Hypothesis No of CE(S)

Eigenvalue

Trace Statistics

5% Critical Value

Prob**

None*

0.932780

122.4928**

69.81889

0.0000

At most 1

0.608130

52.29856*

47.85613

0.0180

At most 2*

0.560634

27.94108**

29.79707

0.0806