Test at 5% significance level if the errors are series uncorrelated.

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Test at 5% significance level if the errors are series uncorrelated.

(a)
Consider the following EViews' output:
Breusch-Godfrey Serial Correlation LM Test:
Null hypothesis: No serial correlation at up to 2 lags
F-statistic
0.012581 Prob. F(2,8)
0.037625 Prob. Chi-Square(2)
0.9875
Qbs*R-squared
0.9814
Test Equation:
Dependent Variable: RESID
Method: Least Squares
Date: 10/26/20 Time: 17:22
Sample: 1 12
Included observations: 12
Presample missing value lagged residuals set to zero.
Variable
Coefficient
Std. Error
t-Statistic
Prob.
-0.039818
1.020840
-0.039005
0.9698
0.002751
0.048285
0.056976
0.9560
RESID(-1)
RESID(-2)
-0.008792
0.366258
-0.024006
0.9814
-0.072323
0.455941
-0.158623
0.8779
0.003135 Mean dependent var
-0.370689 S.D. dependent var
1.332377 Akaike info criterion
R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
Log likelihood
F-statistic
-1.41E-14
1.138041
3.673008
14.20184 Schwarz criterion
-18.03805 Hannan-Quinn criter,
0.008387 Durbin-Watson stat
3.834644
3.613165
1.737937
Prob(F-statistic)
0.998854
Transcribed Image Text:(a) Consider the following EViews' output: Breusch-Godfrey Serial Correlation LM Test: Null hypothesis: No serial correlation at up to 2 lags F-statistic 0.012581 Prob. F(2,8) 0.037625 Prob. Chi-Square(2) 0.9875 Qbs*R-squared 0.9814 Test Equation: Dependent Variable: RESID Method: Least Squares Date: 10/26/20 Time: 17:22 Sample: 1 12 Included observations: 12 Presample missing value lagged residuals set to zero. Variable Coefficient Std. Error t-Statistic Prob. -0.039818 1.020840 -0.039005 0.9698 0.002751 0.048285 0.056976 0.9560 RESID(-1) RESID(-2) -0.008792 0.366258 -0.024006 0.9814 -0.072323 0.455941 -0.158623 0.8779 0.003135 Mean dependent var -0.370689 S.D. dependent var 1.332377 Akaike info criterion R-squared Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic -1.41E-14 1.138041 3.673008 14.20184 Schwarz criterion -18.03805 Hannan-Quinn criter, 0.008387 Durbin-Watson stat 3.834644 3.613165 1.737937 Prob(F-statistic) 0.998854
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