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What is the CADF test criterion="BIC" report?

Hello Bernhard:

Thank you for your kindly help. Actually, I have tried to read the  
source code, but I can not understand it clearly. But with your  
recommendation, I do think you are right.

I guess, when I use the criterion of "BIC" in CADFtest, I set the  
max.lag.y=14. It seems to reduce the sample size. Although "BIC"  
choose the optimal augmented lag=1, but it seems not to use the whole  
sample to re-calculate the ADF-statistics.

If it is true, I think after choosing the optimal augmentd part with  
"BIC", I should run the CADFtest again to avoid the misunderstanding.

Thank you again.

Best,

Paul


?? "Pfaff, Bernhard Dr." <Bernhard_Pfaff at fra.invesco.com>: