(a) Differentiate between the within and between estimators in panel data analysis. (5) (b) Explain the implications...
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(a) Differentiate between the within and between estimators in panel data analysis. (5)
(b) Explain the implications of not considering the correlation structure in panel data and how such a situation can be remedied. (5)
(c) With reference to the number of cross-sectional units N and time T dimensions, discuss how these two dimensions impact the choice between Fixed effects model and Random effects model (5)
Related Book For
Applied Regression Analysis and Other Multivariable Methods
ISBN: 978-1285051086
5th edition
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
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