Financial Innovation

Table 3 BDS test statistics

From: Evaluating the exchange rate and commodity price nexus in Malaysia: evidence from the threshold cointegration approach

m	Univariate					Multivariate
m	NER	OP	PO	RUB	NG	Model-1	Model-2	Model-3	Model-4
2	0.184	0.187	0.178	0.185	0.195	0.151	0.159	0.153	0.16
3	0.309	0.318	0.299	0.313	0.331	0.256	0.266	0.256	0.268
4	0.393	0.408	0.381	0.399	0.425	0.323	0.338	0.321	0.339
5	0.447	0.468	0.433	0.457	0.489	0.364	0.385	0.361	0.383
6	0.484	0.508	0.465	0.493	0.532	0.389	0.416	0.387	0.411

Note: m represents embedding dimensional points

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