Hi there,
Kindly, how can we interpret these negative value and p-value of Pesaran's test for cross-sectional independence, as shown below?
Pesaran's test of cross sectional independence = -0.818, Pr = 1.5868
Have you confused a correlation coefficient with the test statistic? See section 3 of the attached paper. Hope this helps. Best, David
@ David, could you explain more ? how can we explain this result ?
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