| Number of Cointegration Equations per Model (significance at 5%) | |||||
| Data Trend: | None | None | Linear | Linear | Quadratic |
| Type of Test | No intercept No trend | No intercept No trend | No intercept No trend | No intercept No trend | No intercept No trend |
| Ratio of likelihood | 3 | 2 | 3 | 3 | 3 |
| Optimal proper value | 3 | 3 | 3 | 3 | 3 |