Hypothesized

No. of CE(s)

Eigenvalue

Max-Eigen

Statistic

0.05

Critical Value

Prob. Value

None

0.801702

464.3620

33.87687

0.0001

At most 1*

0.352341

124.6701

27.58434

0.0000

At most 2*

0.190995

60.82956

21.13162

0.0000

At most 3*

0.060278

17.84298

14.26460

0.0130

At most 4

0.005588

1.608121

3.841466

0.2048