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Flashcards in lecture 7 key terms Deck (5)
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pooled ols

estimator that treats the panel as a large cross section with nT observations


cluster robust std errors

std errors that remain valid in the pols estimator


random effects gls

estimator that assumes e[ Vi | Xi ] = 0 and estimates B parameters efficiently in large samples by weighting the observations on the basis of a consistent estimator


fixed effects ols

estimator that assumes unobserved individual effects are not mean independent of the regressors


hausman test

test used to detect if unobserved heterogeneity is correlated with the regressors; null no correlation