Impact of the Adjustment of Maximum Order Volume on Pricing Efficiency of Stock Index Futures in China

Table 3

Panel data regression results.

Variable	Coefficient	Std. error	t-statistic	Prob.
C	17.14124	4.611464	3.717093	0.0003
D	0.000437	9.34E − 05	8.846659	0.0000
QS	−6.958816	0.789931	−8.809398	0.0000
VV	6.439081	0.512695	12.55929	0.0000
SL	0.004059	0.000838	4.842295	0.0000
	Effects specification
Cross section fixed (dummy variables)
R-squared	0.940687	Mean dependent var		46.32500
Adjusted R-squared	0.937551	S. D. dependent var		57.70850
S. E. of regression	14.42119	Akaike info criterion		8.227919
Sum squared residuals	47209.36	Schwarz criterion		8.416454
Log-likelihood	−974.3503	Hannan–Quinn criter.		8.303885
F-statistic	300.0123	Durbin–Watson stat		0.699520
Prob. (F-statistic)	0.000000