Top 3 Model Specification Tests in Econometrics​
Top 3 Model Specification Tests in Econometrics Ramsey’s Reset Test Non-nested F test or Encompassing F test Davidson Mackinnon J test This test is used to test mis-specification of models. In this test we run regression on model 1 and obtain estimated value of regressand and then use the square and cube of estimated value …
Top 3 Model Specification Tests in Econometrics​ Read More »