Null hypothesis | Alternative hypothesis | Coefficient | Critical values 95% | Prob |
---|---|---|---|---|
Trace Test | ||||
r = 0 | 1 = r | 264.9716 | 159.5297 | 0.0000 |
r≤1 | 2 = r | 168.5711 | 125.6154 | 0.0000 |
r≤2 | 3 = r | 95.74869 | 95.75366 | 0.0500 |
r≤4 | 4 = r | 62.09743 | 69.81889 | 0.1767 |
r ≤ 4 | 5 = r | 40.41922 | 47.85613 | 0.2079 |
λmax Test | ||||
r = 0 | r ≥ 1 | 96.40047 | 52.36261 | 0.0000 |
r ≤ 1 | r ≥ 2 | 72.82243 | 46.23142 | 0.0000 |
r ≤ 2 | r ≥ 3 | 33.65125 | 40.07757 | 0.2211 |
r ≤ 3 | r ≥ 4 | 21.67821 | 33.87687 | 0.6325 |
r ≤ 4 | r ≥ 5 | 3.525272 | 3.841466 | 0.0604 |