Quandt Andrews BP Test warning about continuous sample

[jimriordan]

Hi,
Please explain why the warning below the results of my Quandt-Andrews test? What are the implications of this warning with respect to my stability test?
Thanks!


Quandt-Andrews unknown breakpoint test
Null Hypothesis: No breakpoints within 10% trimmed data

Equation Sample: 2/26/2004 4/01/2004 10/31/2004 4/01/2005 10/31/2005 4/01/2006 10/31/2006 4/01/2007 10/31/2007 4/01/2008 10/31/2008 4/01/2009 10/31/2009 4/01/2010 10/31/2010 4/01/2011 10/31/2011 3/31/2012 10/31/2012 3/31/2013 10/31/2013 3/31/2014
Test Sample: 3/01/2005 3/27/2013
Number of breaks compared: 1252

Statistic Value Prob.

Maximum LR F-statistic (12/05/2012) 28.92705 0

Exp LR F-statistic 10.60085 0

Ave LR F-statistic 7.686789 0

Note: probabilities calculated using Hansen's (1997) method
WARNING: estimation sample is non-continuous (probabilities
calculated assuming a continuous sample)[/b]