Explain the error assumptions in the random effects model, and what characteristic leads us to consider generalized

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Explain the error assumptions in the random effects model, and what characteristic leads us to consider generalized least squares estimation.

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Principles Of Econometrics

ISBN: 9781118452271

5th Edition

Authors: R Carter Hill, William E Griffiths, Guay C Lim

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Question Posted: Apr 02, 2024 02:00 AM

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Explain the error assumptions in the random effects model, and what characteristic leads us to consider generalized

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In the random effects model we assume that the individualspecific effects random effects are uncorre...View the full answer

Principles Of Econometrics

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