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 |