Table 2 Statistics for selecting the lag...

Table 2

Statistics for selecting the lag order

p	Constant only			Constant plus trend
p	AIC	SIC	B.G (1)	AIC	SIC	B.G (1)
1	−3.84	−3.49	0.75	−3.84	−3.45	1.21
2	−3.96	−3.50	0.07	−4.05	−3.55^a	0.54
3	−3.93	−3.35	0.34	−3.95	−3.34	0.79
4	−3.96	−3.28	0.50	−4.08	−3.35	1.42
5	−4.10	−3.30	2.45	−4.10	−3.26	0.40
6	−4.04	−3.11	0.02	−4.00	−3.05	0.33

p	Constant only			Constant plus trend
p	AIC	SIC	B.G (1)	AIC	SIC	B.G (1)
1	−3.84	−3.49	0.75	−3.84	−3.45	1.21
2	−3.96	−3.50	0.07	−4.05	−3.55^a	0.54
3	−3.93	−3.35	0.34	−3.95	−3.34	0.79
4	−3.96	−3.28	0.50	−4.08	−3.35	1.42
5	−4.10	−3.30	2.45	−4.10	−3.26	0.40
6	−4.04	−3.11	0.02	−4.00	−3.05	0.33

Note(s): AIC = Akaike information criterion. SIC= Schwarz information criterion. ^aIndicates the corresponding lag order selected by the SIC; B.G (1) = Breusch–Godfrey test for serial correlation based on $χ^{2}$ statistics

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