Test Homoskedasticity Sample Clauses

Test Homoskedasticity. In an effort to subject the efficiency of the estimator used in this study to test, homoskedasticity tested on the residuals of the ARDL estimates by employing ▇▇▇▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇▇. The results were displayed by Table 6: F-statistic 1.335146 Prob. F(6,9) 0.3342 Obs*R-squared 7.534828 Prob. Chi-Square(6) 0.2742 ▇▇▇▇▇▇ explained SS 4.278462 Prob. Chi-Square(6) 0.6390 In addition, the null hypothesis in this test is that the residuals are homoskedastic. Observing closely Table 6 however revealed that the F-statistic p-value is 0.3342, which is higher than critical values at 0.01 and 0.05; hence, there was inadequate evidence to reject the null hypothesis at both 1% and 5% significance levels. We therefore concluded that the residuals were homoskedastic and the estimator was efficient.
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