Table 3 Different tests to determine the... | Emerald Publishing

Table 3

Different tests to determine the most appropriate model

Test	Statistician	p-value
Hausman	χ²(24) = 3.24	0.862
Wooldridge	F(1,24) = 4.049	0.068
Arellano-Bond	AR(1): −1.561 AR(2): 1.0819	0.1185 0.2794
Sargan	$χ_{24}^{2}$ = 1.73257	0.8848
Pesaran	λ = 0.612	0.5407
Wald	$χ_{24}^{2}$ = 1566.4	0.0000

Test	Statistician	p-value
Hausman	χ²(24) = 3.24	0.862
Wooldridge	F(1,24) = 4.049	0.068
Arellano-Bond	AR(1): −1.561AR(2): 1.0819	0.11850.2794
Sargan	$χ_{24}^{2}$ = 1.73257	0.8848
Pesaran	λ = 0.612	0.5407
Wald	$χ_{24}^{2}$ = 1566.4	0.0000

Source(s): Authors’ own work using Bloomberg information