Null Hypothesis

No. of Lags

F Statistic

P-value

Decision

e does not Granger caused by (y-*)

2

0.031

0.9695

Do not Reject

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

2

0.1361

0.8729

Do not Reject

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

2

3.6947

0.0292

Reject Ho