Hello!
I want to do a panelregression and I am new at this. I have prepared my data for panel data. And then I did the following tests:
1. Hausman-Test (Fixed or Random)
2. Fisher-Test (Stationarity) -> when there wasnt stationarity, I took the differences, then there was.
3. Wooldridge-Test (Autokorrelation)
4. LR-Test (Heteroskedastie)
Autocorrelation and heteroscedasticity i correct with -xtscc-.
Then I interpret the output.
Im confused and and not uncertain, because its the first time I do it.
1. Is that the correct way for doing a econometric analysis?
2. I searched for testing multicollinearity, but only found the tip I should read Chapter 23 from "A course in econometrics" by Goldberger, but I didnt find the sentence, why I can ignore multicollinearity?
3. Is there anything else I have to do?
Thank you very very much!
Kalle
I want to do a panelregression and I am new at this. I have prepared my data for panel data. And then I did the following tests:
1. Hausman-Test (Fixed or Random)
2. Fisher-Test (Stationarity) -> when there wasnt stationarity, I took the differences, then there was.
3. Wooldridge-Test (Autokorrelation)
4. LR-Test (Heteroskedastie)
Autocorrelation and heteroscedasticity i correct with -xtscc-.
Then I interpret the output.
Im confused and and not uncertain, because its the first time I do it.
1. Is that the correct way for doing a econometric analysis?
2. I searched for testing multicollinearity, but only found the tip I should read Chapter 23 from "A course in econometrics" by Goldberger, but I didnt find the sentence, why I can ignore multicollinearity?
3. Is there anything else I have to do?
Thank you very very much!
Kalle
