In which situation cointegration test can be performed? Write down its null Also, refer the given table and interpret the results?

MATLAB: An Introduction with Applications
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  • In which situation cointegration test can be performed? Write down its null Also, refer the given table and interpret the results?
Hypothesized
No. of CE(s)
Trace
0.05
Eigenvalue
Statistic
Critical Value
Prob.**
None
0.377516
39.59017
47.85613
0.2375
At most 1
0.264703
20.15466
29.79707
0.4124
0.5149
0.3160
At most 2
0.147492
7.547939
15.49471
At most 3
0.024225
1.005467
3.841466
Transcribed Image Text:Hypothesized No. of CE(s) Trace 0.05 Eigenvalue Statistic Critical Value Prob.** None 0.377516 39.59017 47.85613 0.2375 At most 1 0.264703 20.15466 29.79707 0.4124 0.5149 0.3160 At most 2 0.147492 7.547939 15.49471 At most 3 0.024225 1.005467 3.841466
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