Multiple Linear Regression - Ordinary Least Squares
Variable	Parameter	S.E.	T-STAT H0: parameter = 0	2-tail p-value	1-tail p-value
TC[t]	-0.005369	0.000591	-9.086912	0	0
income[t]	1.8E-05	3E-06	5.200785	0	0
age[t]	-0.023137	0.007193	-3.21637	0.001336	0.000668
female[t]	0.050305	0.020108	2.501701	0.012503	0.006252
white[t]	0.06747	0.003125	21.59011	0	0
black[t]	0.001679	0.004204	0.399374	0.689695	0.344847
hispanic[t]	0.033154	0.005277	6.282271	0	0
Constant	-16.221635	1.264722	-12.826242	0	0
Variable	Elasticity	S.E.*	T-STAT H0: |elast| = 1	2-tail p-value	1-tail p-value
%TC[t]	-0.046528	0.00512	-186.212644	0	0
%income[t]	0.045749	0.008797	-108.479583	0	0
%age[t]	-0.1728	0.053725	-15.396881	0	0
%female[t]	0.255551	0.102151	-7.287752	0	0
%white[t]	0.475655	0.022031	-23.800206	0	0
%black[t]	0.001072	0.002685	-371.988366	0	0
%hispanic[t]	0.052243	0.008316	-113.9678	0	0
%Constant	-1.610942	0.125597	4.864291	1E-06	1E-06
Variable	Stand. Coeff.	S.E.*	T-STAT H0: coeff = 0	2-tail p-value	1-tail p-value
S-TC[t]	-0.22181	0.02441	-9.086912	0	0
S-income[t]	0.140325	0.026981	5.200785	0	0
S-age[t]	-0.079604	0.02475	-3.21637	0.001336	0.000668
S-female[t]	0.05784	0.02312	2.501701	0.012503	0.006252
S-white[t]	0.68425	0.031693	21.59011	0	0
S-black[t]	0.010507	0.026309	0.399374	0.689695	0.344847
S-hispanic[t]	0.206152	0.032815	6.282271	0	0
S-Constant	0	0	0	1	0.5
*Note	computed against deterministic endogenous series
Variable	Partial Correlation
TC[t]	-0.263353
income[t]	0.15437
age[t]	-0.096179
female[t]	0.074945
white[t]	0.544169
black[t]	0.011997
hispanic[t]	0.185458
Constant	-0.359558
Critical Values (alpha = 5%)
1-tail CV at 5%	1.65
2-tail CV at 5%	1.96

Multiple Linear Regression - Regression Statistics
Multiple R	0.668135
R-squared	0.446404
Adjusted R-squared	0.442906
F-TEST	127.636967
Observations	1116
Degrees of Freedom	1108
Multiple Linear Regression - Residual Statistics
Standard Error	1.285612
Sum Squared Errors	1831.299179
Log Likelihood	-1859.898733
Durbin-Watson	0.747029
Von Neumann Ratio	0.747699
# e[t] > 0	485
# e[t] < 0	631
# Runs	187
Stand. Normal Runs Statistic	-22.087406

Multiple Linear Regression - Ad Hoc Selection Test Statistics
Akaike (1969) Final Prediction Error	1.664645
Akaike (1973) Log Information Criterion	0.509612
Akaike (1974) Information Criterion	1.664645
Schwarz (1978) Log Criterion	0.545579
Schwarz (1978) Criterion	1.725608
Craven-Wahba (1979) Generalized Cross Validation	1.664731
Hannan-Quinn (1979) Criterion	1.687434
Rice (1984) Criterion	1.664817
Shibata (1981) Criterion	1.664475

Multiple Linear Regression - Analysis of Variance
ANOVA	DF	Sum of Squares	Mean Square
Regression	7	1476.70606	210.958009
Residual	1108	1831.299179	1.652797
Total	1115	3308.005239	2.9668208423936
F-TEST	127.636967
p-value	0

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