Panel Data Model Selection
Posted: Wed Nov 14, 2018 1:22 pm
Im currently evaluating a panel data set and i have trouble interpreting and selecting an appropriate model for my data.. I have already conducted the likelihood test and Hausman test and outputs are attached in this topic. Could some please explain to me how to interpret these results and which model should I select? in my case The hausman test suggest that a fixed effect model is appropriate right? And since from the likelihood test period f and period chi squares values are not significant.. Should my model be a period fixed model? Any help would be much appreciated. thank you...