Null Hypothesis: Unit root (individual unit root process)
Series: SER04, SER05
Date: 11/29/17 Time: 09:41
Sample: 4/16/2010 11/28/2017
Exogenous variables: Individual effects
Automatic selection of maximum lags
Automatic lag length selection based on SIC: 1 to 4
Total number of observations: 3697
Cross-sections included: 2
Method Statistic Prob.**
ADF - Fisher Chi-square 2.59107 0.6284
ADF - Choi Z-stat 0.08320 0.5332
** Probabilities for Fisher tests are computed using an asymptotic Chi
-square distribution. All other tests assume asymptotic normality.
Intermediate ADF test results UNTITLED
Series Prob. Lag Max Lag Obs
SER04 0.5081 4 24 1847
SER05 0.5388 1 24 1850