Hypothesized

No. of CE (s)

Trace

Statistic

0.05

Critical Value

P

Value

None

428.5955

159.5297

0.0000

At most 1

302.4077

125.6154

0.0000

At most 2

214.2237

95.75366

0.0000

At most 3

130.2251

69.81889

0.0000

At most 4

58.91598

47.85613

0.0033

At most 5

29.32623

29.79707

0.0566

At most 6

11.15533

15.49471

0.2021

At most 7

0.000273

3.841466

0.9889