The pooled regression model using multiple years

Assignment Help Business Economics

Reference no: EM131194931

Say one has a large data set of cross-sectional data over a number of years (independently pooled cross section across time). If one regresses a subset of that large data set – a cross-sectional model for the data for one year with no year dummy variables included - can the goodness of fit value from this model be compared directly to the goodness of fit value from the pooled regression model using multiple years and dummy variables for the years? Why or why not?

Reference no: EM131194931

Questions Cloud

Determine the amount of net income for march : Determine the amount of net income for March, assuming that no additional common stock was issued and no dividends were paid during the month.

How will you explain the influences of genetics : You have an appointment with Martha to discuss her concerns. How will you explain the influences of genetics and the environment to help her understand individual differences? What advice would you give to Martha to help her foster growth for Alex..

Draw a graph showing the temperature in the pile : Every other day, the pile is aerated by throwing the mixture into a new pile. Draw a graph showing the temperature in the pile during the first two weeks and explain why this occurs.

Cost of the raw material purchased to manufacture food : Fixed cost of production in a fast food restaurant include cost of furniture, rent, insurance charges, interest on the loan taken etc. variable cost of production include cost of the raw material purchased to manufacture food, wages to the staff, cle..

The pooled regression model using multiple years : Say one has a large data set of cross-sectional data over a number of years (independently pooled cross section across time). If one regresses a subset of that large data set – a cross-sectional model for the data for one year with no year dummy vari..

Appropriate once-off expenditure on product differentiation : In any market structure, an appropriate once-off expenditure on product differentiation will guarantee the firm's ability to maximise economic profit into the future. Discuss.

How many bushels will each of farmer five acres produce : A purely competitive wheat farmer can sell any wheat he grows for $20 per bushel. His five acres of land show diminishing returns because some are better suited for wheat production than others. The first acre can produce 1,000 bushels of wheat, the ..

Distinguish between employee fraud and management fraud : Distinguish between employee fraud and management fraud.- How has the Sarbanes-Oxley Act had a significant impact on corporate governance?

What are howards income recognition issues : Howard buys wrecked cars and stores them on his property. Recently, he purchased a 1990 Ford Taurus for $400. - What are Howard's income recognition issues?

User Account

All Pages