MARKOV SWITCHING MODEL

Unit Root Tests

Dickey Fuller Test
Unit Root Tests with ADF (Normal Data)
**Used a different Version of the Crude Oil Data (1996-2015)

#Drift
 #Trend

ADF Test with Differenced Data

#Drift
#Trend

Unit Root ADF Test with Level Data (Logged Data)

Unit Root Tests PP with 1st Difference Data
With Normal Logged Data
#KPSS TEST WITH RAW DATA

#KPSS test with logged data

PANEL DECOMPOSED MARKOV MODEL
PANEL A January 1996 – December 2000