The fact that panel data varies across both individuals and time-periods should allow us to ___________ by accounting for the time constant component in the error term.
A) generate unbiased parameter estimates
B) correctly estimate the true parameter values
C) control for autocorrelation
D) improve the efficiency of the parameter estimates
Correct Answer:
Verified
Q1: Panel data differs from time-series data in
Q2: First-differenced models are preferable to pooled cross-section
Q4: If there is a pooled cross-section model
Q5: Fixed-effects models are more appropriate than random-effects
Q6: One can first-difference panel data in a
Q7: Fixed-effects models
A)remove the time-variant component of the
Q8: Pooled cross-section models
A)control for individual fixed-effects.
B)combine observations
Q9: Treating each data point in panel data
Q10: Fixed-effects models are preferable to pooled cross-section
Q11: Fixed-effects models and first-differenced models
A)assume that the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents