Null Hypothesis:

Obs

F-Statistic

Prob.

COCOA does not Granger Cause M2

273

2.46760

0.0136

M2 does not Granger Cause COCOA

13.4519

3.E-16

CRUDE does not Granger Cause M2

273

6.66578

6.E-08

M2 does not Granger Cause CRUDE

7.32371

9.E-09

GOLD does not Granger Cause M2

273

7.69450

3.E-09

M2 does not Granger Cause GOLD

5.38840

3.E-06

CRUDE does not Granger Cause COCOA

273

9.82071

7.E-12

COCOA does not Granger Cause CRUDE

5.18408

5.E-06

GOLD does not Granger Cause COCOA

273

6.94529

3.E-08

COCOA does not Granger Cause GOLD

1.39736

0.1978

GOLD does not Granger Cause CRUDE

273

4.75360

2.E-05

CRUDE does not Granger Cause GOLD

7.25292

1.E-08