Stepwise regression
| (1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
| K | −0.040*** | −0.040*** | −0.042*** | −0.042*** | −0.042*** |
| (0.001) | (0.001) | (0.002) | (0.002) | (0.002) | |
| C | −0.021*** | −0.021*** | −0.021*** | −0.022*** | −0.022*** |
| (0.001) | (0.001) | (0.001) | (0.001) | (0.001) | |
| S | −0.037*** | −0.037*** | −0.037*** | −0.037*** | −0.035*** |
| (0.001) | (0.001) | (0.001) | (0.001) | (0.002) | |
| K ⋅ C | 0.010*** | 0.010*** | 0.010*** | 0.010*** | 0.010*** |
| (0.0005) | (0.0005) | (0.0005) | (0.0005) | (0.0005) | |
| K ⋅ S | 0.016*** | 0.016*** | 0.016*** | 0.016*** | 0.016*** |
| (0.001) | (0.001) | (0.001) | (0.001) | (0.001) | |
| C ⋅ S | −0.022*** | −0.022*** | −0.022*** | −0.022*** | −0.022*** |
| (0.0005) | (0.0005) | (0.0005) | (0.0005) | (0.0005) | |
| NS | −0.017*** | −0.016*** | −0.018*** | −0.019*** | −0.017*** |
| (0.001) | (0.001) | (0.001) | (0.001) | (0.002) | |
| NS ⋅ ρ | 0.012*** | 0.011*** | 0.011*** | 0.011*** | 0.011*** |
| (0.001) | (0.001) | (0.001) | (0.001) | (0.001) | |
| ρ | 0.004 | 0.004 | 0.004 | 0.004 | |
| (0.003) | (0.003) | (0.003) | (0.003) | ||
| NS ⋅ K | 0.001** | 0.001** | 0.001** | ||
| (0.0005) | (0.0005) | (0.0005) | |||
| NS ⋅ C | 0.0004 | 0.0004 | |||
| (0.0004) | (0.0004) | ||||
| NS ⋅ S | −0.001** | ||||
| (0.0005) | |||||
| Intercept | 0.018*** | 0.016*** | 0.020*** | 0.021*** | 0.018*** |
| (0.003) | (0.004) | (0.004) | (0.004) | (0.005) | |
| Observations | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 |
| Adjusted R2 | 0.897 | 0.897 | 0.897 | 0.897 | 0.897 |
| (1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
| −0.040*** | −0.040*** | −0.042*** | −0.042*** | −0.042*** | |
| (0.001) | (0.001) | (0.002) | (0.002) | (0.002) | |
| −0.021*** | −0.021*** | −0.021*** | −0.022*** | −0.022*** | |
| (0.001) | (0.001) | (0.001) | (0.001) | (0.001) | |
| −0.037*** | −0.037*** | −0.037*** | −0.037*** | −0.035*** | |
| (0.001) | (0.001) | (0.001) | (0.001) | (0.002) | |
| 0.010*** | 0.010*** | 0.010*** | 0.010*** | 0.010*** | |
| (0.0005) | (0.0005) | (0.0005) | (0.0005) | (0.0005) | |
| 0.016*** | 0.016*** | 0.016*** | 0.016*** | 0.016*** | |
| (0.001) | (0.001) | (0.001) | (0.001) | (0.001) | |
| −0.022*** | −0.022*** | −0.022*** | −0.022*** | −0.022*** | |
| (0.0005) | (0.0005) | (0.0005) | (0.0005) | (0.0005) | |
| −0.017*** | −0.016*** | −0.018*** | −0.019*** | −0.017*** | |
| (0.001) | (0.001) | (0.001) | (0.001) | (0.002) | |
| 0.012*** | 0.011*** | 0.011*** | 0.011*** | 0.011*** | |
| (0.001) | (0.001) | (0.001) | (0.001) | (0.001) | |
| 0.004 | 0.004 | 0.004 | 0.004 | ||
| (0.003) | (0.003) | (0.003) | (0.003) | ||
| 0.001** | 0.001** | 0.001** | |||
| (0.0005) | (0.0005) | (0.0005) | |||
| 0.0004 | 0.0004 | ||||
| (0.0004) | (0.0004) | ||||
| −0.001** | |||||
| (0.0005) | |||||
| Intercept | 0.018*** | 0.016*** | 0.020*** | 0.021*** | 0.018*** |
| (0.003) | (0.004) | (0.004) | (0.004) | (0.005) | |
| Observations | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 |
| Adjusted | 0.897 | 0.897 | 0.897 | 0.897 | 0.897 |
Note(s): *p0.1; **p0.05; ***p0.01
Table shows that omitted explanatory variables were not significant or had small coefficient