Augmented Dickey Fuller Test

Yash

New Member
#1
Hi people. I'm sorry if this is a silly question. These are the results of ADF test on the daily returns of an index. Could you please help me help interpret these results? I do not know where the result is significant at.

Null Hypothesis: D(SENSEX) has a unit root
Exogenous: Constant, Linear Trend
Lag Length: 12 (Automatic based on SIC, MAXLAG=12)

t-Statistic Prob.*

Augmented Dickey-Fuller test statistic -25.19005 0.0000
Test critical values: 1% level -3.961770
5% level -3.411632
10% level -3.127688

*MacKinnon (1996) one-sided p-values.