Table 8.
ADF and KPSS tests for NYSE.
ADF Test | KPSS Test | |||||
---|---|---|---|---|---|---|
Variables | ADF statistics | P-Value | Decision | KPSS statistics | P-Value | Decision |
NYSE | −14.76 | 0.01 | Stationary | 0.0930 | 0.1 | Stationary |
Confirm | −1.71 | 0.01 | Stationary | 0.0097 | 0.1 | Stationary |
Death | −14.69 | 0.01 | Stationary | 0.0084 | 0.1 | Stationary |
Recovery | −21.91 | 0.01 | Stationary | 0.0091 | 0.1 | Stationary |