Table 5 Diagnostic results LM test... | Emerald Publishing

Table 5

Diagnostic results

LM test statistic	Model 1 – household consumption expenditure as a measure of poverty reduction	Model 2- life expectancy as a measure of poverty reduction
Serial correlation	0.511 [0.475]	0.298 [0.585]
Normality	1.269 [0.530]	1.246 [0.529]
Functional form	0.219 [0.640]	1.536 [0.215]
Heteroscedasticity	1.012 [0.912]	1.662 [0.197]

LM test statistic	Model 1 – household consumption expenditure as a measure of poverty reduction	Model 2- life expectancy as a measure of poverty reduction
Serial correlation	0.511 [0.475]	0.298 [0.585]
Normality	1.269 [0.530]	1.246 [0.529]
Functional form	0.219 [0.640]	1.536 [0.215]
Heteroscedasticity	1.012 [0.912]	1.662 [0.197]

Note(s): ^*, ^** and ^*** indicates significance of variables at 10, 5 and 1% level of significance, respectively

Source(s): Table by the author