Dear Statalist,
The topic of my thesis is "How firm specific characteristics affect a firm's Cash holding".
In order to regress the characteristics with the dependent variable Cash Holding, I would like to do a Fixed and Ramdom effects test.
However due to a normality problem and a problem with heteroskedasticity the literature recommends to do a wild bootstrap and I have a few questions regarding that method.
How do you do that in Stata?
Is a cluster variable necessary and if so in which situations?
How many replications should I do?
When do you use the options "Supress replication dots" "Use MSE formula for variance" and "Compute for BCa Cls"?
I hope someone has the time to help me with this.
Thank you in advance
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