Table 4. Results of unit root test... | Emerald Publishing

Table 4.

Results of unit root test

Variable	ADF		PP
Variable	T-statistic	P-value	T-statistic	P-value
FS	−3.903**	0.012	−3.809**	0.016
TEMP	−3.954***	0.002	−6.114***	0.000
TEMP_i	−3.847***	0.003	−4.375***	0.000
TEMP_d	−3.485***	0.009	−4.106***	0.001

Note:

*,** and ***represent significance levels at 10, 5 and 1%, respectively