Full Professor, Colorado State University
WINNER'S CURSE:

Restricted Intercept Results

Restricted s=1,m=3 (intercept=theory) (veteran winners) including bankrupt                     1
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  14473955683  14473955683    55767.307       0.0001
Error           59 15312975.264 259541.95363
U Total         60  14489268658

    Root MSE     509.45260     R-square       0.9989
    Dep Mean   14375.93333     Adj R-sq       0.9989
    C.V.           3.54379

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -900.000000    0.00000000          .            .
MID        1      1.007510    0.00404833       248.871        0.0001
RESTRICT  -1   1313.857531  1431.0551389         0.918        0.3623


Restricted s=1,m=3 (intercept=theory) (veteran winners) including bankrupt                     2
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  21089694188  21089694188   114906.627       0.0001
Error           89 16334852.281 183537.66608
U Total         90  21106029040

    Root MSE     428.41296     R-square       0.9992
    Dep Mean   14145.62222     Adj R-sq       0.9992
    C.V.           3.02859

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -900.000000    0.00000000          .            .
MID        1      0.990821    0.00277171       357.477        0.0001
RESTRICT  -1   1717.912588  1485.3122677         1.157        0.2505


Restricted s=1,m=7 (intercept=theory) (veteran winners) including bankrupt                     3
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  15173994724  15173994724     9555.808       0.0001
Error           59  93688123.81 1587934.3019
U Total         60  15267682848

    Root MSE    1260.13265     R-square       0.9939
    Dep Mean   14969.66667     Adj R-sq       0.9938
    C.V.           8.41791

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1  -1350.000000    0.00000000          .            .
MID        1      1.037731    0.00982678       105.602        0.0001
RESTRICT  -1         13670  3418.1494233         3.999        0.0002


Restricted s=1,m=7 (intercept=theory) (veteran winners) including bankrupt                     4
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  14523819990  14523819990    23910.646       0.0001
Error           59 35837817.459  607420.6349
U Total         60  14559657807

    Root MSE     779.37195     R-square       0.9975
    Dep Mean   14493.41667     Adj R-sq       0.9975
    C.V.           5.37742

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1  -1350.000000    0.00000000          .            .
MID        1      1.020853    0.00610555       167.201        0.0001
RESTRICT  -1   2976.534139  2079.2886816         1.432        0.1576


Restricted s=5,m=3 (intercept=theory) (veteran winners) including bankrupt                     5
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  14387766371  14387766371    13884.340       0.0001
Error           59 61139253.788 1036258.5388
U Total         60  14448905625

    Root MSE    1017.96785     R-square       0.9958
    Dep Mean   14392.45000     Adj R-sq       0.9957
    C.V.           7.07293

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -327.000000    0.00000000          .            .
MID        1      0.986963    0.00821456       120.148        0.0001
RESTRICT  -1   6178.734343  2982.7279291         2.072        0.0427


Restricted s=5,m=3 (intercept=theory) (veteran winners) including bankrupt                     6
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  21562714707  21562714707    16629.927       0.0001
Error           89 115399278.49 1296621.1066
U Total         90  21678113985

    Root MSE    1138.69272     R-square       0.9947
    Dep Mean   14404.25556     Adj R-sq       0.9946
    C.V.           7.90525

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -327.000000    0.00000000          .            .
MID        1      0.998258    0.00759154       131.496        0.0001
RESTRICT  -1         10078  4071.6278670         2.475        0.0152


Restricted s=5,m=7 (intercept=theory) (veteran winners) including bankrupt                     7
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  28003492313  28003492313    28906.441       0.0001
Error          114 110438989.44 968763.06525
U Total        115  28113931302

    Root MSE     984.25762     R-square       0.9961
    Dep Mean   14538.29565     Adj R-sq       0.9960
    C.V.           6.77010

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -535.000000    0.00000000          .            .
MID        1      1.008520    0.00574778       175.462        0.0001
RESTRICT  -1         13531  3914.9347964         3.456        0.0008


Restricted s=5,m=7 (intercept=theory) (veteran winners) including bankrupt                     8
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  14678919622  14678919622    13904.870       0.0001
Error           59 62284383.157 1055667.5111
U Total         60  14741204005

    Root MSE    1027.45682     R-square       0.9958
    Dep Mean   14557.31667     Adj R-sq       0.9957
    C.V.           7.05801

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -535.000000    0.00000000          .            .
MID        1      1.021595    0.00839563       121.682        0.0001
RESTRICT  -1   9883.195139  3026.7065273         3.265        0.0018


Restricted s=1,m=3 (intercept=theory) (veteran winners)                                        9
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  11462099468  11462099468    55836.982       0.0001
Error           45 9237506.4084 205277.92019
U Total         46  11471336974

    Root MSE     453.07606     R-square       0.9992
    Dep Mean   14587.60870     Adj R-sq       0.9992
    C.V.           3.10590

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -900.000000    0.00000000          .            .
MID        1      0.999809    0.00401849       248.802        0.0001
RESTRICT  -1    -56.206099  1114.5399610        -0.050        0.9600


Restricted s=1,m=3 (intercept=theory) (veteran winners)                                       10
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  18334578902  18334578902   119619.551       0.0001
Error           76 11648831.495 153274.09862
U Total         77  18346227733

    Root MSE     391.50236     R-square       0.9994
    Dep Mean   14253.96104     Adj R-sq       0.9994
    C.V.           2.74662

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -900.000000    0.00000000          .            .
MID        1      0.986640    0.00270627       364.576        0.0001
RESTRICT  -1    464.193035  1251.6172777         0.371        0.7118


Restricted s=1,m=7 (intercept=theory) (veteran winners)                                       11
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1 9659609727.8 9659609727.8    26496.671       0.0001
Error           33 12030459.237  364559.3708
U Total         34   9671640187

    Root MSE     603.78752     R-square       0.9988
    Dep Mean   15912.14706     Adj R-sq       0.9987
    C.V.           3.79451

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1  -1350.000000    0.00000000          .            .
MID        1      1.012066    0.00577866       175.139        0.0001
RESTRICT  -1    775.182776  1092.9542724         0.709        0.4831


Restricted s=1,m=7 (intercept=theory) (veteran winners)                                       12
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1 9948341864.3 9948341864.3    42056.991       0.0001
Error           38 8988683.6871 236544.30756
U Total         39   9957330548

    Root MSE     486.35821     R-square       0.9991
    Dep Mean   14927.84615     Adj R-sq       0.9991
    C.V.           3.25806

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1  -1350.000000    0.00000000          .            .
MID        1      1.002112    0.00452696       221.366        0.0001
RESTRICT  -1   -980.279569  987.64321820        -0.993        0.3272


Restricted s=5,m=3 (intercept=theory) (veteran winners)                                       13
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  12324578890  12324578890    13835.944       0.0001
Error           48 42756735.289 890765.31852
U Total         49  12367335625

    Root MSE     943.80364     R-square       0.9965
    Dep Mean   14751.97959     Adj R-sq       0.9965
    C.V.           6.39781

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -327.000000    0.00000000          .            .
MID        1      0.982502    0.00819534       119.886        0.0001
RESTRICT  -1   3342.305487  2450.7566429         1.364        0.1790


Restricted s=5,m=3 (intercept=theory) (veteran winners)                                       14
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  20288438290  20288438290    16383.302       0.0001
Error           81 100307221.27 1238360.7564
U Total         82  20388745511

    Root MSE    1112.81659     R-square       0.9951
    Dep Mean   14686.74390     Adj R-sq       0.9950
    C.V.           7.57701

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -327.000000    0.00000000          .            .
MID        1      0.996320    0.00763550       130.485        0.0001
RESTRICT  -1   7717.156995  3693.1103995         2.090        0.0398


Restricted s=5,m=7 (intercept=theory) (veteran winners)                                       15
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  22541360516  22541360516    24343.625       0.0001
Error           89 82410941.677 925965.63682
U Total         90  22623771458

    Root MSE     962.27108     R-square       0.9964
    Dep Mean   14730.42222     Adj R-sq       0.9963
    C.V.           6.53254

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -535.000000    0.00000000          .            .
MID        1      1.003725    0.00623643       160.945        0.0001
RESTRICT  -1   7986.443962  3363.3494183         2.375        0.0197


Restricted s=5,m=7 (intercept=theory) (veteran winners)                                       16
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  12584005034  12584005034    11164.837       0.0001
Error           52 58609746.229 1127110.5044
U Total         53  12642614780

    Root MSE    1061.65461     R-square       0.9954
    Dep Mean   14251.96226     Adj R-sq       0.9953
    C.V.           7.44918

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -535.000000    0.00000000          .            .
MID        1      1.022817    0.00937797       109.066        0.0001
RESTRICT  -1   9413.217640  3055.5309594         3.081        0.0033


Restricted s=1,m=3 (intercept=theory) (intermediate winners) including bankrupt               17
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  12755172862  12755172862    94704.088       0.0001
Error           59 7946385.5533  134684.5009
U Total         60  12763119248

    Root MSE     366.99387     R-square       0.9994
    Dep Mean   13714.60000     Adj R-sq       0.9994
    C.V.           2.67594

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -900.000000    0.00000000          .            .
MID        1      1.009454    0.00309960       325.672        0.0001
RESTRICT  -1    776.984681  918.85328944         0.846        0.4012


Restricted s=1,m=3 (intercept=theory) (intermediate winners) including bankrupt               18
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  18886728418  18886728418    57464.010       0.0001
Error           89 29251680.007 328670.56188
U Total         90  18915980098

    Root MSE     573.29797     R-square       0.9985
    Dep Mean   13647.60000     Adj R-sq       0.9984
    C.V.           4.20072

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -900.000000    0.00000000          .            .
MID        1      1.005537    0.00396198       253.796        0.0001
RESTRICT  -1   3909.551445  1768.0154932         2.211        0.0296


Restricted s=1,m=7 (intercept=theory) (intermediate winners) including bankrupt               19
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  13239823809  13239823809    18987.409       0.0001
Error           57 39745811.011 697294.93002
U Total         58  13279569620

    Root MSE     835.04187     R-square       0.9970
    Dep Mean   14318.03448     Adj R-sq       0.9970
    C.V.           5.83210

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1  -1350.000000    0.00000000          .            .
MID        1      1.054959    0.00705590       149.514        0.0001
RESTRICT  -1   2452.898351  1923.6476425         1.275        0.2074


Restricted s=1,m=7 (intercept=theory) (intermediate winners) including bankrupt               20
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  13320888303  13320888303    15597.291       0.0001
Error           59   50389032.2 854051.39322
U Total         60  13371277335

    Root MSE     924.14901     R-square       0.9962
    Dep Mean   14120.98333     Adj R-sq       0.9962
    C.V.           6.54451

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1  -1350.000000    0.00000000          .            .
MID        1      1.056216    0.00778572       135.661        0.0001
RESTRICT  -1   6689.017779  2257.3476984         2.963        0.0044


Restricted s=5,m=3 (intercept=theory) (intermediate winners) including bankrupt               21
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  17706645402  17706645402    19148.093       0.0001
Error           86 79526013.637 924721.08881
U Total         87  17786171416

    Root MSE     961.62419     R-square       0.9955
    Dep Mean   13409.28736     Adj R-sq       0.9955
    C.V.           7.17133

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -327.000000    0.00000000          .            .
MID        1      0.993269    0.00702642       141.362        0.0001
RESTRICT  -1    983.653412  3016.6757856         0.326        0.7452


Restricted s=5,m=3 (intercept=theory) (intermediate winners) including bankrupt               22
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  18882645547  18882645547    22529.391       0.0001
Error           89 74593915.431 838133.88125
U Total         90  18957239462

    Root MSE     915.49652     R-square       0.9961
    Dep Mean   13657.46667     Adj R-sq       0.9960
    C.V.           6.70327

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -327.000000    0.00000000          .            .
MID        1      1.005238    0.00655745       153.297        0.0001
RESTRICT  -1   8712.556123  2992.3992421         2.912        0.0045


Restricted s=5,m=7 (intercept=theory) (intermediate winners) including bankrupt               23
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  37934288449  37934288449    30017.276       0.0001
Error          171 216101002.09 1263748.5502
U Total        172  38150389451

    Root MSE    1124.16571     R-square       0.9943
    Dep Mean   14081.40116     Adj R-sq       0.9943
    C.V.           7.98334

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -535.000000    0.00000000          .            .
MID        1      1.026681    0.00572976       179.184        0.0001
RESTRICT  -1         19470  4852.8639900         4.012        0.0001


Restricted s=5,m=7 (intercept=theory) (intermediate winners) including bankrupt               24
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  12519197129  12519197129    12149.397       0.0001
Error           57 58734952.598 1030437.7649
U Total         58  12577932082

    Root MSE    1015.10480     R-square       0.9953
    Dep Mean   13891.20690     Adj R-sq       0.9952
    C.V.           7.30753

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -535.000000    0.00000000          .            .
MID        1      1.005822    0.00882092       114.027        0.0001
RESTRICT  -1   5431.057118  2572.3681151         2.111        0.0391


Restricted s=1,m=3 (intercept=theory) (intermediate winners)                                  25
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1 5456672052.5 5456672052.5   134194.101       0.0001
Error           29 1179213.4576 40662.533021
U Total         30   5457851266

    Root MSE     201.64953     R-square       0.9998
    Dep Mean   12695.40000     Adj R-sq       0.9998
    C.V.           1.58837

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -900.000000    0.00000000          .            .
MID        1      0.992107    0.00254762       389.424        0.0001
RESTRICT  -1   -807.569417  344.37446232        -2.345        0.0261


Restricted s=1,m=3 (intercept=theory) (intermediate winners)                                  26
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  14099884082  14099884082    41127.423       0.0001
Error           62 21255715.673 342834.12376
U Total         63  14121139798

    Root MSE     585.52039     R-square       0.9985
    Dep Mean   14032.63492     Adj R-sq       0.9985
    C.V.           4.17256

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -900.000000    0.00000000          .            .
MID        1      0.995999    0.00464802       214.285        0.0001
RESTRICT  -1   1546.046967  1545.2613356         1.001        0.3210


Restricted s=1,m=7 (intercept=theory) (intermediate winners)                                  27
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1   6901124881   6901124881    36913.155       0.0001
Error           34 6356493.9608 186955.70473
U Total         35   6907481375

    Root MSE     432.38375     R-square       0.9991
    Dep Mean   13284.54286     Adj R-sq       0.9991
    C.V.           3.25479

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1  -1350.000000    0.00000000          .            .
MID        1      1.024381    0.00488525       209.688        0.0001
RESTRICT  -1   -189.503898  756.42592506        -0.251        0.8037


Restricted s=1,m=7 (intercept=theory) (intermediate winners)                                  28
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1 3576405546.5 3576405546.5    10288.170       0.0001
Error           18 6257215.5465 347623.08591
U Total         19   3582662762

    Root MSE     589.59570     R-square       0.9983
    Dep Mean   12948.31579     Adj R-sq       0.9982
    C.V.           4.55345

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1  -1350.000000    0.00000000          .            .
MID        1      1.011797    0.00912358       110.899        0.0001
RESTRICT  -1    686.629101  796.34979203         0.862        0.3999


Restricted s=5,m=3 ( intercept=theory) (intermediate winners)                                 29
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  16988759963  16988759963    18947.916       0.0001
Error           82 73521453.038 896603.08583
U Total         83  17062281416

    Root MSE     946.89127     R-square       0.9957
    Dep Mean   13456.72289     Adj R-sq       0.9956
    C.V.           7.03657

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -327.000000    0.00000000          .            .
MID        1      0.991116    0.00704845       140.615        0.0001
RESTRICT  -1   1017.766098  2887.9809548         0.352        0.7254


Restricted s=5,m=3 ( intercept=theory) (intermediate winners)                                 30
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  15440400476  15440400476    17619.426       0.0001
Error           74 64848289.898 876328.24187
U Total         75  15505248766

    Root MSE     936.12405     R-square       0.9958
    Dep Mean   13414.88000     Adj R-sq       0.9958
    C.V.           6.97825

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -327.000000    0.00000000          .            .
MID        1      0.999607    0.00737332       135.571        0.0001
RESTRICT  -1   7576.426362  2962.6374694         2.557        0.0126


Restricted s=5,m=7 (intercept=theory) (intermediate winners)                                  31
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  23395589176  23395589176    19922.055       0.0001
Error          109 128004828.79 1174356.2274
U Total        110  23523594005

    Root MSE    1083.67718     R-square       0.9946
    Dep Mean   13665.28182     Adj R-sq       0.9945
    C.V.           7.93015

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -535.000000    0.00000000          .            .
MID        1      1.012306    0.00693320       146.008        0.0001
RESTRICT  -1   9311.454100  4010.9440288         2.322        0.0221


Restricted s=5,m=7 (intercept=theory) (intermediate winners)                                  32
                                                              11:33 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
NOTE: Restrictions on intercept. R-square is redefined.
Dependent Variable: BID

Analysis of Variance

                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            1  10039935575  10039935575    11195.777       0.0001
Error           48 43044525.965  896760.9576
U Total         49  10082980101

    Root MSE     946.97463     R-square       0.9957
    Dep Mean   13494.91837     Adj R-sq       0.9956
    C.V.           7.01727

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1   -535.000000    0.00000000          .            .
MID        1      0.996377    0.00909548       109.546        0.0001
RESTRICT  -1   6488.258505  2301.8217883         2.819        0.0070
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