표 12 조화분석 결과(2003.08-2015.07)

g_HPIt=0.0314(16.392)+0.0308cos(2πt/48)(11.359)-0.0098sin(2πt/48)(−3.607)+εt
t값: (Adj R2: 0.4948)
g_CPIt=0.0267(31.231)+0.0039cos(2πt/48)(3.259)+0.0075sin(2πt/48)(6.175)+εt
t값: (Adj R2: 0.2464)