Table 7 The results of diagnostic test
Test | Breusch-Godfrey Serial Correlation Lagrange Multiplier (LM) test | Breusch-Pagan-Godfrey Heteroskedasticity test | Jarque–Bera test |
|---|---|---|---|
LM-version | 0.371 [0.542] | 7.087 [0.852] | 2.272 [0.321] |
F-version | F(1, 14): 0.188 [0.671] | F(11, 16): 0.424 [0.930] | Not Applicable |