Wald Test:

Equation: Method 1Homoskedastic

Test Statistic
F-statistic
Chi-square

Value

df

Probability

333.0109
666.0218

(2, 63189)
2

0.0000
0.0000

Value

Std. Err.

0.053813
-0.000600

0.003508
5.34E-05

Null Hypothesis: C(5)=0, C(6)=0

Null Hypothesis Summary:
Normalized Restriction (= 0)
C(5)
C(6)
Restrictions are linear in coefficients.

Ramsey RESET Test

Equation: Method2 Homoskedastic
Specification: AHE C FEMALE AGE YRSEDUC
Omitted Variables: Powers of fitted values from 2 to 3

F-statistic
Likelihood ratio

Value
333.0109
662.5992

df
(2, 63189)
2

Probability
0.0000
0.0000

Sum of Sq.
89760.23
8605786.
8516026.

df
2
63191
63189

Mean
Squares
44880.11
136.1869
134.7707

Value
-244938.8
-244607.5

df
63191
63189

F-test summary:

Test SSR
Restricted SSR
Unrestricted SSR
LR test summary:
Restricted LogL
Unrestricted LogL

Unrestricted Test Equation:

Dependent Variable: AHE
Method: Least Squares
Date: 04/01/14 Time: 03:20
Sample: 1 63195
Included observations: 63195
Variable

Coefficient

Std. Error

t-Statistic

Prob.

C
FEMALE
AGE
YRSEDUC
FITTED^2
FITTED^3

18.02581
2.467769
-0.083843
-1.003355
0.053813
-0.000600

1.688098
0.428537
0.014722
0.173081
0.003508
5.34E-05

10.67818
5.758597
-5.695061
-5.797036
15.33839
-11.23127

0.0000
0.0000
0.0000
0.0000
0.0000
0.0000

R-squared
Adjusted R-squared

0.271599
0.271542

Mean dependent var

S.D. dependent var

22.04468
13.60177

S.E. of regression
Sum squared resid
Log likelihood
F-statistic
Prob(F-statistic)

11.60908
8516026.
-244607.5
4712.266
0.000000

Akaike info criterion

Schwarz criterion
Hannan-Quinn criter.
Durbin-Watson stat

7.741547
7.742406
7.741813
1.790611

Wald Test:
Equation: Method1Heteroskedastic
Test Statistic
F-statistic
Chi-square

Value

df

Probability

586.0803
1172.161

(2, 63189)
2

0.0000
0.0000

Value

Std. Err.

0.053813
-0.000600

0.003540
6.05E-05

Null Hypothesis: C(5)=0,C(6)=0

Null Hypothesis Summary:
Normalized Restriction (= 0)
C(5)
C(6)
Restrictions are linear in coefficients.

Ramsey RESET Test

Equation: Method2Heteroskedastic
Specification: AHE C FEMALE AGE YRSEDUC
Omitted Variables: Powers of fitted values from 2 to 3

F-statistic
Likelihood ratio

Value
333.0109
662.5992

df
(2, 63189)
2

Probability
0.0000
0.0000

Sum of Sq.
89760.23
8605786.
8516026.

df
2
63191
63189

Mean
Squares
44880.11
136.1869
134.7707

Value
-244938.8
-244607.5

df
63191
63189

F-test summary:

Test SSR
Restricted SSR
Unrestricted SSR
LR test summary:
Restricted LogL
Unrestricted LogL

Unrestricted Test Equation:

Dependent Variable: AHE
Method: Least Squares
Date: 04/01/14 Time: 03:47
Sample: 1 63195
Included observations: 63195
White heteroskedasticity-consistent standard errors & covariance
Variable

Coefficient

Std. Error

t-Statistic

Prob.

18.02581

1.344885

13.40323

0.0000

FEMALE
AGE
YRSEDUC
FITTED^2
FITTED^3
R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
Log likelihood
F-statistic
Prob(F-statistic)
Prob(Wald F-statistic)

2.467769
-0.083843
-1.003355
0.053813
-0.000600
0.271599
0.271542
11.60908
8516026.
-244607.5
4712.266
0.000000
0.000000

0.373419
0.012935
0.146366
0.003540
6.05E-05

6.608587
-6.481736
-6.855129
15.20310
-9.922445

Mean dependent var

S.D. dependent var
Akaike info criterion
Schwarz criterion
Hannan-Quinn criter.
Durbin-Watson stat
Wald F-statistic

0.0000
0.0000
0.0000
0.0000
0.0000
22.04468
13.60177
7.741547
7.742406
7.741813
1.790611
4300.165