Table 6 Diagnostic tests

Adjusted R-squared

0.832

0.833

0.710

0.691

0.889

0.886

Durbin–Watson Stat

2.189

2.239

2.207

2.053

1.762

1.873

BG serial correlation LM test

0.800

[0.378]

1.209

[0.281]

1.051

[0.314]

0.076

[0.784]

0.596

[0.446]

0.139

[0.712]

ARCH test for heteroscedasticity

0.964

[0.326]

0.762

[0.388]

0.588

[0.448]

1.285

[0.264]

0.909

[0.346]

1.264

[0.268]

Jarque–Bera normality test

0.958

[0.619]

0.841

[0.657]

1.383

[0.501]

1.376

[0.503]

2.778

[0.249]

3.101

[0.212]