Hypothesized No. of CE(s) | Eigenvalue | Trace Statistic | 0.05 Critical Value | Prob. |
None | 0.588369 | 33.26038 | 29.79707 | 0.0192** |
At most 1 | 0.139898 | 4.856313 | 15.49471 | 0.8239 |
At most 2 | 0.001055 | 0.033784 | 3.841466 | 0.8541 |