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Economic Impact of Some Determinant Factors of Nigerian Inflation Rate

Universal Journal of Finance and Economics | Vol 1, Issue 1

Table 11. Forex Reserve Unit Root Test at Level

Null Hypothesis: FOREX_RESV has a unit root

Exogenous: Constant

 

 

Lag Length: 0 (Automatic - based on AIC, maxlag=9)

 

 

 

 

 

 

 

 

 

 

 

 

 

t-Statistic

  Prob.*

 

 

 

 

 

 

 

 

 

 

Augmented Dickey-Fuller test statistic

-2.049462

 0.2655

Test critical values:

1% level

 

-3.577723

 

 

5% level

 

-2.925169

 

 

10% level

 

-2.600658