What is a random-effects model? How do you estimate such a model? When is it a preferred estimator? Why? Explain.
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Q16: Random-effects models are
A)almost never the appropriate model
Q17: Fixed-effects models and first-differenced models
A)assume that the
Q18: Random-effects models
A)assume that the time invariant component
Q19: The biggest difference between fixed-effects and random-effects
Q20: Panel data differs from cross-section data in
Q22: Suppose that in an effort to explain
Q23: What is a first-differenced model? How is
Q24: Using the National Longitudinal Survey of young
Q25: Suppose that in an effort to explain
Q26: What is a fixed-effects model? How do
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