Modelling Inflation Uncertainty with Structural Breaks Case of Turkey (1994–2013)
Table 6
Coefficient and their statistics of the mean equation for inflation series.
Variables
Coefficient
Standard error
-statistics
Significance
0.016930
0.003370
5.024028
0.0000
D1 * INF (-1)
0.460245
0.055982
8.221357
0.0000
D1 * INF (-5)
0.093542
0.039550
2.365172
0.0189
D2 * INF (-1)
0.444756
0.068491
6.493621
0.0000
D2 * INF (-5)
0.129793
0.060153
2.157715
0.0320
SD(1)
0.011332
0.002104
5.387352
0.0000
SD(4)
0.008563
0.002164
3.956521
0.0001
SD(6)
−0.009632
0.002160
−4.459226
0.0000
SD(9)
0.012423
0.002136
5.816294
0.0000
SD(10)
0.013785
0.002120
6.501527
0.0000
Adjusted -square
0.836555
AIC
−6.565570
Log-likelihood
778.1717
SIC
−6.417906
FPE*
0.824459
HQ
−6.506032
FPE information criteria have been calculated using the ( formula, where is the number of observation, is the number of parameters, and RSS is the residual sum squares [80].
