Lags

Copper Prodution

Crude Oil Price

Aluminum Price

Copper Inventorie

Exchange Rate

Industrial Prodution

F (p value)

F (p value)

F (p value)

F (p value)

F (p value)

F (p value)

1

0.153 (0.696)

0.100 (0.752)

0.004 (0.949)

0.591 (0.444)

0.885 (0.350)

0.442 (0.508)

2

0.351 (0.705)

0.156 (0.856)

2.337 (0.104)

0.796 (0.455)

1.443 (0.243)

0.847 (0.433)

3

0.065 (0.978)

0.243 (0.866)

2.102 (0.107)

1.000 (0.398)

1.811 (0.153)

1.188 (0.321)

4

0.348 (0.844)

0.498 (0.797)

2.139 (0.085)

1.448 (0.227)

1.106 (0.361)

1.372 (0.253)

5

0.428 (0.827)

0.584 (0.712)

3.373 (0.009)

1.049 (0.397)

0.731 (0.603)

1.196 (0.321)

6

0.393 (0.881)

0.526 (0.786)

3.017 (0.012)

0.995 (0.436)

1.217 (0.309)

2.050 (0.072)

7

0.323 (0.941)

0.325 (0.940)

2.199 (0.047)

0.700 (0.672)

1.201 (0.316)

2.655 (0.018)

8

0.284 (0.969)

0.321 (0.955)

2.247 (0.037)

0.558 (0.808)

1.019 (0.432)

2.561 (0.018)

9

0.312 (0.968)

0.278 (0.978)

1.897 (0.072)

0.446 (0.904)

1.021 (0.435)

2.339 (0.026)

10

0.308 (0.976)

0.594 (0.812)

1.592 (0.135)

0.459 (0.909)

0.959 (0.489)

2.059 (0.045)

11

0.307 (0.981)

0.707 (0.726)

1.615 (0.124)

0.404 (0.948)

0.933 (0.517)

1.920 (0.060)

12

0.259 (0.993)

0.806 (0.643)

1.704 (0.097)

0.352 (0.973)

0.995 (0.468)

1.817 (0.074)