Table 6 Residual diagnostic tests
From: Fiscal dominance and exchange rate stability in Nigeria
Test statistic | Value | Prob. values |
|---|---|---|
Ramsey-RESET | ||
t-stat | 0.187 | 0.852 |
F-stat | 0.035 | 0.852 |
Serial correlation | ||
F-stat | 1.569 | 0.213 |
NR2 | 4.248 | 0.120 |
Heteroscedasticity | ||
F-stat | 1.368 | 0.111 |
NR2 | 46.465 | 0.137 |
Scaled explained SS | 40.889 | 0.304 |