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Table 5 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

1203.168

(1, 3707)

0.0000***

F-statistics

31952.30

(1, 323)

0.0000***

Chi square

1203.168

1

0.0000***

Chi square

31952.30

1

0.0000***

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