The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 6 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 = 0.0002) |
Jarque Berra test: residuals are normally distributed | We reject null hypothesis (P value = 0.0000) |
Breusch–Pagan–Godfrey: not Heteroskedastic | We accept null hypothesis (P value 0.0582) |