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

Table 7 Diagnostic test results performed on the ARDL model

From: Uganda’s experience with debt and economic growth: an empirical analysis of the effect of public debt on economic growth—1980–2016

Test for: Diagnostic Test p values Status
Heteroscedasticity Breusch–Pagan–Godfrey Test 0.495122 (0.9263) No Heteroskedasticity
Goodness of Fit R-Square Test 0.925020 Model fits data well
Normality Jarque–Bera Test 1.24588 (0.536365) Residuals are normal