Question: In panel data, there are two key models: fixed effects model and random effects model. Explain what the two models are, stating their key assumptions,

In panel data, there are two key models: fixed effects model and random effects model. Explain what the two models are, stating their key assumptions, differences, advantages and disadvantage

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In panel data analysis where you have both timeseries and crosssectional data fixed effects FE and random effects RE models are commonly used to handl... View full answer

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