Hypothesized No. of CE(s) | Eigenvalue | Trace Statistic | 0.05 Critical Value | P-value |
None * | 0.473796 | 49.30788 | 47.85613 | 0.0363 |
At most 1 | 0.299842 | 23.62525 | 29.79707 | 0.2167 |
At most 2 | 0.151958 | 9.367258 | 15.49471 | 0.3325 |
At most 3 | 0.067005 | 2.774235 | 3.841466 | 0.0958 |