Table VI.

Multivariable hierarchical regression results

ScenarioR2F-testSequential significant variables
Stock performance end price as dependent variable0.6680.000Price/earnings, return on equity and quick ratio
Long-term trend as dependent variable0.8930.000Return on equity, sales, quick ratio and price/earnings
High frequency as dependent variable0.2430.002Itinerary change due to mechanical malfunctions and sales
Low frequency as dependent variable0.8830.000Return on equity, price/earnings and itinerary change due to mechanical malfunctions

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