方程式	パラメータ	OLS	SUR	FIIV	方程式	パラメータ	OLS	SUR	FIIV
FR	$ \hat{\alpha}_0 $	-3.6331	-3.6543	-3.6129	JA	$ \hat{\alpha}_0 $	0.24056	0.25865	0.25979
$ \hat{\alpha}_1 $	(-5.14)	(-6.07)	(-6.22)	$ \hat{\alpha}_1 $	(5.87)	(6.46)	(6.72)
$ \hat{\alpha}_2 $	1.3547	1.3560	1.3529	$ \hat{\alpha}_2 $	1.0129	1.0112	1.0111
(24.11)	(27.79)	(28.72)	(274.72)	(280.58)	(290.64)
-0.44386	-0.43882	-0.44368	-0.0022919	-0.027291	-0.02758
(-6.46)	(-8.32)	(-8.72)	(-3.74)	(-4.96)	(-5.20)
R²	0.976	0.976	0.976	R²	0.999	0.999	0.999
SE	0.028	0.028	0.028	SE	0.006	0.006	0.006
DW	1.09	1.09	1.09	DW	1.61	1.63	1.63
GE	$ \hat{\alpha}_0 $	-3.5104	-3.7827	-3.7524	XGBP	$ \hat{\alpha}_0 $	-6.9502	-6.7386	-6.7334
$ \hat{\alpha}_1 $	(-5.18)	(-6.73)	(-7.18)	$ \hat{\alpha}_1 $	(-9.47)	(-10.19)	(-n.25)
$ \hat{\alpha}_2 $	1.2691	1.2855	1.2836	$ \hat{\alpha}_2 $	1.5650	1.5560	1.5555
(25.23)	(30.06)	(32.30)	(28.28)	(29.43)	(32.53)
$ \hat{\alpha}_3 $	-0.91222	-0.81499	-0.82436	$ \hat{\alpha}_3 $	0.94212	0.77210	0.77318
$ \hat{\alpha}_4 $	(-8.46)	(-10.63)	(-11.57)	$ \hat{\alpha}_4 $	(4.98)	(5.40)	(5.98)
$ \hat{\alpha}_5 $	0.046309	0.036213	0.036687	$ \hat{\alpha}_5 $	-0.79931	-0.74839	-0.74927
(3.56)	(3.98)	(4.34)	$ \hat{\alpha}_5 $	(-4.29)	(-6.47)	(-7.16)
$ \hat{\alpha}_6 $	-0.039198	-0.023701	-0.024629	$ \hat{\alpha}_6 $	-0.076718	-0.083450	-0.080398
$ \hat{\alpha}_7 $	(-1.35)	(-1.20)	(-1.34)	$ \hat{\alpha}_7 $	(-1.36)	(-2.30)	(-2.45)
0.034592	0.042926	0.043576	$ \hat{\alpha}_7 $	0.088436	0.073202	0.072740
(1.10)	(2.00)	(2.18)	$ \hat{\alpha}_7 $	(1.58)	(2.20)	(2.42)
R²	0.974	0.973	0.973	$ \hat{\alpha}_7 $	0.084904	0.037651	0.039527
SE	0.028	0.029	0.029	$ \hat{\alpha}_7 $	(1.50)	(1.10)	(1.27)
DW	1.13	0.99	1.00	$ \hat{\alpha}_7 $	0.073414	0.058846	0.060443
IT	$ \hat{\alpha}_0 $	-2.4388	-1.635	-1.6458	AL	R²	0.961	0.959	0.960
$ \hat{\alpha}_1 $	(-1.47)	(-1.21)	(-1.30)	SE	0.054	0.055	0.055
$ \hat{\alpha}_2 $	1.2657	1.2138	1.2144	DW	0.56	0.53	0.53
$ \hat{\alpha}_3 $	(10.72)	(12.27)	(13.04)	$ \hat{\alpha}_0 $	-0.01241	-0.012658	-0.012782
-0.40939	0.5878	-0.58462	$ \hat{\alpha}_1 $	(-1.22)	(-1.34)	(-1.53)
$ \hat{\alpha}_4 $	(-1.27)	(-2.42)	(-2.55)	$ \hat{\alpha}_1 $	-0.43196	-0.50924	-0.5019
0.16578	0.18009	0.17949	$ \hat{\alpha}_2 $	(-4.67)	(-7.71)	(-8.65)
(2.98)	(4.47)	(4.73)	$ \hat{\alpha}_2 $	0.28566	0.33875	0.33326
0.11294	0.092918	0.093414	$ \hat{\alpha}_3 $	(4.50)	(7.27)	(8.14)
(2.03)	(2.60)	(2.78)	$ \hat{\alpha}_3 $	0.35979	0.30285	0.30386
R²	0.923	0.921	0.922	$ \hat{\alpha}_4 $	(3.61)	(4.17)	(4.76)
SE	10.054	0.055	0.055	$ \hat{\alpha}_4 $	0.064438	0.035989	0.037588
DW	1.20	1.17	1.17	$ \hat{\alpha}_5 $	(1.62)	(1.25)	(1.48)
CA	$ \hat{\alpha}_0 $	1.9459	2.0348	2.0365	$ \hat{\alpha}_6 $	0.065667	0.074446	0.074401
$ \hat{\alpha}_1 $	(1.58)	(2.26)	(2.37)	$ \hat{\alpha}_6 $	(1.66)	(2.57)	(2.92)
$ \hat{\alpha}_2 $	0.8125	0.81084	0.81256	$ \hat{\alpha}_7 $	0.13247	0.14604	0.14502
$ \hat{\alpha}_3 $	(7.65)	(10.52)	(11.06)	$ \hat{\alpha}_7 $	(3.37)	(5.18)	(5.86)
0.050718	0.0033163	-0.0096238	$ \hat{\alpha}_8 $	-0.090776	-0.079395	-0.079491
(0.38)	(0.03)	(-0.10)	$ \hat{\alpha}_8 $	(-2.29)	(-2.85)	(-3.24)
$ \hat{\alpha}_3 $	0.0018646	0.0015052	0.0013627	$ \hat{\alpha}_9 $	0.10272	0.089707	0.091178
(1.41)	(1.53)	(1.45)	$ \hat{\alpha}_9 $	(2.58)	(3.21)	(3.72)
-0.090071	-0.10616	-0.10622
(-2.24)	(-3.75)	(-4.27)
R²	0.924	0.923	0.923	R²	0.796	0.788	0.789
SE	0.037	0.038	0.038	SE	0.039	0.040	0.040
DW	1.36	1.35	1.35	DW	1.78	1.66	1.66