Unit Root interpretation (i do not know how to interpret it ) anybody can help please???
Posted: Sun Nov 27, 2016 9:24 pm
Null Hypothesis: SR has a unit root
Exogenous: Constant
Lag Length: 1 (Automatic - based on SIC, maxlag=1)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -1.168715 0.6845
Test critical values: 1% level -3.512290
5% level -2.897223
10% level -2.585861
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation
Dependent Variable: D(SR)
Method: Least Squares
Date: 11/28/16 Time: 12:21
Sample (adjusted): 1992M03 1998M12
Included observations: 82 after adjustments
Variable Coefficient Std. Error t-Statistic Prob.
SR(-1) -0.048275 0.041306 -1.168715 0.2460
D(SR(-1)) -0.295807 0.107810 -2.743779 0.0075
C 24.59322 16.26878 1.511682 0.1346
R-squared 0.117538 Mean dependent var 5.442439
Adjusted R-squared 0.095197 S.D. dependent var 60.53113
S.E. of regression 57.57790 Akaike info criterion 10.98005
Sum squared resid 261901.9 Schwarz criterion 11.06810
Log likelihood -447.1822 Hannan-Quinn criter. 11.01540
F-statistic 5.261128 Durbin-Watson stat 2.189658
Prob(F-statistic) 0.007161
Exogenous: Constant
Lag Length: 1 (Automatic - based on SIC, maxlag=1)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -1.168715 0.6845
Test critical values: 1% level -3.512290
5% level -2.897223
10% level -2.585861
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation
Dependent Variable: D(SR)
Method: Least Squares
Date: 11/28/16 Time: 12:21
Sample (adjusted): 1992M03 1998M12
Included observations: 82 after adjustments
Variable Coefficient Std. Error t-Statistic Prob.
SR(-1) -0.048275 0.041306 -1.168715 0.2460
D(SR(-1)) -0.295807 0.107810 -2.743779 0.0075
C 24.59322 16.26878 1.511682 0.1346
R-squared 0.117538 Mean dependent var 5.442439
Adjusted R-squared 0.095197 S.D. dependent var 60.53113
S.E. of regression 57.57790 Akaike info criterion 10.98005
Sum squared resid 261901.9 Schwarz criterion 11.06810
Log likelihood -447.1822 Hannan-Quinn criter. 11.01540
F-statistic 5.261128 Durbin-Watson stat 2.189658
Prob(F-statistic) 0.007161