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Table 6 Lag length selection 2000 to 2021 data

From: Effects of crude oil prices on copper and maize prices

Lag

LogL

LR

FPE

AIC

SC

HQ

0

− 163.2155

NA

0.0007

1.2885

1.3298

1.3051

1

989.1006

2268.9020

0.0000

− 7.5744

− 7.4092

− 7.5080

2

1030.5740

80.6964

8.01e− 08*

 − 7.8262*

 − 7.5370*

− 7.7099*

3

1038.2230

14.7056

0.0000

− 7.8157

− 7.4026

− 7.6496

4

1042.2270

7.6033

0.0000

− 7.7770

− 7.2399

− 7.5610

5

1044.5520

4.3619

0.0000

− 7.7252

− 7.0642

− 7.4594

6

1051.7850

13.4006

0.0000

− 7.7115

− 6.9266

− 7.3959

7

1061.3090

17.4246*

0.0000

− 7.7156

− 6.8067

− 7.3501

8

1064.9990

6.6647

0.0000

− 7.6744

− 6.6416

− 7.2591

  1. *Implies selection of the lag order by the criterion
  2. LR sequential modified LR test statistic (each test at 5% level)
  3. FPE = Final prediction error
  4. AIC = Akaike information criterion
  5. SC = Schwarz information criterion
  6. HQ = Hannan–Quinn information criterion
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