I am conducting a meta regression analysis on willingness to pay for wind energy. For correcting for publication bias I want to use the FAT-PET-PEESE procedure. I already did the Funnel Asymmetry Test (FAT) and the Precision Estimate Test (PET) but when it comes to the PEESE I do not know how to apply it. I already chose the moderators and I calculated it but I do not understand how this helps me correcting for publication bias. Does anybody have an explanation for that? I would be really grateful.