Mean

Median
Maximum
Minimum
Std. Dev.
Skewness
Kurtosis

OBS MCAP_BSE
IIP
WPI
M3_SUPPLY REER AVG_P_E_BSE
NA 9.232308 5.170404 5.087156 14.17230 4.590946
2.935736
NA 8.796312 5.136974 5.085743 14.17864 4.599756
2.902520
NA 11.18024 5.923721 5.562219 15.55704 4.664288
3.949897
NA 7.467902 4.604170 4.605170 12.84516 4.471182
0.693147
NA 0.974423 0.334931 0.257936 0.779721 0.042413
0.365459
NA 0.564461 0.113859 0.062183 0.040304 0.693318
-0.296253
NA 2.034635 2.079621 2.055523 1.890235 3.145896
9.656188

Jarque-Bera
Probability

NA
NA

19.03016
0.000074

7.753467 7.827218
0.020718 0.019968

10.67841
0.004800

16.76741
0.000229

385.1571
0.000000

Sum
Sum Sq.
Dev.

NA

1911.088

1070.274 1053.041

2933.667

950.3258

607.6973

NA

195.5972

23.10885 13.70538

125.2409

0.370561

27.51337

0

207

207

207

207

Observations

207

207

Variable 1: LOG(IIP)

DF Unit Root Test
1)Without Constant and Trend

IIP(Log scale)

Since computed ADF test-statistics (1.554502) is greater than the critical values --"tau"( -2.576236, 1.942376 and -1.615674 at 1%, 5% and 10% significant level, respectively), we cannot conclude to reject
Ho. That means the CPI series has an unit root problem and is non stationary
2) With Constant

IIP(Log scale)

5% and 10% significant level.574324 at 1%. unit root does not exist. i. With Constant and Trend The hypothesis is: Decision rule: If t* > ADF crtitical value.e. -3.003226.875398 and -2. That means the CPI series is a stationary series . the computed ADF test-statistic (-7.e. 5% and 10% significant level. ==> not reject null hypothesis. i. unit root exists..139601 at 1%.966949) is greater than the critical values --"tau"( 3. we cannot conclude to reject Ho. ==> reject null hypothesis. If t* < ADF critical value. Again.431789.462095. 3. respectively). respectively). -2.392066) is lesser than the critical values . thus we can conclude to reject the Ho.. -3. That means the CPI series has an unit root problem and the CPI series is a non-stationary series."tau" (-4.Since computed ADF test-statistics (-.

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