请各位大神帮忙看以下这个结果是什么....我表示完全看不懂啊!为什么我的表显示了好几个..到底有没有协整关系,有的话有几个,方程是什么?谢谢Date: 04/27/14 Time: 13:49
Sample (adjusted): 2002 2012
Included observations: 11 after adjustments
Trend assumption: Linear deterministic trend
Series: CCL CYJGSJL FIR
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 * 0.951212 43.62393 29.79707 0.0007
At most 1 0.509869 10.40106 15.49471 0.2511
At most 2 0.207424 2.557137 3.841466 0.1098
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 * 0.951212 33.22287 21.13162 0.0006
At most 1 0.509869 7.843918 14.26460 0.3948
At most 2 0.207424 2.557137 3.841466 0.1098
Max-eigenvalue 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 Cointegrating Coefficients (normalized by b'*S11*b=I):
CCL CYJGSJL FIR
31.14886 -115.4276 29.92256
-17.98623 -21.16224 -11.55175
-23.18934 68.08928 -14.30535
Unrestricted Adjustment Coefficients (alpha):
D(CCL) 0.004751 0.079605 0.023703
D(CYJGSJL) -0.000138 0.002336 -0.001904
D(FIR) -0.049654 -0.121559 -0.028746
1 Cointegrating Equation(s): Log likelihood 85.03244
Normalized cointegrating coefficients (standard error in parentheses)
CCL CYJGSJL FIR
1.000000 -3.705678 0.960631
(0.22723) (0.02122)
Adjustment coefficients (standard error in parentheses)
D(CCL) 0.147980
(1.56461)
D(CYJGSJL) -0.004301
(0.06750)
D(FIR) -1.546656
(2.31325)
2 Cointegrating Equation(s): Log likelihood 88.95440
Normalized cointegrating coefficients (standard error in parentheses)
CCL CYJGSJL FIR
1.000000 0.000000 0.718981
(0.09609)
0.000000 1.000000 -0.065211
(0.02614)
Adjustment coefficients (standard error in parentheses)
D(CCL) -1.283812 -2.232984
(1.37761) (4.49457)
D(CYJGSJL) -0.046308 -0.033488
(0.06999) (0.22836)
D(FIR) 0.639732 8.303871
(1.98724) (6.48354)