| Residual test | ||
| Normality Test | Jarque-Bera Test | p value = 0.120232 |
| Heterosked asticity Test | Breusch-Pagan-Godfrey Test | F(3, 7) = 0.098470 |
| Obs* R-squared = 0.445418 | ||
| Chi-Square (3) = 0.9307 | ||
| Harvey Test | F(3, 7) = 0.219636 | |
| Obs* R-squared = 0.946347 | ||
| Chi-Square (3) = 0.8142 | ||
| Serial Correlation | Breusch-Godfrey LM Test | F(2, 5) = 0.643682 |
| Obs* R-squared = 2.252295 | ||
| Chi-Square (2) = 0.3243 | ||
| Ramsey RESET Test | t-statistic = 0.946908 | |
| F-statistic = 0.896635 | ||
| Probability = 0.3802 | ||