I need some help understanding the results of Johansen Cointegration test run on MATLAB. I am quite new to econometrics and do not fully comprehend what MATLAB has come up with. I would be really in debt if someone could explain the following in layman terms.
The test was run on two series.
Data: Y Effective sample size: 1871 Model: H1 Lags: 0 Statistic: trace Significance level: 0.05 r h stat cValue pValue eigVal ======================================== 0 0 11.0750 15.4948 0.2115 0.0037 1 1 4.2114 3.8415 0.0402 0.0022
r0 r1 t1 false true
r0 r1 t1 0.21149 0.040163