HW05_sol_X - Problem 8-12 Predictors: R Sq. Adj. R Sq....

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Unformatted text preview: Problem 8-12 Predictors: R Sq. Adj. R Sq. Earnings 0.323 0.297 Dividend 0.524 0.506 Payout 0.195 0.164 Earnings Dividend 0.530 0.492 Earnings Dividend Payout 0.553 0.497 DW 0.22 1.48 1.33 n 28 k 1 alpha 0.05 d U d L 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 20,000 30,000 40,000 50,000 Shareholders Column T Column Year Shareholders 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992-8,000-6,000-4,000-2,000 2,000 4,000 6,000 8,000 10,000 Error Co Year Error DW 0.89 1.47 1.32 n 27 k 1 alpha 0.05 d U d L Col Year 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 20,000 30,000 40,000 50,000 Shareholders Column AS Colum Year Shareholders Year Share Earnings Dividend Payout Forecast 1968 26,472 1.68 1.21 72 28,666 1969 28,770 1.70 1.28 73 29,222 1970 29,681 1.80 1.32 73 29,540 1971 30,481 1.86 1.36 72 29,858 1972 30,111 1.96 1.39 71 30,096 1973 31,052 2.02 1.44 71 30,493 1974 30,845 2.11 1.49 71 30,891 1975 32,012 2.42 1.53 63 31,209 1976 32,846 2.79 1.65 55 32,162 1977 32,909 2.38 1.76 74 33,037 1978 34,593 2.95 1.94 61 34,467 1979 34,359 2.78 2.08 75 35,580 1980 36,161 2.33 2.16 93 36,216 1981 39,474 3.29 2.28 69 37,169 1982 46,278 3.17 2.40 76 38,123 1983 47,672 3.02 2.48 82 38,759 1984 45,462 2.46 2.48 101 38,759 1985 43,313 3.03 2.48 82 38,759 1986 41,368 2.06 2.48 120 38,759 1987 38,686 2.31 2.48 107 38,759 1988 37,072 2.54 2.48 98 38,759 1989 36,968 2.70 2.48 92 38,759 1990 34,348 3.46 2.48 72 38,759 1991 34,058 2.68 2.48 93 38,759 1992 34,375 2.74 2.48 91 38,759 1993 33,968 2.88 2.48 86 38,759 1994 34,120 2.56 2.48 97 38,759 1995 33,138 2.82 2.48 88 38,759 1994 n Y 1994 lumn Z lumn Z 1993 1995 mn AU-2,194 4,811,529 72.0%-452-2,194 3,033,441 204,161 75.3% 141-452 351,769 19,954 73.3% 623 141 232,422 388,579 73.1% 15 623 370,180 223 70.9% 559 15 295,530 311,994 71.3%-46 559 365,267 2,098 70.6% 803-46 720,973 645,279 63.2% 684 803 14,327 467,306 59.1%-128 684 658,079 16,288 73.9% 126-128 64,240 15,834 65.8%-1,221 126 1,813,451 1,490,379 74.8%-55-1,221 1,360,030 2,982 92.7% 2,305-55 5,566,319 5,311,629 69.3% 8,155 2,305 34,226,065 66,504,056 75.7% 8,913 8,155 574,872 79,445,224 82.1% 6,703 8,913 4,884,100 44,932,958 100.8% 4,554 6,703 4,618,201 20,740,784 81.8% 2,609 4,554 3,783,025 6,807,951 120.4%-73 2,609 7,193,124 5,299 107.4%-1,687-73 2,604,996 2,845,277 97.6%-1,791-1,687 10,816 3,206,947 91.9%-4,411-1,791 6,864,400 19,455,112 71.7%-4,701-4,411 84,100 22,097,473 92.5%-4,384-4,701 100,489 19,217,658 90.5%-4,791-4,384 165,649 22,951,716 86.1%-4,639-4,791 23,104 21,518,419 96.9%-5,621-4,639 964,324 31,593,336 87.9% e t e t-1 (e t- e t-1 ) 2 e t 2 SUMMARY OUTPUT Regression Statistics Multiple R 0.568 R Square 0.323 Adjusted R Square 0.297 Standard Error 4532 Observations 28 ANOVA df SS MS F Significance F Regression 1 254,506,714 254,506,714 12.391 0.0016 Residual 26 534,019,677 20,539,218 Total 27 788,526,392 Coefficients Standard Error t Stat P-value Lower 95% Intercept 19,563.45 4,573.61 4.277 0.00020....
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This note was uploaded on 06/18/2011 for the course IEOR 4307 taught by Professor Dr.kosrowdehnad during the Summer '10 term at Columbia.

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HW05_sol_X - Problem 8-12 Predictors: R Sq. Adj. R Sq....

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