Hi everyone,

I tried zapping through the search a bit but could no find a correct answer. My problem. I am running FE on quite a large Panel data set (15,000 groups, 30,000 observations) and have around 10 dependent variables. However, when I estimate my model I get a within R-Square of 0.001 or 0.004, so EXTREMLY low. However individual variables seem to be statistically significant (z>3).

What to do about this? Is my model just garbage? Alternatively I read somewhere that individual significance is much more useful in panel data.

Any input on this?

Many thanks in advance!!