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CPS2265 Siti Salwani Ismail et al.
correlation, hoterocedasticity and as well as normality of the distribution of
the residuals were fail to reject. Therefore, we can conclude that the model has
passed for the diagnostic test.
Table 6: Diagnostic Checking Result
Test statistics F-statistics Probability
Autocorrelation 0.000 0.9819
Normality 1.5799* 0.4539
Heterocedasticity 0.3835** 0.7793
*Jacque-bera
** Breush-Pagan-Godfrey

8. Discussion and Conclusion
Malaysia’s real estate market is a significant contributor to the country’s
gross domestic product. This study aims to identify the factor affecting real
estate subsector performance using a proxy of real estate gross output value.
From the findings, it revealed that loan approved and base lending rate has
negative effect to the gross output value, while the changes of average price
house have positive effect to the output. In terms of causality relationships,
the results found that there are have relationship between base lending rate
and average price house and output of real estate with base lending rate.

References
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