M1 Money Aggregate | ||||||
Lags | Calculated F-test | Optimal lags | Ecm (−1) | F-test at Optimal lags | 95% Lower Bound | 95% Upper Bound |
2 | 3.5064* (0.021) | (2, 0, 2, 1) | −0.2070** (0.009) | 6.2439 | 3.5314 | 4.7607 |
4 | 2.0734 (0.135) | (1, 3, 3, 0) | −0.1091 (0.147) | 7.0495 | 3.5866 | 4.8454 |
6 | 1.4315 (0.346) | (2, 4, 0, 0) | 0.1197 (0.118) | 4.1642 | 3.6207 | 4.8629 |