ABSTRACT
This chapter discusses the results of the descriptive statistics, emphasizing the essential variables’ central tendencies and dispersions. It aims to report the results of the unadjusted ordinary least squares (OLS) estimation, appraising the predictive powers of the individual models. The chapter presents the results of the visual diagnostics to identify the correct functional forms for the analysis. It provides the results of the estimations on the adjusted data and examines the explanatory and predictive powers of the individual models for the regional, national and commodity levels of analysis. The chapter focuses on the explanatory powers of the individual models and their determinants at the various stages of estimations--yielding some new insights into how to think about international trade relations. Upon examining the Durbin-Watson statistics and the scatter plots of residuals from the unadjusted OLS estimations, there appears to be some annual trends and/or autocorrelations.
