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Table 4 Lag length selection in the money demand function

From: Macroeconomic effects of Mobile money: evidence from Uganda

Lag

LogL

LR

FPE

AIC

SC

HQ

0

−42.650

NA

0.001

1.113

1.201

1.148

1

304.511

660.453

0.60e-07

−7.134

−6.782*

−6.993

2

319.476

27.374

1.39e-07

−7.279

−6.663

−7.032*

3

329.425

17.472

1.36e-07

−7.303

−6.422

−6.949

4

341.078

19.610

1.28e-07

−7.367

−6.223

−6.908

5

344.111

4.882

1.49e-07

−7.222

−5.813

−6.656

6

359.556

23.733

1.28e-07

−7.379

−5.706

−6.707

7

365.336

8.457

1.41e-07

−7.301

−5.363

−6.523

8

380.123

20.557*

1.25e-07*

−7.442*

−5.240

−6.558

  1. Note: * Lag order selected by the criterion at 5% level