Table 3: Mincer-Zarnowitz regression results.

Dependent variableIndependent variableα and
Value-statistics   Value -statistic   -values
Wald Test (-statistic)

0.2340.550.0030.0150.0060.09
0.1090.670.0000.0460.0150.12
0.0720.710.0000.0600.0110.14
0.0510.770.0000.1730.0150.17

hypothesis: value(s) significantly different from zero.