Table 4 ARDL long-run coefficients and... | Emerald Publishing

Table 4

ARDL long-run coefficients and Bayesian regression

Dependent Variable: Nifty variables	Coefficient	Standard error	t-statistics	p-value	Posterior mean	95% Cred. Interval
WACR	−0.264728	0.069402	−3.814402**	0.0002	−0.15	[–0.21, −0.09]
WPI	1.021915	0.415398	2.460085**	0.0151	2.36	[2.09, 2.63]
M3	0.808269	0.196829	4.106449**	0.0001	0.53	[0.43, 0.61]
EXE	−0.467825	0.232248	−2.014338**	0.0458	−1.10	[–1.26, −0.92]
DUMMY1	−0.105015	0.061272	−1.713908	0.0887	−0.27	[0.23, 0.30]
DUMMY2	0.074519	0.070489	1.057174	0.2922	0.27	[–0.32, −0.22]
DUMMY3	−0.148698	0.053356	−2.786909**	0.0060	−0.12	[–0.18, −0.74]
C	−6.423822	1.610180	−3.989506**	0.0001	−5.94	[–6.05, −5.81]

DependentVariable: Nifty variables	Coefficient	Standard error	t-statistics	p-value	Posterior mean	95% Cred. Interval
WACR	−0.264728	0.069402	−3.814402**	0.0002	−0.15	[–0.21, −0.09]
WPI	1.021915	0.415398	2.460085**	0.0151	2.36	[2.09, 2.63]
M3	0.808269	0.196829	4.106449**	0.0001	0.53	[0.43, 0.61]
EXE	−0.467825	0.232248	−2.014338**	0.0458	−1.10	[–1.26, −0.92]
DUMMY1	−0.105015	0.061272	−1.713908	0.0887	−0.27	[0.23, 0.30]
DUMMY2	0.074519	0.070489	1.057174	0.2922	0.27	[–0.32, −0.22]
DUMMY3	−0.148698	0.053356	−2.786909**	0.0060	−0.12	[–0.18, −0.74]
C	−6.423822	1.610180	−3.989506**	0.0001	−5.94	[–6.05, −5.81]

Source(s): Author