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Table 6 Diagnostic tests

From: Oil price, energy consumption and carbon dioxide (CO2) emissions: insight into sustainability challenges in Venezuela

Dependent variable lnEngy lnEngy lnCO2 lnCO2 lnRgdpc lnRgdpc
Specifications 1 2 3 4 5 6
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]
  1. Probability values in []; BG is for Breusch–Godfrey serial correlation LM test