Question: For a panel data regression model, the fixed effects estimator is based on a data transformation, in which each observed variable for each individual unit

For a panel data regression model, the fixed effects estimator is based on a data transformation, in which each observed variable for each individual unit is O a. demeaned, with its overall average across all observations being taken out. O b. demeaned, with its average over all time periods for that unit being taken out. O c. first differenced, with its lagged value being subtracted off. O d. first differenced, with its lagged value being added on. O e. None of the listed answers is correct

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