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lnSALESit =α+β2T2it +β3T3it +β4T4it +
γ1(W EE K) + γ2(W E EK DAY ) + γ3Ri+it
(lnSALES)
β
T2T3T4
(W EE K) (W E EK DAY )
Ri
−.036 −.030 −.038 −.021 −.094∗−.079∗
(.032) (.032) (.035) (.026) (.050) (.042)
−.091∗∗ −.090∗∗ −.094∗∗∗ −.080∗∗ −.114∗∗∗ −.107∗∗∗
(.038) (.040) (.036) (.034) (.035) (.033)
−.048 −.048 −.061 −.041 −.093∗−.088
(.038) (.035) (.042) (.027) (.052) (.063)
R2
100 ×[eβ−1] eβ≈1 + β
β≈0
−.034 −.040 −.058 −.019 −.063∗−.096 −.057
(.036) (.035) (.038) (.033) (.037) (.072) (.058)
−.086∗∗ −.082 −.076∗∗ −.111∗∗ −.067∗−.150∗∗∗ −.156∗∗
(.039) (.051) (.059) (.019) (.033) (.033) (.035)
−.052 −.051 −.059 −.019 −.033 −.033 .003
(.044) (.036) (.040) (.042) (.048) (.115) (.041)
R2
(AN SW E Rcit) = α+β2T2it +β3T3it +β4T4it
+θ1(CO NT R OLScit) + cit
c
i t
1.196 1.012 1.109 1.317∗∗ 1.230∗1.248∗∗ .900 1.192 1.221∗1.319∗∗
†.554
(0.142) (0.122) (0.128) (0.152) (0.143) (0.139) (0.104) (0.132) (0.135) (0.149) (0.568)
.755∗∗
†† .601∗∗∗
††† .755∗∗
†† .930 .828†† .889 .685∗∗∗
††† .695∗∗∗
††† .824∗
†† .834†† −1.966∗∗∗
(0.091) (0.072) (0.088) (0.107) (0.097) (0.100) (0.079) (0.078) (0.092) (0.094) (0.615)
1.014 .641∗∗∗
††† .828 .944 .848†.865 .690∗∗∗
††† .721∗∗∗
††† .841†.808∗
††
−1.548∗∗∗
(0.121) (0.077) (0.096) (0.108) (0.098) (0.096) (0.080) (0.080) (0.094) (0.091) (0.600)
19.042∗∗∗
(2.305)
R2
† † † †† †
−.052∗−.038 −.040 −.014 .002 −.009
(.030) (.040) (.033) (.035) (.029) (.072)
−.038 −.108∗∗ −.112∗∗∗ −.080∗−.050 −.043
(.030) (.054) (.037) (.044) (.035) (.119)
−.027 −.051 −.030 −.021 −.014 −.099
(.038) (.059) (.045) (.050) (.034) (.140)
R2