Results of diagnostic tests of the ARDL models
| Model | Diagnostic test | LM version | F version |
|---|---|---|---|
| ARDL (1,2,2,0,2.0) | |||
| Jarque Bera test | χ2 = 1.581 (0.46) | – | |
| Lagrange Multiplier (LM) test | χ2 = 1.129 (0.56) | F(2,19) = 0.326 (0.75) | |
| Breusch–Godfrey test | χ2 = 16.33 (0.17) | F(12,21) = 1.619 (0.16) | |
| Ramsey's test | χ2 = 1.228 (0.24) | F(1,20) = 1.510 (0.23) | |
| Model | Diagnostic test | LM version | |
|---|---|---|---|
| ARDL (1,2,2,0,2.0) | |||
| Jarque Bera test | – | ||
| Lagrange Multiplier (LM) test | |||
| Breusch–Godfrey test | |||
| Ramsey's test | |||
Note(s): Value in parenthesis are probability values
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