这个检验结果和我平常做出来的不一样,自己看不懂。应该有几个协整关系,如果有两个,第二个怎么看,怎么写??求大家帮帮忙,谢谢啦!!!!!
Date: 03/11/17 Time: 12:34
Sample (adjusted): 2003 2015
Included observations: 13 after adjustments
Trend assumption: Linear deterministic trend
Series: LNG LNJ LNY
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 * 0.880068 41.50720 29.79707 0.0015
At most 1 0.640781 13.93636 15.49471 0.0847
At most 2 0.047062 0.626675 3.841466 0.4286
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 * 0.880068 27.57084 21.13162 0.0054
At most 1 0.640781 13.30969 14.26460 0.0703
At most 2 0.047062 0.626675 3.841466 0.4286
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):