Dependent variable: M2

Regressors: Income, CPI, Real Effective Exchange Rate

Wald Test: c(1)=c(2)=c(3)=c(4)=c(5)=0 yields a F-Statistic of  279.9628. 

The intention ofcourse is to compare the F-statistic to the Critical Bounds by Narayan (2005) since my sample size is 35. 

My question is: is there any criteria that guides the size of the F-statistic as I am afraid that the F-Statistic i obtained under the Wald test is too large. 

Your commentary and advice will be greatly appreciated. Thank you. 

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