Table 3 Model diagnostics
Models | Multicollinearity tests | Specification test | Pseudo R2 | AIC | BIC | |
|---|---|---|---|---|---|---|
VIF | Tolerance | P>|t| | ||||
Model 1 | 1.05 - 1.45 | 0.68 – 0.97 | 0.063 | 0.429 | 3247.5 | 3360.6 |
Model 2 | 1.04 - 1.55 | 0.65 – 0.95 | 0.084 | 0.430 | 2697.7 | 2798.3 |
Model 3 | 1.00 - 1.22 | 0.82 – 0.99 | 0.845 | 0.092 | 841.7 | 889.5 |
Model 4 | 1.06 - 1.23 | 0.81 – 0.94 | 0.205 | 0.446 | 1936.9 | 2050.1 |