The Behavioral Mechanism and Forecasting of Beijing Housing Prices from a Multiscale Perspective

Table 2

Augmented Dickey–Fuller (ADF) test results on the house price series.

Bound	Test for unit root in	T-statistics	value
ADF	Level	0.657	0.991
	First difference	−13.330	0.000
Phillips–Perron	Level	0.640	0.990
	First difference	−23.695	0.000

Note. The null hypothesis is rejected at the 0.01 level (two-tailed).