Table 3 Causality test results
From: Determination of collective behavior of the financial market
Null hypothesis | F-statistic | Prob. |
|---|---|---|
S does not granger cause C | 2.70641 | 0.0341 |
C does not granger cause S | 2.25770 | 0.0677 |
S does not granger cause l | 2.71898 | 0.0335 |
l does not granger cause S | 2.77096 | 0.0309 |