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  • Pooled Least Square: Output

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    This document compares three regression models - pooled OLS, fixed effects, and random effects - to analyze the relationship between a dependent variable Y and independent variables X1, X2, and X3. The fixed effects model has the highest R-squared value but the Hausman test indicates the random effects model is more appropriate. The random effects model shows X1 and X2 have a significant relationship with Y while X3 does not.

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    This document compares three regression models - pooled OLS, fixed effects, and random effects - to analyze the relationship between a dependent variable Y and independent variables X1, X2, and X3. The fixed effects model has the highest R-squared value but the Hausman test indicates the random effects model is more appropriate. The random effects model shows X1 and X2 have a significant relationship with Y while X3 does not.

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    © All Rights Reserved
    Descărcați ca DOCX, PDF, TXT sau citiți online pe Scribd
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    10 vizualizări5 pagini

    Pooled Least Square: Output

    Încărcat de

    santri
    This document compares three regression models - pooled OLS, fixed effects, and random effects - to analyze the relationship between a dependent variable Y and independent variables X1, X2, and X3. The fixed effects model has the highest R-squared value but the Hausman test indicates the random effects model is more appropriate. The random effects model shows X1 and X2 have a significant relationship with Y while X3 does not.

    Drepturi de autor:

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    Descărcați ca DOCX, PDF, TXT sau citiți online pe Scribd
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    din 5

    OUTPUT

    1. Pooled Least Square

    Dependent Variable: Y?
    Method: Pooled Least Squares
    Date: 11/21/17 Time: 10:09
    Sample: 2015 2016
    Included observations: 2
    Cross-sections included: 16
    Total pool (balanced) observations: 32
    Cross sections without valid observations dropped

    Variable Coefficient Std. Error t-Statistic Prob.

    C 2014.597 0.411296 4898.166 0.0000


    X1? 0.004890 0.002139 2.286428 0.0300
    X2? 0.240086 0.125835 1.907947 0.0667
    X3? 2.66E-08 1.03E-07 0.258062 0.7982

    R-squared 0.164151 Mean dependent var 2015.500


    Adjusted R-squared 0.074596 S.D. dependent var 0.508001
    S.E. of regression 0.488686 Akaike info criterion 1.522275
    Sum squared resid 6.686792 Schwarz criterion 1.705492
    Log likelihood -20.35641 Hannan-Quinn criter. 1.583007
    F-statistic 1.832959 Durbin-Watson stat 3.564783
    Prob(F-statistic) 0.164085

    2. Fixed

    Dependent Variable: Y?
    Method: Pooled Least Squares
    Date: 11/21/17 Time: 10:11
    Sample: 2015 2016
    Included observations: 2
    Cross-sections included: 16
    Total pool (balanced) observations: 32
    Cross sections without valid observations dropped

    Variable Coefficient Std. Error t-Statistic Prob.

    C 2012.991 0.928518 2167.961 0.0000


    X1? 0.009832 0.003598 2.732175 0.0171
    X2? 0.893794 0.351624 2.541900 0.0246
    X3? 1.37E-07 1.67E-07 0.823073 0.4253
    Fixed Effects (Cross)
    _AALI--C -0.037870
    _AALI--C -0.037870
    _ANJT--C 0.389048
    _ANJT--C 0.389048
    _BWPT--C 0.549740
    _BWPT--C 0.549740
    _DNSG--C -0.907076
    _DNSG--C -0.907076
    _GOLL--C -0.078528
    _GOLL--C -0.078528
    _GZCO--C 0.182851
    _GZCO--C 0.182851
    _JAWA--C 0.654332
    _JAWA--C 0.654332
    _LSIP--C -0.752499
    _LSIP--C -0.752499

    Effects Specification

    Cross-section fixed (dummy variables)

    R-squared 0.377021 Mean dependent var 2015.500


    Adjusted R-squared -0.485565 S.D. dependent var 0.508001
    S.E. of regression 0.619170 Akaike info criterion 2.165840
    Sum squared resid 4.983832 Schwarz criterion 3.036121
    Log likelihood -15.65344 Hannan-Quinn criter. 2.454314
    F-statistic 0.437082 Durbin-Watson stat 3.764706
    Prob(F-statistic) 0.947691

    Uji chow

    Redundant Fixed Effects Tests


    Pool: POOL
    Test cross-section fixed effects

    Effects Test Statistic d.f. Prob.

    Cross-section F 0.296137 (15,13) 0.9865


    Cross-section Chi-square 9.405924 15 0.8554

    Cross-section fixed effects test equation:


    Dependent Variable: Y?
    Method: Panel Least Squares
    Date: 11/21/17 Time: 10:11
    Sample: 2015 2016
    Included observations: 2
    Cross-sections included: 16
    Total pool (balanced) observations: 32

    Variable Coefficient Std. Error t-Statistic Prob.

    C 2014.597 0.411296 4898.166 0.0000


    X1? 0.004890 0.002139 2.286428 0.0300
    X2? 0.240086 0.125835 1.907947 0.0667
    X3? 2.66E-08 1.03E-07 0.258062 0.7982

    R-squared 0.164151 Mean dependent var 2015.500


    Adjusted R-squared 0.074596 S.D. dependent var 0.508001
    S.E. of regression 0.488686 Akaike info criterion 1.522275
    Sum squared resid 6.686792 Schwarz criterion 1.705492
    Log likelihood -20.35641 Hannan-Quinn criter. 1.583007
    F-statistic 1.832959 Durbin-Watson stat 3.564783
    Prob(F-statistic) 0.164085

    3. RANDOM

    Dependent Variable: Y?
    Method: Pooled EGLS (Cross-section random effects)
    Date: 11/21/17 Time: 10:12
    Sample: 2015 2016
    Included observations: 2
    Cross-sections included: 16
    Total pool (balanced) observations: 32
    Swamy and Arora estimator of component variances
    Cross sections without valid observations dropped

    Variable Coefficient Std. Error t-Statistic Prob.

    C 2014.597 0.521116 3865.924 0.0000


    X1? 0.004890 0.002710 1.804585 0.0819
    X2? 0.240086 0.159434 1.505866 0.1433
    X3? 2.66E-08 1.31E-07 0.203678 0.8401
    Random Effects (Cross)
    _AALI--C 0.000000
    _AALI--C 0.000000
    _ANJT--C 0.000000
    _ANJT--C 0.000000
    _BWPT--C 0.000000
    _BWPT--C 0.000000
    _DNSG--C 0.000000
    _DNSG--C 0.000000
    _GOLL--C 0.000000
    _GOLL--C 0.000000
    _GZCO--C 0.000000
    _GZCO--C 0.000000
    _JAWA--C 0.000000
    _JAWA--C 0.000000
    _LSIP--C 0.000000
    _LSIP--C 0.000000

    Effects Specification
    S.D. Rho

    Cross-section random 0.000000 0.0000


    Idiosyncratic random 0.619170 1.0000

    Weighted Statistics

    R-squared 0.164151 Mean dependent var 2015.500


    Adjusted R-squared 0.074596 S.D. dependent var 0.508001
    S.E. of regression 0.488686 Sum squared resid 6.686792
    F-statistic 1.832959 Durbin-Watson stat 3.564783
    Prob(F-statistic) 0.164085

    Unweighted Statistics

    R-squared 0.164151 Mean dependent var 2015.500


    Sum squared resid 6.686792 Durbin-Watson stat 3.564783

    HAUSMANN

    Correlated Random Effects - Hausman Test


    Pool: POOL
    Test cross-section random effects

    Chi-Sq.
    Test Summary Statistic Chi-Sq. d.f. Prob.

    Cross-section random 4.442059 3 0.2175

    ** WARNING: estimated cross-section random effects variance is zero.

    Cross-section random effects test comparisons:

    Variable Fixed Random Var(Diff.) Prob.

    X1? 0.009832 0.004890 0.000006 0.0369


    X2? 0.893794 0.240086 0.098220 0.0370
    X3? 0.000000 0.000000 0.000000 0.2855

    Cross-section random effects test equation:


    Dependent Variable: Y?
    Method: Panel Least Squares
    Date: 11/21/17 Time: 10:13
    Sample: 2015 2016
    Included observations: 2
    Cross-sections included: 16
    Total pool (balanced) observations: 32

    Variable Coefficient Std. Error t-Statistic Prob.

    C 2012.991 0.928518 2167.961 0.0000


    X1? 0.009832 0.003598 2.732175 0.0171
    X2? 0.893794 0.351624 2.541900 0.0246
    X3? 1.37E-07 1.67E-07 0.823073 0.4253

    Effects Specification

    Cross-section fixed (dummy variables)

    R-squared 0.377021 Mean dependent var 2015.500


    Adjusted R-squared -0.485565 S.D. dependent var 0.508001
    S.E. of regression 0.619170 Akaike info criterion 2.165840
    Sum squared resid 4.983832 Schwarz criterion 3.036121
    Log likelihood -15.65344 Hannan-Quinn criter. 2.454314
    F-statistic 0.437082 Durbin-Watson stat 3.764706
    Prob(F-statistic) 0.947691

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