Table 2

Natural gas price: parameter estimates after variable selection

x̅mθβαϑDYSϑMUI
0.1040.024*0.830*0.102**−0.5510.548*1.372*
[0.155][0.016][0.127][0.213][0.902][0.377][0.398]
ϑFMUIϕ11ϕ12ϕ21ϕ22ϕ31ϕ32
0.506**1.445*3.101*1.054**2.068*0.902**5.260*
[0.882][0.982][5.012][1.282][2.031][1.862][3.126]

Note(s): * and ** indicate significance at the 1% and 5% levels, respectively. Standard deviations are reported in square brackets

Source(s): Authors' own elaboration

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