Hypothesized

No. of CE (s)

Eigenvalue

Trace

Statistics

0.05

Critical value

Prob***

None*

0.988484

186.0987

88.80380

0.0000

At most 1*

0.964485

105.7467

63.87610

0.0000

At most 2*

0.656337

45.66650

42.91525

0.0259

At most 3*

0.537682

26.44080

25.87211

0.0425

At most 4*

0.502137

12.55374

12.51798

0.0493