2. Following is the result (abstract) of the exponential trend model estimated for NYSE volume Dependent Variable: NYSEVOL Sample: 1900M01 2004M04 Included observations: 1252 NYSEVOL=C(1) *EXP(C(2) *T) C(1) C(2) Coefficient 0.001764 0.01346 Std. Error t-Statistic Prob. 0.000253 6.980175 0.000118 114.069 0 0

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