Table 13.

Diagnostic tests.

Test	Specification 1		Specification 2		Specification 3		Specification 4		Specification 5		Specification 6
	Value	Prob.	Value	Prob.	Value	Prob.	Value	Prob.	Value	Prob.	Value	Prob.
Durbin-Watson stat	3.324		3.458		3.254		3.075		2.733		2.959
Jarque-Bera	0.947	0.623	1.932	0.381	0.126	0.939	0.385	0.825	1.066	0.587	0.289	0.865
ARCH Test	1.666	0.217	0.016	0.901	2.482	0.131	1.158	0.337	0.123	0.730	0.071	0.793
B-G SC LM Test	5.157	0.108	2.676	0.146	6.430	0.239	2.499	0.255	2.673	0.163	0.629	0.573
Ramsey RESET Test	3.627	0.216	1.984	0.218	0.365	0.654	0.083	0.800	5.672	0.630	1.210	0.470
CUSUM	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable
CUSUMQ	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable
Test	Specification 7		Specification 8		Specification 9		Specification 10		Specification 11		Specification 12
Durbin-Watson stat	3.023		3.390		2.866		2.915		3.487		3.456
Jarque-Bera	1.534	0.464	0.096	0.953	2.494	0.287	1.441	0.487	1.608	0.448	0.177	0.915
ARCH Test	1.060	0.316	2.290	0.117	0.200	0.659	0.913	0.419	2.930	0.102	2.211	0.139
B-G SC LM Test	1.276	0.322	1.921	0.398	4.668	0.120	3.015	0.138	2.235	0.148	1.316	0.151
Ramsey RESET Test	1.433	0.443	4.088	0.153	0.934	0.419	1.050	0.345	0.056	0.835	0.881	0.482
CUSUM	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable
CUSUMQ	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable	Stable