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Null Hypothesis: ING has a unit root

Exogenous: Constant, Linear Trend


Lag Length: 3 (Fixed)

t-Statistic Prob.*

Augmented Dickey-Fuller test statistic -1.101445 0.9033


Test critical values: 1% level -4.498307
5% level -3.658446
10% level -3.268973

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

Augmented Dickey-Fuller Test Equation


Dependent Variable: D(ING)
Method: Least Squares
Date: 05/29/19 Time: 00:41
Sample (adjusted): 2014Q1 2018Q4
Included observations: 20 after adjustments

Variable Coefficient Std. Error t-Statistic Prob.

ING(-1) -0.404495 0.367241 -1.101445 0.2893


D(ING(-1)) -0.660288 0.311040 -2.122836 0.0521
D(ING(-2)) -0.705790 0.218263 -3.233674 0.0060
D(ING(-3)) -0.742582 0.163979 -4.528526 0.0005
C 353.7799 330.7935 1.069489 0.3029
@TREND("2013Q1") 8.941817 4.593374 1.946677 0.0719

R-squared 0.864257 Mean dependent var 10.75000


Adjusted R-squared 0.815777 S.D. dependent var 77.96212
S.E. of regression 33.46225 Akaike info criterion 10.10204
Sum squared resid 15676.11 Schwarz criterion 10.40076
Log likelihood -95.02038 Hannan-Quinn criter. 10.16035
F-statistic 17.82722 Durbin-Watson stat 1.871786
Prob(F-statistic) 0.000013

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