下面是协整检验结果，哪位大神帮忙解释下呢？

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收藏 2016-04-25

Date: 04/25/16 Time: 21:56
Sample (adjusted): 2001 2013
Included observations: 13 after adjustments
Trend assumption: Linear deterministic trend
Series: Y X1 X2 X3
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 *    0.974313    105.1938    47.85613    0.0000
At most 1 *    0.955833    57.59107    29.79707    0.0000
At most 2 *    0.540423    17.03387    15.49471    0.0291
At most 3 *    0.413070    6.927041    3.841466    0.0085

Trace test indicates 4 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 *    0.974313    47.60277    27.58434    0.0000
At most 1 *    0.955833    40.55721    21.13162    0.0000
At most 2    0.540423    10.10683    14.26460    0.2050
At most 3 *    0.413070    6.927041    3.841466    0.0085

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):

Y X1 X2 X3
108.6445 -53.43983    2.512303    53.51292
27.94374 -52.79242    25.42268    20.70463
16.93252 -1.813290 -16.18442    33.42518
91.44652 -59.66702    20.70153    22.43562

Unrestricted Adjustment Coefficients (alpha):

D(Y) -0.013517    0.012625 -0.001083 -0.001936
D(X1) -0.021534    0.011338 -0.010129    0.008972
D(X2) -0.013642    0.004314    0.006897    0.009059
D(X3) -0.044840 -0.039873 -0.024487    0.017436

1 Cointegrating Equation(s): Log likelihood    142.8575

Normalized cointegrating coefficients (standard error in parentheses)
Y X1 X2 X3
1.000000 -0.491878    0.023124    0.492551
   (0.02208)    (0.01808)    (0.01865)

Adjustment coefficients (standard error in parentheses)
D(Y) -1.468589
   (0.55521)
D(X1) -2.339582
   (0.94665)
D(X2) -1.482075
   (0.72423)
D(X3) -4.871631
   (2.45074)

2 Cointegrating Equation(s): Log likelihood    163.1361

Normalized cointegrating coefficients (standard error in parentheses)
Y X1 X2 X3
1.000000    0.000000 -0.288983    0.405117
   (0.01839)    (0.04210)
0.000000    1.000000 -0.634522 -0.177756
   (0.03052)    (0.06988)

Adjustment coefficients (standard error in parentheses)
D(Y) -1.115808    0.055879
   (0.20522)    (0.13742)
D(X1) -2.022763    0.552243
   (0.85108)    (0.56990)
D(X2) -1.361516    0.501235
   (0.72508)    (0.48554)
D(X3) -5.985829    4.501236
   (1.88289)    (1.26083)

3 Cointegrating Equation(s): Log likelihood    168.1895

Normalized cointegrating coefficients (standard error in parentheses)
Y X1 X2 X3
1.000000    0.000000    0.000000 -0.204431
   (0.03017)
0.000000    1.000000    0.000000 -1.516142
   (0.06571)
0.000000    0.000000    1.000000 -2.109282
   (0.10230)

Adjustment coefficients (standard error in parentheses)
D(Y) -1.134149    0.057843    0.304524
   (0.20228)    (0.13397)    (0.05392)
D(X1) -2.194279    0.570610    0.398073
   (0.74308)    (0.49216)    (0.19808)
D(X2) -1.244729    0.488728 -0.036215
   (0.67101)    (0.44442)    (0.17887)
D(X3) -6.400463    4.545639 -0.730012
   (1.58854)    (1.05212)    (0.42344)