Hypothesized

Trace

0.05

No. of CE(s)

Eigenvalue

Statistic

Critical Value

Prob.**

None *

0.252748

134.6411

47.85613

0.0000

At most 1 *

0.108658

55.39320

29.79707

0.0000

At most 2 *

0.051865

24.10586

15.49471

0.0020

At most 3 *

0.034748

9.619578

3.841466

0.0019