Hypothesized Trace 0.05
No. of CE(s) Eigenvalue Statistic Critical Value Prob.**
None 0.174181 664.5424 NA NA
At most 1 * 0.071662 402.1608 334.9837 0.0000
At most 2 * 0.066772 300.2139 285.1425 0.0101
At most 3 0.031794 205.4696 239.2354 0.5630
At most 4 0.029471 161.1716 197.3709 0.6964
At most 5 0.025576 120.1598 159.5297 0.8489
At most 6 0.019979 84.63928 125.6154 0.9457
At most 7 0.015403 56.97124 95.75366 0.9772
At most 8 0.009851 35.68957 69.81889 0.9880
At most 9 0.008876 22.11724 47.85613 0.9733
At most 10 0.004063 9.894539 29.79707 0.9818
At most 11 0.003139 4.312413 15.49471 0.8768
At most 12 1.84E-06 0.002520 3.841466 0.9576