Urgent Help "Panel Data Issues"

For econometric discussions not necessarily related to EViews.

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annie
Posts: 6
Joined: Sat Sep 07, 2013 11:52 pm

Urgent Help "Panel Data Issues"

Postby annie » Tue Sep 10, 2013 1:55 pm

Dear Users,

I am having several issues with my panel data, the first problem I get is of "insufficient number of observation".

I have tried removing my independent variable but then when I try to regress my equation, it gives me the message of "near singular matrix".

I am fairly new to this but I have done all my reading, I urgently need the results so any advice would be useful.

I am attaching both my excel and eviews file.

This is my equation (vardi c bsize bindep rcom rcidep instiowner bm size cap ratio news)

Thanks
Last edited by annie on Tue Sep 10, 2013 5:35 pm, edited 1 time in total.

startz
Non-normality and collinearity are NOT problems!
Posts: 3798
Joined: Wed Sep 17, 2008 2:25 pm

Re: Urgent Help "Panel Data Issues"

Postby startz » Tue Sep 10, 2013 2:12 pm

The problem may be that you've read in some of your variables as alphas rather than numbers.

annie
Posts: 6
Joined: Sat Sep 07, 2013 11:52 pm

Re: Urgent Help "Panel Data Issues"

Postby annie » Tue Sep 10, 2013 2:14 pm

Hiya,

How can I overcome this?
Thankyou

Note: Are you able to open my eviews file and edit it, would be much appreciated. (this is taking over my life) :shock:

Ok I got it thanks.

So I think I should be able to run the equation.
Last edited by annie on Tue Sep 10, 2013 2:19 pm, edited 1 time in total.

startz
Non-normality and collinearity are NOT problems!
Posts: 3798
Joined: Wed Sep 17, 2008 2:25 pm

Re: Urgent Help "Panel Data Issues"

Postby startz » Tue Sep 10, 2013 2:17 pm

I would think you can just drop your excel file on EViews.

annie
Posts: 6
Joined: Sat Sep 07, 2013 11:52 pm

Re: Urgent Help "Panel Data Issues"

Postby annie » Tue Sep 10, 2013 2:29 pm

I am able to run my equation, although it is not giving me the results I want.

When I try to do fixed or random effects, it says "the equation does not contain fixed or random effects".

Do u know why this may be.

Thankyou

startz
Non-normality and collinearity are NOT problems!
Posts: 3798
Joined: Wed Sep 17, 2008 2:25 pm

Re: Urgent Help "Panel Data Issues"

Postby startz » Tue Sep 10, 2013 2:32 pm

You need to use the estimate tab to tell EViews if you want fixed or random effects.

annie
Posts: 6
Joined: Sat Sep 07, 2013 11:52 pm

Re: Urgent Help "Panel Data Issues"

Postby annie » Tue Sep 10, 2013 2:49 pm

I am getting negative results where it should be positive, my first five independent variables should all be positive. Is this to do with my data perhaps. Is there any way I can overcome this problem.

startz
Non-normality and collinearity are NOT problems!
Posts: 3798
Joined: Wed Sep 17, 2008 2:25 pm

Re: Urgent Help "Panel Data Issues"

Postby startz » Tue Sep 10, 2013 2:52 pm

It could be your data. It could be your specification.

Some days research doesn't go as expected.

annie
Posts: 6
Joined: Sat Sep 07, 2013 11:52 pm

Re: Urgent Help "Panel Data Issues"

Postby annie » Tue Sep 10, 2013 3:01 pm

It could be your data. It could be your specification.

Some days research doesn't go as expected.
Thankyou, could it be the problem of my decimal places, should all the numbers be in decimal in my excel sheet, I am just confused because it should be all positive.

startz
Non-normality and collinearity are NOT problems!
Posts: 3798
Joined: Wed Sep 17, 2008 2:25 pm

Re: Urgent Help "Panel Data Issues"

Postby startz » Tue Sep 10, 2013 3:07 pm

Decimal places are unlikely to matter.

How do you know what the coefficients "should" be?


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