Table 6: Model diagnostic tests.

Test Statistics F-statistic Probability

Breusch-Godfrey Serial Correlation LM Test1.79550.1834
Heteroskedasticity Test: Breusch-Pagan-Godfrey0.73250.6622
Jarque-Bera0.17650.9155
Ramsey RESET Test0.56340.4585
Chow Breakpoint Test1.86220.1104
Chow Forecast Test1.04430.4703