I am running a regression using panel data and 800 observations and Jarque-Bera statistic is around 500 with Prob = 0.00،In your opinion,That is too large.
Re: Jarque-Bera statistic is too large
Posted: Mon Apr 14, 2014 5:25 am
by BobJ
Not necessarily. It just means that the population errors are quite far from being normally distributed.