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25 March 2024

  • curprev 21:2121:21, 25 March 2024HNRLiam309490507 talk contribs 5,821 bytes +5,821 Created page with "<br>The generalized least squares (GLS) technique is utilized, thereby controlling for random effects from unobserved heterogeneity uncorrelated with the independent variables. Supplementary statistics such as R squared and random-impact test are obtained. Random effects that are important indicate that OLS is much less consistent than a random-impact GLS. This paper’s final estimator is the maximum likelihood estimator (MLE), believed to be more effective than other e..."