
Ox Professional version 7.04 (Windows/U/MT) (C) J.A. Doornik, 1994-2014
PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  2:38.18
Autometrics settings
	Autometrics(0.1, "none", 0);
	AutometricsSet("pvalue_tests", 0);

*** HP80 constant=U M=1000 T=139 pvalue=0.1 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      9.3027
Potency (%)                   43.4333
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              1.3030
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    3.4420
ESE final model                3.4894
ESE DGP                        3.6440
Final equals DGP (% reps)      0.5000
Final contains DGP (% reps)    4.4000
Gauge (significant only)       9.3027


        y_1     x3   x3_1
Hits  100.0   18.9   11.4

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0   27  113  201  185  161  104   91   48   32   22    7    6    1    1    1    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero      9.80   5.60   1.40
Chow(70%)   9.60   4.80   1.00
Joint      37.10  20.50   4.60

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       3.80   1.90   0.20
ARCH(4)     7.60   3.90   0.80
Normality  10.10   5.30   1.10
Hetero      9.70   5.10   1.40
Chow(70%)   6.10   2.50   0.70
Joint      32.30  17.40   4.00

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  3:12.44
Autometrics settings
	Autometrics(0.05, "none", 0);
	AutometricsSet("pvalue_tests", 0);

*** HP80 constant=U M=1000 T=139 pvalue=0.05 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      5.5946
Potency (%)                   40.6333
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              1.2190
Insignificant (avg no)         0.0010
Insign. irrelevant (avg no)    0.0010
Signif. irrelevant (avg no)    2.0690
ESE final model                3.5324
ESE DGP                        3.6440
Final equals DGP (% reps)      0.9000
Final contains DGP (% reps)    3.0000
Gauge (significant only)       5.5919


        y_1     x3   x3_1
Hits  100.0   14.6    7.3

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0  150  234  227  169  117   42   36   11    8    2    3    1    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero      9.80   5.60   1.40
Chow(70%)   9.60   4.80   1.00
Joint      37.10  20.50   4.60

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       4.90   2.40   0.50
ARCH(4)     8.50   4.00   1.00
Normality  10.00   4.70   0.90
Hetero      9.00   4.00   0.90
Chow(70%)   6.70   3.30   0.50
Joint      33.40  16.70   3.70

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  4:47.59
Autometrics settings
	Autometrics(0.01, "none", 0);
	AutometricsSet("pvalue_tests", 0);

*** HP80 constant=U M=1000 T=139 pvalue=0.01 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      1.3838
Potency (%)                   35.4333
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              1.0630
Insignificant (avg no)         0.0030
Insign. irrelevant (avg no)    0.0020
Signif. irrelevant (avg no)    0.5100
ESE final model                3.6150
ESE DGP                        3.6440
Final equals DGP (% reps)      0.4000
Final contains DGP (% reps)    0.8000
Gauge (significant only)       1.3784


        y_1     x3   x3_1
Hits  100.0    3.8    2.5

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0  679  168   94   34   14    7    3    0    1    0    0    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero      9.80   5.60   1.40
Chow(70%)   9.60   4.80   1.00
Joint      37.10  20.50   4.60

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       6.90   3.20   0.60
ARCH(4)     7.60   3.90   1.00
Normality   9.30   4.80   0.60
Hetero      8.60   2.80   0.90
Chow(70%)   9.10   3.80   1.10
Joint      34.20  16.90   4.10

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  2:35.77
Autometrics settings
	Autometrics(0.1, "none", 0);
	AutometricsSet("pvalue_tests", 0);

*** HP800 constant=U M=1000 T=139 pvalue=0.1 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      9.7378
Potency (%)                   94.2000
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              2.8260
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    3.6030
ESE final model                0.6969
ESE DGP                        0.7288
Final equals DGP (% reps)      4.4000
Final contains DGP (% reps)   85.9000
Gauge (significant only)       9.7378


        y_1     x3   x3_1
Hits  100.0   92.6   90.0

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0    0    1   58  131  193  193  151  106   69   45   23   19    7    3    0    1    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.00   5.40   1.60
Chow(70%)   9.60   4.80   1.00
Joint      37.30  20.50   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       5.00   1.80   0.10
ARCH(4)     6.70   3.00   0.80
Normality  11.40   4.70   1.00
Hetero     10.20   5.70   1.20
Chow(70%)   5.90   2.70   0.30
Joint      33.20  16.70   3.30

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  2:43.88
Autometrics settings
	Autometrics(0.05, "none", 0);
	AutometricsSet("pvalue_tests", 0);

*** HP800 constant=U M=1000 T=139 pvalue=0.05 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      5.7568
Potency (%)                   93.7333
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              2.8120
Insignificant (avg no)         0.0050
Insign. irrelevant (avg no)    0.0050
Signif. irrelevant (avg no)    2.1250
ESE final model                0.7060
ESE DGP                        0.7288
Final equals DGP (% reps)     19.5000
Final contains DGP (% reps)   86.3000
Gauge (significant only)       5.7432


        y_1     x3   x3_1
Hits  100.0   92.4   88.8

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0    1   18  224  226  201  149   91   44   30   10    3    2    0    1    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.00   5.40   1.60
Chow(70%)   9.60   4.80   1.00
Joint      37.30  20.50   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       5.10   2.20   0.00
ARCH(4)     7.90   3.40   0.90
Normality  11.40   5.00   1.30
Hetero     10.00   5.20   1.40
Chow(70%)   7.10   3.40   0.40
Joint      34.90  18.10   4.00

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  2:57.38
Autometrics settings
	Autometrics(0.01, "none", 0);
	AutometricsSet("pvalue_tests", 0);

*** HP800 constant=U M=1000 T=139 pvalue=0.01 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      1.7189
Potency (%)                   90.4333
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              2.7130
Insignificant (avg no)         0.0030
Insign. irrelevant (avg no)    0.0030
Signif. irrelevant (avg no)    0.6330
ESE final model                0.7229
ESE DGP                        0.7288
Final equals DGP (% reps)     56.8000
Final contains DGP (% reps)   79.7000
Gauge (significant only)       1.7108


        y_1     x3   x3_1
Hits  100.0   90.5   80.8

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0   30   85  607  151   72   36   10    5    2    2    0    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.00   5.40   1.60
Chow(70%)   9.60   4.80   1.00
Joint      37.30  20.50   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)      10.20   4.40   0.60
ARCH(4)     7.50   4.20   1.00
Normality  10.50   5.00   0.80
Hetero     10.40   5.40   1.10
Chow(70%)  10.70   5.10   0.90
Joint      41.00  21.80   4.40

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  2:33.93
Autometrics settings
	Autometrics(0.1, "none", 0);
	AutometricsSet("pvalue_tests", 0);

*** HP8 constant=U M=1000 T=139 pvalue=0.1 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      9.2595
Potency (%)                  100.0000
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              3.0000
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    3.4260
ESE final model                0.0697
ESE DGP                        0.0729
Final equals DGP (% reps)      2.9000
Final contains DGP (% reps)  100.0000
Gauge (significant only)       9.2595


        y_1     x3   x3_1
Hits  100.0  100.0  100.0

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0    0    0   29  160  190  218  137  103   72   34   36   12    2    4    2    0    0    1    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.50   6.10   1.70
Chow(70%)   9.60   4.80   1.00
Joint      37.50  21.20   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.90   3.80   0.30
ARCH(4)     6.80   3.20   0.90
Normality  10.90   4.90   0.80
Hetero      9.00   4.90   1.70
Chow(70%)   5.10   2.40   0.20
Joint      35.10  17.70   3.90

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  3:05.12
Autometrics settings
	Autometrics(0.05, "none", 0);
	AutometricsSet("pvalue_tests", 0);

*** HP8 constant=U M=1000 T=139 pvalue=0.05 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      5.6946
Potency (%)                  100.0000
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              3.0000
Insignificant (avg no)         0.0020
Insign. irrelevant (avg no)    0.0020
Signif. irrelevant (avg no)    2.1050
ESE final model                0.0705
ESE DGP                        0.0729
Final equals DGP (% reps)     18.5000
Final contains DGP (% reps)  100.0000
Gauge (significant only)       5.6892


        y_1     x3   x3_1
Hits  100.0  100.0  100.0

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0    0    0  185  256  213  155   97   42   24   15    7    4    1    1    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.50   6.10   1.70
Chow(70%)   9.60   4.80   1.00
Joint      37.50  21.20   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.70   3.70   0.60
ARCH(4)     7.50   3.60   0.80
Normality   9.90   4.20   1.00
Hetero     10.10   4.90   1.90
Chow(70%)   6.40   3.60   0.40
Joint      36.40  18.80   4.70

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  4:37.01
Autometrics settings
	Autometrics(0.01, "none", 0);
	AutometricsSet("pvalue_tests", 0);

*** HP8 constant=U M=1000 T=139 pvalue=0.01 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      1.3919
Potency (%)                  100.0000
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              3.0000
Insignificant (avg no)         0.0030
Insign. irrelevant (avg no)    0.0030
Signif. irrelevant (avg no)    0.5120
ESE final model                0.0720
ESE DGP                        0.0729
Final equals DGP (% reps)     71.5000
Final contains DGP (% reps)  100.0000
Gauge (significant only)       1.3838


        y_1     x3   x3_1
Hits  100.0  100.0  100.0

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0    0    0  715  160   67   29   18    6    3    2    0    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.50   6.10   1.70
Chow(70%)   9.60   4.80   1.00
Joint      37.50  21.20   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.90   4.10   0.80
ARCH(4)     7.20   3.70   1.00
Normality  10.10   5.00   0.80
Hetero     10.30   5.80   1.30
Chow(70%)   8.90   4.20   0.60
Joint      38.00  20.30   4.40

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  3:16.33
Autometrics settings
	Autometrics(0.1, "none", 0);
	AutometricsSet("backtesting", "none");
	AutometricsSet("pvalue_tests", 0);

*** HP80 constant=U M=1000 T=139 pvalue=0.1 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      5.4757
Potency (%)                   39.3667
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              1.1810
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    2.0260
ESE final model                3.5433
ESE DGP                        3.6440
Final equals DGP (% reps)      0.3000
Final contains DGP (% reps)    1.9000
Gauge (significant only)       5.4757


        y_1     x3   x3_1
Hits  100.0   11.6    6.5

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0  331  147  137  125   92   69   51   20   10   13    3    1    0    0    1    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero      9.80   5.60   1.40
Chow(70%)   9.60   4.80   1.00
Joint      37.10  20.50   4.60

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       5.10   2.00   0.30
ARCH(4)     7.70   4.40   1.10
Normality   9.90   5.60   0.90
Hetero     10.20   4.60   1.60
Chow(70%)   7.40   2.70   0.70
Joint      34.10  17.80   4.40

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  4:32.71
Autometrics settings
	Autometrics(0.05, "none", 0);
	AutometricsSet("backtesting", "none");
	AutometricsSet("pvalue_tests", 0);

*** HP80 constant=U M=1000 T=139 pvalue=0.05 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      2.0622
Potency (%)                   36.0000
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              1.0800
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.7630
ESE final model                3.6043
ESE DGP                        3.6440
Final equals DGP (% reps)      0.3000
Final contains DGP (% reps)    0.9000
Gauge (significant only)       2.0622


        y_1     x3   x3_1
Hits  100.0    4.7    3.3

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0  623  151  103   61   35   11    8    6    1    0    1    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero      9.80   5.60   1.40
Chow(70%)   9.60   4.80   1.00
Joint      37.10  20.50   4.60

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       6.50   2.70   0.60
ARCH(4)     7.40   4.50   0.80
Normality   9.40   4.20   0.70
Hetero      9.10   3.60   0.70
Chow(70%)   8.70   4.00   0.70
Joint      34.00  17.70   3.50

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  5:38.39
Autometrics settings
	Autometrics(0.01, "none", 0);
	AutometricsSet("backtesting", "none");
	AutometricsSet("pvalue_tests", 0);

*** HP80 constant=U M=1000 T=139 pvalue=0.01 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      0.2324
Potency (%)                   33.7333
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              1.0120
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.0860
ESE final model                3.6553
ESE DGP                        3.6440
Final equals DGP (% reps)      0.2000
Final contains DGP (% reps)    0.2000
Gauge (significant only)       0.2324


        y_1     x3   x3_1
Hits   99.8    1.0    0.4

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    1  930   46   19    2    1    1    0    0    0    0    0    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero      9.80   5.60   1.40
Chow(70%)   9.60   4.80   1.00
Joint      37.10  20.50   4.60

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.90   4.00   0.80
ARCH(4)     6.70   3.90   1.10
Normality   9.10   4.70   0.50
Hetero      7.60   2.70   0.50
Chow(70%)   9.80   4.70   1.30
Joint      34.90  17.80   4.10

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  2:58.28
Autometrics settings
	Autometrics(0.1, "none", 0);
	AutometricsSet("backtesting", "none");
	AutometricsSet("pvalue_tests", 0);

*** HP800 constant=U M=1000 T=139 pvalue=0.1 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      6.0676
Potency (%)                   90.2333
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              2.7070
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    2.2450
ESE final model                0.7097
ESE DGP                        0.7288
Final equals DGP (% reps)     21.2000
Final contains DGP (% reps)   77.2000
Gauge (significant only)       6.0676


        y_1     x3   x3_1
Hits  100.0   90.0   80.7

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0   12   76  245  177  144  119   80   56   44   24   13    7    2    1    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.00   5.40   1.60
Chow(70%)   9.60   4.80   1.00
Joint      37.30  20.50   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       9.90   5.80   1.50
ARCH(4)     7.30   4.00   0.80
Normality  11.10   4.50   0.50
Hetero     10.60   6.20   1.60
Chow(70%)   7.90   3.90   0.10
Joint      38.40  21.90   4.40

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  3:33.08
Autometrics settings
	Autometrics(0.05, "none", 0);
	AutometricsSet("backtesting", "none");
	AutometricsSet("pvalue_tests", 0);

*** HP800 constant=U M=1000 T=139 pvalue=0.05 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      3.1324
Potency (%)                   83.1667
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              2.4950
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    1.1590
ESE final model                0.7244
ESE DGP                        0.7288
Final equals DGP (% reps)     32.8000
Final contains DGP (% reps)   62.8000
Gauge (significant only)       3.1324


        y_1     x3   x3_1
Hits  100.0   82.8   66.7

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0   21  177  400  173  109   53   34   18   11    2    1    1    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.00   5.40   1.60
Chow(70%)   9.60   4.80   1.00
Joint      37.30  20.50   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)      13.90   8.60   2.80
ARCH(4)     8.20   4.30   0.90
Normality  10.60   5.00   1.10
Hetero      9.90   4.80   1.50
Chow(70%)   9.70   4.70   0.80
Joint      42.60  23.80   6.70

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  4:11.63
Autometrics settings
	Autometrics(0.01, "none", 0);
	AutometricsSet("backtesting", "none");
	AutometricsSet("pvalue_tests", 0);

*** HP800 constant=U M=1000 T=139 pvalue=0.01 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      1.8270
Potency (%)                   62.3667
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              1.8710
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.6760
ESE final model                0.7514
ESE DGP                        0.7288
Final equals DGP (% reps)     22.6000
Final contains DGP (% reps)   27.0000
Gauge (significant only)       1.8270


        y_1     x3   x3_1
Hits  100.0   56.4   30.7

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0   93  450  336   83   25    7    4    0    1    1    0    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.00   5.40   1.60
Chow(70%)   9.60   4.80   1.00
Joint      37.30  20.50   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)      23.10  16.00   6.40
ARCH(4)     7.50   4.20   0.90
Normality   8.60   4.70   0.70
Hetero      9.80   4.70   1.20
Chow(70%)  14.00   6.70   1.60
Joint      49.90  31.20  10.30

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  3:19.72
Autometrics settings
	Autometrics(0.1, "none", 0);
	AutometricsSet("backtesting", "none");
	AutometricsSet("pvalue_tests", 0);

*** HP8 constant=U M=1000 T=139 pvalue=0.1 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      4.7892
Potency (%)                  100.0000
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              3.0000
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    1.7720
ESE final model                0.0709
ESE DGP                        0.0729
Final equals DGP (% reps)     43.8000
Final contains DGP (% reps)  100.0000
Gauge (significant only)       4.7892


        y_1     x3   x3_1
Hits  100.0  100.0  100.0

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0    0    0  438  130  115  122   73   48   35   22    9    4    2    2    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.50   6.10   1.70
Chow(70%)   9.60   4.80   1.00
Joint      37.50  21.20   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       9.20   4.10   0.60
ARCH(4)     8.00   4.10   0.80
Normality  11.30   5.00   1.00
Hetero     10.50   5.70   1.70
Chow(70%)   6.70   3.60   0.60
Joint      38.30  20.80   4.60

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  4:32.93
Autometrics settings
	Autometrics(0.05, "none", 0);
	AutometricsSet("backtesting", "none");
	AutometricsSet("pvalue_tests", 0);

*** HP8 constant=U M=1000 T=139 pvalue=0.05 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      1.9784
Potency (%)                  100.0000
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              3.0000
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.7320
ESE final model                0.0718
ESE DGP                        0.0729
Final equals DGP (% reps)     66.9000
Final contains DGP (% reps)  100.0000
Gauge (significant only)       1.9784


        y_1     x3   x3_1
Hits  100.0  100.0  100.0

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0    0    0  669  132  102   43   26   13    8    6    1    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.50   6.10   1.70
Chow(70%)   9.60   4.80   1.00
Joint      37.50  21.20   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.70   3.80   0.50
ARCH(4)     7.20   3.70   1.00
Normality  10.30   4.90   1.00
Hetero     11.20   5.30   1.80
Chow(70%)   9.20   4.20   0.40
Joint      39.70  20.20   4.70

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  5:26.61
Autometrics settings
	Autometrics(0.01, "none", 0);
	AutometricsSet("backtesting", "none");
	AutometricsSet("pvalue_tests", 0);

*** HP8 constant=U M=1000 T=139 pvalue=0.01 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      0.2514
Potency (%)                   99.9333
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              2.9980
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.0930
ESE final model                0.0727
ESE DGP                        0.0729
Final equals DGP (% reps)     93.4000
Final contains DGP (% reps)   99.9000
Gauge (significant only)       0.2514


        y_1     x3   x3_1
Hits   99.9  100.0   99.9

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0    1    0  934   44   15    5    1    0    0    0    0    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.50   6.10   1.70
Chow(70%)   9.60   4.80   1.00
Joint      37.50  21.20   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       9.40   4.50   0.70
ARCH(4)     7.20   4.20   0.80
Normality   9.40   4.70   1.00
Hetero     10.30   5.70   1.60
Chow(70%)   9.70   4.80   0.90
Joint      38.20  21.30   4.80

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  2:32.66
Autometrics settings
	Autometrics(0.1, "none", 0);
	AutometricsSet("backtesting", "current GUM");
	AutometricsSet("pvalue_tests", 0);

*** HP80 constant=U M=1000 T=139 pvalue=0.1 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                     13.7649
Potency (%)                   47.7000
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              1.4310
Insignificant (avg no)         0.0700
Insign. irrelevant (avg no)    0.0630
Signif. irrelevant (avg no)    5.0300
ESE final model                3.4407
ESE DGP                        3.6440
Final equals DGP (% reps)      0.3000
Final contains DGP (% reps)    7.6000
Gauge (significant only)      13.5946


        y_1     x3   x3_1
Hits  100.0   25.7   17.4

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0   25   45   96  107  135   99  143  113   82   52   44   27   10   12    6    3    1    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero      9.80   5.60   1.40
Chow(70%)   9.60   4.80   1.00
Joint      37.10  20.50   4.60

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       3.80   1.80   0.10
ARCH(4)     8.00   3.60   1.00
Normality  10.80   6.40   0.90
Hetero      8.00   4.70   1.10
Chow(70%)   4.40   2.00   0.70
Joint      31.10  17.50   3.70

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  3:04.64
Autometrics settings
	Autometrics(0.05, "none", 0);
	AutometricsSet("backtesting", "current GUM");
	AutometricsSet("pvalue_tests", 0);

*** HP80 constant=U M=1000 T=139 pvalue=0.05 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      7.8027
Potency (%)                   42.2333
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              1.2670
Insignificant (avg no)         0.0880
Insign. irrelevant (avg no)    0.0810
Signif. irrelevant (avg no)    2.8060
ESE final model                3.5011
ESE DGP                        3.6440
Final equals DGP (% reps)      0.7000
Final contains DGP (% reps)    4.3000
Gauge (significant only)       7.5838


        y_1     x3   x3_1
Hits  100.0   17.2    9.5

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0  149  129  181  150  132   82   75   42   33   11   12    2    1    0    1    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero      9.80   5.60   1.40
Chow(70%)   9.60   4.80   1.00
Joint      37.10  20.50   4.60

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       3.50   1.40   0.20
ARCH(4)     7.60   3.80   0.60
Normality   9.00   4.60   1.00
Hetero      9.20   4.20   1.00
Chow(70%)   6.30   2.90   0.60
Joint      31.10  15.70   3.30

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  4:41.06
Autometrics settings
	Autometrics(0.01, "none", 0);
	AutometricsSet("backtesting", "current GUM");
	AutometricsSet("pvalue_tests", 0);

*** HP80 constant=U M=1000 T=139 pvalue=0.01 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      1.4919
Potency (%)                   35.7333
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              1.0720
Insignificant (avg no)         0.0180
Insign. irrelevant (avg no)    0.0160
Signif. irrelevant (avg no)    0.5360
ESE final model                3.6120
ESE DGP                        3.6440
Final equals DGP (% reps)      0.5000
Final contains DGP (% reps)    1.2000
Gauge (significant only)       1.4486


        y_1     x3   x3_1
Hits  100.0    4.5    2.7

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0  678  154   92   41   23    6    2    3    1    0    0    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero      9.80   5.60   1.40
Chow(70%)   9.60   4.80   1.00
Joint      37.10  20.50   4.60

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       6.70   2.90   0.60
ARCH(4)     7.50   4.10   1.00
Normality   9.00   4.60   0.60
Hetero      8.50   2.90   0.90
Chow(70%)   9.00   3.90   1.10
Joint      33.60  16.90   4.10

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  2:24.85
Autometrics settings
	Autometrics(0.1, "none", 0);
	AutometricsSet("backtesting", "current GUM");
	AutometricsSet("pvalue_tests", 0);

*** HP800 constant=U M=1000 T=139 pvalue=0.1 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                     13.5324
Potency (%)                   95.0333
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              2.8510
Insignificant (avg no)         0.0520
Insign. irrelevant (avg no)    0.0510
Signif. irrelevant (avg no)    4.9560
ESE final model                0.6889
ESE DGP                        0.7288
Final equals DGP (% reps)      3.0000
Final contains DGP (% reps)   87.2000
Gauge (significant only)      13.3946


        y_1     x3   x3_1
Hits  100.0   93.0   92.1

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0    0    0   34   61  109  146  138  141  105  102   62   37   31   18    8    7    0    0    1


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.00   5.40   1.60
Chow(70%)   9.60   4.80   1.00
Joint      37.30  20.50   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       4.50   1.60   0.10
ARCH(4)     6.60   3.90   1.20
Normality  12.10   5.40   1.30
Hetero      8.50   4.50   1.10
Chow(70%)   5.50   2.40   0.20
Joint      31.80  16.60   3.90

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  2:38.18
Autometrics settings
	Autometrics(0.05, "none", 0);
	AutometricsSet("backtesting", "current GUM");
	AutometricsSet("pvalue_tests", 0);

*** HP800 constant=U M=1000 T=139 pvalue=0.05 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      8.3595
Potency (%)                   94.4333
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              2.8330
Insignificant (avg no)         0.0900
Insign. irrelevant (avg no)    0.0860
Signif. irrelevant (avg no)    3.0070
ESE final model                0.6987
ESE DGP                        0.7288
Final equals DGP (% reps)     14.0000
Final contains DGP (% reps)   86.3000
Gauge (significant only)       8.1270


        y_1     x3   x3_1
Hits  100.0   93.1   90.2

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0    1    5  148  174  156  155  124   82   76   41   21   10    3    3    1    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.00   5.40   1.60
Chow(70%)   9.60   4.80   1.00
Joint      37.30  20.50   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       4.70   1.80   0.10
ARCH(4)     6.50   2.60   0.70
Normality  10.90   4.90   1.00
Hetero     10.00   5.20   1.30
Chow(70%)   6.80   3.10   0.40
Joint      32.90  16.30   3.50

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  2:57.23
Autometrics settings
	Autometrics(0.01, "none", 0);
	AutometricsSet("backtesting", "current GUM");
	AutometricsSet("pvalue_tests", 0);

*** HP800 constant=U M=1000 T=139 pvalue=0.01 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      2.2135
Potency (%)                   90.8667
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              2.7260
Insignificant (avg no)         0.0690
Insign. irrelevant (avg no)    0.0650
Signif. irrelevant (avg no)    0.7540
ESE final model                0.7205
ESE DGP                        0.7288
Final equals DGP (% reps)     51.0000
Final contains DGP (% reps)   80.9000
Gauge (significant only)       2.0378


        y_1     x3   x3_1
Hits  100.0   90.5   82.1

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0   30   77  542  173   90   50   24    7    3    3    0    1    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.00   5.40   1.60
Chow(70%)   9.60   4.80   1.00
Joint      37.30  20.50   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       9.60   4.30   0.50
ARCH(4)     7.70   4.20   1.00
Normality  10.60   5.30   0.80
Hetero     10.20   5.00   1.20
Chow(70%)  10.20   4.70   0.90
Joint      39.80  21.10   4.40

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  2:30.80
Autometrics settings
	Autometrics(0.1, "none", 0);
	AutometricsSet("backtesting", "current GUM");
	AutometricsSet("pvalue_tests", 0);

*** HP8 constant=U M=1000 T=139 pvalue=0.1 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                     12.9784
Potency (%)                  100.0000
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              3.0000
Insignificant (avg no)         0.0510
Insign. irrelevant (avg no)    0.0510
Signif. irrelevant (avg no)    4.7510
ESE final model                0.0689
ESE DGP                        0.0729
Final equals DGP (% reps)      2.9000
Final contains DGP (% reps)  100.0000
Gauge (significant only)      12.8405


        y_1     x3   x3_1
Hits  100.0  100.0  100.0

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0    0    0   29   75  117  154  135  124  120   73   65   44   21   21   12    4    3    3    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.50   6.10   1.70
Chow(70%)   9.60   4.80   1.00
Joint      37.50  21.20   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.80   4.40   0.50
ARCH(4)     6.70   3.10   0.80
Normality  10.60   5.60   1.70
Hetero      8.50   4.00   1.50
Chow(70%)   4.30   2.10   0.40
Joint      32.80  17.90   4.80

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  3:06.66
Autometrics settings
	Autometrics(0.05, "none", 0);
	AutometricsSet("backtesting", "current GUM");
	AutometricsSet("pvalue_tests", 0);

*** HP8 constant=U M=1000 T=139 pvalue=0.05 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      7.5459
Potency (%)                  100.0000
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              3.0000
Insignificant (avg no)         0.0630
Insign. irrelevant (avg no)    0.0630
Signif. irrelevant (avg no)    2.7290
ESE final model                0.0700
ESE DGP                        0.0729
Final equals DGP (% reps)     18.4000
Final contains DGP (% reps)  100.0000
Gauge (significant only)       7.3757


        y_1     x3   x3_1
Hits  100.0  100.0  100.0

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0    0    0  184  175  165  148  109   72   60   45   23    9    5    3    2    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.50   6.10   1.70
Chow(70%)   9.60   4.80   1.00
Joint      37.50  21.20   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.30   3.30   0.50
ARCH(4)     7.60   3.20   0.70
Normality  10.90   5.10   1.20
Hetero     10.10   5.40   1.80
Chow(70%)   5.50   3.30   0.40
Joint      35.90  19.00   4.60

PcGive package version 14.0B3, object created on 21-07-2014
(C) Jurgen A Doornik - requires a licensed version of PcGive Professional

====================
Model selection:  Autometrics
replications, M=         1000  time                  4:41.77
Autometrics settings
	Autometrics(0.01, "none", 0);
	AutometricsSet("backtesting", "current GUM");
	AutometricsSet("pvalue_tests", 0);

*** HP8 constant=U M=1000 T=139 pvalue=0.01 #insig=37 #sig=3 cp=41 cp_orig=41

Gauge (%)                      1.4054
Potency (%)                  100.0000
Replications, M=            1000.0000
GUM: relevant variables        3.0000
GUM: irrelevant variables     37.0000
GUM: no of variables          41.0000
Relevant (avg no)              3.0000
Insignificant (avg no)         0.0120
Insign. irrelevant (avg no)    0.0120
Signif. irrelevant (avg no)    0.5080
ESE final model                0.0720
ESE DGP                        0.0729
Final equals DGP (% reps)     71.8000
Final contains DGP (% reps)  100.0000
Gauge (significant only)       1.3730


        y_1     x3   x3_1
Hits  100.0  100.0  100.0

Model size
    0    1    2    3    4    5    6    7    8    9   10   11   12   13   14   15   16   17   18   19   20
    0    0    0    0  718  152   70   32   17    5    3    3    0    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       8.00   4.20   0.50
ARCH(4)     8.20   3.70   1.00
Normality   9.50   4.50   0.90
Hetero     10.50   6.10   1.70
Chow(70%)   9.60   4.80   1.00
Joint      37.50  21.20   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(5)       9.10   4.10   0.80
ARCH(4)     7.20   3.60   1.10
Normality   9.90   4.80   0.80
Hetero     10.30   5.70   1.40
Chow(70%)   8.90   4.20   0.60
Joint      38.00  19.90   4.60

Total time:  1:35:19.31
