Welcome to SHAZAM - Version 10.0 - APR 2007 SYSTEM=WIN-XP
PAR= 11000
CURRENT WORKING DIRECTORY IS: C:\Econ399F12\web2012
|_* a simple shazam example program
|_* the location of the data file will need to be changed before running the
program
|_READ (c:\Econ399F12\Web2012\sampledat.txt) id netRRSP taxbasic taxlowm
taxhighm totinc female empwkft age / skiplines=1
UNIT 88 IS NOW ASSIGNED TO: c:\Econ399F12\Web2012\sampledat.txt
...SAMPLE RANGE IS NOW SET TO:
1
150
|_* obtain statistics .... look at these to check for obvious errors
|_* in reading the data set
|_STAT / ALL
NAME
N
MEAN
ST. DEV
VARIANCE
MINIMUM
MAXIMUM
ID
150
75.500
43.445
1887.5
1.0000
150.00
NETRRSP
150
997.82
2788.4
0.77750E+07 -15000.
15000.
TAXBASIC
150
10.068
0.52251
0.27302
8.7900
11.000
TAXLOWM
150
25.068
0.52251
0.27302
23.790
26.000
TAXHIGHM
150
46.304
1.6675
2.7807
39.000
48.250
TOTINC
150
54817.
47211.
0.22289E+10
8500.0
0.55000E+06
FEMALE
150 0.50667
0.50163
0.25163
0.0000
1.0000
EMPWKFT
150
51.000
3.0345
9.2081
36.000
52.000
AGE
150
41.973
10.414
108.46
18.000
54.000
|_* generate average weekly income (per week of full-time employment)
|_genr awinc=totinc/empwkft
|_* generate age-squared for quadratic functional form
|_genr agesq=age*age
|_* run ols and save residuals (for white test and bp test)
|_ols netrrsp awinc age agesq taxbasic / resid=uhat
R-SQUARE =
0.0728
R-SQUARE ADJUSTED =
0.0472
VARIANCE OF THE ESTIMATE-SIGMA**2 = 0.74079E+07
STANDARD ERROR OF THE ESTIMATE-SIGMA =
2721.8
SUM OF SQUARED ERRORS-SSE= 0.10742E+10
ANALYSIS OF VARIANCE - FROM MEAN
SS
DF
MS
REGRESSION
0.84332E+08
4.
0.21083E+08
ERROR
0.10742E+10
145.
0.74079E+07
TOTAL
0.11585E+10
149.
0.77750E+07
VARIABLE
NAME
AWINC
AGE
AGESQ
TAXBASIC
CONSTANT
ESTIMATED STANDARD
COEFFICIENT
ERROR
0.56260
0.2362
395.61
208.4
-5.5036
2.723
577.09
441.6
-11737.
6484.
T-RATIO
145 DF
2.382
1.898
-2.021
1.307
-1.810
F
2.846
P-VALUE
0.026
PARTIAL STANDARDIZED ELASTICITY
P-VALUE CORR. COEFFICIENT AT MEANS
0.019 0.194
0.1912
0.6093
0.060 0.156
1.4775
16.6413
0.045-0.166
-1.5711
-10.3114
0.193 0.108
0.1081
5.8230
0.072-0.149
0.0000
-11.7622
JARQUE-BERA NORMALITY TEST- CHI-SQUARE(2 DF)=
957.1359 P-VALUE= 0.000
GOODNESS OF FIT TEST FOR NORMALITY OF RESIDUALS - 12 GROUPS
OBSERVED 2.0 1.0 0.0 1.0 14.0 79.0 23.0 13.0 11.0 3.0 1.0 2.0
EXPECTED 0.9 2.5 6.6 13.8 22.5 28.7 28.7 22.5 13.8 6.6 2.5 0.9
CHI-SQUARE = 121.5463 WITH 5 DEGREES OF FREEDOM, P-VALUE= 0.000
|_diagnos / het
REQUIRED MEMORY IS PAR=
49 CURRENT PAR=
11000
DEPENDENT VARIABLE = NETRRSP
150 OBSERVATIONS
REGRESSION COEFFICIENTS
0.562598287085
395.609607284
-5.50358619883
-11736.5320430
577.091732880
HETEROSKEDASTICITY TESTS
CHI-SQUARE
TEST STATISTIC
E**2 ON YHAT:
7.150
E**2 ON YHAT**2:
6.361
E**2 ON LOG(YHAT**2):
2.881
E**2 ON LAG(E**2) ARCH TEST:
0.089
LOG(E**2) ON X (HARVEY) TEST:
62.809
ABS(E) ON X (GLEJSER) TEST:
54.301
E**2 ON X
TEST:
KOENKER(R2):
9.239
B-P-G (SSR) :
66.142
D.F.
P-VALUE
1
1
1
1
4
4
0.00750
0.01167
0.08960
0.76518
0.00000
0.00000
4
4
0.05540
0.00000
...MATRIX INVERSION FAILED IN ROW
7
...RESULTS MAY BE UNRELIABLE
E**2 ON X X**2
(WHITE) TEST:
KOENKER(R2):
**********
B-P-G (SSR) :
**********
8
8
*********
*********
...MATRIX INVERSION FAILED IN ROW
7
...RESULTS MAY BE UNRELIABLE
E**2 ON X X**2 XX (WHITE) TEST:
KOENKER(R2):
**********
B-P-G (SSR) :
**********
14
14
*********
*********
|_* info for NR2 version of BP test - double check with diagnos / het resutls
|_genr uhat2=uhat*uhat
|_ols uhat2 awinc age agesq taxbasic
150 OBSERVATIONS
R-SQUARE =
0.0616
DEPENDENT VARIABLE= UHAT2
R-SQUARE ADJUSTED =
0.0357
|_* squares and cross-products for white test (since can't use diagnos / het
results)
|_genr x1sq=awinc*awinc
|_genr x3sq=agesq*agesq
|_genr x4sq=taxbasic*taxbasic
|_genr x1x2= awinc*age
|_genr x1x3=awinc*agesq
|_genr x1x4= awinc*taxbasic
|_genr x2x3=age*agesq
|_genr x2x4= age*taxbasic
|_genr x3x4=agesq*taxbasic
|_* perform white test regression; test statistic will be NR2
|_ols uhat2 awinc age agesq taxbasic x1sq x3sq x4sq x1x2 x1x3 x1x4 x2x3 x2x4 x3x4
150 OBSERVATIONS
DEPENDENT VARIABLE= UHAT2
R-SQUARE =
0.1673
R-SQUARE ADJUSTED =
0.0877
|_* use het consistent standard errors and use test command for any F tests
|_ols netrrsp awinc age agesq taxbasic / hetcov
REQUIRED MEMORY IS PAR=
35 CURRENT PAR=
11000
OLS ESTIMATION
150 OBSERVATIONS
DEPENDENT VARIABLE= NETRRSP
...NOTE..SAMPLE RANGE SET TO:
1,
150
USING HETEROSKEDASTICITY-CONSISTENT COVARIANCE MATRIX
R-SQUARE =
0.0728
R-SQUARE ADJUSTED =
0.0472
VARIANCE OF THE ESTIMATE-SIGMA**2 = 0.74079E+07
STANDARD ERROR OF THE ESTIMATE-SIGMA =
2721.8
SUM OF SQUARED ERRORS-SSE= 0.10742E+10
REGRESSION
ERROR
TOTAL
VARIABLE
NAME
AWINC
AGE
AGESQ
TAXBASIC
CONSTANT
ANALYSIS OF VARIANCE - FROM MEAN
SS
DF
MS
0.84332E+08
4.
0.21083E+08
0.10742E+10
145.
0.74079E+07
0.11585E+10
149.
0.77750E+07
ESTIMATED STANDARD
COEFFICIENT
ERROR
0.56260
0.4659
395.61
244.4
-5.5036
3.309
577.09
508.9
-11737.
7923.
T-RATIO
145 DF
1.208
1.619
-1.663
1.134
-1.481
F
2.846
P-VALUE
0.026
PARTIAL STANDARDIZED ELASTICITY
P-VALUE CORR. COEFFICIENT AT MEANS
0.229 0.100
0.1912
0.6093
0.108 0.133
1.4775
16.6413
0.098-0.137
-1.5711
-10.3114
0.259 0.094
0.1081
5.8230
0.141-0.122
0.0000
-11.7622
JARQUE-BERA NORMALITY TEST- CHI-SQUARE(2 DF)=
957.1359 P-VALUE= 0.000
GOODNESS OF FIT TEST FOR NORMALITY OF RESIDUALS - 12 GROUPS
OBSERVED 2.0 1.0 0.0 1.0 14.0 79.0 23.0 13.0 11.0 3.0 1.0 2.0
EXPECTED 0.9 2.5 6.6 13.8 22.5 28.7 28.7 22.5 13.8 6.6 2.5 0.9
CHI-SQUARE = 121.5463 WITH 5 DEGREES OF FREEDOM, P-VALUE= 0.000
|_test
|_test awinc=0
|_test age=0
|_test agesq=0
|_test taxbasic=0
|_end
F STATISTIC =
1.2793777
WITH
4 AND 145 D.F. P-VALUE= 0.28082
WALD CHI-SQUARE STATISTIC =
5.1175110
WITH
4 D.F. P-VALUE= 0.27545
UPPER BOUND ON P-VALUE BY CHEBYCHEV INEQUALITY = 0.78163
|_stop