Model | LNFLE | LNFAM | Existence | ||
---|---|---|---|---|---|
Test | Test statistic | p value | Test statistic | p value | |
Modified Wald test for group wise heteroskedasticity | χ2 = 72.22 | 0.000 | χ2 = 2128.93 | 0.000 | Yes |
Wooldridge test for autocorrelation in panel data | F-statistic = 351.239 | 0.000 | F-statistic = 14.621 | 0.004 | Yes |