Official Journal of the Japan Wood Research Society
\(Y = \alpha_{0} + \beta_{1} X_{1} + \beta_{2} X_{2} + \beta_{3} X_{3} + \beta_{4} D_{1} + \beta_{5} D_{2} + \varepsilon\) | |||||||||
---|---|---|---|---|---|---|---|---|---|
Variables | Panel A | Panel B | Panel C | Panel D | |||||
Coef. | t-stat. | Coef. | t-stat. | Coef. | t-stat. | Coef. | t-stat. | VIF | |
Intercept | − 0.449* | − 3.688 | 0.186* | 2.931 | 2.510* | 5.016 | 1.568* | 5.232 |  |
X1 | 3.000* | 9.582 | – | – | – | – | 2.251* | 5.856 | 4.082 |
X2 | – | – | 1.955* | 9.135 | – | – | 0.736* | 2.869 | 4.017 |
X3 | – | – | – | – | − 4.316* | − 3.692 | − 4.505* | − 6.527 | 1.265 |
D1, D2 | Included | Included | Included | Included | |||||
adj.R2 | 64.10% | 63.60% | 35.90% | 78.40% | |||||
F-value | 53.966 | 50.076 | 17.632 | 65.543 | |||||
p-value | < 0.001 | < 0.001 | < 0.001 | < 0.001 |