 Augmented Dickey-Fuller Unit Root Test

 Specification

 H₀ Series has a unit root (non-stationary)
 H₁ Series is stationary
 Deterministic terms Constant
 Lag length N
 Observations N

 Results

 Value

 Test statistic (τ) N
 P-value N

 Critical Values

 N% N% N%

 N N N


 Conclusion Fail to reject H₀ (series appears non-stationary)
 Note pN, pN, pN
