Null Hypothesis

No. of Lags

F Statistic

P-value

Decision

e does not Granger caused by (y-y*)

2

5.01759

0.0079

Reject Ho

e does not Granger caused by (m-m*)

2

2.40288

0.0943

Reject Ho

e does not Granger caused by (i-i*)

2

0.01946

0.9807

Do not Reject