A chi-square value of 0.00 suggests that the fixed-effects and random-effects models are producing virtually identical results, making it impossible to statistically differentiate between them. However, this does not necessarily validate the random-effects model; it just indicates an inability to perform the Hausman test effectively. How to Solve the Issue 1. Inspect the Data and Models: Check if the independent variables are highly collinear, which could lead to singular matrices. Moreover, ensure there is sufficient variability in the data. 2. Use a Robust Hausman Test: Some software packages, like Stata, offer robust versions of the Hausman test (e.g., xtoverid command) that can handle singularity issues.
Thanks. For solving the autocorrelation and heteroscedasticity problems, you can employ robust standard errors. I will try to make a video on a short run and long run model in future.
Very informative for beginners . lag hi rahi thi awaz jani pehchani ...jab channel pe nazar daudaya to malum hua ye to SZ ke buzurg hain.... Jazakallah
I have employed this methodology in my research papers as well as in thesis. But when I have to use it again, I am not able to recall the whole process. So I decided to record the video for my personal use. But just because of fear that in any case if my laptop stops working due to any reason, i will lose that video, i uploaded it on RUclips. Till now, i have never promoted my channel or video, and except me and my wife, no one knows that I have a channel on RUclips.
@@faiziweqar ye to aapki sadgi h Dr. Sb. Lekin aise content jisse logon ko knowledge mile to aise me apko waqt mile to aur effort lagayye aur meri rai me koi harz nahi h isme 🤲
Do i need to run GMM after hausman test going in favour of FEM in panel data analysis? If yes, how to interpret that output? >If in FEM 1 out 4 variables turned out to be significant at 5%; and in GMM, 2 (including that one from FEM) variables turn out to be significant, what to write in conclusion? How to interpret J statistic and prob(j-stat) from GMM?
sir mera hausman test ka chi value 00.00 ara hai and prob value ki jagha koi value ni ari what should i do
A chi-square value of 0.00 suggests that the fixed-effects and random-effects models are producing virtually identical results, making it impossible to statistically differentiate between them. However, this does not necessarily validate the random-effects model; it just indicates an inability to perform the Hausman test effectively.
How to Solve the Issue
1. Inspect the Data and Models: Check if the independent variables are highly collinear, which could lead to singular matrices. Moreover, ensure there is sufficient variability in the data.
2. Use a Robust Hausman Test: Some software packages, like Stata, offer robust versions of the Hausman test (e.g., xtoverid command) that can handle singularity issues.
Thank you so much Faisi .
Really learned a lot and able to clear my doubts.
Plz put more such videos😊
Very helpful . Many thanks
I'm so glad it was helpful. Keep Learning.
Sir very excellent information you have given
Sir please make a video how to solve autocorrelation problem and a video on short run and long run model
Thanks.
For solving the autocorrelation and heteroscedasticity problems, you can employ robust standard errors.
I will try to make a video on a short run and long run model in future.
Ok and thank you
Thakns a lot Dr Faizi ....
Marvellous presentation dear Faizi
but what is the comand for hereroskedasticity test for random effect sir
very useful video ..Plz keep on posting
Thanks a lot.
Agar fixed model phele aaya toh xttest0 karna parega ?
best, knowledgeable and understandable
Very informative for beginners . lag hi rahi thi awaz jani pehchani ...jab channel pe nazar daudaya to malum hua ye to SZ ke buzurg hain.... Jazakallah
I have employed this methodology in my research papers as well as in thesis. But when I have to use it again, I am not able to recall the whole process. So I decided to record the video for my personal use. But just because of fear that in any case if my laptop stops working due to any reason, i will lose that video, i uploaded it on RUclips. Till now, i have never promoted my channel or video, and except me and my wife, no one knows that I have a channel on RUclips.
@@faiziweqar ye to aapki sadgi h Dr. Sb. Lekin aise content jisse logon ko knowledge mile to aise me apko waqt mile to aur effort lagayye aur meri rai me koi harz nahi h isme 🤲
@Homo Sapien. Ji Insha Allah Zaroor.
great job
Thanks
Do i need to run GMM after hausman test going in favour of FEM in panel data analysis?
If yes, how to interpret that output?
>If in FEM 1 out 4 variables turned out to be significant at 5%; and in GMM, 2 (including that one from FEM) variables turn out to be significant, what to write in conclusion?
How to interpret J statistic and prob(j-stat) from GMM?
Good work
Thanks
This is the best one.
A.O.A teacher my stata sheet don't recognized the xtserial now what I can do for this
Very nice
Thanks
thank you
thanks a ton, sir.
You are so fast .
Plz be slow.
Thanks.
I'll try my best next time.
@@faiziweqarno fast...everything was perfect nd click on target 🎉... Thankyou jazakAllah❤❤..