Hypothesized No. of CE(s) | Eigenvalue | Trace Statistic | 0.05 Critical Value | Prob. ** |
None * | 0.89558 | 72.80244 | 47.85613 | 0.0001 |
At most 1 * | 0.630687 | 32.13446 | 29.79707 | 0.0264 |
At most 2 | 0.406306 | 14.20448 | 15.49471 | 0.0775 |
At most 3 * | 0.234899 | 4.819447 | 3.841466 | 0.0281 |