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请教一下高手,这个协整检验结果怎么解读呀?存在协整关系吗?
Pedroni Residual Cointegration Test
Series: Y? X1? X2? X3?
Date: 03/05/11 Time: 10:38
Sample: 2003 2009
Included observations: 7
Cross-sections included: 44
Null Hypothesis: No cointegration
Trend assumption: No deterministic trend
User-specified lag length: 1
Newey-West automatic bandwidth selection and Bartlett kernel
Alternative hypothesis: common AR coefs. (within-dimension)
Weighted
Statistic Prob. Statistic Prob.
Panel v-Statistic -2.247722 0.9877 -2.635732 0.9958
Panel rho-Statistic 4.076562 1.0000 4.478007 1.0000
Panel PP-Statistic -15.96149 0.0000 -11.91294 0.0000
Panel ADF-Statistic -6.403890 0.0000 -11.10163 0.0000
Alternative hypothesis: individual AR coefs. (between-dimension)
Statistic Prob.
Group rho-Statistic 7.472623 1.0000
Group PP-Statistic -16.83528 0.0000
Group ADF-Statistic -16.88900 0.0000