Diagnostics tests of ARDL
| Description of test types | Test statistics | Value | Prob |
|---|---|---|---|
| Breusch–Godfrey Serial Correlation LM Test | F- Statistics | 0.359225 | 0.5553 |
| Heteroskedasticity Test Breusch–Pagan–Godfrey | F- Statistics | 0.796005 | 0.6760 |
| Specification test: Ramsey RESET Test* | F- Statistics | 0.634568 | 0.5326 |
| Normality Test: Jarque–Bera | 0.65508 | 0.7207 |
| Description of test types | Test statistics | Value | Prob |
|---|---|---|---|
| Breusch–Godfrey Serial Correlation LM Test | 0.359225 | 0.5553 | |
| Heteroskedasticity Test Breusch–Pagan–Godfrey | 0.796005 | 0.6760 | |
| Specification test: Ramsey RESET Test* | 0.634568 | 0.5326 | |
| Normality Test: Jarque–Bera | 0.65508 | 0.7207 |
Source(s): Author's calculation using Eviews 11
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