Null Hypothesis: DIF has a unit root

Exogenous: Constant
Lag Length: 1 (Automatic - based on SIC, maxlag=15)

Augmented Dickey-Fuller test statistic

Test critical values:
1% level
5% level
10% level

t-Statistic

Prob.*

-1.520477
-3.452366
-2.871128
-2.571950

0.5220

*MacKinnon (1996) one-sided p-values.

Augmented Dickey-Fuller Test Equation

Dependent Variable: D(DIF)
Method: Least Squares
Date: 12/29/14 Time: 10:41
Sample (adjusted): 1990M03 2014M09
Included observations: 295 after adjustments
Variable

Coefficient

Std. Error

t-Statistic

Prob.

DIF(-1)
D(DIF(-1))
C

-0.011181
0.225213
-3.74E-05

0.007353
0.056665
4.38E-05

-1.520477
3.974446
-0.855184

0.1295
0.0001
0.3932

R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
Log likelihood
F-statistic
Prob(F-statistic)

0.056756
0.050295
0.000669
0.000131
1739.087
8.784910
0.000197

Mean dependent var

S.D. dependent var
Akaike info criterion
Schwarz criterion
Hannan-Quinn criter.
Durbin-Watson stat

-1.02E-05
0.000687
-11.77008
-11.73259
-11.75507
2.061234