Panel Data Analysis: Pooled OLS, Random Effect Model and Fixed Effect Model (Part 1/2)- English [CC]

[@srijanakhatri6277]

I pay thousands of dollars in this American university but fail to learn in spite of trying so hard to learn. And every time I when I search on youtube in (Hindi/Urdu) version, I learn much more than I expected. Thank you so much for your time and effort, Sir. I really appreciate your hard work . I m from Nepal and I m so glad that I grew up learning your language through tv programs. Subscribed and will learn more from other posted videos.

[@basicseconomichub6063]

You have to learn more English language for understand American lecture .

[@WTH_Logic5151]

@Basics Economic hub first you learn yourself

[@koushik7604]

This is a real gem. Love from India sir. Thank you so much for bringing this topic. ❤❤

[@adicreation9016]

Hello from India. Ur knowledge & teaching style is best Sir Ji!!?🙏

[@Bachy-from-punjab]

Very well explained ......bht helpfull hoti ap ki vidios

[@noorhussainwarsi4209]

Allah Sir Tehseen ko salamat rkhy. A really good teacher. Pakistan Zindabad.

[@gaganpreetpanesar6814]

This is one of the best video on youtube for panel data regression. .

[@KARE19269]

I watched so many time series videos on KZbin. Your videos are special. You start the video with prayer. This is something which I liked the most in your videos. Of course, with regard to content covered and conveyed is at different level. Keep imparting your knowledge for the benefit of learners sir. Thank you. May Allah be with you all the time.

[@shafiqueahmad128]

The best statistician and econometrician of Pakistan... Thnks ..a lot of love from school of Economics, PU lahore

[@TJAcademyofficial]

My pleasure. JazakAllah 🙂

[@dhanshriwankhede5457]

I'm data scientist aspirant from India & your videos are very useful, thanks.

[@sahelimukherjee8325]

I was struggling a lot for past couple of weeks to wrap my head around FE & RE. Today I finally found your video. And now it's absolutely clear to me. Thanks a lot Sir. I wish I had got teachers like you. ❤️

[@TJAcademyofficial]

My pleasure 🙂 Do share TJ Academy with friends and teachers.

[@murtaza860]

I have been trying to understand this for some years. During my MS degree, my professor did not explain this well, but now I know this concept. Thanks, Dr Tehseen.

[@abdullahkhattak1635]

Informative lectures All time...❤❤❤

[@saadahmad6740]

Proud to have a Gem like you in Pakistan

[@faizazaghum7668]

Kmal zbrdsttttttt nice methodddddd vry vry gud

[@chandnirana369]

As usually very informative video 📹..you are my the best teacher ❤️ 😀 👍 ♥️....

[@rishidurgcg]

From India, apke liye bahut si duwayien

[@syedattibullah8150]

Agay to chaa Gaye thaa kar gay 👍🏻

[@idreesliaqat6060]

Thank you respected sir... Though I completed my PhD in Finance but honestly speaking after watching your videos,I started learning

[@aasifmalikshaik1738]

JazakAllahu khaira! It was very helpful! :) Allah aapko khair aur barakat ata kare. Aameen.

[@Al_Nur0]

Amazing sir, mashalaah

[@JyotiSharma-g4m]

Very nicely explained. You done excellent job sir. Really very helpful.

[@ShaylaJahan-yt2tf]

Al humdu li Allah, amazing. Shayla from Bangladesh.

[@azmabatoolasif67]

what an explanation- simply superb. thank u

[@akhilakumari314]

Excellent explanation

[@mehboobsultana826]

THANKS I HAVE LEARN MORE THAN MY EXPECTATION.

[@TJAcademyofficial]

My pleasure 🙂

[@mahfuzulalom1654]

Nice explanation. Appreciation from India

[@gauravchandel4886]

It was really a great explanation sir. Thanks from India

[@mfaizi1297]

Thank you so much sir.. Buhut simple karke samjhaya aapne. jazakaAllah.

[@TJAcademyofficial]

My pleasure 🙂

[@artimalik1126]

I am learning first time e-views for writing papers, your teachings are clear and understandable

[@samikbhattacharyya424]

Nice video.. love from India

[@PavanKumar-ef1yy]

Thankyou so much sir. Excellent explanation Sir.

[@shahabtariq1868]

Allah bless you more in all fields, that you deliver the best for the students of Economics.truly you are ASSET AND PROUD OF PAKISTAN

[@kaleemullah8858]

Sir ,a great work , i am so proud of you,

[@asadali]

Masha Allah. Very well explained.

[@TJAcademyofficial]

JazakAllah Dr. Shb 🙂

[@diksha5720]

Very well explained. I loved your way of explaining it in a simplified form. Thanks.

[@mansinath1751]

Thank you so much sir..... blessed to find your channel 😇🌸🦋

[@arunkumarsabar7906]

Sir teaching style nice 👍🙏

[@sumerashabnum9809]

Very nice, easy to understand methodology of teaching... making hard things simple!

[@muhammadnaumansadiq]

Amazing Work,Thank You Sir♥️

[@inamkhan9809]

Thank you sir from Peshawar❤️🇵🇰

[@kinzarasheed9497]

I got it after two whole semesters ❤️ Thank you

[@karvan8109]

Very well and simply explained Sir...

[@raowaris3545]

Very good explanation Dr sahb

[@TJAcademyofficial]

JazakAllah 🙂

[@zahraakhodabocus4274]

Thank you so much for this explanation. May Allah reward you even more!

[@umairshahab1765]

Very well explained Sir. More power to you and such people deserve appreication.

[@sohailbasit3606]

Excellent

[@amnaabbas1571]

sir frst of all hats of to u. ur voice ur method alllll goooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooood and fabulous. i realy like it.

[@IdontKnow-et7qb]

ye tora zyda nahi hoowa 😄

[@osamarafeeq3437]

thank you sir , defence clear due to this outclass explanitation

[@ChiranjibiGautam-k9u]

Country only 12 and time span 2005 to 2022 ,which modle and methoad is good to analysis?-

[@Easynimics]

Subscribed!! I am from India and i loved your session.That was really helpful.Thank u sir..you hv great skill.

[@TJAcademyofficial]

My pleasure 😊

[@ibrar2kt]

thank you SIR. KYA BAAAAAAAAAAT HAI APKI LOVE YOU ..SALUTE YOU

[@AmanullahPhulpotoVlogs]

You amazingly explain everything you are amazing sir ma sha Allah

[@kidskidscartoontv]

What is the role of the Hausman test in picking one of these two tests (Fixed/Random)? We pick the random effect model if the null hypothesis accepts of Hausman test; otherwise, we use the fixed effect model.

[@muhammadzeeshan3735]

Thank you sir for sharing such a fruitful lecture.

[@TJAcademyofficial]

My pleasure 🙂

[@Dr.KishoreK]

Very good lecture!

[@kumarviru61]

brilliant guy.

[@AnwarHussain-fe7us]

You are an amazing teacher, thanks

[@TJAcademyofficial]

Thank you 😊

[@abdulrehman969]

Really appreciated

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Thank you sooo much Sir ❤️❤️❤️

[@qamarishtiaq1983]

Thank you very much sir. I Highly appreciate your effort.

[@HafizSherazMahmood]

السلام علیکم ورحمتہ اللہ وبرکاتہ Kindly sir we also need applied econometrics۔ جزاک اللہ خیرا کثیرا

[@samphotographyindia3112.]

Thank you so much sir for your efforts it means a lot to us 💖 such a great lecture 😊

[@ukvynz2118]

Anna bhout acchi video hai

[@waqasahmed6233]

sir good work Masha ALLAH

[@TJAcademyofficial]

JazakAllah

[@hashimmalik1144]

Sir love for you ❤️❤️

[@Aditirahulkumar]

Thank u sir for ur wonderful explanation

[@TJAcademyofficial]

My pleasure 😊

[@saneshkp9810]

sir, can u mention some books to lear panel data analysis

[@economicsbymaqsoodjan5846]

Superb explanation and specially methodology. I also have a KZbin channel but I take help from your videos. I m very impress from your methodology. God bless you

[@TJAcademyofficial]

JazakAllah

[@saengphenwimoolka420]

hello, thank you sharing your knowledge. This can conclude that all of the data will be classified into random effect right because we will never collect the whole population data. Is the GLS is similar to GLM? Thus, we should run the test for panel data with the GLS command? only to find one coefficient, what about error? should not be considered as zero? i run the GLM test what should I put i fix variables? all independent variables? Thank you.

[@rupeshmauskar5797]

Thank you sir 😘 nicely explain

[@rishidurgcg]

Thank you very much sir.....

[@captainkomol493]

Thank you sir. From 🇧🇩

[@TJAcademyofficial]

My pleasure 😊

[@naumaniqbalyt]

Beautifully explained. Please confirm whether lagged Independent variable may be used in FEM

[@kishorkukreja7733]

Indeed a great explanation. I have been struggling to find a right answer to the question of fixed vs random effects and finally this video does a fairly decent job of explaining it. Thank you so much !!

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Thank you. Do share TJ Academy with others. 👍

[@qamarishtiaq1983]

Waiting for Videos of ARCH / GARCH Family and GAM Model.

[@shehzadmoin]

Assalam o Alaikum..I collected data on cash conversion cycle (CCC) and working capital ratio (WCR) as my dependent variables with determinants of working capital as independent variabbles....and Bruesh-pagen teset suggested me that pooled OLS is not appropriate....then I run Hausman test for FE/RE model and surprisingly for CCC hausman test suggested FE model and for WCR it suggested RE. I don't understand logic behind this. Can you kindly comment on this when actually the data collected for both variables is on the same companies and for same time period?

[@vaishnavibalaji6811]

Sir how to check model fit in panel data using System GMM method

[@shanzamaryam5722]

jazakallah for all the hard work and making videos i can learn easily through you lecture which have detail explanation every topic you coverd Mashallah best explanation thanks a lot. can you kindly make videos on GMM in urdu .

[@rajeshadhikari1294]

Thanks a lot for the wonderful video Sir ji. I want to ask one question what is the significance of R^2? I got a low R^2 while running panel data regression analysis with fixed effects models.

[@TJAcademyofficial]

You cannot compare R2 with the Time series model's R2. Time series models always have high R2 then panel data.

[@khojitvliveupdate]

Assalamualaikum sir g fixed effect within grouped estimated . Ki ak vedio banye plz

[@aminaahmedalibelal5676]

is it possible to apply MIXED EFFECT MODEL with panel data? what are the tests to be conducted to test the efficiency of the model?

[@saiqaaamir8009]

thank you for such well explained lecture sir. Please give lectures by using R programing.

[@mohitgehlot6582]

Osm

[@shehzadmoin]

And also do u have the videos on FE within groups and First Difference FE? or if you can suggest where can I study about this?

[@pulkitjain7267]

Dear Sir, I have content analysis of 100 movie characters and 565 respondents survey data (Likert scale) about those movies. I am not sure how to correlate them and what statistical tool or method should I use? Please advise

[@shehzadmoin]

Assalam o Alaikum...Thanks for your wonderful explanation of these highly confusing concepts for people like me with a lack of in-depth knowledge of advanced-level statistics. If I understand correctly, in pooled OLS, the alpha value is the average value of the entire dataset, which can be easily understood in terms of time series where we have a dataset for a particular variable over time but what about cross-sectional data? I understand that in that case Pooled OLS can not be used because data collected at a single point of time doesn't belong to one particular entity therefore alpha value, which is an average value will become meaningless? kindly correct me and guide me which model can be used for cross-sectional data?

[@malik-wb4yi]

Thanku sir

[@rehanaanaher]

i need its data file which you have used

[@farmanullah3181]

Sir please make a video on IS and LM curve

[@waqasrashid4888]

any example of same or different intercepts/entities please. if way have taken some variables of 10 banks for 20 years. what will be considered intercepts/entities? which model will be used here?

[@TJAcademyofficial]

Thank you for your message. Watch below video kzbin.info/www/bejne/aF6mfYSujJaAndk

[@shagufiiqbal8930]

Sir please course launch kijiye.

[@eshagraphicsdesigner9501]

Asslam o Alaikum sir...mujy ye pouchna tha k panel data regression model or panel data anlysis 2no aik hi topic hai ya alag alag????

[@TJAcademyofficial]

Ws. Econometrics may 1 he hy

[@uzairessa5375]

Thanks alot sir.jazakullah.

[@TJAcademyofficial]

My pleasure 😊

[@mohammadkashem3375]

Hi Sir, if Hausman test indicates that fixed model is more appropriate than random effect model, and if in that case, in data time period (T) > cross section units (N), which FEM is to be chosen: time (T) FEM or Cross section (N) FEM?

[@murtaza860]

As for I know, we only apply the Husman test to decide which model we have to choose either the FE or RE. It is not about cross-section or time. ye apko apki research aur previous papers hi btye gy k k ap ne time series ya cross sectional data lna hai

[@d.u.farooque786]

Thank you

[@afshanejaz7952]

pseudo panel approaches, kya hn kindly bta dn

[@aniksaha9925]

If my research paper is totally based on whether to use pooled ols/ FEM/ REM, then what are the preliminary tests are needed to perform? (I have done multicollinearity, correlation analysis, autocorrelation, heteroscedasticity, cross section dependence test- do i need any other tests?) 2) do i need to check stationarity level? 3) can i include DH panel granger causality?

[@murtaza860]

You need to perform Husman text to decide between Fixed effect or Random effect

[@pinkrose1346]

@TJ Academy Hi Sir Please answer my query I have the data of only one country and there are 25 banks but some are new like established in 2010 and some are old like established in 2005. There are also missing values. (So its unbalanced data) Can i use fixed and random model ??

[@pinkrose1346]

Please reply

[@bushrahashmi1532]

very good explanation, but how can we explain heteroscedasticity in panel data?

[@shr3186]

Is it necessary to check for stationarity/ unit root for fixed or random effects?? Please respond. My results are very strong without stationarity test but after stationarity tests they turn useless.

[@TJAcademyofficial]

Stationary condition is a pre-requisite regression with a large sample size. How does stationary analysis affect results of regression?

[@shr3186]

@@TJAcademyofficial after running stationarity test/ unit root test, the concerned variable have to be considered on first difference. This change has brought further change in the Significance value. Nevermind, I have found out some robust models which would work. Thank you for responding.