Question: Based on the output of panel data regression, analyze Fixed effect model, random effect model and Haussmann tests results. (IV: CSR, DV: Firm Sales) (10
Based on the output of panel data regression, analyze Fixed effect model, random effect model and Haussmann tests results. (IV: CSR, DV: Firm Sales) (10 Marks) Table 4: Results Fixed Effect Model Variable Coefficients Std. Error t-statistics Prob. C 2.46 12.95 0.18 0.84 CSR 3.5 0.96 3.66 0.0003 R square = 0.45, F= 5., P=0.005 Table 5: Results Random Effect Model Variable Coefficients Std. Error t-statistics Prob. C 3.701859 11.85122 0.312361 0.7553 CSR 0.000922 0.000225 4.089153 0.0001 R square = 0.45, F= 5.07, P=0.005 Table 6: Haussmann Test Variable Fixed Random Var(Diff.) Prob. Firm Sales 0.001167 0.000922 0.000000 0.5128 Required: A) Analyze Fixed Effect Model results based on t statistics and R Square. B) Analyze Random Effect Model results based on t statistics and R Square. C) Analyze Haussmann tests results based on Chi Square and p values D) Which model is better model for Analysis from FEM and REM in this case?
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