Table 7. First-stage linear regression... | Emerald Publishing

Table 7.

First-stage linear regression coefficients

Predictor variable	Estimate	Std. error
Intercept	0.005***	0.00082
Deposit relationship (base level = no)
Yes	−0.000***	0.00011
Risk class (base level = 1)
2	0.003***	0.00007
3	0.004***	0.00009
Vehicle age	0.001***	0.00002
Income	−0.000***	0.00000
Amortization	0.000***	0.00000
Difference	0.000***	0.00000
Region	Too many
Manufacturer	Too many
Average customer rate (instrument)	0.813***	0.01326
R²	15.7
F-value	317.2

Predictor variable	Estimate	Std. error
Intercept	0.005***	0.00082
Deposit relationship (base level = no)
Yes	−0.000***	0.00011
Risk class (base level = 1)
2	0.003***	0.00007
3	0.004***	0.00009
Vehicle age	0.001***	0.00002
Income	−0.000***	0.00000
Amortization	0.000***	0.00000
Difference	0.000***	0.00000
Region	Too many
Manufacturer	Too many
Average customer rate (instrument)	0.813***	0.01326
R²	15.7
F-value	317.2

Notes:

***significant at 0.1%, **significant at 1%, *significant at 5%, †significant at 10%

Source: Authors’ own work