Tests for serial correlation, heteroskedasticity and normality

Ethiopia

India

UK

Breusch-Godfrey Serial Correlation LM Test

H₀: No serial correlation at lag order h

Obs*R-squared

7.2878

0.594726

0.536581

Prob. Chi-Square(2)

0.0084

0.7428

0.7647

Decision

Reject

Accept

Accept

Heteroskedasticity Test: Breusch-Pagan-Godfrey

H₀: Residuals are homoskedastic

Obs*R-squared

7.2878

2.002736

9.444304

Prob. Chi-Square(4)

0.1214

0.7353

0.0500

Decision

Accept

Accept

Reject

Test of normality of residuals

H₀: Joint hypothesis of the skewness being zero and the excess kurtosis being zero

Jarque Bera

0.672

1.576

5.336

p-value

0.715

0.4547

0.069

Decision

Accept

Accept

Accept