
Ox Professional version 7.04 (Windows/U/MT) (C) J.A. Doornik, 1994-2014
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:        Lasso  termination:               SC
replications, M=         1000  time                     6.33

*** JEDC(rho=-0.95)
 M=1000 T=100 pvalue=0 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      9.6813
Potency (%)                   38.6000
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              1.9300
Insignificant (avg no)         3.4790
Insign. irrelevant (avg no)    1.5490
Signif. irrelevant (avg no)    0.0000
ESE final model                1.0544
ESE DGP                        0.9963
Final equals DGP (% reps)      0.0000
Final contains DGP (% reps)    3.3000
Gauge (significant only)       0.0000
F+DGP dominates F at 5%       77.0000
F+DGP dominates DGP at 5%     17.4000
Both dominated at 5%          10.3000


         x1     x2     x3     x4     x5
Hits  100.0   29.3   27.6    7.9   28.2

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  305  228  139   54   56   59   41   28   34   27   11    5    8    2    0    1    1    1    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero     10.00   6.10   1.70
Chow(70%)  10.70   4.90   0.80
Joint      40.20  22.40   5.30

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       6.90   2.80   0.40
ARCH(1)     8.00   3.70   0.90
Normality   8.40   4.30   1.60
Hetero     10.00   6.80   2.70
Chow(70%)   9.80   5.10   0.80
Joint      36.20  20.90   6.10

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero     10.10   5.30   1.10
Chow(70%)  10.70   5.30   1.10
Joint      40.20  21.30   5.10

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:        Lasso  termination:               SC
replications, M=         1000  time                     6.44

*** JEDC(rho=-0.9)
 M=1000 T=100 pvalue=0 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      9.3313
Potency (%)                   37.9800
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              1.8990
Insignificant (avg no)         3.3920
Insign. irrelevant (avg no)    1.4930
Signif. irrelevant (avg no)    0.0000
ESE final model                1.0548
ESE DGP                        0.9963
Final equals DGP (% reps)      0.0000
Final contains DGP (% reps)    3.3000
Gauge (significant only)       0.0000
F+DGP dominates F at 5%       76.1000
F+DGP dominates DGP at 5%     20.6000
Both dominated at 5%          12.6000


         x1     x2     x3     x4     x5
Hits  100.0   31.1   25.4    9.0   24.4

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  369  201  115   48   51   42   45   37   32   23   15    9   10    2    0    0    1    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.50   6.00   1.50
Chow(70%)  10.70   4.90   0.80
Joint      39.50  22.20   5.10

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.10   3.10   0.40
ARCH(1)     7.30   3.90   1.30
Normality   9.10   4.40   1.30
Hetero     10.20   6.10   2.60
Chow(70%)  10.20   4.60   0.70
Joint      37.00  20.40   6.10

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero     10.30   5.90   1.60
Chow(70%)  10.70   5.30   1.10
Joint      40.40  21.80   5.40

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:        Lasso  termination:               SC
replications, M=         1000  time                     6.56

*** JEDC(rho=-0.8)
 M=1000 T=100 pvalue=0 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                     10.6313
Potency (%)                   42.2800
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              2.1140
Insignificant (avg no)         3.8150
Insign. irrelevant (avg no)    1.7010
Signif. irrelevant (avg no)    0.0000
ESE final model                1.0451
ESE DGP                        0.9963
Final equals DGP (% reps)      0.0000
Final contains DGP (% reps)    5.8000
Gauge (significant only)       0.0000
F+DGP dominates F at 5%       68.7000
F+DGP dominates DGP at 5%     23.6000
Both dominated at 5%          11.3000


         x1     x2     x3     x4     x5
Hits  100.0   43.3   30.0   13.4   24.7

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  364  148   79   66   63   59   58   54   42   26   14   13    3    9    0    0    2    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.70   5.80   1.60
Chow(70%)  10.70   4.90   0.80
Joint      39.50  21.70   5.20

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.20   3.10   0.60
ARCH(1)     7.70   3.60   0.90
Normality   8.00   4.10   1.40
Hetero      9.40   5.30   2.10
Chow(70%)  10.40   5.10   1.00
Joint      35.40  19.10   5.80

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero     10.40   5.90   1.70
Chow(70%)  10.70   5.30   1.10
Joint      40.60  21.90   5.40

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:        Lasso  termination:               SC
replications, M=         1000  time                     6.96

*** JEDC(rho=-0.4)
 M=1000 T=100 pvalue=0 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                     13.0500
Potency (%)                   67.0200
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.3510
Insignificant (avg no)         5.4390
Insign. irrelevant (avg no)    2.0880
Signif. irrelevant (avg no)    0.0000
ESE final model                0.9977
ESE DGP                        0.9963
Final equals DGP (% reps)      0.9000
Final contains DGP (% reps)   20.2000
Gauge (significant only)       0.0000
F+DGP dominates F at 5%       39.1000
F+DGP dominates DGP at 5%     37.4000
Both dominated at 5%           8.4000


         x1     x2     x3     x4     x5
Hits  100.0   90.1   63.6   42.7   38.7

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   67  111  132  107  139  113   94   78   57   36   26   24    7    4    3    2    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      8.30   5.30   1.40
Chow(70%)  10.70   4.90   0.80
Joint      38.80  21.50   5.00

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.70   2.90   0.50
ARCH(1)     7.80   3.90   1.30
Normality   8.60   3.60   0.90
Hetero      8.90   4.80   1.00
Chow(70%)  10.30   5.00   1.00
Joint      36.20  18.50   4.50

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero      9.80   4.60   1.10
Chow(70%)  10.70   5.30   1.10
Joint      39.20  20.60   4.90

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:        Lasso  termination:               SC
replications, M=         1000  time                     7.02

*** JEDC(rho=0)
 M=1000 T=100 pvalue=0 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                     11.3000
Potency (%)                   86.1200
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              4.3060
Insignificant (avg no)         6.1140
Insign. irrelevant (avg no)    1.8080
Signif. irrelevant (avg no)    0.0000
ESE final model                0.9751
ESE DGP                        0.9963
Final equals DGP (% reps)      7.0000
Final contains DGP (% reps)   46.9000
Gauge (significant only)       0.0000
F+DGP dominates F at 5%       10.4000
F+DGP dominates DGP at 5%     42.4000
Both dominated at 5%           2.3000


         x1     x2     x3     x4     x5
Hits  100.0   99.6   95.7   79.4   55.9

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    3   11   79  160  212  163  132   94   65   35   17   12   11    3    2    0    1    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      8.80   4.70   1.50
Chow(70%)  10.70   4.90   0.80
Joint      39.40  21.00   5.10

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.00   3.10   0.10
ARCH(1)     8.50   3.80   0.60
Normality   8.70   5.10   1.00
Hetero      9.50   5.20   1.30
Chow(70%)  11.00   5.90   0.50
Joint      38.00  20.40   3.50

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero      9.20   4.80   1.10
Chow(70%)  10.70   5.30   1.10
Joint      38.80  21.30   4.90

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:        Lasso  termination:               SC
replications, M=         1000  time                     6.93

*** JEDC(rho=0.4)
 M=1000 T=100 pvalue=0 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      7.5813
Potency (%)                   93.3400
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              4.6670
Insignificant (avg no)         5.8800
Insign. irrelevant (avg no)    1.2130
Signif. irrelevant (avg no)    0.0000
ESE final model                0.9765
ESE DGP                        0.9963
Final equals DGP (% reps)     22.7000
Final contains DGP (% reps)   68.0000
Gauge (significant only)       0.0000
F+DGP dominates F at 5%        0.5000
F+DGP dominates DGP at 5%     36.4000
Both dominated at 5%           0.1000


         x1     x2     x3     x4     x5
Hits  100.0  100.0   99.6   95.4   71.7

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    0    0   12  149  324  232  151   72   28   16    7    4    4    1    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      8.80   4.60   1.60
Chow(70%)  10.70   4.90   0.80
Joint      38.90  20.50   5.10

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.80   4.20   0.80
ARCH(1)     9.10   4.00   0.90
Normality   8.30   4.20   0.80
Hetero      8.50   4.90   1.50
Chow(70%)   9.70   4.80   0.60
Joint      37.30  20.50   4.50

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero      8.10   4.80   0.70
Chow(70%)  10.70   5.30   1.10
Joint      38.90  21.10   4.60

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:        Lasso  termination:               SC
replications, M=         1000  time                     6.75

*** JEDC(rho=0.8)
 M=1000 T=100 pvalue=0 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      5.4562
Potency (%)                   96.3600
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              4.8180
Insignificant (avg no)         5.6910
Insign. irrelevant (avg no)    0.8730
Signif. irrelevant (avg no)    0.0000
ESE final model                0.9840
ESE DGP                        0.9963
Final equals DGP (% reps)     36.7000
Final contains DGP (% reps)   81.8000
Gauge (significant only)       0.0000
F+DGP dominates F at 5%        0.0000
F+DGP dominates DGP at 5%     20.8000
Both dominated at 5%           0.0000


         x1     x2     x3     x4     x5
Hits  100.0  100.0  100.0   98.0   83.8

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    0    0    0   97  418  291  126   41   17    6    4    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.10   4.50   1.30
Chow(70%)  10.70   4.90   0.80
Joint      39.50  20.40   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       9.80   4.70   0.80
ARCH(1)     8.70   4.20   0.80
Normality   8.40   3.90   1.10
Hetero      9.30   4.80   1.70
Chow(70%)   9.80   5.50   0.60
Joint      38.40  21.00   4.70

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero      9.60   4.70   0.50
Chow(70%)  10.70   5.30   1.10
Joint      39.80  21.00   4.50

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:        Lasso  termination:               SC
replications, M=         1000  time                     6.76

*** JEDC(rho=0.9)
 M=1000 T=100 pvalue=0 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      5.8063
Potency (%)                   97.1600
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              4.8580
Insignificant (avg no)         5.7870
Insign. irrelevant (avg no)    0.9290
Signif. irrelevant (avg no)    0.0000
ESE final model                0.9863
ESE DGP                        0.9963
Final equals DGP (% reps)     36.5000
Final contains DGP (% reps)   85.8000
Gauge (significant only)       0.0000
F+DGP dominates F at 5%        0.0000
F+DGP dominates DGP at 5%     17.2000
Both dominated at 5%           0.0000


         x1     x2     x3     x4     x5
Hits  100.0  100.0  100.0   98.2   87.6

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    0   51  417  327  134   52   13    2    3    1    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.00   4.90   1.40
Chow(70%)  10.70   4.90   0.80
Joint      39.00  20.80   4.90

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       9.90   4.70   0.70
ARCH(1)     8.40   4.00   0.60
Normality   8.40   3.80   1.20
Hetero      9.20   5.40   1.50
Chow(70%)   9.90   5.20   0.70
Joint      38.30  21.10   4.50

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero     11.10   5.30   1.00
Chow(70%)  10.70   5.30   1.10
Joint      40.50  21.40   5.00

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:        Lasso  termination:               SC
replications, M=         1000  time                     6.76

*** JEDC(rho=0.95)
 M=1000 T=100 pvalue=0 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      6.5625
Potency (%)                   97.3000
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              4.8650
Insignificant (avg no)         5.9150
Insign. irrelevant (avg no)    1.0500
Signif. irrelevant (avg no)    0.0000
ESE final model                0.9880
ESE DGP                        0.9963
Final equals DGP (% reps)     31.1000
Final contains DGP (% reps)   86.5000
Gauge (significant only)       0.0000
F+DGP dominates F at 5%        0.0000
F+DGP dominates DGP at 5%     14.7000
Both dominated at 5%           0.0000


         x1     x2     x3     x4     x5
Hits  100.0  100.0  100.0   97.9   88.6

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    0   31  366  368  152   64   14    4    1    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero     10.10   4.80   1.10
Chow(70%)  10.70   4.90   0.80
Joint      40.20  21.00   4.60

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.50   4.90   0.90
ARCH(1)     7.80   3.80   0.70
Normality   8.60   3.90   1.10
Hetero      9.20   5.00   1.40
Chow(70%)  10.20   5.40   0.60
Joint      39.10  20.90   4.50

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero     11.80   6.20   1.20
Chow(70%)  10.70   5.30   1.10
Joint      40.70  22.20   5.20

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.01
replications, M=         1000  time                     5.49

*** JEDC(rho=-0.95)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      0.7750
Potency (%)                   41.2000
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              2.0600
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.1240
ESE final model                1.0383
ESE DGP                        0.9963
Final equals DGP (% reps)      0.2000
Final contains DGP (% reps)    0.2000
Gauge (significant only)       0.7750
F+DGP dominates F at 5%       62.1000
F+DGP dominates DGP at 5%      9.8000
Both dominated at 5%           6.3000


         x1     x2     x3     x4     x5
Hits   99.9   65.8   31.6    2.2    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  320  228  403   46    3    0    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero     10.00   6.10   1.70
Chow(70%)  10.70   4.90   0.80
Joint      40.20  22.40   5.30

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.50   3.30   0.90
ARCH(1)     8.60   3.90   1.00
Normality   9.20   4.50   1.40
Hetero     10.10   5.20   1.70
Chow(70%)  10.50   5.00   0.80
Joint      37.80  20.10   5.60

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero     10.10   5.30   1.10
Chow(70%)  10.70   5.30   1.10
Joint      40.20  21.30   5.10

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.01
replications, M=         1000  time                     5.67

*** JEDC(rho=-0.9)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      0.8563
Potency (%)                   43.1000
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              2.1550
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.1370
ESE final model                1.0351
ESE DGP                        0.9963
Final equals DGP (% reps)      0.2000
Final contains DGP (% reps)    0.2000
Gauge (significant only)       0.8563
F+DGP dominates F at 5%       61.6000
F+DGP dominates DGP at 5%     11.1000
Both dominated at 5%           6.7000


         x1     x2     x3     x4     x5
Hits   99.9   71.7   34.7    2.7    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  258  257  425   55    5    0    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.50   6.00   1.50
Chow(70%)  10.70   4.90   0.80
Joint      39.50  22.20   5.10

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.60   3.30   0.60
ARCH(1)     7.90   3.70   1.00
Normality   9.10   4.70   1.20
Hetero     10.30   5.40   2.10
Chow(70%)  10.70   4.80   0.70
Joint      37.70  19.70   5.30

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero     10.30   5.90   1.60
Chow(70%)  10.70   5.30   1.10
Joint      40.40  21.80   5.40

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.01
replications, M=         1000  time                     5.76

*** JEDC(rho=-0.8)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      1.0000
Potency (%)                   45.8200
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              2.2910
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.1600
ESE final model                1.0317
ESE DGP                        0.9963
Final equals DGP (% reps)      0.6000
Final contains DGP (% reps)    0.6000
Gauge (significant only)       1.0000
F+DGP dominates F at 5%       60.5000
F+DGP dominates DGP at 5%     13.4000
Both dominated at 5%           8.3000


         x1     x2     x3     x4     x5
Hits   99.7   79.8   38.9    4.2    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  178  299  435   70   18    0    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.70   5.80   1.60
Chow(70%)  10.70   4.90   0.80
Joint      39.50  21.70   5.20

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       9.00   3.10   0.50
ARCH(1)     7.30   3.60   1.00
Normality   8.90   4.30   1.00
Hetero     10.10   5.10   2.20
Chow(70%)  10.90   5.00   1.20
Joint      38.10  19.10   5.70

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero     10.40   5.90   1.70
Chow(70%)  10.70   5.30   1.10
Joint      40.60  21.90   5.40

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.01
replications, M=         1000  time                     6.08

*** JEDC(rho=-0.4)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      1.0938
Potency (%)                   56.9800
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              2.8490
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.1750
ESE final model                1.0250
ESE DGP                        0.9963
Final equals DGP (% reps)      4.2000
Final contains DGP (% reps)    4.7000
Gauge (significant only)       1.0938
F+DGP dominates F at 5%       60.4000
F+DGP dominates DGP at 5%     17.1000
Both dominated at 5%           9.5000


         x1     x2     x3     x4     x5
Hits   99.7   95.0   60.0   20.0   10.2

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   35  274  414  194   76    6    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      8.30   5.30   1.40
Chow(70%)  10.70   4.90   0.80
Joint      38.80  21.50   5.00

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       9.50   4.40   0.70
ARCH(1)     8.10   4.20   1.10
Normality   8.40   4.20   1.00
Hetero      8.60   5.10   1.60
Chow(70%)  10.90   5.40   1.20
Joint      38.10  20.90   5.30

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero      9.80   4.60   1.10
Chow(70%)  10.70   5.30   1.10
Joint      39.20  20.60   4.90

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.01
replications, M=         1000  time                     6.32

*** JEDC(rho=0)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      1.0750
Potency (%)                   73.0800
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.6540
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.1720
ESE final model                1.0075
ESE DGP                        0.9963
Final equals DGP (% reps)     10.1000
Final contains DGP (% reps)   11.9000
Gauge (significant only)       1.0750
F+DGP dominates F at 5%       44.2000
F+DGP dominates DGP at 5%     18.2000
Both dominated at 5%           7.4000


         x1     x2     x3     x4     x5
Hits  100.0   99.4   87.4   55.9   22.7

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    0   50  298  454  173   24    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      8.80   4.70   1.50
Chow(70%)  10.70   4.90   0.80
Joint      39.40  21.00   5.10

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.70   3.70   0.50
ARCH(1)     8.30   4.90   1.10
Normality   8.70   3.90   1.00
Hetero      9.60   5.60   1.80
Chow(70%)  11.20   5.80   1.20
Joint      39.00  22.00   5.40

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero      9.20   4.80   1.10
Chow(70%)  10.70   5.30   1.10
Joint      38.80  21.30   4.90

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.01
replications, M=         1000  time                     6.40

*** JEDC(rho=0.4)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      1.0625
Potency (%)                   76.9200
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.8460
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.1700
ESE final model                1.0023
ESE DGP                        0.9963
Final equals DGP (% reps)      6.0000
Final contains DGP (% reps)    6.9000
Gauge (significant only)       1.0625
F+DGP dominates F at 5%       31.8000
F+DGP dominates DGP at 5%     17.6000
Both dominated at 5%           4.9000


         x1     x2     x3     x4     x5
Hits  100.0   99.3   84.4   67.9   33.0

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    2  183  636  156   22    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      8.80   4.60   1.60
Chow(70%)  10.70   4.90   0.80
Joint      38.90  20.50   5.10

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.70   4.40   0.90
ARCH(1)     8.90   4.20   1.00
Normality   8.80   4.20   1.20
Hetero      8.20   4.20   1.30
Chow(70%)  10.60   5.50   0.70
Joint      37.50  20.90   4.90

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero      8.10   4.80   0.70
Chow(70%)  10.70   5.30   1.10
Joint      38.90  21.10   4.60

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.01
replications, M=         1000  time                     6.20

*** JEDC(rho=0.8)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      0.8688
Potency (%)                   73.3000
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.6650
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.1390
ESE final model                1.0053
ESE DGP                        0.9963
Final equals DGP (% reps)      0.9000
Final contains DGP (% reps)    1.1000
Gauge (significant only)       0.8688
F+DGP dominates F at 5%       34.4000
F+DGP dominates DGP at 5%     14.1000
Both dominated at 5%           4.3000


         x1     x2     x3     x4     x5
Hits  100.0   95.8   67.9   69.0   33.8

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    0    2  284  630   76    8    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.10   4.50   1.30
Chow(70%)  10.70   4.90   0.80
Joint      39.50  20.40   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.10   4.90   1.20
ARCH(1)     8.80   4.10   0.70
Normality   8.10   4.50   1.40
Hetero      8.30   4.00   1.20
Chow(70%)  10.80   5.90   0.50
Joint      37.80  21.10   4.70

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero      9.60   4.70   0.50
Chow(70%)  10.70   5.30   1.10
Joint      39.80  21.00   4.50

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.01
replications, M=         1000  time                     6.15

*** JEDC(rho=0.9)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      0.7750
Potency (%)                   72.2200
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.6110
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.1240
ESE final model                1.0061
ESE DGP                        0.9963
Final equals DGP (% reps)      0.2000
Final contains DGP (% reps)    0.2000
Gauge (significant only)       0.7750
F+DGP dominates F at 5%       34.5000
F+DGP dominates DGP at 5%     11.4000
Both dominated at 5%           3.3000


         x1     x2     x3     x4     x5
Hits  100.0   94.5   64.1   68.7   33.8

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    0    1  327  612   56    4    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.00   4.90   1.40
Chow(70%)  10.70   4.90   0.80
Joint      39.00  20.80   4.90

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       9.90   4.80   1.10
ARCH(1)     9.40   3.80   0.60
Normality   8.10   5.10   1.20
Hetero      9.00   4.30   1.30
Chow(70%)  10.70   6.00   0.70
Joint      38.60  21.70   4.80

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero     11.10   5.30   1.00
Chow(70%)  10.70   5.30   1.10
Joint      40.50  21.40   5.00

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.01
replications, M=         1000  time                     6.17

*** JEDC(rho=0.95)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      0.7000
Potency (%)                   71.6600
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.5830
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.1120
ESE final model                1.0067
ESE DGP                        0.9963
Final equals DGP (% reps)      0.3000
Final contains DGP (% reps)    0.3000
Gauge (significant only)       0.7000
F+DGP dominates F at 5%       33.1000
F+DGP dominates DGP at 5%     10.1000
Both dominated at 5%           2.5000


         x1     x2     x3     x4     x5
Hits  100.0   93.9   62.2   68.6   33.6

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  357  596   39    6    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero     10.10   4.80   1.10
Chow(70%)  10.70   4.90   0.80
Joint      40.20  21.00   4.60

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.00   4.80   1.20
ARCH(1)     8.60   3.70   0.60
Normality   8.30   4.80   1.20
Hetero      9.30   4.40   1.10
Chow(70%)  10.80   5.90   0.50
Joint      39.00  21.60   4.50

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero     11.80   6.20   1.20
Chow(70%)  10.70   5.30   1.10
Joint      40.70  22.20   5.20

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    23.67
Autometrics settings
test form                LR-F  target size        Small:0.01
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value          0.05  presearch p-value    0.114127
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.01  squeeze p-value         0.002
chopping p-value         0.05  bunching p-value         0.05
Autometrics version      1.5g  block effort                1

*** JEDC(rho=-0.95)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      1.8062
Potency (%)                   56.5400
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              2.8270
Insignificant (avg no)         0.1040
Insign. irrelevant (avg no)    0.0500
Signif. irrelevant (avg no)    0.2390
ESE final model                1.0091
ESE DGP                        0.9963
Final equals DGP (% reps)      7.6000
Final contains DGP (% reps)    8.8000
Gauge (significant only)       1.4937
F+DGP dominates F at 5%       37.6000
F+DGP dominates DGP at 5%     15.2000
Both dominated at 5%           5.6000


         x1     x2     x3     x4     x5
Hits  100.0   89.7   55.7   18.2   19.1

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   77  189  486   84  131   21   11    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero     10.00   6.10   1.70
Chow(70%)  10.70   4.90   0.80
Joint      40.20  22.40   5.30

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       9.60   3.60   0.00
ARCH(1)     8.40   3.30   0.10
Normality   9.10   4.30   0.10
Hetero     10.20   5.30   0.10
Chow(70%)  10.70   5.50   0.10
Joint      38.90  20.20   0.40

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.10   2.90   0.20
ARCH(1)     8.40   3.40   0.40
Normality   8.90   4.50   0.40
Hetero     10.80   5.40   0.50
Chow(70%)  11.10   5.30   0.40
Joint      37.90  19.60   1.70

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    22.32
Autometrics settings
test form                LR-F  target size        Small:0.01
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value          0.05  presearch p-value    0.114127
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.01  squeeze p-value         0.002
chopping p-value         0.05  bunching p-value         0.05
Autometrics version      1.5g  block effort                1

*** JEDC(rho=-0.9)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      1.7563
Potency (%)                   57.3000
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              2.8650
Insignificant (avg no)         0.1040
Insign. irrelevant (avg no)    0.0460
Signif. irrelevant (avg no)    0.2350
ESE final model                1.0090
ESE DGP                        0.9963
Final equals DGP (% reps)      8.6000
Final contains DGP (% reps)    9.7000
Gauge (significant only)       1.4688
F+DGP dominates F at 5%       37.8000
F+DGP dominates DGP at 5%     15.0000
Both dominated at 5%           5.1000


         x1     x2     x3     x4     x5
Hits  100.0   91.4   57.0   19.0   19.1

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   63  199  471  106  131   21    7    0    2    0    0    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.50   6.00   1.50
Chow(70%)  10.70   4.90   0.80
Joint      39.50  22.20   5.10

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       9.00   3.40   0.00
ARCH(1)     8.10   3.30   0.10
Normality   8.70   4.10   0.10
Hetero     10.50   5.30   0.10
Chow(70%)  10.90   5.60   0.10
Joint      38.70  19.90   0.40

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       6.80   2.90   0.20
ARCH(1)     8.40   3.30   0.40
Normality   9.10   4.50   0.40
Hetero     10.80   5.80   0.70
Chow(70%)  10.90   5.20   0.40
Joint      37.60  19.80   1.90

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    22.13
Autometrics settings
test form                LR-F  target size        Small:0.01
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value          0.05  presearch p-value    0.114127
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.01  squeeze p-value         0.002
chopping p-value         0.05  bunching p-value         0.05
Autometrics version      1.5g  block effort                1

*** JEDC(rho=-0.8)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      1.7563
Potency (%)                   58.9800
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              2.9490
Insignificant (avg no)         0.1000
Insign. irrelevant (avg no)    0.0540
Signif. irrelevant (avg no)    0.2270
ESE final model                1.0091
ESE DGP                        0.9963
Final equals DGP (% reps)      9.5000
Final contains DGP (% reps)   10.9000
Gauge (significant only)       1.4188
F+DGP dominates F at 5%       40.0000
F+DGP dominates DGP at 5%     15.5000
Both dominated at 5%           6.2000


         x1     x2     x3     x4     x5
Hits  100.0   93.5   60.6   22.2   18.6

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   45  210  433  136  146   20    9    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.70   5.80   1.60
Chow(70%)  10.70   4.90   0.80
Joint      39.50  21.70   5.20

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.90   3.70   0.00
ARCH(1)     7.30   3.20   0.10
Normality   8.60   4.30   0.10
Hetero      9.80   5.00   0.00
Chow(70%)  11.30   6.00   0.10
Joint      38.00  20.40   0.30

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       6.50   2.70   0.20
ARCH(1)     8.20   3.40   0.40
Normality   9.00   4.50   0.40
Hetero     10.60   5.80   0.50
Chow(70%)  11.00   5.30   0.40
Joint      37.00  19.80   1.70

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    20.51
Autometrics settings
test form                LR-F  target size        Small:0.01
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value          0.05  presearch p-value    0.114127
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.01  squeeze p-value         0.002
chopping p-value         0.05  bunching p-value         0.05
Autometrics version      1.5g  block effort                1

*** JEDC(rho=-0.4)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      1.4500
Potency (%)                   67.2600
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.3630
Insignificant (avg no)         0.1120
Insign. irrelevant (avg no)    0.0580
Signif. irrelevant (avg no)    0.1740
ESE final model                1.0083
ESE DGP                        0.9963
Final equals DGP (% reps)     12.8000
Final contains DGP (% reps)   15.5000
Gauge (significant only)       1.0875
F+DGP dominates F at 5%       42.9000
F+DGP dominates DGP at 5%     16.9000
Both dominated at 5%           5.9000


         x1     x2     x3     x4     x5
Hits  100.0   99.0   76.5   39.5   21.3

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    5  157  352  261  184   33    7    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      8.30   5.30   1.40
Chow(70%)  10.70   4.90   0.80
Joint      38.80  21.50   5.00

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.50   3.80   0.00
ARCH(1)     8.10   4.50   0.10
Normality   7.80   3.80   0.20
Hetero      8.50   5.10   0.00
Chow(70%)  10.80   5.80   0.10
Joint      37.20  21.30   0.40

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       6.80   2.50   0.10
ARCH(1)     8.20   3.30   0.30
Normality   9.10   4.70   0.40
Hetero      9.20   4.80   0.20
Chow(70%)  11.00   5.40   0.50
Joint      36.50  19.00   1.40

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    20.76
Autometrics settings
test form                LR-F  target size        Small:0.01
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value          0.05  presearch p-value    0.114127
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.01  squeeze p-value         0.002
chopping p-value         0.05  bunching p-value         0.05
Autometrics version      1.5g  block effort                1

*** JEDC(rho=0)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      1.2938
Potency (%)                   74.8600
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.7430
Insignificant (avg no)         0.0990
Insign. irrelevant (avg no)    0.0580
Signif. irrelevant (avg no)    0.1490
ESE final model                1.0052
ESE DGP                        0.9963
Final equals DGP (% reps)     11.1000
Final contains DGP (% reps)   13.6000
Gauge (significant only)       0.9312
F+DGP dominates F at 5%       41.5000
F+DGP dominates DGP at 5%     16.2000
Both dominated at 5%           6.9000


         x1     x2     x3     x4     x5
Hits  100.0   99.6   89.6   59.6   25.5

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    0   25  284  466  177   38    9    1    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      8.80   4.70   1.50
Chow(70%)  10.70   4.90   0.80
Joint      39.40  21.00   5.10

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.90   3.50   0.00
ARCH(1)     8.20   4.50   0.00
Normality   8.70   3.70   0.30
Hetero      9.30   5.30   0.00
Chow(70%)  10.40   5.70   0.10
Joint      38.40  20.80   0.40

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       6.70   2.70   0.10
ARCH(1)     7.70   3.00   0.30
Normality   8.90   4.50   0.40
Hetero     10.10   4.80   0.30
Chow(70%)  10.80   5.30   0.40
Joint      37.30  18.90   1.40

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    23.07
Autometrics settings
test form                LR-F  target size        Small:0.01
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value          0.05  presearch p-value    0.114127
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.01  squeeze p-value         0.002
chopping p-value         0.05  bunching p-value         0.05
Autometrics version      1.5g  block effort                1

*** JEDC(rho=0.4)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      1.3938
Potency (%)                   77.5600
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.8780
Insignificant (avg no)         0.0870
Insign. irrelevant (avg no)    0.0620
Signif. irrelevant (avg no)    0.1610
ESE final model                1.0016
ESE DGP                        0.9963
Final equals DGP (% reps)      6.4000
Final contains DGP (% reps)    8.0000
Gauge (significant only)       1.0063
F+DGP dominates F at 5%       31.2000
F+DGP dominates DGP at 5%     15.8000
Both dominated at 5%           4.5000


         x1     x2     x3     x4     x5
Hits  100.0   99.3   86.2   66.2   36.1

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    2  167  637  138   38   15    2    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      8.80   4.60   1.60
Chow(70%)  10.70   4.90   0.80
Joint      38.90  20.50   5.10

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.30   4.20   0.00
ARCH(1)     8.90   3.80   0.10
Normality   8.70   4.00   0.30
Hetero      8.70   4.40   0.00
Chow(70%)  10.20   5.60   0.20
Joint      37.30  20.40   0.60

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.20   2.80   0.10
ARCH(1)     7.90   3.10   0.30
Normality   9.00   4.50   0.40
Hetero     10.00   5.80   0.00
Chow(70%)  10.40   5.40   0.40
Joint      37.20  19.50   1.10

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    23.46
Autometrics settings
test form                LR-F  target size        Small:0.01
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value          0.05  presearch p-value    0.114127
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.01  squeeze p-value         0.002
chopping p-value         0.05  bunching p-value         0.05
Autometrics version      1.5g  block effort                1

*** JEDC(rho=0.8)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      1.7375
Potency (%)                   74.2600
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.7130
Insignificant (avg no)         0.0450
Insign. irrelevant (avg no)    0.0320
Signif. irrelevant (avg no)    0.2460
ESE final model                1.0010
ESE DGP                        0.9963
Final equals DGP (% reps)      1.4000
Final contains DGP (% reps)    1.8000
Gauge (significant only)       1.5375
F+DGP dominates F at 5%       29.0000
F+DGP dominates DGP at 5%     16.3000
Both dominated at 5%           5.3000


         x1     x2     x3     x4     x5
Hits  100.0   95.8   73.9   58.2   43.4

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    0    2  235  616   90   38   13    5    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.10   4.50   1.30
Chow(70%)  10.70   4.90   0.80
Joint      39.50  20.40   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       9.80   4.40   0.00
ARCH(1)     8.90   3.80   0.10
Normality   6.40   3.30   0.20
Hetero      8.80   4.00   0.00
Chow(70%)  10.60   5.80   0.10
Joint      37.40  19.60   0.40

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.00   3.10   0.10
ARCH(1)     8.10   3.20   0.30
Normality   8.80   4.70   0.40
Hetero      9.40   5.70   0.20
Chow(70%)  10.80   5.40   0.40
Joint      37.40  19.70   1.30

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    23.74
Autometrics settings
test form                LR-F  target size        Small:0.01
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value          0.05  presearch p-value    0.114127
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.01  squeeze p-value         0.002
chopping p-value         0.05  bunching p-value         0.05
Autometrics version      1.5g  block effort                1

*** JEDC(rho=0.9)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      1.8563
Potency (%)                   73.0800
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.6540
Insignificant (avg no)         0.0440
Insign. irrelevant (avg no)    0.0320
Signif. irrelevant (avg no)    0.2650
ESE final model                1.0006
ESE DGP                        0.9963
Final equals DGP (% reps)      0.8000
Final contains DGP (% reps)    0.9000
Gauge (significant only)       1.6563
F+DGP dominates F at 5%       28.0000
F+DGP dominates DGP at 5%     16.2000
Both dominated at 5%           4.1000


         x1     x2     x3     x4     x5
Hits  100.0   94.1   71.0   57.0   43.3

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    0    2  270  587   81   41   14    5    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.00   4.90   1.40
Chow(70%)  10.70   4.90   0.80
Joint      39.00  20.80   4.90

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       9.90   4.30   0.00
ARCH(1)     8.60   3.50   0.10
Normality   6.80   3.80   0.20
Hetero      9.00   4.40   0.00
Chow(70%)  10.10   5.70   0.10
Joint      37.00  19.50   0.40

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.20   3.30   0.10
ARCH(1)     8.10   3.20   0.30
Normality   9.00   4.50   0.40
Hetero     10.90   5.30   0.20
Chow(70%)  10.50   5.30   0.40
Joint      38.10  19.60   1.30

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    23.91
Autometrics settings
test form                LR-F  target size        Small:0.01
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value          0.05  presearch p-value    0.114127
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.01  squeeze p-value         0.002
chopping p-value         0.05  bunching p-value         0.05
Autometrics version      1.5g  block effort                1

*** JEDC(rho=0.95)
 M=1000 T=100 pvalue=0.01 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      1.9750
Potency (%)                   72.4000
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.6200
Insignificant (avg no)         0.0430
Insign. irrelevant (avg no)    0.0270
Signif. irrelevant (avg no)    0.2890
ESE final model                1.0005
ESE DGP                        0.9963
Final equals DGP (% reps)      0.6000
Final contains DGP (% reps)    0.6000
Gauge (significant only)       1.8062
F+DGP dominates F at 5%       27.1000
F+DGP dominates DGP at 5%     17.0000
Both dominated at 5%           3.8000


         x1     x2     x3     x4     x5
Hits  100.0   93.6   69.1   56.2   43.1

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    2  291  566   75   48   12    6    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero     10.10   4.80   1.10
Chow(70%)  10.70   4.90   0.80
Joint      40.20  21.00   4.60

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       9.70   4.40   0.00
ARCH(1)     8.20   3.30   0.10
Normality   6.40   3.40   0.10
Hetero      9.70   4.90   0.00
Chow(70%)  10.20   5.50   0.10
Joint      37.10  19.70   0.30

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.50   3.00   0.10
ARCH(1)     8.00   3.10   0.30
Normality   9.00   4.50   0.40
Hetero     10.70   5.60   0.50
Chow(70%)  10.40   5.30   0.40
Joint      38.30  19.90   1.60

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.05
replications, M=         1000  time                     5.31

*** JEDC(rho=-0.95)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      2.6687
Potency (%)                   55.2800
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              2.7640
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.4270
ESE final model                1.0078
ESE DGP                        0.9963
Final equals DGP (% reps)      4.9000
Final contains DGP (% reps)    6.5000
Gauge (significant only)       2.6687
F+DGP dominates F at 5%       32.7000
F+DGP dominates DGP at 5%     19.1000
Both dominated at 5%           5.5000


         x1     x2     x3     x4     x5
Hits  100.0   87.6   56.9   15.3   16.6

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   91  131  462  169  114   25    8    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero     10.00   6.10   1.70
Chow(70%)  10.70   4.90   0.80
Joint      40.20  22.40   5.30

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       9.60   3.50   0.60
ARCH(1)     7.60   3.40   0.60
Normality   9.40   4.20   1.20
Hetero      9.90   5.30   1.60
Chow(70%)  11.10   5.20   0.90
Joint      38.30  20.10   4.70

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero     10.10   5.30   1.10
Chow(70%)  10.70   5.30   1.10
Joint      40.20  21.30   5.10

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.05
replications, M=         1000  time                     5.42

*** JEDC(rho=-0.9)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      3.1375
Potency (%)                   57.0800
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              2.8540
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.5020
ESE final model                1.0046
ESE DGP                        0.9963
Final equals DGP (% reps)      5.4000
Final contains DGP (% reps)    7.5000
Gauge (significant only)       3.1375
F+DGP dominates F at 5%       31.1000
F+DGP dominates DGP at 5%     22.9000
Both dominated at 5%           6.4000


         x1     x2     x3     x4     x5
Hits  100.0   90.5   59.9   17.4   17.6

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   67  123  435  195  133   37    9    1    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.50   6.00   1.50
Chow(70%)  10.70   4.90   0.80
Joint      39.50  22.20   5.10

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.90   3.00   0.50
ARCH(1)     7.60   3.50   0.60
Normality   9.40   4.00   1.00
Hetero     11.40   5.90   1.80
Chow(70%)  10.50   4.50   0.80
Joint      38.90  19.50   4.60

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero     10.30   5.90   1.60
Chow(70%)  10.70   5.30   1.10
Joint      40.40  21.80   5.40

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.05
replications, M=         1000  time                     5.60

*** JEDC(rho=-0.8)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      3.8312
Potency (%)                   60.3600
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.0180
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.6130
ESE final model                1.0000
ESE DGP                        0.9963
Final equals DGP (% reps)      6.1000
Final contains DGP (% reps)   10.1000
Gauge (significant only)       3.8312
F+DGP dominates F at 5%       28.4000
F+DGP dominates DGP at 5%     28.1000
Both dominated at 5%           7.3000


         x1     x2     x3     x4     x5
Hits  100.0   94.6   64.8   22.7   19.7

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   32  117  371  240  167   57   13    3    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.70   5.80   1.60
Chow(70%)  10.70   4.90   0.80
Joint      39.50  21.70   5.20

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.60   3.50   0.30
ARCH(1)     6.50   3.40   0.60
Normality   9.00   4.00   1.00
Hetero     11.00   5.40   1.90
Chow(70%)  10.40   4.60   1.00
Joint      38.40  19.70   4.80

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero     10.40   5.90   1.70
Chow(70%)  10.70   5.30   1.10
Joint      40.60  21.90   5.40

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.05
replications, M=         1000  time                     6.00

*** JEDC(rho=-0.4)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      5.1187
Potency (%)                   73.9600
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.6980
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.8190
ESE final model                0.9873
ESE DGP                        0.9963
Final equals DGP (% reps)     12.7000
Final contains DGP (% reps)   26.4000
Gauge (significant only)       5.1187
F+DGP dominates F at 5%       16.2000
F+DGP dominates DGP at 5%     38.4000
Both dominated at 5%           6.0000


         x1     x2     x3     x4     x5
Hits  100.0   98.7   84.4   53.0   33.7

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    2   44  186  258  301  148   45   15    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      8.30   5.30   1.40
Chow(70%)  10.70   4.90   0.80
Joint      38.80  21.50   5.00

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.70   3.30   0.10
ARCH(1)     9.00   4.70   0.80
Normality   9.10   4.20   1.20
Hetero      8.90   5.50   1.40
Chow(70%)  11.10   5.50   1.00
Joint      37.50  21.20   4.50

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero      9.80   4.60   1.10
Chow(70%)  10.70   5.30   1.10
Joint      39.20  20.60   4.90

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.05
replications, M=         1000  time                     6.16

*** JEDC(rho=0)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      5.4063
Potency (%)                   84.2400
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              4.2120
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.8650
ESE final model                0.9797
ESE DGP                        0.9963
Final equals DGP (% reps)     15.5000
Final contains DGP (% reps)   36.0000
Gauge (significant only)       5.4063
F+DGP dominates F at 5%        3.0000
F+DGP dominates DGP at 5%     41.5000
Both dominated at 5%           1.3000


         x1     x2     x3     x4     x5
Hits  100.0  100.0   95.3   77.1   48.8

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    0    3   58  259  359  209   89   18    5    0    0    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      8.80   4.70   1.50
Chow(70%)  10.70   4.90   0.80
Joint      39.40  21.00   5.10

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.40   3.40   0.60
ARCH(1)     8.90   4.70   0.90
Normality   8.80   4.60   1.20
Hetero      9.30   5.30   1.30
Chow(70%)  10.90   5.30   0.80
Joint      38.50  21.00   4.70

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero      9.20   4.80   1.10
Chow(70%)  10.70   5.30   1.10
Joint      38.80  21.30   4.90

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.05
replications, M=         1000  time                     6.08

*** JEDC(rho=0.4)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      5.0438
Potency (%)                   84.0600
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              4.2030
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.8070
ESE final model                0.9807
ESE DGP                        0.9963
Final equals DGP (% reps)     11.9000
Final contains DGP (% reps)   26.5000
Gauge (significant only)       5.0438
F+DGP dominates F at 5%        0.5000
F+DGP dominates DGP at 5%     37.6000
Both dominated at 5%           0.0000


         x1     x2     x3     x4     x5
Hits  100.0   99.6   93.9   75.9   50.9

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    0    0   29  319  365  210   57   17    3    0    0    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      8.80   4.60   1.60
Chow(70%)  10.70   4.90   0.80
Joint      38.90  20.50   5.10

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.40   3.90   0.50
ARCH(1)     8.50   3.90   0.90
Normality   8.80   4.40   1.40
Hetero      8.50   5.10   1.70
Chow(70%)  11.50   5.60   1.00
Joint      38.10  20.40   5.20

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero      8.10   4.80   0.70
Chow(70%)  10.70   5.30   1.10
Joint      38.90  21.10   4.60

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.05
replications, M=         1000  time                     5.84

*** JEDC(rho=0.8)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      3.6000
Potency (%)                   80.5200
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              4.0260
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.5760
ESE final model                0.9866
ESE DGP                        0.9963
Final equals DGP (% reps)      8.2000
Final contains DGP (% reps)   12.7000
Gauge (significant only)       3.6000
F+DGP dominates F at 5%        0.8000
F+DGP dominates DGP at 5%     26.5000
Both dominated at 5%           0.1000


         x1     x2     x3     x4     x5
Hits  100.0   98.9   85.9   68.6   49.2

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    0    0   49  476  334  112   24    4    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.10   4.50   1.30
Chow(70%)  10.70   4.90   0.80
Joint      39.50  20.40   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.20   4.20   1.00
ARCH(1)     8.10   3.90   0.60
Normality   9.20   4.10   1.30
Hetero      9.90   5.40   1.90
Chow(70%)  11.10   5.30   0.60
Joint      40.50  20.80   5.00

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero      9.60   4.70   0.50
Chow(70%)  10.70   5.30   1.10
Joint      39.80  21.00   4.50

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.05
replications, M=         1000  time                     5.79

*** JEDC(rho=0.9)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      3.0750
Potency (%)                   79.0200
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.9510
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.4920
ESE final model                0.9891
ESE DGP                        0.9963
Final equals DGP (% reps)      6.4000
Final contains DGP (% reps)    8.7000
Gauge (significant only)       3.0750
F+DGP dominates F at 5%        1.5000
F+DGP dominates DGP at 5%     21.7000
Both dominated at 5%           0.3000


         x1     x2     x3     x4     x5
Hits  100.0   98.5   81.9   67.4   47.3

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    0    0   72  538  289   79   20    2    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.00   4.90   1.40
Chow(70%)  10.70   4.90   0.80
Joint      39.00  20.80   4.90

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       9.90   4.40   0.90
ARCH(1)     9.10   4.30   0.60
Normality   8.70   4.40   1.10
Hetero     10.20   5.50   1.80
Chow(70%)  10.70   5.90   0.80
Joint      40.30  22.20   4.90

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero     11.10   5.30   1.00
Chow(70%)  10.70   5.30   1.10
Joint      40.50  21.40   5.00

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:     Stepwise  termination:      pvalue=0.05
replications, M=         1000  time                     5.69

*** JEDC(rho=0.95)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      2.6625
Potency (%)                   78.7200
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.9360
Insignificant (avg no)         0.0000
Insign. irrelevant (avg no)    0.0000
Signif. irrelevant (avg no)    0.4260
ESE final model                0.9905
ESE DGP                        0.9963
Final equals DGP (% reps)      5.9000
Final contains DGP (% reps)    7.6000
Gauge (significant only)       2.6625
F+DGP dominates F at 5%        1.3000
F+DGP dominates DGP at 5%     18.8000
Both dominated at 5%           0.1000


         x1     x2     x3     x4     x5
Hits  100.0   98.5   80.9   67.2   47.0

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   85  573  256   70   13    3    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(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero     10.10   4.80   1.10
Chow(70%)  10.70   4.90   0.80
Joint      40.20  21.00   4.60

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       9.70   4.40   1.00
ARCH(1)     9.00   4.30   0.80
Normality   8.60   4.00   1.40
Hetero     10.20   5.20   1.50
Chow(70%)  11.00   5.90   0.80
Joint      40.70  21.60   5.20

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.30   5.40   1.30
ARCH(1)     8.30   3.40   1.00
Normality   8.70   4.30   0.80
Hetero     11.80   6.20   1.20
Chow(70%)  10.70   5.30   1.10
Joint      40.70  22.20   5.20

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    29.19
Autometrics settings
test form                LR-F  target size     Standard:0.05
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value      0.111803  presearch p-value    0.333654
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.05  squeeze p-value          0.01
chopping p-value     0.111803  bunching p-value     0.111803
Autometrics version      1.5g  block effort                1

*** JEDC(rho=-0.95)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      6.5125
Potency (%)                   69.5600
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.4780
Insignificant (avg no)         0.0370
Insign. irrelevant (avg no)    0.0320
Signif. irrelevant (avg no)    1.0100
ESE final model                0.9835
ESE DGP                        0.9963
Final equals DGP (% reps)     13.9000
Final contains DGP (% reps)   23.8000
Gauge (significant only)       6.3125
F+DGP dominates F at 5%        5.7000
F+DGP dominates DGP at 5%     33.9000
Both dominated at 5%           1.5000


         x1     x2     x3     x4     x5
Hits  100.0   97.5   75.0   42.3   33.0

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   10   56  275  150  294   83   80   33   11    6    2    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero     10.00   6.10   1.70
Chow(70%)  10.70   4.90   0.80
Joint      40.20  22.40   5.30

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.10   2.70   0.00
ARCH(1)     8.70   4.20   0.20
Normality   9.10   4.00   0.10
Hetero     10.10   5.60   0.00
Chow(70%)  11.40   5.40   0.20
Joint      38.50  20.10   0.50

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.60   3.00   0.30
ARCH(1)     8.90   3.60   0.60
Normality   8.70   4.00   0.40
Hetero     10.80   5.20   0.70
Chow(70%)  11.10   5.60   0.60
Joint      38.40  19.40   2.40

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    29.18
Autometrics settings
test form                LR-F  target size     Standard:0.05
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value      0.111803  presearch p-value    0.333654
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.05  squeeze p-value          0.01
chopping p-value     0.111803  bunching p-value     0.111803
Autometrics version      1.5g  block effort                1

*** JEDC(rho=-0.9)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      6.3437
Potency (%)                   70.7800
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.5390
Insignificant (avg no)         0.0350
Insign. irrelevant (avg no)    0.0300
Signif. irrelevant (avg no)    0.9850
ESE final model                0.9834
ESE DGP                        0.9963
Final equals DGP (% reps)     15.6000
Final contains DGP (% reps)   25.5000
Gauge (significant only)       6.1563
F+DGP dominates F at 5%        5.9000
F+DGP dominates DGP at 5%     34.4000
Both dominated at 5%           1.9000


         x1     x2     x3     x4     x5
Hits  100.0   97.8   76.5   45.0   34.6

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    8   56  262  157  299   89   73   37   10    7    1    0    1    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.50   6.00   1.50
Chow(70%)  10.70   4.90   0.80
Joint      39.50  22.20   5.10

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.30   2.50   0.00
ARCH(1)     8.80   3.80   0.20
Normality   9.30   4.20   0.10
Hetero      9.90   5.70   0.00
Chow(70%)  10.90   5.20   0.20
Joint      38.70  19.30   0.50

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.20   3.00   0.30
ARCH(1)     9.10   3.20   0.60
Normality   8.40   4.10   0.40
Hetero     10.70   5.80   1.00
Chow(70%)  10.80   5.50   0.60
Joint      37.80  19.60   2.70

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    29.68
Autometrics settings
test form                LR-F  target size     Standard:0.05
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value      0.111803  presearch p-value    0.333654
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.05  squeeze p-value          0.01
chopping p-value     0.111803  bunching p-value     0.111803
Autometrics version      1.5g  block effort                1

*** JEDC(rho=-0.8)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      6.0313
Potency (%)                   73.2600
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.6630
Insignificant (avg no)         0.0460
Insign. irrelevant (avg no)    0.0400
Signif. irrelevant (avg no)    0.9250
ESE final model                0.9831
ESE DGP                        0.9963
Final equals DGP (% reps)     17.0000
Final contains DGP (% reps)   30.0000
Gauge (significant only)       5.7813
F+DGP dominates F at 5%        4.2000
F+DGP dominates DGP at 5%     35.2000
Both dominated at 5%           0.9000


         x1     x2     x3     x4     x5
Hits  100.0   98.6   79.9   49.8   38.0

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    5   59  232  171  295  104   78   35   12    7    2    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.70   5.80   1.60
Chow(70%)  10.70   4.90   0.80
Joint      39.50  21.70   5.20

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.20   2.80   0.00
ARCH(1)     8.00   3.90   0.20
Normality   9.00   4.50   0.20
Hetero      8.70   5.30   0.00
Chow(70%)  10.70   5.10   0.20
Joint      37.60  20.10   0.60

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.20   3.30   0.30
ARCH(1)     8.90   3.40   0.60
Normality   8.40   4.20   0.40
Hetero     11.20   5.40   0.90
Chow(70%)  10.70   5.20   0.60
Joint      37.80  19.50   2.50

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    28.25
Autometrics settings
test form                LR-F  target size     Standard:0.05
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value      0.111803  presearch p-value    0.333654
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.05  squeeze p-value          0.01
chopping p-value     0.111803  bunching p-value     0.111803
Autometrics version      1.5g  block effort                1

*** JEDC(rho=-0.4)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      5.4375
Potency (%)                   80.4800
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              4.0240
Insignificant (avg no)         0.0380
Insign. irrelevant (avg no)    0.0270
Signif. irrelevant (avg no)    0.8430
ESE final model                0.9820
ESE DGP                        0.9963
Final equals DGP (% reps)     19.6000
Final contains DGP (% reps)   37.5000
Gauge (significant only)       5.2687
F+DGP dominates F at 5%        4.6000
F+DGP dominates DGP at 5%     37.1000
Both dominated at 5%           1.5000


         x1     x2     x3     x4     x5
Hits  100.0   99.8   91.4   66.7   44.5

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    0   21  148  229  322  151   80   32   11    5    1    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      8.30   5.30   1.40
Chow(70%)  10.70   4.90   0.80
Joint      38.80  21.50   5.00

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.40   2.90   0.00
ARCH(1)     8.70   4.90   0.20
Normality   9.00   4.90   0.30
Hetero      8.70   4.60   0.00
Chow(70%)  11.00   5.40   0.20
Joint      38.00  21.00   0.70

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.00   2.90   0.30
ARCH(1)     8.60   3.30   0.50
Normality   8.60   4.40   0.40
Hetero      8.70   4.00   0.30
Chow(70%)  10.60   5.20   0.60
Joint      35.90  18.20   1.90

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    27.40
Autometrics settings
test form                LR-F  target size     Standard:0.05
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value      0.111803  presearch p-value    0.333654
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.05  squeeze p-value          0.01
chopping p-value     0.111803  bunching p-value     0.111803
Autometrics version      1.5g  block effort                1

*** JEDC(rho=0)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      5.1812
Potency (%)                   85.5200
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              4.2760
Insignificant (avg no)         0.0450
Insign. irrelevant (avg no)    0.0370
Signif. irrelevant (avg no)    0.7920
ESE final model                0.9807
ESE DGP                        0.9963
Final equals DGP (% reps)     19.6000
Final contains DGP (% reps)   39.2000
Gauge (significant only)       4.9500
F+DGP dominates F at 5%        1.8000
F+DGP dominates DGP at 5%     37.4000
Both dominated at 5%           0.7000


         x1     x2     x3     x4     x5
Hits  100.0  100.0   96.0   79.9   51.7

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    0    2   65  279  349  162   93   33   13    3    1    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      8.80   4.70   1.50
Chow(70%)  10.70   4.90   0.80
Joint      39.40  21.00   5.10

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.70   2.60   0.00
ARCH(1)     8.30   4.10   0.20
Normality   8.90   4.80   0.30
Hetero      9.20   4.70   0.00
Chow(70%)  10.50   4.70   0.20
Joint      37.20  18.80   0.70

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.00   3.00   0.30
ARCH(1)     8.60   3.20   0.50
Normality   8.50   4.20   0.40
Hetero      9.30   4.30   0.30
Chow(70%)  10.40   5.10   0.60
Joint      36.70  18.50   1.90

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    29.76
Autometrics settings
test form                LR-F  target size     Standard:0.05
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value      0.111803  presearch p-value    0.333654
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.05  squeeze p-value          0.01
chopping p-value     0.111803  bunching p-value     0.111803
Autometrics version      1.5g  block effort                1

*** JEDC(rho=0.4)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      5.3750
Potency (%)                   84.7400
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              4.2370
Insignificant (avg no)         0.0450
Insign. irrelevant (avg no)    0.0360
Signif. irrelevant (avg no)    0.8240
ESE final model                0.9809
ESE DGP                        0.9963
Final equals DGP (% reps)     15.3000
Final contains DGP (% reps)   28.8000
Gauge (significant only)       5.1500
F+DGP dominates F at 5%        0.9000
F+DGP dominates DGP at 5%     36.3000
Both dominated at 5%           0.3000


         x1     x2     x3     x4     x5
Hits  100.0   99.7   94.0   75.9   54.1

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   32  337  332  169   82   33   10    4    1    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      8.80   4.60   1.60
Chow(70%)  10.70   4.90   0.80
Joint      38.90  20.50   5.10

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.60   3.00   0.10
ARCH(1)     8.10   3.60   0.20
Normality   9.50   4.90   0.30
Hetero      8.20   4.50   0.10
Chow(70%)  11.00   4.80   0.30
Joint      37.30  18.70   1.00

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.20   2.80   0.30
ARCH(1)     8.70   3.10   0.50
Normality   8.70   4.10   0.40
Hetero      9.20   5.20   0.20
Chow(70%)  10.60   5.50   0.60
Joint      36.90  19.00   1.80

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    30.29
Autometrics settings
test form                LR-F  target size     Standard:0.05
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value      0.111803  presearch p-value    0.333654
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.05  squeeze p-value          0.01
chopping p-value     0.111803  bunching p-value     0.111803
Autometrics version      1.5g  block effort                1

*** JEDC(rho=0.8)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      5.7688
Potency (%)                   80.6200
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              4.0310
Insignificant (avg no)         0.0400
Insign. irrelevant (avg no)    0.0330
Signif. irrelevant (avg no)    0.8900
ESE final model                0.9817
ESE DGP                        0.9963
Final equals DGP (% reps)      7.9000
Final contains DGP (% reps)   13.8000
Gauge (significant only)       5.5625
F+DGP dominates F at 5%        2.3000
F+DGP dominates DGP at 5%     33.5000
Both dominated at 5%           0.6000


         x1     x2     x3     x4     x5
Hits  100.0   98.8   86.6   66.1   51.6

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   45  445  235  150   73   22   25    3    2    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.10   4.50   1.30
Chow(70%)  10.70   4.90   0.80
Joint      39.50  20.40   4.80

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.50   3.40   0.00
ARCH(1)     7.80   3.70   0.20
Normality   8.30   3.10   0.30
Hetero      8.90   4.80   0.10
Chow(70%)  10.50   5.00   0.30
Joint      37.20  18.80   0.90

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.40   3.10   0.30
ARCH(1)     8.40   3.10   0.50
Normality   8.40   4.30   0.40
Hetero      9.70   5.70   0.30
Chow(70%)  10.70   5.50   0.60
Joint      36.90  19.50   1.90

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    29.13
Autometrics settings
test form                LR-F  target size     Standard:0.05
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value      0.111803  presearch p-value    0.333654
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.05  squeeze p-value          0.01
chopping p-value     0.111803  bunching p-value     0.111803
Autometrics version      1.5g  block effort                1

*** JEDC(rho=0.9)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      5.5438
Potency (%)                   79.2200
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.9610
Insignificant (avg no)         0.0290
Insign. irrelevant (avg no)    0.0210
Signif. irrelevant (avg no)    0.8660
ESE final model                0.9826
ESE DGP                        0.9963
Final equals DGP (% reps)      5.9000
Final contains DGP (% reps)    9.9000
Gauge (significant only)       5.4125
F+DGP dominates F at 5%        3.6000
F+DGP dominates DGP at 5%     31.7000
Both dominated at 5%           0.7000


         x1     x2     x3     x4     x5
Hits  100.0   98.4   83.2   64.0   50.5

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    0    0   60  484  199  138   67   31   18    3    0    0    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero      9.00   4.90   1.40
Chow(70%)  10.70   4.90   0.80
Joint      39.00  20.80   4.90

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.60   3.20   0.00
ARCH(1)     7.70   3.70   0.20
Normality   8.10   3.70   0.30
Hetero      9.80   4.90   0.10
Chow(70%)  10.30   5.10   0.30
Joint      37.10  19.00   0.90

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.80   3.60   0.30
ARCH(1)     8.30   3.10   0.50
Normality   8.70   4.10   0.40
Hetero     10.70   5.60   0.40
Chow(70%)  10.70   5.40   0.60
Joint      37.80  19.60   2.00

GUM for diagnostic testing is GUM0
PcFiml package version 1.02, object created on 22-07-2014

====================
Model selection:  Autometrics
replications, M=         1000  time                    29.10
Autometrics settings
test form                LR-F  target size     Standard:0.05
outlier detection          no  presearch reduction      lags
backtesting              GUM0  tie-breaker                SC
diagnostics p-value      0.01  search effort        standard
lag presearch            lags  variable presearch         no
minimal p-value      0.111803  presearch p-value    0.333654
reduction    prune&chop&bunch  tree search          iterated
pruning p-value          0.05  squeeze p-value          0.01
chopping p-value     0.111803  bunching p-value     0.111803
Autometrics version      1.5g  block effort                1

*** JEDC(rho=0.95)
 M=1000 T=100 pvalue=0.05 #insig=16 #sig=5 cp=22 cp_orig=22

Gauge (%)                      5.6750
Potency (%)                   78.6200
Replications, M=            1000.0000
GUM: relevant variables        5.0000
GUM: irrelevant variables     16.0000
GUM: no of variables          22.0000
Relevant (avg no)              3.9310
Insignificant (avg no)         0.0300
Insign. irrelevant (avg no)    0.0210
Signif. irrelevant (avg no)    0.8870
ESE final model                0.9825
ESE DGP                        0.9963
Final equals DGP (% reps)      5.3000
Final contains DGP (% reps)    8.9000
Gauge (significant only)       5.5438
F+DGP dominates F at 5%        2.6000
F+DGP dominates DGP at 5%     31.5000
Both dominated at 5%           0.8000


         x1     x2     x3     x4     x5
Hits  100.0   98.0   81.5   62.7   50.9

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    0    0   66  476  198  146   66   30   14    2    1    1    0    0    0    0    0    0    0


Diagnostic tests DGP rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)      10.70   5.00   1.00
ARCH(1)     8.80   4.20   0.90
Normality   8.90   4.20   1.00
Hetero     10.10   4.80   1.10
Chow(70%)  10.70   4.90   0.80
Joint      40.20  21.00   4.60

Diagnostic tests Model rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       8.50   3.50   0.00
ARCH(1)     8.10   3.90   0.20
Normality   8.50   3.90   0.30
Hetero     10.70   5.30   0.40
Chow(70%)  10.50   5.10   0.30
Joint      38.80  19.90   1.20

Diagnostic tests GUM rejection(%)
          p=0.10 p=0.05 p=0.01
AR(2)       7.90   3.40   0.30
ARCH(1)     8.40   3.20   0.50
Normality   8.50   3.80   0.40
Hetero     10.80   6.30   0.70
Chow(70%)  10.50   5.40   0.60
Joint      37.90  20.20   2.30

GUM for diagnostic testing is GUM0
