Table 7

Diagnostic tests

Dependent variable: CADDependent variable: BD
Adjusted R-squared0.42610.4560
Breusch-Godfrey Serial
Correlation LMa
0.771 (0.3246)0.023 (0.87830)
Heteroskedasticity test: ARCHb0.521 (0.4705)0.254 (0.6143)

Note(s):aNull Hypothesis (H0): No serial correlation, Alternative Hypothesis (H1): Serial correlation

bNull Hypothesis (H0): data is Homoscedastic. Alternative Hypothesis (H1): data is Heteroscedastic

Source(s): Table by authors

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