[F.sub.LESTIC] (|LESTIC|LGLDP, LINTR, LEXR, LCPI, LOILP), F_LINTR (|LINTR|LESTIC, LGLDP, LEXR, LCPI, LOILP), [F.sub.LEXR] (|LEXR|LESTIC, LINTR, LGLDP, LCPI, LOILP), [F.sub.LCPI] (|LCPI|LESTIC, LINTR, LEXR, LGLDP, LOILP), [F.sub.LOILP] (|LOILP|LLESTIC, LINTR, LEXR, LGLDP, LCPI) These are tested against the alternative hypothesis of the existence of co-integration:
From Table VII, we find that when the gold price (GLDP) is the dependent variable, the calculated F-statistic LGLDP| LOILP, LCPI, LEXR, LINTR, LESTIC = 2.7598 is less than the upper bound of the critical value obtained from Pesaran et al.
LGDP = f [LMC, LDCTPS, LCPI, LREM, LMIG, LMC x LDCTPS] (2)
LGDP = f [LST, LBMS, LCPI, LREM, LMIG, LST x LBMS] (3)
Caption: Lateral Condylar Prominence Index (LCPI
) = (AB-BC) x 100/AC
We propose to test the LCPI
at the micro level with a quite different type of data.
Osborn Tests of the I(1, 1) Hypothesis: LPROD, LCPI
and LWAGE Variable t:[Beta]1 t:[Beta]2 test F LM(4) k LPROD -2.65 -3.67 8.85 6.65 3 LCPI
0.80 -4.30 5.04 5.89 3 LWAGE 0.79 -5.24 6.44 7.64 3 C.V.
To test a long-run nonlinear relationship, we run a bi-variate regression of LCPI
on a constant and BOX-COX transform of the underlying explanatory variable.
The average rent per month in 2004 was adjusted by LCPI
in order to determine the average rent per month in 2001.
From the figure la it is observed that LCPI
is of increasing trend, which implies non-stationarity of CPI.
Table 1 Augmented Dickey-Fuller Test for a Unit Root Variables Lag t-statistics Variables 1 LBL 0 -2.426 [DELTA] LBL 2 LY 1 -2.181 [DELTA] LY 3 LADR 0 -1.475 [DELTA] LADR 8 LCPI
1 -3.355 [DELTA] LCPI
9 [pi] 0 -2.72 [DELTA] [pi] Variables Lag t-statistics 1 LBL 1 -1.189 2 LY 0 -4.39 3 LADR 0 -5.848 8 LCPI
0 -2.72 9 [pi] 0 -5.399 Note: The 5 percent critical value for the ADF [tau] <-3.53.
National Irrigation Administration (NIA) chief Ricardo Visaya led the inauguration of the P74-million Libmanan-Cabusao Pump Irrigation System (LCPIS
) in Awayan, Sipocot, Camarines Sur.