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Lag length criterion estimates.
| Lag | LogL | LR | FPE | AIC | SC | HQ |
|---|---|---|---|---|---|---|
| 0 | −346.322 | NA | 18.728 | 22.795 | 23.118 | 22.900 |
| 1 | −173.151 | 256.963* | 0.0067* | 14.783 | 17.374* | 15.628* |
| 2 | −123.748 | 50.996 | 0.011 | 14.757* | 19.615 | 16.341 |
Source: Author's estimate. * indicates lag order selected by the criterion.
