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Table 5 Robustness check: Diagnostic tests

From: Impact of petroleum and non-petroleum indices on financial development in Oman

Normality testJ-B test Statistic (probability value)
Ho: Residuals are normal
1.29 (0.524)
Serial correlation testF(2,11) 0.1335
Chi-Square(2)
0.1335
0. 40
Heteroscedasticity testBreusch-Godfrey test
F(2,11)
Chi-Square(2)
0.1291
0.2022
Ramsey RESET test for misspecificationt-statistic0.064002120.9500 
F-statistic0.004096(1,12)0.9500
Stability testsCUSUM
CUSUM Square
Stable
Stable
  1. Source: author’s work based on the Outcome of E-views version.10