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Hi! I have a question relating to panel unit roots: Do I have to do panel unit root tests for my data???? My work deals with executive remuneration data with N>T (or) Is it that panel unit root tests are only applicable to macro economic variables such as GDP, Imports, Exports etc.,??? Very very thk...

Hi!

An update to my previus post....In one of the posts, I read that if we just list the variables and (as Y X1 X2)then run it might work....I tried but still am getting the same message. I am using EVIEWS 8

Please help me....

Glenn I am using EVIEWS 8...and installed the add in for Breusch Pagan LM test.

Howver, when I run the test, I am gettinga message as:

Procedure can only be run from equations estimated by list

Why is this happening??

Kindly advice me in this regard.....

Run the models....

Then conduct Hausman test.

For more details see: https://www.youtube.com/watch?v=MKyR0L1-O2k


Wether u use FE or RE depends on Huasman test results.

Hi! I have two RE models and the details are as below: Model 1: 2 main+ 4 controls + Time + industry dummy Model 2: 2 main+ 4 controls + Time The only difference between the two models is that the second model has no industry dummy. Can I compare and analyse the coefficients of the two models, even ...

Hi! I have panel data set with 65 firms spread over 5 years (2009-2013) The issue that I am facing is that I have to test for heteroscedasticity. As no direct test for het. is available I have to convert the panel structured/dated to unstructured so I will be able to run White test. How do I underta...

Dear Garreth Pg. 280 "Panel data analysis using eviews" by I Gusti Ngura Agung (Published by Wiley, 2014) recommends applying Newey west option instead of White as the former is consistent with "Heteroskedasticity and autocorrelation of unknown form" in panel data. Could u please...

For autocorrelation use DW statistic in regression output...
Eviews offers no test for Heterosck.

I want to run a fixed effects model with HAC standard errors enabled....In cross section equation estimation window to enable Rob. SEs we go to options>and than choose EITHER "White" or "HAC Newey west(for time series data)" How do I enable the same for panel data...as in equatio...

Test Summary Chi-Sq. Statistic Chi-Sq. d.f. Prob.

Cross-section random 0.101977 1 0.7495


WARNING: estimated cross-section random effects variance is zero**

Hi!

I'm getting this message.

What does it mean for my model????

Hi Garreth! Thanks a lot for the reply. It really helped. :D :D :D However, I have another question for the same data set. I now need to control for "industry effects and "time effects" (both together). If we use STATA, the approach is as below: (My doubt is that HOW DO I REPLICATE TH...

Hi! In my panel data set, I have the data in the following format Year Company Industry 2010 ABC Pharma 2011 ABC Pharma 2012 ABC Pharma 2010 DEF Electricals 2011 DEF Electricals 2012 DEF Electricals 2010 MNO Finance 2011 MNO Finance 2012 MNO Finance I want to create industry dummies for each of the ...