00:01
Okay, so we're going to look at the p -value column of the provided table and then interpret the result.
00:08
So for llc, we're going to use the significance level of 0 .05.
00:17
And for constant, when only a constant is included in the test regression, the unadjusted and the adjusted t -statistics along with their p -values are provided in the table.
00:31
For most variables, the new hypothesis of unit root can be rejected at conventional significance level.
00:40
We're going to use 0 .05 as indicated by the low p -value, which is less than 0 .05.
00:49
But for gloid, the new cannot be rejected at 0 .05.
00:55
So that's g -l -o -i -d fail to reject h -new, suggesting that this series might be a non -stationary.
01:11
So for constant and trend, including both a constant and a trend term, the results suggest that except for oipr and gloid, the null hypothesis of a unit root can be rejected for the other variables at conventional significance level of 0 .05.
01:44
Now, we're going to do interpretation for ips test results...