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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 4 Residual diagnostic result of the first model.

From: Monetary policy and business cycle fluctuations of the Lebanese economy

Test and residual specification—null hypothesis

Results

LM test: there are no serial correlations in the residuals

We reject null hypothesis (P value = 0.0000)

Jarque Berra test: residuals are normally distributed

We accept null hypothesis (P value = 0.471246)

Breusch–Pagan–Godfrey: not Heteroskedastic

We reject null hypothesis (P value = 0.0004)