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Table 3 Results of Augmented Dickey-Fuller tests

From: Stationarity of spot freight rates considering supply/demand effect

  Value Lags
Actual Freight Rates −2.496 4
Estimated Freight Rates −2.303 4
Deviation −3.723 4
Critical values −1% −4.052  
Critical values −5% −3.452  
Critical values −10% −3.153