26
(b) 60 days
Period |
Scale |
D-statistic |
Critical Values |
H0: Homogeneity | ||||
10% |
5% |
1% |
10% |
5% |
1% | |||
2000-Jan 2001 |
d1 |
0.079 |
0.152 |
0.169 |
0.203 |
T |
T |
T |
d2 |
0.147 |
0.213 |
0.236 |
0.287 |
T |
T |
T | |
d3 |
0.178 |
0.315 |
0.351 |
0.421 |
T |
T |
T | |
d4 |
0.488 |
0.503 |
0.558 |
0.659 |
T |
T |
T | |
d5 |
0.858 |
0.993 |
0.998 |
0.999 |
T |
T |
T | |
Feb 2001-Apr 2002 |
d1 |
0.158 |
0.141 |
0.157 |
0.188 |
F |
F |
T |
d2 |
0.161 |
0.198 |
0.220 |
0.265 |
T |
T |
T | |
d3 |
0.337 |
0.291 |
0.325 |
0.390 |
F |
F |
T | |
d4 |
0.230 |
0.442 |
0.489 |
0.586 |
T |
T |
T | |
d5 |
0.676 |
0.901 |
0.948 |
0.988 |
T |
T |
T | |
(c) 90 days | ||||||||
Period |
Scale |
D-statistic |
Critical Values |
H>: |
Homogeneity | |||
10% |
5% |
1% |
10% |
5% |
1% | |||
2000-Jan 2001 |
d1 |
0.174 |
0.152 |
0.169 |
0.203 |
F |
F |
T |
d2 |
0.143 |
0.213 |
0.236 |
0.287 |
T |
T |
T | |
d3 |
0.379 |
0.315 |
0.351 |
0.421 |
F |
F |
T | |
d4 |
0.216 |
0.503 |
0.558 |
0.659 |
T |
T |
T | |
d5 |
0.972 |
0.993 |
0.998 |
0.999 |
T |
T |
T | |
Feb 2001-Apr 2002 |
d1 |
0.069 |
0.143 |
0.158 |
0.190 |
T |
T |
T |
d2 |
0.128 |
0.200 |
0.223 |
0.268 |
T |
T |
T | |
d3 |
0.160 |
0.295 |
0.329 |
0.394 |
T |
T |
T | |
d4 |
0.223 |
0.459 |
0.508 |
0.608 |
T |
T |
T | |
d5 |
0.470 |
0.901 |
0.948 |
0.988 |
T |
T |
T |
(d) 180 days
Period |
Scale |
D-statistic |
Critical Values |
H0: Homogeneity | ||||
10% |
5% |
1% |
10% |
5% |
1% | |||
2000-Jan 2001 |
d1 |
0.153 |
0.152 |
0.169 |
0.203 |
F |
T |
T |
d2 |
0.218 |
0.213 |
0.236 |
0.287 |
F |
T |
T | |
d3 |
0.364 |
0.315 |
0.351 |
0.421 |
F |
F |
T | |
d4 |
0.270 |
0.503 |
0.558 |
0.659 |
T |
T |
T | |
d5 |
0.733 |
0.993 |
0.998 |
0.999 |
T |
T |
T | |
Feb 2001-Apr 2002 |
d1 |
0.135 |
0.143 |
0.158 |
0.190 |
T |
T |
T |
d2 |
0.145 |
0.200 |
0.223 |
0.268 |
T |
T |
T | |
d3 |
0.132 |
0.295 |
0.329 |
0.394 |
T |
T |
T | |
d4 |
0.358 |
0.459 |
0.508 |
0.608 |
T |
T |
T | |
d5 |
0.394 |
0.901 |
0.948 |
0.988 |
T |
T |
T |
Note: An Inclan-Tiao approximation is used to compute the critical values for sample sizes N≥128, while a
Monte Carlo Technique is used for N<128. “T” indicates that we cannot reject the null hypothesis and “F”
otherwise.
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