Code: Select all
Hypothesized Trace 0.05
No. of CE(s) Eigenvalue Statistic Critical Value Prob.**
None * 0.113798 36.44193 29.79707 0.0074
At most 1 0.047404 13.48796 15.49471 0.0981
At most 2 * 0.022175 4.260661 3.841466 0.0390
If i take a 5% significance. Then im rejecting the null hypothesis of none. But it fails to reject the hypothesisof at most 1. However it rejects the hypothesis of at most 2. So that menas there are 1 co-integration vectors or 3 co-integration vectors?