Series

Levels

First differences

Trend

ADF

PP

ADF

PP

M3

−2

−1.07

−10.51

−12.07

Positive

CIC

−2.32

−2.29

−11.10

−12.20

Positive

OD

−1.12

−1.94

−12.62

−12.93

Positive

DAM

−0.92

−1.29

−6.22

−7.07

Positive

DRN

−1.43

−1.75

−11.92

−12.59

Positive

MMF

−0.27

−0.056

−11.82

−12.81

Positive*

REP

−1.35

−1.30

−10.46

−14.4

Negative

DS

−1.48

−1.30

−13.87

−13.31

Positive*

C. V. MacKinnon

C. V. MacKinnon

*Very reduced

1%, 5%, 10%

1%, 5%, 10%

−4; −3.43; −3.139

−3.46; −2.87; −2.57