Further tests were done on the regression and the following results were obtained:

Heteroskedasticity Test: Breusch-Pagan-Godfrey F-statistic 17.43103 Prob. F(2,221) 0.0000 Obs*R-squared 30.52075 Prob. Chi-Square (2) 0.0000

Scaled explained SS 40.12441 Prob. Chi-Square (2) 0.0000

A. Identify the null and alternative hypothesis of the Jarque-Bera test and Interpret the test result at 1% and 5% level.

B. Identify the null and alternative hypothesis of the Breusch-Pagan-Godfrey test and Interpret the test result at 5% level.