Variance Decomposition of LER:

Table 5

Variance Decomposition of LER:

Period S.E. LER LEX LIM LINF LIR

1 100 0 0 0 0
2 0.127538 98.10641 0.615805 0.001207 0.297061 0.979517
3 0.176467 97.68966 0.429643 0.648857 0.169697 1.062143
4 0.223668 97.57018 0.596083 0.698821 0.351884 0.783032
5 0.273557 96.48309 1.330829 1.313954 0.346116 0.52601
6 0.318893 95.10774 2.073608 2.147053 0.277828 0.393769
7 0.363279 94.02634 2.56508 2.874897 0.214119 0.319567
8 0.404672 93.32915 2.807174 3.414735 0.174675 0.274264
9 0.443791 92.73634 2.965521 3.892998 0.159928 0.245213
10 0.480209 92.33549 3.03611 4.24568 0.158769 0.22395
Average 0.281207 95.73844 1.641985 1.92382 0.215008 0.480747

Long run ler dgn dgan dri sendiri, 95%. Lex bole mempengaruhi ler in long run in average of 1.9%.