Table 6: Diagnostic test results.

Heteroskedasticity Test: Breusch-Pagan-Godfrey
F-Statistics 0.806918 Prob. F (19,10) 0.6279
Obs*R-squared 9.247573 Prob. Chi-Square (19) 0.5088
Scaled explained SS 1.973829 Prob. Chi-Square (19) 0.9965
JARQUE-BERA TEST
Jarque-Bera 0.242205 Probability 0.885943
RAMSEY RESET TEST
Value Df P-Value
F-Statistics 0.116174 (1,11) 0.7396

Source: Computed by the Researchers via E-view software.