Variables

ADF Test Statistics

Critical Values @ 5%

P-value

Order of Integration

D(HDI)

−4.107560

−3.580623

0.0163

I(0)

D(SMC)

−5.798528

−2.976263

0.0001

I(1)

D(TR)

−5.484560

−2.976263

0.0001

I(1)

D(VST)

−4.805514

−2.976263

0.0007

I(1)