Variables/segments

Likelihood Ratio Statistics

Probability-value

INDEX

0.558827

0.454733

YTB

0.473982

0.491161

YLGB

0.015791

0.899999

IIP

49.28870

0.00000

WPI

0.099900

0.751950

M3

12.25613

0.000464

EX

4.855293

0.027561

Money supply and Interests (YTB, YLGB and M3)

19.66450

0.000199

Commodity market variables (IIP and WPI)

53.98645

0.000000

Exchange market variable (EX)

4.855293

0.027561