Table 4.

Results of models (using data before event opening).

			Model 0		Model 1		Model 2		Model 3		Model 4		Model 5		Model 6
			W: Not Directed												W: Directed
			${\mathit{\rho }}_{\mathbf{0}}=\mathbf{0}$				${\mathit{\rho }}_{\mathbf{0}}\ne \mathbf{0}$		${\mathit{\rho }}_{\mathbf{0}}=\mathbf{0}$		${\mathit{\rho }}_{\mathbf{0}}\ne \mathbf{0}$
			${\mathit{\rho }}_{\mathbf{1}}={\mathit{\rho }}_{\mathbf{2}}=\mathbf{0}$		${\mathit{\rho }}_{\mathbf{1}}={\mathit{\rho }}_{\mathbf{2}}$		${\mathit{\rho }}_{\mathbf{1}}={\mathit{\rho }}_{\mathbf{2}}=\mathbf{0}$		${\mathit{\rho }}_{\mathbf{1}}={\mathit{\rho }}_{\mathbf{2}}$				${\mathit{\rho }}_{\mathbf{1}}\ne {\mathit{\rho }}_{\mathbf{2}}$
			${\mathit{\rho }}_{\mathbf{1}}^{\prime }={\mathit{\rho }}_{\mathbf{2}}^{\prime }=\mathbf{0}$
			Coef.		Coef.		Coef.		Coef.		Coef.		Coef.		Coef.
Intercept			−1757	**	−1854	**	−252.6		−1851	**	−275.0		−272.2		−322.7
$\mathit{P}$	${\mathit{Y}}_{\mathit{t}-\mathbf{1}}$	${\rho }_0$	-	-	-	-	0.9359	***	-	-	0.9351	***	0.9313	***	0.9270	***
		${\rho }_1$	-	-	-	-	-	-	0.01347	**	0.002912	*	0.007630	***	0.01315	***
		${\rho }_2$	-	-	-	-	-	-	0.01347	**	0.002912	*	−0.0007092		−0.0009989
	${\mathit{Y}}_{\mathit{t}}$	${\rho }_1$	-	-	0.001307	**	-	-	-	-	-	-	-	-	-	-
		${\rho }_2$	-	-	0.001307	**	-	-	-	-	-	-	-	-	-	-
Shop dummy			63.80		73.76		15.89		74.16		18.17		17.76		19.74
Time diff.			1.302	***	1.201	***	0.1108		1.193	***	0.08848		0.09618		0.08580
Distance(event)			−496.1	***	−421.6	***	−13.53		−421.0	***	2.264		−8.219		−2.353
Distance(station)			−71.35		44.41		−0.4857		49.12		25.50		28.89		44.48
Event scale			640.0	**	608.7	***	74.42		606.1	***	67.58		69.08		77.94
Normal pop.			0.9570	***	0.9493	***	0.06031	***	0.9491	***	0.05939	***	0.06615	***	0.06929	***
AIC			26,473		26,467		22,441		26,467		22,439		22,433		22,426
Samples			1645

***: 0.1% significant, **: 1% significant, *: 5% significant.