Suppose you have been given the following ordinary least squares (OLS) regression result Estimated Long Run Coefficients using the ARDL Approach ARDL (1,2,2,2,0,2) selected based on Akaike Information Criterion Dependent variable is LY 33 observations used for estimation from 1987 to 2019 Regressor Coefficient Standard Error LK 0

Suppose you have been given the following ordinary least squares (OLS) regression result Estimated Long Run Coefficients using the ARDL Approach ARDL (1,2,2,2,0,2) selected based on Akaike Information Criterion Dependent variable is LY 33 observations used for estimation from 1987 to 2019 Regressor Coefficient Standard Error LK 0.36068 0.077280 LM 0.45447 0.097363 LE 0.48751 0.061017 LF -0.41208 0.085800 LT 0.19057 0.079744 ? 0.52521 0.500320 where, T-Ratio [Prob.] 4.6671[0.000] 4.6678[0.051] 7.9897[0.043] -4.802[0.009) 2.3898[0.028] 1.0498[0.308] Y = Economic growth K = Capital M= Employment E = Electricity consumption F = Foreign direct investment T = Technology (i) Write the regression equation. Interpret the estimated coefficients. [6 Marks) (ii) Which explanatory variables are significant at the 1%, 5% and 10% level? Which variables are insignificant? Briefly explain. [2 Marks]