Table 2.
ADF and KPSS test for Pakistan Stock Exchange (PSX).
ADF Test | KPSS Test | |||||
---|---|---|---|---|---|---|
Variables | ADF statistics | P-Value | Decision | KPSS statistics | P-Value | Decision |
PSX | −12.47 | 0.01 | Stationary | 0.01015 | 0.1 | Stationary |
Confirm | −15.91 | 0.01 | Stationary | 0.00917 | 0.1 | Stationary |
Death | −14.694 | 0.01 | Stationary | 0.00961 | 0.1 | Stationary |
Recovery | −15.986 | 0.01 | Stationary | 0.00961 | 0.1 | Stationary |