Residual diagnostic test results
| Assumption | Test | Probability |
|---|---|---|
| Functional form | Ramsey’s reset test | 0.501 |
| Heteroscedasticity | Breusch-Pagan-Godfrey | 0.197 |
| Normality | Jarque-Bera test | 0.752 |
| Serial correlation | Breusch-Godfrey LM test | 0.438 |
| Assumption | Test | Probability |
|---|---|---|
| Functional form | Ramsey’s reset test | 0.501 |
| Heteroscedasticity | Breusch-Pagan-Godfrey | 0.197 |
| Normality | Jarque-Bera test | 0.752 |
| Serial correlation | Breusch-Godfrey LM test | 0.438 |
Source(s): Produced from BoG, IMF and WDI data, 2024
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