| Variables | Passengers | Movements | Comments |
|---|---|---|---|
| Level | 3.95E-02 | 7.3E-03 | Variances of level terms |
| Slope | 1.2E-03 | 8.6E-03 | Variances of slope terms |
| Cycle | ρ = 0.83 | Damping factor | |
| 2.1E-02 | 1.6E-02 | Variances of cycles | |
| Irregular | 0.00E+00 | 2.5E-02 | Variances of irregular terms |
| Interventions | nil | +LS 1956** | Interventions: timing and coefficient's sign (+/-) |
| nil | +AO 1967** | ||
| Model | LLT+cycle | ||
| Cointegration | C(2,2)+common cycles | ||
Key: ** = p-value < 0.05.