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It is graphical residual representations along with actual and fitted values NSDP &NSDP/Capita using the GMM model. As we can see the residual or error terms of the model presented through blue color are within the limit of -1 to +1. While actual and fitted values of NSDP are moving alongside. There is not much deviation between the actual and fitted values of NSDP. Table 8: Panel two-step GMM using NSDP/Capita as dependent variable.
