panel data analysis is a combination of time series analysis and economic growth data sample crossection.Sebagai provinces in Indonesia is year 2005-2009. Crossection element lies in the economic data in 33 provinces and the element of time series is the timeframe of 2005-2009.
Some existing analysis techniques in panel data.
1. Ordinary Least Square
In this method of panel data transformed into crossection data by combining data into one observation unit and eliminate the element of time series.
2. Fixed Effects Model (Fixed Effects)
umumny This model assumes the possibility of differences in intercept due to the influence of time. In addition there is the possibility of differences in intercept time due to individual factors.
3. Random Effects Model (Random Effects)
If the fixed model (fixed model), the difference is reflected through the influence of intercept, the random model diperdaan accommodated via Error. Random model is used when the use of models led to extravagance on the degree remains free because too many parameters to be estimated.
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