我想问一下,我的KAO检验结果MD,DF和ADF均没有值,这代表了什么?还能得出拒绝原假设的结论吗?
Kao test for cointegration
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H0: No cointegration Number of panels = 13
Ha: All panels are cointegrated Number of periods = 17
Cointegrating vector: Same
Panel means: Included Kernel: Bartlett
Time trend: Not included Lags: 1.54 (Newey–West)
AR parameter: Same Augmented lags: 1
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Statistic p-value
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Modified Dickey–Fuller t . .
Dickey–Fuller t . .
Augmented Dickey–Fuller t . .
Unadjusted modified Dickey–Fuller t -3.5325 0.0002
Unadjusted Dickey–Fuller t -3.2662 0.0005
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