Table 6

Diagnostic tests

SpecificationF-statisticsProb. Value
Breusch–Godfrey (Serial Correlation LM test)0.4780.627
Breusch-Pagan (Heteroscedasticity)0.9480.550
Jarque–Bera (Normality)0.1810.914
Ramsey RESET0.0240.879

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