Generalized Autoregressive Conditional Heteroskedastic Model to Examine Silver Price Volatility and Its Macroeconomic Determinant in Ethiopia Market

Table 4

Test of serial correlation and normality for the residuals of the tentatively fitted ARMA (1, 3) model.

Statistic	Lag
	1	2	3
F-statistic	0.946195 (0.331960)	0.476227 (0.62187)	2.48187 (0.06243)
statistic	0.851700 (0.356072)	0.8634 (0.649406)	7.351168 (0.06151)
JB statistic	2.447089 (0.294)

Note: values in parentheses are values.