Diagnostic statistics tests | \({X}^{2}\)(p values) | Results |
---|---|---|
Breusch Godfrey LM test | 0.3837 | No problem of serial correlations |
Breusch-Pagan-Godfrey test | 0.2663 | No problem of heteroscedasticity |
ARCH test | 0.6841 | No problem of heteroscedasticity |
Ramsey RESET test | 0.5102 | Model is specified correctly |
Jarque–Bera Test | 0.2732 | Estimated residual are normal |