| ADF | t-Statistics | Probability | |
| −3.3711*** | 0.0004 | ||
| Augmented Dickey-Fuller Test Equation | |||
| Variable | Coefficient | t-Statistics | P-Value |
| Resid (−1) | −2.0812 | −5.211*** | 0.000 |
| DResid (−1) | 1.1748 | 3.717*** | 0.001 |
| DResid (−2) | 0.7260 | 2.898** | 0.006 |
| DResid (−3) | 0.6327 | 2.702** | 0.010 |
|
| R-Square | 0.5678 |
|
|
| Adjusted R-Square | 0.5362 |
|