COMMON EFFECT

Dependent Variable: TK?

Method: Pooled EGLS (Period weights)
Date: 01/11/20 Time: 01:21
Sample: 2014 2018
Included observations: 5
Cross-sections included: 10
Total pool (balanced) observations: 50
Linear estimation after one-step weighting matrix

Variable Coefficient Std. Error t-Statistic Prob.

JR? 7.553212 2.284083 3.306891 0.0018

JH? 4.257280 1.701872 2.501527 0.0159
JT? -8.792056 1.851396 -4.748878 0.0000

Weighted Statistics

R-squared 0.364340 Mean dependent var 1625.682

Adjusted R-squared 0.337291 S.D. dependent var 1896.058
S.E. of regression 1555.072 Sum squared resid 1.14E+08
Durbin-Watson stat 0.214935

Unweighted Statistics

R-squared 0.288552 Mean dependent var 1525.660

Sum squared resid 1.16E+08 Durbin-Watson stat 0.338388

FIXED EFFECT

Dependent Variable: TK?

Method: Pooled EGLS (Period weights)
Date: 01/11/20 Time: 01:22
Sample: 2014 2018
Included observations: 5
Cross-sections included: 10
Total pool (balanced) observations: 50
Linear estimation after one-step weighting matrix

Variable Coefficient Std. Error t-Statistic Prob.

C 900.6745 399.6142 2.253860 0.0295

JR? 0.529608 3.947381 0.134167 0.8939
JH? 6.447766 2.001157 3.222020 0.0025
JT? -5.466331 2.379402 -2.297355 0.0266
Fixed Effects (Period)
2014--C -155.0326
2015--C 29.52684
2016--C -168.0608
2017--C 17.43028
2018--C 276.1363
 Effects Specification

Period fixed (dummy variables)

Weighted Statistics

R-squared 0.430453 Mean dependent var 1625.005

Adjusted R-squared 0.335528 S.D. dependent var 1892.096
S.E. of regression 1555.308 Sum squared resid 1.02E+08
F-statistic 4.534685 Durbin-Watson stat 0.151960
Prob(F-statistic) 0.000771

Unweighted Statistics

R-squared 0.344940 Mean dependent var 1525.660

Sum squared resid 1.07E+08 Durbin-Watson stat 0.315040

RANDOM

Dependent Variable: TK?

Method: Pooled EGLS (Period random effects)
Date: 01/11/20 Time: 01:23
Sample: 2014 2018
Included observations: 5
Cross-sections included: 10
Total pool (balanced) observations: 50
Swamy and Arora estimator of component variances

Variable Coefficient Std. Error t-Statistic Prob.

C 832.7266 436.3904 1.908215 0.0626

JR? 1.921534 4.046011 0.474921 0.6371
JH? 4.967577 1.834535 2.707812 0.0095
JT? -5.025773 2.619078 -1.918909 0.0612
Random Effects (Period)
2014--C 0.000000
2015--C 0.000000
2016--C 0.000000
2017--C 0.000000
2018--C 0.000000

Effects Specification
S.D. Rho

Period random 0.000000 0.0000

Idiosyncratic random 1573.447 1.0000

Weighted Statistics

R-squared 0.351039 Mean dependent var 1525.660

Adjusted R-squared 0.308716 S.D. dependent var 1823.407
S.E. of regression 1516.045 Sum squared resid 1.06E+08
F-statistic 8.294189 Durbin-Watson stat 0.306609
Prob(F-statistic) 0.000162
 Unweighted Statistics

R-squared 0.351039 Mean dependent var 1525.660

Sum squared resid 1.06E+08 Durbin-Watson stat 0.306609

UJI CHOW

Redundant Fixed Effects Tests

Pool: PANEL
Test period fixed effects

Effects Test Statistic d.f. Prob.

Period F 0.101572 (4,42) 0.9813

Period fixed effects test equation:

Dependent Variable: TK?
Method: Panel EGLS (Period weights)
Date: 01/11/20 Time: 01:24
Sample: 2014 2018
Included observations: 5
Cross-sections included: 10
Total pool (balanced) observations: 50
Use pre-specified GLS weights

Variable Coefficient Std. Error t-Statistic Prob.

C 854.7819 376.9333 2.267727 0.0281

JR? 0.532217 3.772227 0.141088 0.8884
JH? 6.495099 1.908423 3.403385 0.0014
JT? -5.562929 2.270902 -2.449656 0.0182

Weighted Statistics

R-squared 0.424943 Mean dependent var 1625.005

Adjusted R-squared 0.387440 S.D. dependent var 1892.096
S.E. of regression 1493.319 Sum squared resid 1.03E+08
F-statistic 11.33070 Durbin-Watson stat 0.168310
Prob(F-statistic) 0.000011

Unweighted Statistics

R-squared 0.334759 Mean dependent var 1525.660

Sum squared resid 1.08E+08 Durbin-Watson stat 0.329316

UJI HAUSMANT

Correlated Random Effects - Hausman Test

Pool: PANEL
Test period random effects

Test Summary Chi-Sq. Chi-Sq. d.f. Prob.

 Statistic

Period random 0.698603 3 0.8735

** WARNING: estimated period random effects variance is zero.

Period random effects test comparisons:

Variable Fixed Random Var(Diff.) Prob.

JR? 1.858066 1.921534 0.112159 0.8497

JH? 4.840304 4.967577 0.049796 0.5684
JT? -4.906260 -5.025773 0.064998 0.6392

Period random effects test equation:

Dependent Variable: TK?
Method: Panel Least Squares
Date: 01/11/20 Time: 01:26
Sample: 2014 2018
Included observations: 5
Cross-sections included: 10
Total pool (balanced) observations: 50

Variable Coefficient Std. Error t-Statistic Prob.

C 854.0286 439.5894 1.942787 0.0588

JR? 1.858066 4.059848 0.457669 0.6495
JH? 4.840304 1.848057 2.619131 0.0122
JT? -4.906260 2.631458 -1.864465 0.0693

Effects Specification

Period fixed (dummy variables)

R-squared 0.361751 Mean dependent var 1525.660

Adjusted R-squared 0.255376 S.D. dependent var 1823.407
S.E. of regression 1573.447 Akaike info criterion 17.70557
Sum squared resid 1.04E+08 Schwarz criterion 18.01150
Log likelihood -434.6393 Hannan-Quinn criter. 17.82207
F-statistic 3.400722 Durbin-Watson stat 0.276485
Prob(F-statistic) 0.005743

UJI ASUMSI KLASIK

MULTIKOINEARITAS

1. JR

Dependent Variable: JR?

Method: Pooled EGLS (Period weights)
Date: 01/11/20 Time: 01:29
Sample: 2014 2018
Included observations: 5
Cross-sections included: 10
Total pool (balanced) observations: 50
Linear estimation after one-step weighting matrix

Variable Coefficient Std. Error t-Statistic Prob.

C 80.14680 10.97203 7.304645 0.0000

JH? 0.384575 0.060576 6.348611 0.0000
JT? 0.492967 0.064112 7.689135 0.0000
TK? 0.001528 0.005946 0.256990 0.7984
Fixed Effects (Period)
2014--C -7.050007
2015--C 0.634966
2016--C 6.605865
2017--C 1.050841
2018--C -1.241665

Effects Specification

Period fixed (dummy variables)

Weighted Statistics

R-squared 0.915754 Mean dependent var 199.1722

Adjusted R-squared 0.901713 S.D. dependent var 187.8106
S.E. of regression 58.92849 Sum squared resid 145847.8
F-statistic 65.21984 Durbin-Watson stat 0.407236
Prob(F-statistic) 0.000000

Unweighted Statistics

R-squared 0.900913 Mean dependent var 189.3200

Sum squared resid 153521.5 Durbin-Watson stat 0.505838

2. JH

Dependent Variable: JH?

Method: Pooled EGLS (Period weights)
Date: 01/11/20 Time: 01:30
Sample: 2014 2018
Included observations: 5
Cross-sections included: 10
Total pool (balanced) observations: 50
Linear estimation after one-step weighting matrix
 Variable Coefficient Std. Error t-Statistic Prob.

C -103.8246 21.93154 -4.734033 0.0000

JT? -0.161168 0.158094 -1.019445 0.3138
TK? 0.031360 0.008899 3.523857 0.0010
JR? 1.217123 0.178103 6.833821 0.0000
Fixed Effects (Period)
2014--C 9.710080
2015--C -8.046179
2016--C -5.875124
2017--C -8.774139
2018--C 12.98536

Effects Specification

Period fixed (dummy variables)

Weighted Statistics

R-squared 0.872595 Mean dependent var 197.6839

Adjusted R-squared 0.851360 S.D. dependent var 312.8784
S.E. of regression 120.1283 Sum squared resid 606093.6
F-statistic 41.09378 Durbin-Watson stat 0.298666
Prob(F-statistic) 0.000000

Unweighted Statistics

R-squared 0.786466 Mean dependent var 159.5800

Sum squared resid 632951.4 Durbin-Watson stat 0.565162

JT

Dependent Variable: JT?

Method: Pooled EGLS (Period weights)
Date: 01/11/20 Time: 01:31
Sample: 2014 2018
Included observations: 5
Cross-sections included: 10
Total pool (balanced) observations: 50
Linear estimation after one-step weighting matrix

Variable Coefficient Std. Error t-Statistic Prob.

C -76.05638 22.61566 -3.362995 0.0017

TK? -0.018831 0.008541 -2.204775 0.0330
JR? 1.173926 0.148921 7.882886 0.0000
JH? -0.158054 0.122307 -1.292272 0.2033
Fixed Effects (Period)
2014--C 11.41231
2015--C -6.179434
2016--C -4.080475
2017--C -3.780236
2018--C 2.627838
 Effects Specification

Period fixed (dummy variables)

Weighted Statistics

R-squared 0.814090 Mean dependent var 92.29258

Adjusted R-squared 0.783105 S.D. dependent var 188.8136
S.E. of regression 88.49368 Sum squared resid 328907.6
F-statistic 26.27365 Durbin-Watson stat 0.371363
Prob(F-statistic) 0.000000

Unweighted Statistics

R-squared 0.816752 Mean dependent var 92.24000

Sum squared resid 331501.7 Durbin-Watson stat 0.425371