Type 1: no drift no trend

Type 2: with drift no trend

Type 3: with drift and trend

lag

ADF

p.value

ADF

p.value

ADF

p.value

0

−10.21

0.01

−10.09

0.0100

−9.97

0.010

1

−7.10

0.01

−7.03

0.0100

−7.05

0.010

2

−4.36

0.01

−4.33

0.0100

−4.34

0.010

3

−3.03

0.01

−3.01

0.0459

−3.08

0.151