Trace statistic

Critical value

Prob.**

Max-Eigen

Statistic

Critical value

Prob.**

None *

At most 1 *

At most 2 *

At most 3

At most 4

125.2629

72.63127

34.74131

10.66412

1.723530

69.81889

47.85613

29.79707

15.49471

3.841466

0.0000

0.0001

0.0124

0.2330

0.1892

52.63160

37.88995

24.07719

8.940593

1.723530

33.87687

27.58434

21.13162

14.26460

3.841466

0.0001

0.0017

0.0187

0.2911

0.1892