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Table 11 Wald coefficient restriction test

From: Impact of market anomalies on stock exchange: a comparative study of KSE and PSX

KSE

PSX

Test statistics

Values

df

Prob.

Test statistics

Values

df

Prob.

F-statistics

19.18912

(1, 171)

0.0000***

F-statistics

1079.889

(1, 4)

0.0000***

Chi square

19.18912

1

0.0000***

Chi square

1079.889

1

0.0000***

  1. *Denotes significance at 10 per cent, **significance at 5 per cent and ***significance at 1 per cent