Open Access
Table 1
Estimated values for three tested models.
| MODEL 1 | MODEL 2 | MODEL 3 | ||
|---|---|---|---|---|
| CONSTANT | –1.639 (1.16) |
–1.499 (1.32) |
–1.907 (1.14) |
|
| LNSIZE (mm) | 1.027** (0.17) |
1.094** (0.18) |
1.046** (0.18) |
|
| CITESDUM07 | 4.399** (1.15) |
N/A | 0.490** (0.20) |
|
| AUCTION HOUSES | N/A | N/A | 0.437** (0.19) |
|
| DUMCITES07*LNTREND | –1.528** (0.46) |
0.552** (0.31) |
N/A | |
| LNTREND | N/A | –0.571** (0.48) |
N/A | |
| R2 | 0.40 | 0.33 | 0.37 | |
| Adjusted R2 | 0.39 | 0.31 | 0.35 | |
| No observations | 115 | 115 | 115 | |
| MULTICOLLINEARITY | ||||
| t0.05,113 | 1.960 | 1.960 | 1.960 | |
| HAITOVSKY'S SINGULARITY TEST | ||||
| Det (R) | 0.01 | 0.00 | 0.564 | |
| Chi2 | 18.31 | 12.59 | 12.59 | |
| p-value | 0.96 | 0.99 | 4.84E–33 | |
| AKAIKE INFORMATION CRITERION (AIC) | –0.12 | –0.11 | –0.05 | |
| CHOW test (t4,60, 0.05) = 2.53 | 5.20** | |||
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