Question: Based on the following output tables, write all the panel data regression models. Which is a better model, FEM or REM? Justify your answer. (200

  1. Based on the following output tables, write all the panel data regression models. Which is a better model, FEM or REM? Justify your answer. (200 words)

Table C:

Correlated Random Effects - Hausman Test

Test cross-section random effects

Test Summary

Chi-Sq. Statistic

Chi-Sq. d.f.

Prob.

Cross-section random

3.700706

2

0.1572

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