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Regime breakpoint test results.
| Break Period | Start Period | End Period | Computed Statistic | Observations |
|---|---|---|---|---|
| Break 0 vs. 1 | 12/19/2018 | 05/17/2019 | 39.035** | 103 |
| Break 1 vs. 2 | 05/20/2019 | 08/06/2019 | 9.2326** | 55 |
| Break 2 vs. 3 | 08/07/2019 | 03/02/2020 | 2.7577** | 143 |
| Break 3 vs. 4 | 03/03/2020 | 05/15/2020 | 0.0000 | 53 |
| Null Hypothesis: No Structural Breaks | ||||
Note: for all p-values: * 1% significance level; ** 5% significance level; *** 10% significance level.
