Sustainable Energy Research

Table 5 Criteria for the optimal choice of delay

From: Balancing short-term costs and long-term benefits: an analysis of the impact of hydroelectric power generation on electricity prices volatility in Cameroon

Lag	LL	LR	FPE	AIC	HQIC	SBIC
0	33.5682		1.9e-08	−3.57102	−3.55866	−3.32959
1	81.4752	95.814	1.3e-09	−6.4344	−6.36022	−4.98579
2	149.274	135.6	2.5e-11*	−11.7843	−11.6483	−9.12851
3	2497.31	4696.1		−302.163	−301.965	−298.3
4	2547.46	100.3*		−308.432*	−308.234*	−304.569*

Source: Authors
LR sequential LR test statistic (each test at 5% level), FPE final prediction error, AIC Akaike Information Criterion, SC Schwarz Information Criterion, HQ Hannan–Quinn Information Criterion
^* indicates optimal lag

Back to article page