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Hi All, I have run a Hausman test on a set of random variables and have received the following results: Chi-Squared Statisitc = 0.026624 Chi-Squared d.f = 6 Prob. = 1.0000 Can anyone tell me what this means, does it mean i should used Fixed effects or Random effects? I am so confused please help.

Thanks Gareth, that was quick. 1 more question now i have run a new regression with the 2nd difference variable and I ran the Hausman test and it shows on random that Chi squared stat is 0.016890. Which i think means i can either use fixed or random, correct? When i compare my random model against m...

Hi All, I am very stuck, and hope you guys can help me I am doing a Panel Least Squares analysis for my undergraduate Dissertation and have been told by my peers that i have to test for stationarity. I have a variable which is only stationary at the 2nd difference level however i don 't know what co...