Hi everyone, I am currently studying econometrics and encounter this issue.
I am doing a panel regression and I have done the Hausman test to choose RE model over FE model. In my understanding, I still need to further check for heteroscedasticity, autocorrelation and cross-sectional dependence.to ensure robust and credible regression results.
I am not sure what Stata command to use for the tests of heteroscedasticity and autocorrelation in a RE model. I believe 'xttest3' and 'xtserial' are specific to FE model not RE model? My panel data has N = 42 and T = 17.
If more details of my data are needed for this question, please inform me in your response.
Many thanks!!
I am doing a panel regression and I have done the Hausman test to choose RE model over FE model. In my understanding, I still need to further check for heteroscedasticity, autocorrelation and cross-sectional dependence.to ensure robust and credible regression results.
I am not sure what Stata command to use for the tests of heteroscedasticity and autocorrelation in a RE model. I believe 'xttest3' and 'xtserial' are specific to FE model not RE model? My panel data has N = 42 and T = 17.
If more details of my data are needed for this question, please inform me in your response.
Many thanks!!
