Hypothesized

No. of CE(s)

Eigenvalue

Trace

Statistic

0.05

Critical Value

Prob. Value

None*

0.801702

669.3128

69.81889

0.0001

At most 1*

0.352341

204.9508

47.85613

0.0000

At most 2*

0.190995

80.28066

29.79707

0.0000

At most 3*

0.060278

19.45110

15.49471

0.0120

At most 4

0.005588

1.608121

3.841466

0.2048