Multiple Choice
The fact that panel data varies across both individuals and time-periods should allow us to ___________ by accounting for the time constant component in the error term.
A) generate unbiased parameter estimates
B) correctly estimate the true parameter values
C) control for autocorrelation
D) improve the efficiency of the parameter estimates
Correct Answer:
Verified
Correct Answer:
Verified
Q17: The biggest difference between fixed-effects and random-effects
Q18: Fixed-effects models and first-differenced models<br>A)assume that the
Q19: What is a first-differenced model? How is
Q20: Fixed-effects models are more appropriate than random-effects
Q21: Fixed-effects models are preferable to pooled cross-section
Q23: What does the error term look like
Q24: Random-effects models improve on pooled cross-section models
Q25: Suppose that in an effort to explain
Q26: What is a random-effects model? How do
Q27: Suppose that in an effort to explain