Null(Alt) | Model-1 | Model-2 | Model-3 | ||||||
Eigenvalue | Trace Statistic | 5% Critical Value | Eigenvalue | Trace Statistic | 5% Critical Value | Eigenvalue | Trace Statistic | 5% Critical Value | |
r = 0 | 0.764904 | 496.3475* | 134.6780 | 0.402015 | 222.6409* | 125.6154 | 0.405226 | 244.7408* | 150.5585 |
r ≤ 1 (r > 1) | 0.395373 | 196.6610* | 103.8473 | 0.240651 | 116.2038* | 95.75366 | 0.240690 | 137.1889* | 117.7082 |
r ≤ 2 (r > 2) | 0.205546 | 92.51021* | 76.97277 | 0.139537 | 59.2180 | 69.81889 | 0.141687 | 80.19231 | 88.80380 |
r ≤ 3 (r > 3) | 0.098314 | 44.87945 | 54.07904 | 0.058952 | 28.10901 | 47.85613 | 0.101748 | 48.56553 | 63.87610 |
r ≤ 4 (r > 4) | 0.048978 | 23.45728 | 35.19275 | 0.047468 | 15.53149 | 29.79707 | 0.057380 | 26.35352 | 42.91525 |
r ≤ 5 (r > 5) | 0.043859 | 13.06214 | 20.26184 | 0.019862 | 5.464742 | 15.49471 | 0.047422 | 14.12144 | 25.87211 |
r ≤ 6 (r > 6) | 0.018086 | 3.778176 | 9.164546 | 0.006317 | 1.311845 | 3.841466 | 0.019444 | 4.064625 | 12.51798 |