| Test | Test Type | Model 1 | Model 2 | ||
| F-statistic | Prob. | F-statistic | Prob. | ||
| Heteroskedasticity | Breusch-Pagan-Godfrey | 1.2220 | 0.3201 | 0.4476 | 0.8414 |
| Serial Correlation | Breusch-Godfrey LM Test | 2.5199 | 0.0968 | 4.1591 | 0.0251 |
| Normality | Jarque-Bera | 0.3580 | 0.6380 | ||