1
Download EViews 7 User's Guide II
Transcript
648—Chapter 37. Panel Estimation Least Squares Estimation The basic least squares estimation dialog is a multi-page dialog with pages for the basic specification, panel estimation options, and general estimation options. Least Squares Specification You should provide an equation specification in the upper Equation specification edit box, and an estimation sample in the Sample edit box. The equation may be specified by list or by expression as described in “Specifying an Equation in EViews” on page 6. In general, most of the specifications allowed in nonpanel equation settings may also be specified here. You may, for example, include AR terms in both linear and nonlinear specifications, and may include PDL terms in equations specified by list. You may not, however, include MA terms in a panel setting. Least Squares Panel Options Next, click on the Panel Options tab to specify additional panel specific estimation settings. First, you should account for individual and period effects using the Effects specification combo boxes. By default, EViews assumes that there are no effects so that both combo boxes are set to None. You may change the default settings to allow for either Fixed or Random effects in either the cross-sec-
