Hypothesized

No. of CE (s)

Eigenvalue

Trace Statistic

Critical Value

Prob.

None

0.911187

195.1209

117.7082

0

At most 1

0.854589

124.9055

88.8038

0

At most 2

0.765977

68.98795

63.8761

0.0175

At most 3

0.417988

26.87019

42.91525

0.6886

At most 4

0.285848

11.17351

25.87211

0.8652

At most 5

0.047471

1.410407

12.51798

0.9933