Table 2

Summary of stationarity test results.

Variables Variables processed Augmented Dickey−Fuller t−statistic Prob. Commentary Conclusion
Part D(Part) −13.51139 0.0000 Stationary in first difference I(1)
CTM10 D(CTM10) −4.661115 0.0000 Stationary in first difference I(1)
CTM13 D(CTM13) −9.870702 0.0000 Stationary in first difference I(1)
CTM52S D(CTM52S) −6.593661 0.0000 Stationary in first difference I(1)
LNM1 D(LNM1) −12.32545 0.0000 Stationary in first difference I(1) Trend and constant
LNM3 D(LNM3) −11.32848 0.0000 Stationary in first difference I(1) Trend and constant
Masi D(MASI) −10.68719 0.0000 Stationary in first difference I(1) Trend and constant
Ncmb D(Ncmb) −10.83399 0.0000 Stationary in first difference I(1) Trend and constant
Ncmc D(Ncmc) −12.82450 0.0000 Stationary in first difference I(1)
OMLT D(OMLT) −11.96325 0.0000 Stationary in first difference I(1)
OPCVM_ACTIONS D(OPCVM_ACTIONS) −15.89336 0.0000 Stationary in first difference I(1) Constant
OPCVM_monétaire D(OPCVM_monétaire) −12.28732 0.0000 Stationary in first difference I(1)
RL D(RL) −11.16523 0.0000 Stationary in first difference I(1)
VOLMADEX D(VOLMADEX) −10.38936 0.0000 Stationary in first difference I(1)
VOLMASI D(VOLMASI) −9.443522 0.0000 Stationary in first difference I(1)
VTMCDIVM D(VTMCDIVM) −13.92368 0.0000 Stationary in first difference I(1)

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