The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 7 Diagnostic test results performed on the ARDL model
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 |