Full Professor, Colorado State University
WINNER'S CURSE:

Restricted Midpoint Results

Restricted s=1,m=3 (mid=1) (veteran winners) including bankrupt                                1
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 2074118221.3       .              .           .
Error           59   15102884.4 255981.09153
C Total         59 2089221105.7

    Root MSE     505.94574     R-square       0.9928
    Dep Mean   14375.93333     Adj R-sq       0.9928
    C.V.           3.51939

Parameter Estimates

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

INTERCEP   1   -764.400000   65.31731413       -11.703        0.0001
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1      -4251959  23089215.848        -0.184        0.8545


Restricted s=1,m=3 (mid=1) (veteran winners) including bankrupt                                2
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 3080103382.3       .              .           .
Error           89 17049132.889 191563.29089
C Total         89 3097152515.2

    Root MSE     437.67944     R-square       0.9945
    Dep Mean   14145.62222     Adj R-sq       0.9945
    C.V.           3.09410

Parameter Estimates

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

INTERCEP   1  -1020.111111   46.13546369       -22.111        0.0001
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1     -55340084  24723207.665        -2.238        0.0277


Restricted s=1,m=7 (mid=1) (veteran winners) including bankrupt                                3
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1744778884.8       .              .           .
Error           59 77448756.583 1312690.7895
C Total         59 1822227641.3

    Root MSE    1145.72719     R-square       0.9575
    Dep Mean   14969.66667     Adj R-sq       0.9575
    C.V.           7.65366

Parameter Estimates

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

INTERCEP   1   -537.083333  147.91274396        -3.631        0.0006
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1    -135884567  51450014.690        -2.641        0.0106


Restricted s=1,m=7 (mid=1) (veteran winners) including bankrupt                                4
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1921500083.9       .              .           .
Error           59 34610122.733 586612.24972
C Total         59 1956110206.6

    Root MSE     765.90616     R-square       0.9823
    Dep Mean   14493.41667     Adj R-sq       0.9823
    C.V.           5.28451

Parameter Estimates

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

INTERCEP   1   -977.766667   98.87806040        -9.889        0.0001
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1      -5741528  33673603.725        -0.171        0.8652


Restricted s=5,m=3 (mid=1) (veteran winners) including bankrupt                                5
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1957086161.5       .              .           .
Error           59   63262443.4 1072244.8034
C Total         59 2020348604.9

    Root MSE    1035.49254     R-square       0.9687
    Dep Mean   14392.45000     Adj R-sq       0.9687
    C.V.           7.19469

Parameter Estimates

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

INTERCEP   1   -417.100000  133.68151227        -3.120        0.0028
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1    -120152678  48540103.368        -2.475        0.0162


Restricted s=5,m=3 (mid=1) (veteran winners) including bankrupt                                6
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 2889887294.7       .              .           .
Error           89  114794660.4 1289827.6449
C Total         89 3004681955.1

    Root MSE    1135.70579     R-square       0.9618
    Dep Mean   14404.25556     Adj R-sq       0.9618
    C.V.           7.88452

Parameter Estimates

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

INTERCEP   1   -240.533333  119.71390177        -2.009        0.0475
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1    -153155931  64207055.932        -2.385        0.0192


Restricted s=5,m=7 (mid=1) (veteran winners) including bankrupt                                7
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 3701575783.9       .              .           .
Error          114    105720864       927376
C Total        114 3807296647.9

    Root MSE     963.00363     R-square       0.9722
    Dep Mean   14538.29565     Adj R-sq       0.9722
    C.V.           6.62391

Parameter Estimates

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

INTERCEP   1   -291.000000   89.80055195        -3.241        0.0016
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1    -166278867  61165011.284        -2.719        0.0076


Restricted s=5,m=7 (mid=1) (veteran winners) including bankrupt                                8
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1970846535.3       .              .           .
Error           59 55429357.733 939480.63955
C Total         59   2026275893

    Root MSE     969.26809     R-square       0.9726
    Dep Mean   14557.31667     Adj R-sq       0.9726
    C.V.           6.65829

Parameter Estimates

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

INTERCEP   1    -54.733333  125.13197297        -0.437        0.6634
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1     -97636462  45111276.800        -2.164        0.0345


Restricted s=1,m=3 (mid=1) (veteran winners)              11:31 Thursday, September 24, 1998   9

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1673376744.3       .              .           .
Error           45 9237166.6087 205270.36908
C Total         45   1682613911

    Root MSE     453.06773     R-square       0.9945
    Dep Mean   14587.60870     Adj R-sq       0.9945
    C.V.           3.10584

Parameter Estimates

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

INTERCEP   1   -904.173913   66.80119256       -13.535        0.0001
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1        552072  18527493.456         0.030        0.9764


Restricted s=1,m=3 (mid=1) (veteran winners)              11:31 Thursday, September 24, 1998  10

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 2689389228.5       .              .           .
Error           76 12332296.364 162267.05742
C Total         76 2701721524.9

    Root MSE     402.82385     R-square       0.9954
    Dep Mean   14253.96104     Adj R-sq       0.9954
    C.V.           2.82605

Parameter Estimates

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

INTERCEP   1  -1099.090909   45.90603862       -23.942        0.0001
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1     -44239575  21231027.473        -2.084        0.0405


Restricted s=1,m=7 (mid=1) (veteran winners)              11:31 Thursday, September 24, 1998  11

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1051114452.8       .              .           .
Error           33 11847317.441 359009.61943
C Total         33 1062961770.3

    Root MSE     599.17411     R-square       0.9889
    Dep Mean   15912.14706     Adj R-sq       0.9889
    C.V.           3.76551

Parameter Estimates

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

INTERCEP   1  -1121.676471  102.75751288       -10.916        0.0001
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1       -509656  19435177.965        -0.026        0.9792


Restricted s=1,m=7 (mid=1) (veteran winners)              11:31 Thursday, September 24, 1998  12

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1257510640.2       .              .           .
Error           38 9036866.9231 237812.28745
C Total         38 1266547507.1

    Root MSE     487.66001     R-square       0.9929
    Dep Mean   14927.84615     Adj R-sq       0.9929
    C.V.           3.26678

Parameter Estimates

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

INTERCEP   1  -1340.769231   78.08809743       -17.170        0.0001
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1      18525912  17036434.562         1.087        0.2837


Restricted s=5,m=3 (mid=1) (veteran winners)              11:31 Thursday, September 24, 1998  13

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1659036887.7       .              .           .
Error           48 44874545.265 934886.35969
C Total         48   1703911433

    Root MSE     966.89522     R-square       0.9737
    Dep Mean   14751.97959     Adj R-sq       0.9737
    C.V.           6.55434

Parameter Estimates

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

INTERCEP   1   -526.122449  138.12788807        -3.809        0.0004
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1     -82998099  41306156.182        -2.009        0.0501


Restricted s=5,m=3 (mid=1) (veteran winners)              11:31 Thursday, September 24, 1998  14

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 2600838701.6       .              .           .
Error           81    100470200 1240372.8395
C Total         81 2701308901.6

    Root MSE    1113.72027     R-square       0.9628
    Dep Mean   14686.74390     Adj R-sq       0.9628
    C.V.           7.58317

Parameter Estimates

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

INTERCEP   1   -288.000000  122.98982902        -2.342        0.0217
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1    -126062233  59487292.973        -2.119        0.0371


Restricted s=5,m=7 (mid=1) (veteran winners)              11:31 Thursday, September 24, 1998  15

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 3014243441.2       .              .           .
Error           89 80847520.722 908399.10924
C Total         89   3095090962

    Root MSE     953.09974     R-square       0.9739
    Dep Mean   14730.42222     Adj R-sq       0.9739
    C.V.           6.47028

Parameter Estimates

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

INTERCEP   1   -389.944444  100.46553357        -3.881        0.0002
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1    -108721230  54181736.717        -2.007        0.0478


Restricted s=5,m=7 (mid=1) (veteran winners)              11:31 Thursday, September 24, 1998  16

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1825492990.7       .              .           .
Error           52 51845085.245  997020.8701
C Total         52 1877338075.9

    Root MSE     998.50932     R-square       0.9724
    Dep Mean   14251.96226     Adj R-sq       0.9724
    C.V.           7.00612

Parameter Estimates

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

INTERCEP   1    -31.490566  137.15580385        -0.230        0.8193
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1     -88751452  44688127.172        -1.986        0.0523


Restricted s=1,m=3 (mid=1) (intermediate winners) including bankrupt                          17
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1469849335.8       .              .           .
Error           59    7854722.6 133130.89153
C Total         59 1477704058.4

    Root MSE     364.87106     R-square       0.9947
    Dep Mean   13714.60000     Adj R-sq       0.9947
    C.V.           2.66046

Parameter Estimates

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

INTERCEP   1   -750.300000   47.10465149       -15.928        0.0001
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1       2607554  13963812.533         0.187        0.8525


Restricted s=1,m=3 (mid=1) (intermediate winners) including bankrupt                          18
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 2124326142.7       .              .           .
Error           89   28525236.9 320508.27978
C Total         89 2152851379.6

    Root MSE     566.13451     R-square       0.9868
    Dep Mean   13647.60000     Adj R-sq       0.9868
    C.V.           4.14823

Parameter Estimates

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

INTERCEP   1   -776.700000   59.67581678       -13.015        0.0001
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1     -44142361  26630060.122        -1.658        0.1009


Restricted s=1,m=7 (mid=1) (intermediate winners) including bankrupt                          19
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1349695823.2       .              .           .
Error           57 39519332.776 693321.62765
C Total         57 1389215155.9

    Root MSE     832.65937     R-square       0.9716
    Dep Mean   14318.03448     Adj R-sq       0.9716
    C.V.           5.81546

Parameter Estimates

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

INTERCEP   1   -493.672414  109.33353176        -4.515        0.0001
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1      34098276  29807568.856         1.144        0.2574


Restricted s=1,m=7 (mid=1) (intermediate winners) including bankrupt                          20
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1364012668.0       .              .           .
Error           59 43134448.983 731092.35565
C Total         59   1407147117

    Root MSE     855.03939     R-square       0.9693
    Dep Mean   14120.98333     Adj R-sq       0.9693
    C.V.           6.05510

Parameter Estimates

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

INTERCEP   1   -421.016667  110.38511038        -3.814        0.0003
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1     -18510544  32004453.893        -0.578        0.5652


Restricted s=5,m=3 (mid=1) (intermediate winners) including bankrupt                          21
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 2062995657.6       .              .           .
Error           86  79793854.23  927835.5143
C Total         86 2142789511.8

    Root MSE     963.24219     R-square       0.9628
    Dep Mean   13409.28736     Adj R-sq       0.9628
    C.V.           7.18340

Parameter Estimates

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

INTERCEP   1   -408.701149  103.27040247        -3.958        0.0002
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1     -27852881  44337415.585        -0.628        0.5315


Restricted s=5,m=3 (mid=1) (intermediate winners) including bankrupt                          22
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 2097310771.9       .              .           .
Error           89   72553072.5  815203.0618
C Total         89 2169863844.4

    Root MSE     902.88596     R-square       0.9666
    Dep Mean   13657.46667     Adj R-sq       0.9666
    C.V.           6.61093

Parameter Estimates

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

INTERCEP   1   -157.833333   95.17253699        -1.658        0.1008
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1    -108247541  43430652.950        -2.492        0.0145


Restricted s=5,m=7 (mid=1) (intermediate winners) including bankrupt                          23
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 3843032715.2       .              .           .
Error          171 202189038.12 1182392.0358
C Total        171 4045221753.3

    Root MSE    1087.37852     R-square       0.9500
    Dep Mean   14081.40116     Adj R-sq       0.9500
    C.V.           7.72209

Parameter Estimates

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

INTERCEP   1    -44.895349   82.91183450        -0.541        0.5889
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1    -163767334  70222828.620        -2.332        0.0209


Restricted s=5,m=7 (mid=1) (intermediate winners) including bankrupt                          24
                                                              11:31 Thursday, September 24, 1998

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1328550669.6       .              .           .
Error           57 57374927.879 1006577.6821
C Total         57 1385925597.5

    Root MSE    1003.28345     R-square       0.9586
    Dep Mean   13891.20690     Adj R-sq       0.9586
    C.V.           7.22244

Parameter Estimates

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

INTERCEP   1   -358.396552  131.73757104        -2.721        0.0086
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1     -68853514  38417473.562        -1.792        0.0784


Restricted s=1,m=3 (mid=1) (intermediate winners)         11:31 Thursday, September 24, 1998  25

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 621635458.90       .              .           .
Error           29    1020372.3 35185.251724
C Total         29  622655831.2

    Root MSE     187.57732     R-square       0.9984
    Dep Mean   12695.40000     Adj R-sq       0.9984
    C.V.           1.47752

Parameter Estimates

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

INTERCEP   1  -1035.300000   34.24677684       -30.231        0.0001
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1       6280870  4629299.3095         1.357        0.1853


Restricted s=1,m=3 (mid=1) (intermediate winners)         11:31 Thursday, September 24, 1998  26

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1694073654.3       .              .           .
Error           62 21431046.317 345662.03738
C Total         62 1715504700.6

    Root MSE     587.93030     R-square       0.9875
    Dep Mean   14032.63492     Adj R-sq       0.9875
    C.V.           4.18974

Parameter Estimates

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

INTERCEP   1   -935.349206   74.07225531       -12.628        0.0001
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1     -30160862  24625756.457        -1.225        0.2253


Restricted s=1,m=7 (mid=1) (intermediate winners)         11:31 Thursday, September 24, 1998  27

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 723818891.71       .              .           .
Error           34 6894720.9714 202785.91092
C Total         34 730713612.69

    Root MSE     450.31757     R-square       0.9906
    Dep Mean   13284.54286     Adj R-sq       0.9906
    C.V.           3.38979

Parameter Estimates

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

INTERCEP   1  -1006.971429   76.11756150       -13.229        0.0001
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1      19409361  11785940.064         1.647        0.1088


Restricted s=1,m=7 (mid=1) (intermediate winners)         11:31 Thursday, September 24, 1998  28

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 391084155.47       .              .           .
Error           18 6059852.6316 336658.47953
C Total         18 397144008.11

    Root MSE     580.22278     R-square       0.9847
    Dep Mean   12948.31579     Adj R-sq       0.9847
    C.V.           4.48107

Parameter Estimates

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

INTERCEP   1  -1147.578947  133.11223589        -8.621        0.0001
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1      -4948465  11618678.181        -0.426        0.6752


Restricted s=5,m=3 (mid=1) (intermediate winners)         11:31 Thursday, September 24, 1998  29

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1958440078.3       .              .           .
Error           82 73919886.289 901462.02792
C Total         82 2032359964.6

    Root MSE     949.45354     R-square       0.9636
    Dep Mean   13456.72289     Adj R-sq       0.9636
    C.V.           7.05561

Parameter Estimates

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

INTERCEP   1   -438.180723  104.21606540        -4.205        0.0001
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1     -32111188  42700742.367        -0.752        0.4542


Restricted s=5,m=3 (mid=1) (intermediate winners)         11:31 Thursday, September 24, 1998  30

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1944158794.9       .              .           .
Error           74 64164564.987 867088.71604
C Total         74 2008323359.9

    Root MSE     931.17599     R-square       0.9681
    Dep Mean   13414.88000     Adj R-sq       0.9681
    C.V.           6.94137

Parameter Estimates

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

INTERCEP   1   -231.346667  107.52294118        -2.152        0.0347
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1    -104236044  43203263.170        -2.413        0.0183


Restricted s=5,m=7 (mid=1) (intermediate winners)         11:31 Thursday, September 24, 1998  31

GRPSIZE=1

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 2857720257.9       .              .           .
Error          109 124481758.37 1142034.4805
C Total        109 2982202016.3

    Root MSE    1068.66013     R-square       0.9583
    Dep Mean   13665.28182     Adj R-sq       0.9583
    C.V.           7.82026

Parameter Estimates

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

INTERCEP   1   -278.754545  101.89274577        -2.736        0.0073
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1     -92397929  58946232.379        -1.567        0.1199


Restricted s=5,m=7 (mid=1) (intermediate winners)         11:31 Thursday, September 24, 1998  32

GRPSIZE=5

Model: MODEL1
NOTE: Restrictions have been applied to parameter estimates.
Dependent Variable: BID

Analysis of Variance

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

Model            0 1116593504.4       .              .           .
Error           48 42858331.265 892881.90136
C Total         48 1159451835.7

    Root MSE     944.92428     R-square       0.9630
    Dep Mean   13494.91837     Adj R-sq       0.9630
    C.V.           7.00207

Parameter Estimates

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

INTERCEP   1   -453.122449  134.98918334        -3.357        0.0015
MID        1      1.000000    0.00000000          .            .
RESTRICT  -1     -95234180  34162141.067        -2.788        0.0076
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