Null hypothesis: H0

Eigenvalue

Trace statistic

5% Critical value

r = 0

81.5151

47.21

r ≤ 1

0.7479

36.0379

29.68

r ≤ 2

0.4585

15.7934

15.41

r ≤ 3

0.2855

4.7018

3.76

r ≤ 4

0.1328