Economic Impact of Some Determinant Factors of Nigerian Inflation Rate

Table 13.

Inflation Rate Unit Root Test at Level

Null Hypothesis: INF has a unit root

 

Exogenous: Constant

 

 

Lag Length: 1 (Automatic - based on AIC, maxlag=9)

 

 

 

 

 

 

 

 

 

 

 

 

 

t-Statistic

  Prob.*

 

 

 

 

 

 

 

 

 

 

Augmented Dickey-Fuller test statistic

-4.578760

 0.0006

Test critical values:

1% level

 

-3.581152

 

 

5% level

 

-2.926622

 

 

10% level

 

-2.601424

 

 

 

 

 

 

 

 

 

 

 

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