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Table 5 The results of the state-space model

From: The impact of relative energy prices on industrial energy consumption in China: a consideration of inflation costs

Energy consumption State parameter Final state Root MSE z-statistic Prob.
C1 SV_Y 0.800249 0.062752 12.75255 0.0000***
SV_S −0.866024 0.219378 −3.947634 0.0001***
SV_E 3.414087 0.183423 18.61323 0.0000***
SV_P 0.041590 0.106340 0.391105 0.6957
C2 SV_Y −0.199939 0.062757 −3.185908 0.0014***
SV_S −0.866359 0.219397 −3.948824 0.0001***
SV_E 3.412813 0.183438 18.60470 0.0000***
  SV_P 0.041810 0.106349 0.393139 0.6942
  1. *, **, *** Rejection of the null hypothesis at the 10, 5 and 1 % confidence levels, respectively