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Diagnostic tests
| Test | Null hypothesis | P-value | Result |
|---|---|---|---|
| Jarque–Bera test | H0: The error terms are not normally distributed | 0.573 | Normally distributed |
| Breusch-Godfrey LM test | H0: There is no serial correlation | 0.588 | No serial correlation |
| White test | H0: There is no heteroskedasticity | 0.331 | Homoskedastic |
