I did OLS test for my panel data ( n= 760 and t=8) and checked heteroskedasticity and autocorrelation as below ( the result show that there is heteroskedasticity and autocorrelation
Code:
White's test for Ho: homoskedasticity
against Ha: unrestricted heteroskedasticity
chi2(25) = 268.88
Prob > chi2 = 0.0000
Cameron & Trivedi's decomposition of IM-test
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Source | chi2 df p
---------------------+-----------------------------
Heteroskedasticity | 268.88 25 0.0000
Skewness | 40.02 6 0.0000
Kurtosis | 1.57 1 0.2105
---------------------+-----------------------------
Total | 310.46 32 0.0000
. xtserial lexport lgdp lpgdp llpitotal ldistance dummyrta dummyland
Wooldridge test for autocorrelation in panel data
H0: no first-order autocorrelation
F( 1, 94) = 110.533
Prob > F = 0.0000Thank you
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