Implementing the Ramsey RESET Test in Stata

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Hi Jeff, thanks for your video. If the ovtest rejects the null hypothesis which indicates the necessity of adding the quadratic or even cubed term of the predicted y, in the presence of several independent variables, how can we decide which quadratic (cubed) forms, or even cross products,  of independent variables should be added? Thanks a lot.

jasonwong
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Hello Jeff, could you please post the command you used for getting the squared values on the fly. Many thanks.

bflynn
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Hey Jeff after running the test i got F(3, 308)=10.36 and Prob> F=0.000

amdadulhaque
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Thaaanks. the explanations were great!

cpencils
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Hi, is there any expert in econometrics?

ghazi-e-islam
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Hi, Jeff, two questions.
1. how to do if I only want to test to the power of 2 and 3, not including to the power of 4.
2. how to do this test after quqntile regression? I tried, but it did not work.
many thanks.

CanDoSo_org
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Thanks! Great job, thanks for helping me out.
(but please get a better mic)

HyozanX
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Hello, Jeff! In your regression you used your regressor AND squared version of that regressor. Since you can predict your regressor, knowing the value of your squared regressor, is there an issue of multicollinearity?

daniiarmoldokanov
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Can I do a Ramsey test when doing a logit?

isabelelsneralmonte
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Can Ramsey RESET test be done on panel data??

MegaHusky