Dear all
I have a set of balance panel data, i:6, t: 21 which is it overall 126 observation. I decided that 1 dependent variable (y) and 6 independents variables (x1,x2......).
First: I do unit root test it shows:
y I(I)
x1 I(0)
x2 I(I)
x3 I(I)
x4 I(0)
X5 I(I)
x6 I(0)
If I would like to run panel data regression (Pooled, Fixed Effect and Random Effect), is that the correct form for inputting the model in Views:
d(y) c x1 d(x2) d(x3) x4 d(x5) x6
or
Shall I sort all variables in the same difference level, adding "d" to all ?
please correct if I am wrong, these are the steps I would like to conduct the statical part of a panel data:
1. Test Unit Root
2. Panel Regression?
3. ARDL
Not sure what you mean here but perhaps the attached screenshot may help you. The book is available for download from the z-library Best wishes David Booth
If the data is in different stationary levels, you can still write the model in Eviews by following these steps:
In summary, if the data is in different stationary levels, you can still write the model in Eviews by opening the Eviews program, loading the data you want to use for your model, clicking on the “Quick” menu and selecting “Estimate Equation”, selecting the variables you want to include in your model, clicking on the “Options” button, selecting the appropriate option for handling non-stationary variables (e.g., first differences), clicking on the “OK” button to close the Options window, and clicking on the “OK” button to run the model.
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