonth_9       6.53550     36.2356      0.1804   0.8571  
  DMonth_10     18.6284      36.2356      0.5141   0.6080  
  DMonth_11     82.3261      36.2356      2.272    0.0246   **
  DMonth_12     52.1579      36.2356      1.439    0.1522  

Mean dependent var   290.5218   S.D. dependent var   127.8718
Sum squared resid     1269251   S.E. of regression   93.55990
R-squared            0.508707   Adjusted R-squared   0.464660
F(13, 145)           11.54918   P-value(F)           8.26e-17
Log-likelihood      −939.9214   Akaike criterion     1907.843
Schwarz criterion    1950.807   Hannan-Quinn         1925.290
rho                  0.300117   Durbin-Watson        1.391224

Excluding the constant, p-value was highest for variable 41 (DMonth_9)

? epsilon = $uhat
Generated series epsilon (ID 56)
#smpl --restrict MI
? gnuplot epsilon --time-series --with-lines
wrote /home/pietro/gpttmp01.plt
#smpl --full
? diffdeb_risc = deb_risc - deb_risc(-12)
Generated series diffdeb_risc (ID 57)
? ols diffdeb_risc const TO GE dummify(Month)

Model 71: Pooled OLS, using 123 observations
Included 3 cross-sectional units
Time-series length = 41
Dependent variable: diffdeb_risc

              coefficient   std. error   t-ratio    p-value
  ---------------------------------------------------------
  const         −9.77442     41.1376     −0.2376    0.8126 
  TO            12.8990      28.7903      0.4480    0.6550 
  GE            32.6359      28.7903      1.134     0.2595 
  DMonth_2      −1.06716     53.2167     −0.02005   0.9840 
  DMonth_3     −20.6547      53.2167     −0.3881    0.6987 
  DMonth_4     −26.2829      53.2167     −0.4939    0.6224 
  DMonth_5     −20.1314      53.2167     −0.3783    0.7060 
  DMonth_6     −20.8600      57.4806     −0.3629    0.7174 
  DMonth_7     −27.3309      57.4806     −0.4755    0.6354 
  DMonth_8    −102.182       57.4806     −1.778     0.0782  *
  DMonth_9      −7.44336     57.4806     −0.1295    0.8972 
  DMonth_10     −5.74832     57.4806     −0.1000    0.9205 
  DMonth_11    −26.4004      57.4806     −0.4593    0.6469 
  DMonth_12     −6.56286     57.4806     −0.1142    0.9093 

Mean dependent var  −15.62364   S.D. dependent var   126.4347
Sum squared resid     1852140   S.E. of regression   130.3538
R-squared            0.050311   Adjusted R-squared  -0.062954
F(13, 109)           0.444190   P-value(F)           0.949496
Log-likelihood      −766.1390   Akaike criterion     1560.278
Schwarz criterion    1599.649   Hannan-Quinn         1576.270
rho                  0.296560   Durbin-Watson        1.400303

Excluding the constant, p-value was highest for variable 34 (DMonth_2)

#smpl --restrict MI
? gnuplot epsilon --time-series --with-lines
wrote /home/pietro/gpttmp02.plt
#smpl --full