(EViews10) Panel Data Analysis Pooled OLS (POLS), Fixed effect (FEM), and Random Effect (REM) Models

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In this video, I am going to show how to select the best model out of the three regression models Pooled Regression Model Fixed effect Model Random effect model and Hausman Test.
The variable we used in this video is Money Demand (M3) Consumer Price Index (CPI) (Not FDI (sorry about the Tipo mistake)and Interest Rate (Rate).
To choose between POLS and the Fixed Effect model I apply Fixed/Random effect Testing with a Redundant fixed effects-likelihood ratio.

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[youssoufkeita]

This is a phenomenal experience with you Sr...Well explained

[trucgiangnguyenthi]

Thank you so much for making this amazing video. It helps me a lot to fight with my graduation thesis <3 the best eviews tutorial I have ever watched!

[-MohammadNajmulHasan]

one of the best videos on panel data regression in reviews. thank you for making this. helped me a lot to complete my thesis...

[sd]

Thank you very much! This video is great it made it so clear to me, helping me out with the empirical part of my thesis!! You saved me, no other video on youtube for POLS, FEM and REM is like this one. Im so thankful!! TOP.

[nkn]

Thank you so much for your video. This helps me a lot in doing my thesis ❤❤❤

[aladiresoliu]

Well done Sir,

But would you kindly check this again, you forgot to remove the estimator from Fixed this estimated Fixed effect output as same as Pool Output.


You can check around 9 Minutes upward Sir

[AnumGulzar-iytl]

Respected sir, can you tell us, where are you from collected the data? Because Your results are ideal

[ravichandrankk]

Excellent explantion sir Please send your notes in MS Word for my reference

[abdurrahimkaya]

Hi teacher, first of all thank you very much for your contributions. I am a master's thesis student, while I reach the conclusion that I need to do fixed when I do the F test in the analysis of the model I have established, and when I do the Hausman test, I reach the conclusion that I have to do a randoom. In other words, the same model states that I have to make both fixed and randoom. What should I do? Can you help me?

[yasminebadr]

Thank you so much for the great explanation, i wanted to ask if i used stata instead of eviews would i get the same results for a panel data?

[husseinawdalkrem]

Thanks a million for sharing this great video
can l get the pdf file please?

[mohamedalimohamed]

Hi teacher, first of all thank you so much for making this amazing videos. It increase my knowledge of Econometrics. After that, Can i have the lessons in powerpoint?

[hasinazoe]

for fixed and random effect models, there must be different constants for different individuals, so why is there only one constant?

[tishasolis]

Hi lecturer,
Do I need to perform unit root test, heteroskedasticity, multicollinearity, and autocorrelation? If yes, my main independent variable is not stationed on all levels of ADF. how do you think I should proceed?

[sadaffathi]

Hi i have question regarding this, why t statistic interpretation is different from f statistic when I select fixed effects model? According to hausman test FE is preferred 🤔 thank you

[farihanuva]

hi sir. hope you are doing well. i wanted to ask how to remove the auto correlation problem/multi collinearity problem of panel data if there is any? also what to do if the results show the relation between independent and dependent variables is insignificant? thank you.

[Koketso_T]

Id stand for what under cross section ID series?

[Max-nwjf]

Hi teacher, what if the results for fixed is different from random and pool model?

[ananyadixit]

Sir when I am running the random effect model, it is showing that number of cross sections should be greater than number of coefficients for between estimator for estimate of RE innovation variance. what to do in this case,

[bellisma]

Can i start using the analysis if i have missing data?