(a) What are the advantages of constructing a panel of data, if one is available, rather than...
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(a) What are the advantages of constructing a panel of data, if one is available, rather than using pooled data?
(b) What is meant by the term ‘seemingly unrelated regression’?
Give examples from finance of where such an approach may be used.
(c) Distinguish between balanced and unbalanced panels, giving examples of each.
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