Panel Least Squares 2020.

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Fatema19
Posts: 12
Joined: Mon Nov 25, 2019 6:37 am

Panel Least Squares 2020.

Postby Fatema19 » Sat Apr 11, 2020 10:02 am

Hello freinds,

Im actually examining a panel data for my study.Actually i wanted to use GMM model in the beginning, but now i want to use panel least squares. I read about least squares and saw few videos, but still dont have a clear idea about all the steps that i must do before starting estimating, i know that for estimation in eviews (as i will use eviews and not stata) : 

1. Specify the equation command in the software;
2. Run the estimations to get the results and then check the diagnostics to onfirm there is no problem with results;
3. Solve problems in case if there is any one (autocorrelation, multicolinearity and heteroscedasticity);
8. Extract results and tabulate for analysis.

But before all that, 
Imean before choosing the model do we need to do any tests ? as im intending to use panel least squares, should i do any tests before runing the estimations ?

I have other questions ?

- How to determine the regression equation ?
- How can i know wich model should i use : fixed effet or random ? - I read that we must do some tests but which tests !?

I would appreciate if you can share step by step instructions if possible. Im new to econometrics, so please apologise my number of questions. Actually i ask lot of questions by nature, i like to learn about everything.
Thank you in advance for any feedback.
Best regards

samlrs
Posts: 1
Joined: Fri Oct 09, 2020 4:51 am

Re: Panel Least Squares 2020.

Postby samlrs » Thu Oct 22, 2020 5:20 am

Hello freinds,

Im actually examining a panel data for my study.Actually i wanted to use GMM model in the beginning, but now i want to use panel least squares. I read about least squares and saw few videos, but still dont have a clear idea here https://pro-essay-writer.com/blog/sat-score about all the steps that i must do before starting estimating, i know that for estimation in eviews (as i will use eviews and not stata) : 

1. Specify the equation command in the software;
2. Run the estimations to get the results and then check the diagnostics to onfirm there is no problem with results;
3. Solve problems in case if there is any one (autocorrelation, multicolinearity and heteroscedasticity);
8. Extract results and tabulate for analysis.

But before all that, 
Imean before choosing the model do we need to do any tests ? as im intending to use panel least squares, should i do any tests before runing the estimations ?

I have other questions ?

- How to determine the regression equation ?
- How can i know wich model should i use : fixed effet or random ? - I read that we must do some tests but which tests !?

I would appreciate if you can share step by step instructions if possible. Im new to econometrics, so please apologise my number of questions. Actually i ask lot of questions by nature, i like to learn about everything.
Thank you in advance for any feedback.
Best regards


always run the test firts
about the regression equation you should check out this article http://www.eviews.com/help/helpintro.ht ... Model.html


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