| Hypothesis | Maximal Eigen Value Test | Trace Test | |||
| Null | Alternative | Statistic | 95% Critical Value | Statistic | 95% Critical Value |
| r = 0 | r = 1 | 36.8065 | 34.4000 | 78.9597 | 75.9800 |
| r ≤ 1 | r = 2 | 18.8899 | 28.2700 | 42.1532 | 53.4800 |
| r ≤ 2 | r = 3 | 13.4423 | 22.0400 | 23.1633 | 34.8700 |
| r ≤ 3 | r = 4 | 7.2909 | 15.8700 | 9.7210 | 20.1800 |