Dependent Variable: D(LOG(M+1),1,52)

Method: Least Squares

Date: 01/18/15   Time: 08:22

Sample (adjusted): 106 557

Included observations: 452 after  adjustments

Convergence achieved after 10 iterations

MA Backcast: 53 105

Variable

Coefficient

Std. Error

t-Statistic

Prob.  

AR(52)

-0.129055

0.049995

-2.581342

0.0102

MA(1)

-0.509454

0.040802

-12.48601

0.0000

SMA(52)

-0.877329

0.016587

-52.89374

0.0000

R-squared

0.582763

    Mean  dependent var

-0.001706

Adjusted R-squared

0.580904

    S.D.  dependent var

0.872181

S.E. of regression

0.564630

    Akaike  info criterion

1.701321

Sum squared resid

143.1441

    Schwarz  criterion

1.728624

Log likelihood

-381.4986

    Hannan-Quinn  criter.

1.712080

Durbin-Watson stat

2.062733

Inverted AR Roots

.96-.06i

     .96+.06i

   .95-.17i

.95+.17i

.92-.29i

     .92+.29i

   .88-.39i

.88+.39i

.82+.50i

     .82-.50i

   .76-.59i

.76+.59i

.68-.68i

     .68+.68i

   .59+.76i

.59-.76i

.50+.82i

     .50-.82i

   .39+.88i

.39-.88i

.29+.92i

     .29-.92i

   .17-.95i

.17+.95i

.06-.96i

     .06+.96i

  -.06+.96i

-.06-.96i

-.17+.95i

    -.17-.95i

  -.29+.92i

-.29-.92i

-.39+.88i

    -.39-.88i

  -.50+.82i

-.50-.82i

-.59-.76i

    -.59+.76i

  -.68+.68i

-.68-.68i

-.76-.59i

    -.76+.59i

  -.82-.50i

-.82+.50i

-.88+.39i

    -.88-.39i

  -.92+.29i

-.92-.29i

-.95-.17i

    -.95+.17i

  -.96-.06i

-.96+.06i

Inverted MA Roots

      1.00

     .99+.12i

   .99-.12i

.97-.24i

.97+.24i

     .93-.35i

   .93+.35i

.88-.46i

.88+.46i

     .82+.57i

   .82-.57i

.75+.66i

.75-.66i

     .66+.75i

   .66-.75i

.57+.82i

.57-.82i

          .51

   .46-.88i

.46+.88i

.35-.93i

     .35+.93i

   .24-.97i

.24+.97i

.12-.99i

     .12+.99i

  -.00-1.00i

-.00+1.00i

-.12-.99i

    -.12+.99i

  -.24-.97i

-.24+.97i

-.35-.93i

    -.35+.93i

  -.46+.88i

-.46-.88i

-.57-.82i

    -.57+.82i

  -.66-.75i

-.66+.75i

-.75+.66i

    -.75-.66i

  -.82+.57i

-.82-.57i

-.88+.46i

    -.88-.46i

  -.93+.35i

-.93-.35i

-.97+.24i

    -.97-.24i

  -.99-.12i

-.99+.12i

     -1.00