Null(Alt) | Model-1 | Model-2 | Model-3 | ||||||
Eigenvalue | Trace Statistic | 5% Critical Value | Eigenvalue | Trace Statistic | 5% Critical Value | Eigenvalue | Trace Statistic | 5% Critical Value | |
r = 0 | 0.344280 | 226.6565* | 76.97277 | 0.343899 | 225.5307* | 69.81889 | 0.349888 | 256.9177* | 88.80380 |
r ≤ 1 (r > 1) | 0.230203 | 120.3071* | 54.07904 | 0.229978 | 119.3277* | 47.85613 | 0.231900 | 148.4039* | 63.87610 |
r ≤ 2 (r > 2) | 0.156440 | 54.37659* | 35.19275 | 0.156270 | 53.47104* | 29.79707 | 0.158628 | 81.91727* | 42.91525 |
r ≤ 3 (r > 3) | 0.034451 | 11.50519 | 20.26184 | 0.033778 | 10.65063 | 15.49471 | 0.111668 | 38.39143* | 25.87211 |
r ≤ 4 (r > 4) | 0.010541 | 2.670534 | 9.164546 | 0.007871 | 1.991434 | 3.841466 | 0.033368 | 8.552291 | 12.51798 |