Hypothesized No. of CE(s) | Eigenvalue | Trace Statistic | 0.05 Critical Value | Prob.** |
None * | 0.748 | 125.728 | 63.876 | 0.000 |
At most 1 * | 0.302 | 47.182 | 42.915 | 0.018 |
At most 2 * | 0.275 | 26.707 | 25.872 | 0.039 |
At most 3 | 0.137 | 8.379 | 12.518 | 0.222 |