the random effects model is more appropriate. Equivalence of fixed effects model and dummy variable regression Estimating a fixed effects model is equivalent to adding a dummy variable for each ...

https://doi.org/10.15609/annaeconstat2009.134.0243 • https://www.jstor.org/stable/10.15609/annaeconstat2009.134.0243 This paper shows how the correlated random ...

For balanced data, the two-way random effects model is estimated using the method of Fuller and Battese (1974), so in this case, the RANTWO option is equivalent to the FULLER option already existing ...