Model 1 |
Model 2 |
Model 3 |
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|---|---|---|---|---|---|---|
| PP Stat | p-Value | PP Stat | p-Value | PP Stat | p-Value | |
| Industrial Production | -253.9269 | 0.01 | -253.4252 | 0.01 | -253.0095 | 0.01 |
| Geopolitical Risk | -260.9849 | 0.01 | -260.9835 | 0.01 | -260.9757 | 0.01 |
| One Year Interest | -394.3757 | 0.01 | -394.3841 | 0.01 | -394.3342 | 0.01 |
| Ten Year Interest | -340.5744 | 0.01 | -340.4714 | 0.01 | -339.2581 | 0.01 |
| REER | -194.9006 | 0.01 | -194.9073 | 0.01 | -194.9813 | 0.01 |
| Kilian Index | -246.7434 | 0.01 | -246.7340 | 0.01 | -246.7302 | 0.01 |
| US Oil Production | -367.1101 | 0.01 | -365.2666 | 0.01 | -361.1533 | 0.01 |
| Model 1: No drift or trend Model 2: With drift, no trend Model 3: With drift and trend |
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