============= 2009 - 2015 ================= b0_alpha = -0.00012728 +-0.00013731 b1_Zinc = 0.095025 +-0.010653 b2_Gold = 0.061348 +-0.019849 b3_Diesel = -0.004872 +-0.0087136 b4_OilBrent = 0.096914 +-0.015732 b5_Copper = 0.090219 +-0.012177 b6_NatGas = 0.050691 +-0.0046773 b7_Aluminum = 0.056977 +-0.013786 b8_WTI = 0.12407 +-0.01447 b9_Nickel = 0.057484 +-0.0086938 b10_Palladium = 0.098312 +-0.010974 b11_Platinum = 0.088306 +-0.019874 b12_Silver = 0.071017 +-0.01066 alpha_p_a = -0.032061 +-0.034544 RSq = 0.82581 __________________________ Model Significance Tests: df = 1235 F = 483.58 t_b0 = 0.92694 t_b1_Zinc = -8.9201 t_b2_Gold = -3.0908 t_b3_Diesel = 0.55913 t_b4_OilBrent = -6.1604 t_b5_Copper = -7.4087 t_b6_NatGas = -10.838 t_b7_Aluminum = -3.6769 t_b8_WTI = -8.5746 t_b9_Nickel = -6.6121 t_b10_Palladium = -8.9586 t_b11_Platinum = -4.4433 t_b12_Silver = -6.6622 ==================================================================== F-Test: The Model is significantly different from 0 at the p-level: pval_full = 0 T-Test: alpha is significantly different from 0 at the p-level: pval_b0 = 0.35414 T-Test: Zinc is significantly different from 0 at the p-level: pval_b1 = 0 T-Test: Gold is significantly different from 0 at the p-level: pval_b2 = 0.0020411 T-Test: Diesel is significantly different from 0 at the p-level: pval_b3 = 0.57618 T-Test: Oil WTI is significantly different from 0 at the p-level: pval_b4 = 9.8005e-010 T-Test: Copper is significantly different from 0 at the p-level: pval_b5 = 2.3714e-013 T-Test: NatGas is significantly different from 0 at the p-level: pval_b6 = 4.3299e-015 T-Test: Aluminum is significantly different from 0 at the p-level: pval_b7 = 3.8247e-005 T-Test: WTI is significantly different from 0 at the p-level: pval_b8 = 4.4409e-016 T-Test: Nickel is significantly different from 0 at the p-level: pval_b9 = 5.6262e-011 T-Test: Palladium is significantly different from 0 at the p-level: pval_b10 = 0 T-Test: Platinum is significantly different from 0 at the p-level: pval_b11 = 9.6534e-006 T-Test: Silver is significantly different from 0 at the p-level: pval_b12 = 4.0527e-011 ==================================================================== #################################################################### =============== 2009 ===================== warning: load: file found in load path b0_alpha = -0.00074947 +-0.00048009 b1_Zinc = 0.12037 +-0.03336 b2_Gold = 0.10028 +-0.082493 b3_Diesel = -0.0012847 +-0.025125 b4_OilBrent = 0.090367 +-0.073691 b5_Copper = 0.11387 +-0.040238 b6_NatGas = 0.045972 +-0.011445 b7_Aluminum = 0.13836 +-0.048075 b8_WTI = 0.10478 +-0.074983 b9_Nickel = 0.0268 +-0.02688 b10_Palladium = 0.058586 +-0.036893 b11_Platinum = -0.021116 +-0.070995 b12_Silver = 0.084928 +-0.050164 alpha_p_a = -0.17464 +-0.11568 RSq = 0.86719 __________________________ Model Significance Tests: df = 134 F = 66.925 t_b0 = 1.5611 t_b1_Zinc = -3.6083 t_b2_Gold = -1.2157 t_b3_Diesel = 0.051132 t_b4_OilBrent = -1.2263 t_b5_Copper = -2.8299 t_b6_NatGas = -4.0168 t_b7_Aluminum = -0.95627 t_b8_WTI = -1.3974 t_b9_Nickel = -0.99701 t_b10_Palladium = -1.5880 t_b11_Platinum = 0.29743 t_b12_Silver = -1.6930 =============== 2010 ===================== b0_alpha = 0.00050956 +-0.00047036 b1_Zinc = 0.050423 +-0.028958 b2_Gold = 0.19376 +-0.080217 b3_Diesel = 0.0057129 +-0.022808 b4_OilBrent = 0.027003 +-0.056241 b5_Copper = 0.045971 +-0.03272 b6_NatGas = 0.040563 +-0.016577 b7_Aluminum = 0.14047 +-0.042438 b8_WTI = 0.13287 +-0.047566 b9_Nickel = 0.078137 +-0.029521 b10_Palladium = 0.15445 +-0.03651 b11_Platinum = 0.14512 +-0.074347 b12_Silver = -0.07736 +-0.047322 alpha_p_a = 0.1393 +-0.11347 RSq = 0.74434 __________________________ Model Significance Tests: df = 220 F = 50.708 t_b0 = -1.0833 t_b1_Zinc = -1.7412 t_b2_Gold = -2.4154 t_b3_Diesel = -0.25047 t_b4_OilBrent = -0.48013 t_b5_Copper = -1.4050 t_b6_NatGas = -2.4469 t_b7_Aluminum = -0.95584 t_b8_WTI = -2.7934 t_b9_Nickel = -2.6468 t_b10_Palladium = -4.2302 t_b11_Platinum = -1.9519 t_b12_Silver = 1.6348 =============== 2011 ===================== b0_alpha = -0.0003341 +-0.00031332 b1_Zinc = 0.16586 +-0.023545 b2_Gold = 0.052186 +-0.042772 b3_Diesel = -0.009202 +-0.015194 b4_OilBrent = 0.11141 +-0.033033 b5_Copper = 0.09615 +-0.025083 b6_NatGas = 0.041629 +-0.012285 b7_Aluminum = -0.046508 +-0.029183 b8_WTI = 0.14578 +-0.031019 b9_Nickel = 0.027587 +-0.018366 b10_Palladium = 0.081723 +-0.022636 b11_Platinum = 0.11441 +-0.047359 b12_Silver = 0.072218 +-0.017226 alpha_p_a = -0.081987 +-0.077088 RSq = 0.90155 __________________________ Model Significance Tests: df = 220 F = 159.48 t_b0 = 1.0663 t_b1_Zinc = -7.0445 t_b2_Gold = -1.2201 t_b3_Diesel = 0.60564 t_b4_OilBrent = -3.3727 t_b5_Copper = -3.8332 t_b6_NatGas = -3.3886 t_b7_Aluminum = -1.4265 t_b8_WTI = -4.6997 t_b9_Nickel = -1.5021 t_b10_Palladium = -3.6104 t_b11_Platinum = -2.4157 t_b12_Silver = -4.1923 =============== 2012 ===================== b0_alpha = 0.00022736 +-0.00025118 b1_Zinc = 0.080349 +-0.027585 b2_Gold = -0.022848 +-0.051715 b3_Diesel = -0.04015 +-0.021709 b4_OilBrent = 0.14036 +-0.032756 b5_Copper = 0.11917 +-0.034517 b6_NatGas = 0.056996 +-0.0078774 b7_Aluminum = 0.0097133 +-0.031666 b8_WTI = 0.093355 +-0.031404 b9_Nickel = 0.10072 +-0.018922 b10_Palladium = 0.087123 +-0.022975 b11_Platinum = 0.10456 +-0.033427 b12_Silver = 0.1312 +-0.031415 alpha_p_a = 0.059925 +-0.062286 RSq = 0.86883 __________________________ Model Significance Tests: df = 211 F = 110.39 t_b0 = -0.90517 t_b1_Zinc = -2.9128 t_b2_Gold = 0.44180 t_b3_Diesel = 1.8494 t_b4_OilBrent = -4.2851 t_b5_Copper = -3.4524 t_b6_NatGas = -7.2354 t_b7_Aluminum = -1.7999 t_b8_WTI = -2.9727 t_b9_Nickel = -5.3229 t_b10_Palladium = -3.7921 t_b11_Platinum = -3.1278 t_b12_Silver = -4.1765 =============== 2013 ===================== warning: load: file found in load path b0_alpha = -0.00014172 +-0.00022634 b1_Zinc = 0.093984 +-0.024721 b2_Gold = 0.059719 +-0.032899 b3_Diesel = -0.0093422 +-0.025187 b4_OilBrent = 0.12895 +-0.030719 b5_Copper = 0.051518 +-0.026124 b6_NatGas = 0.082604 +-0.0094331 b7_Aluminum = 0.059097 +-0.026864 b8_WTI = 0.11977 +-0.02887 b9_Nickel = 0.11237 +-0.019334 b10_Palladium = 0.11841 +-0.022192 b11_Platinum = 0.066393 +-0.033826 b12_Silver = 0.082232 +-0.019895 alpha_p_a = -0.035632 +-0.056304 RSq = 0.86150 __________________________ Model Significance Tests: df = 222 F = 109.37 t_b0 = 0.62611 t_b1_Zinc = -3.8017 t_b2_Gold = -1.8153 t_b3_Diesel = 0.37092 t_b4_OilBrent = -4.1977 t_b5_Copper = -1.9720 t_b6_NatGas = -8.7569 t_b7_Aluminum = -3.0749 t_b8_WTI = -4.1486 t_b9_Nickel = -5.8120 t_b10_Palladium = -5.3360 t_b11_Platinum = -1.9628 t_b12_Silver = -4.1334 =============== 2014 ===================== b0_alpha = -0.00015682 +-0.00023124 b1_Zinc = -0.0071267 +-0.021977 b2_Gold = 0.045205 +-0.034924 b3_Diesel = 0.021731 +-0.025148 b4_OilBrent = 0.065959 +-0.022775 b5_Copper = 0.16979 +-0.023299 b6_NatGas = 0.069958 +-0.0099212 b7_Aluminum = 0.14549 +-0.02681 b8_WTI = 0.11341 +-0.020897 b9_Nickel = 0.042937 +-0.013145 b10_Palladium = 0.12765 +-0.021294 b11_Platinum = 0.092947 +-0.039119 b12_Silver = 0.092446 +-0.021091 alpha_p_a = -0.039354 +-0.057485 RSq = 0.84821 __________________________ Model Significance Tests: df = 218 F = 96.391 t_b0 = 0.67818 t_b1_Zinc = 0.32429 t_b2_Gold = -1.2944 t_b3_Diesel = -0.86414 t_b4_OilBrent = -2.8961 t_b5_Copper = -7.2875 t_b6_NatGas = -7.0514 t_b7_Aluminum = -2.6094 t_b8_WTI = -5.4269 t_b9_Nickel = -3.2664 t_b10_Palladium = -5.9947 t_b11_Platinum = -2.3760 t_b12_Silver = -4.3833