Question: We test H0 : Johnson & Johnson stock has a unit root. What can you conclude at the 1%,5%, and 10% levels? Null Hypothesis:

$We test " H0 : Johnson \& Johnson stock has a$ unit root." What can you conclude at the 1%,5%, and 10% levels?

We test " H0 : Johnson \& Johnson stock has a unit root." What can you conclude at the 1%,5%, and 10% levels? Null Hypothesis: JNJ has a unit root Exogenous: Constant Lag Length: 6 (Automatic - based on SIC, maxlag=12) *MacKinnon (1996) one-sided p-values. Augmented Dickey-Fuller Test Equation Dependent Variable: D(JNJ) Method: Least Squares Date: 05/22/22 Time: 12:51 Sample (adjusted): 1985M09 2022M05 Included observations: 441 after adjustments Null Hypothesis: D_JNJ has a unit root Exogenous: Constant Lag Length: 1 (Automatic - based on SIC, maxlag=12) *MacKinnon (1996) one-sided p-values. Augmented Dickey-Fuller Test Equation Dependent Variable: D(D_JNJ) Method: Least Squares Date: 05/22/22 Time: 12:53 Sample (adjusted): 1985M04 2022M05 Included observations: 446 after adjustments

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