ovtest

[Guest]

Hi all
I got the result in ovtest as below: How should I interpret it?
. reg lwage edu exper tenure married south urban black iq, robust

Linear regression Number of obs = 935
F( 8, 926) = 48.51
Prob > F = 0.0000
R-squared = 0.2628
Root MSE = .36315

------------------------------------------------------------------------------
| Robust
lwage | Coef. Std. Err. t P>|t| [95% Conf. Interval]
-------------+----------------------------------------------------------------
educ | .0544106 .007273 7.48 0.000 .0401372 .0686841
exper | .0141458 .0032382 4.37 0.000 .0077908 .0205009
tenure | .0113951 .0025368 4.49 0.000 .0064166 .0163736
married | .1997644 .0390896 5.11 0.000 .12305 .2764789
south | -.0801695 .0277381 -2.89 0.004 -.1346063 -.0257327
urban | .1819463 .0267419 6.80 0.000 .1294646 .234428
black | -.1431253 .0376459 -3.80 0.000 -.2170064 -.0692442
iq | .0035591 .0009564 3.72 0.000 .0016822 .0054361
_cons | 5.176439 .1212236 42.70 0.000 4.938534 5.414344
------------------------------------------------------------------------------
. ovtest

Ramsey RESET test using powers of the fitted values of lwage
Ho: model has no omitted variables
F(3, 923) = 0.36
Prob > F = 0.7854

[Justin Niakamal]

No evidence of functional form misspecification.