Test | Model 1 | Model 2 | Model 3 | Model 4 |
---|---|---|---|---|
Frees | 2.104*** (0.000) | 2.645*** (0.000) | 2.244*** (0.000) | 3.225*** (0.000) |
Friedman | 42.221*** (0.000) | 50.492*** (0.000) | 53.804*** (0.000) | 53.156*** (0.000) |
Pesaran | 0.401 (0.688) | 1.570 (0.116) | 1.334 (0.182) | 2.453** (0.014) |