Diagnostic tests for the panel data model
| Hypotheses | Tests |
|---|---|
| H0: is the OLS model | Wald |
| H1: is the RE model | F = 1.30355 with p-value = 0.316033 |
| Hypotheses | Tests |
|---|---|
| H0: is the OLS model | Wald |
| H1: is the RE model |
| Hypotheses | Tests |
|---|---|
| H0: is the OLS model | Breusch-Pagan |
| H1: is the FE model | LM = 0.25437 with p-value = 0.614015 |
| Hypotheses | Tests |
|---|---|
| H0: is the OLS model | Breusch-Pagan |
| H1: is the FE model | LM = 0.25437 with |
Note(s): OLS – ordinary least squares, RE-random effects model, FE-fixed effects model, df-degrees of freedom;
Significance levels: α = 0.10*, 0.05 **, 0.01 ***
Source(s): Own elaboration
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