Two-way random effects model. We modify the random effects model by the addition of a time-specific disturbance.
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Two-way random effects model. We modify the random effects model by the addition of a time-specific disturbance. Thus,
where
Write out the full disturbance covariance matrix for a data set with n = 2 and T = 2.
Transcribed Image Text:
Ya = a + X,ß + ɛit + Ui + Vị,
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