Pooled Time Series Analysis (Quantitative Applications in by Lois W. Sayrs

By Lois W. Sayrs

Researchers have frequently been afflicted with proper information to be had from either temporal observations at general durations (time sequence) and from observations at unmarried issues of time (cross-sections). Pooled Time sequence research combines time sequence and cross-sectional facts to supply the researcher with an effective approach to research and better estimates of the inhabitants being studied. additionally, with extra proper facts to be had this research method permits the pattern measurement to be elevated, which eventually yields a more desirable research.

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The second data set is on presidential popularity (n18, t=12) where the contaminant influences emanate from the cross-sections, which in this data set are years in which the polls were taken. Remember that because the cross-section is a year, the years do not have to be contiguous in time for the pooling design to be applied. The LSDV model ferrets out and corrects for unique effects in time, not serial correlation or dependence through time. 2264) adj. 2 compares estimates for the effect of trade on diplomatic friendliness.

Such an application of OLS follows what Dr. Sayrs labels the constant coefficients model of pooled analysis. The principal difficulty with it is the demanding assumption of constant parameters. Less demanding is the least squares dummy variable model (sometimes called the covariance model), which permits the intercept to vary by Page 6 time and by cross-section. Still, such dummy variables are substantively meaningless, and greatly reduce the degrees of freedom, with a corresponding loss of statistical power.

When the year, however, is considered as a source of contamination, the evidence is less clear. 1 reveals heteroscedasticity, but the stronger test against nondecreasing variance shows that the variance is inconclusive (Goldfeld-Quandt test). In this case, the researcher may choose to run further diagnostics on year as a source of contamination. More specific treatment of heteroscedasticity and these tests to detect its presence are taken up in Chapter 7, along with other techniques to improve estimation in a pool.

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