Model

F-Stat.

10%

5%

1%

I(0)

I(1)

I(0)

I(1)

I(0)

I(1)

SM = f(RPL, EXR)

211.24***

2.838

3.898

3.408

4.55

4.725

6.08

SM = f(ETH, EXR)

202.33***

SM = f(BIT, EXR)

244.17***

SM = f(CRY, EXR)

876.00***