Null Hypothesis:

Obs

F-Statistic

Prob.

COCOA does not Granger Cause M2

280

14.8609

0.0001

M2 does not Granger Cause COCOA

8.77275

0.0033

CRUDE does not Granger Cause M2

280

21.7955

5.E-06

M2 does not Granger Cause CRUDE

14.2910

0.0002

GOLD does not Granger Cause M2

280

47.8282

3.E-11

M2 does not Granger Cause GOLD

10.8162

0.0011

CRUDE does not Granger Cause COCOA

280

8.00615

0.0050

COCOA does not Granger Cause CRUDE

0.08142

0.7756

GOLD does not Granger Cause COCOA

280

5.50849

0.0196

COCOA does not Granger Cause GOLD

0.03643

0.8488

GOLD does not Granger Cause CRUDE

280

3.38438

0.0669

CRUDE does not Granger Cause GOLD

2.18043

0.1409