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Table 6 Diagnostic tests

From: Balancing short-term costs and long-term benefits: an analysis of the impact of hydroelectric power generation on electricity prices volatility in Cameroon

 

Statistics

Prob

Decision

Breusch–Godfrey LM test

0.174

0.6861

No serial correlation

Breusch–Pagan test for heteroskedasticity

0.87

0.3509

Constant variance

White's test

19.00

0.3918

Homoskedastic

Histogram-normality test

1.567

0.4569

Normally distributed

Cumulative sum test for parameter stability

0.2206

0.9479

Structural break

  1. Source: Authors