下面是johansen检验的结果,通过对迹统计量检验,有一个协整关系。但通过最大特征值检验却有两个协整关系。这是什么原因呢,哪我这个协整是有一个还是两个啊,请大家帮我看看是,还有他的协整方程是什么呀?我以前没有接触过EVIEWS,问题可能比较弱,见笑、见笑。多谢多谢呀~~
Date: 03/17/11 Time: 10:57
Sample (adjusted): 1998Q3 2004Q4
Included observations: 26 after adjustments
Trend assumption: Linear deterministic trend
Series: MO GDP TT R01 X01
Lags interval (in first differences): 1 to 1
Unrestricted Cointegration Rank Test (Trace)
Hypothesized Trace 0.05
No. of CE(s) Eigenvalue Statistic Critical Value Prob.**
None * 0.925912 113.9244 69.81889 0.0000
At most 1 0.690816 46.25950 47.85613 0.0701
At most 2 0.257282 15.74022 29.79707 0.7304
At most 3 0.217863 8.006808 15.49471 0.4647
At most 4 0.060332 1.617933 3.841466 0.2034
Trace test indicates 1 cointegrating eqn(s) at the 0.05 level
* denotes rejection of the hypothesis at the 0.05 level
**MacKinnon-Haug-Michelis (1999) p-values
Unrestricted Cointegration Rank Test (Maximum Eigenvalue)
Hypothesized Max-Eigen 0.05
No. of CE(s) Eigenvalue Statistic Critical Value Prob.**
None * 0.925912 67.66494 33.87687 0.0000
At most 1 * 0.690816 30.51928 27.58434 0.0204
At most 2 0.257282 7.733412 21.13162 0.9193
At most 3 0.217863 6.388874 14.26460 0.5638
At most 4 0.060332 1.617933 3.841466 0.2034
Max-eigenvalue test indicates 2 cointegrating eqn(s) at the 0.05 level
* denotes rejection of the hypothesis at the 0.05 level
**MacKinnon-Haug-Michelis (1999) p-values
Unrestricted Cointegrating Coefficients (normalized by b'*S11*b=I):