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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

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Table 6 Lag order selection criteria

From: The impact of stock market manipulation on Nigeria’s economic performance

Lag Logl LR FPE AIC SC HQ
0 − 144.37243 NA 2.70e−07 1.900846 2.123898 1.986621
1 225.2611 468.0432 4.03e−11 − 16.915514 − 15.354151 − 16.315089
2 291.0284 99.27136 1.38e−11 − 18.038807 − 15.130133 − 16.923732
3 318.6510 35.4037 2.18e−1 − 17.722681 − 13.484694 − 16.092956
4 365.2198 49.20468 1.95e−11 − 18.121500 − 12.545202 − 15.977125
5 412.9795 39.64959 2.13e−11 − 18.565246 − 11.650654 − 15.906238
6 492.5861 48.06437 1.08e−11 − 110.21080 − 11.957875 − 17.037121
  1. Source: Author’s E-view 9.5 Compilation
  2. LR sequential modified LR test statistic (each test at 5% level), FPE final prediction error, AIC Akaike information criterion, SC Schwarz information criterion, HQ Hannan–Quinn information criterion
  3. *Lag order selected by the criterion
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