This is an exercise. Based on the given photo, test the hypothesis that the model is VALID or WELL-SPECIFIED at the 1% significance level. Why? Please, ASAP. Thank you.
This is an exercise. Based on the given photo, test the hypothesis that the model is VALID or WELL-SPECIFIED at the 1% significance level. Why? Please, ASAP. Thank you.
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This is an exercise. Based on the given photo, test the hypothesis that the model is VALID or WELL-SPECIFIED at the 1% significance level. Why? Please, ASAP. Thank you.
Transcribed Image Text:Dependent Variable: In GDPC
Method: Least Squares
Sample: 1971 2019
Included observations: 49
Variable
Coefficient
Std. Error
t-Statistic
Prob.
-41.02926
0.630461
-65.07815
0.0000
In PDEBT
-0.226727
0.020143
-11.25612
0.0000
In HC
In INFLATION
In TRADE
12.32295
0.168783
73.01074
0.0000
0.007450
0.007064
1.054637
0.2973
-0.158910
0.025013
-6.353102
0.0000
R-squared
0.996304 Mean dependent var
9.884210
Adjusted R-squared
0.995968
S.D. dependent var
0.517926
S.E. of regression
0.032887 Akaike info criterion
-3.895045
Sum squared resid
0.047588
Schwarz criterion
-3.702002
Log likelihood
100.4286 Hannan-Quinn criter,
-3.821804
F-statistic
2965.294
Durbin-Watson stat
1.369546
Prob(F-statistic)
0.000000
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