Building an Efficient Model by Using Panel Data

Obaid M. Al-Zawbaee; Nozad H. Mahmood

Article Details

Building an Efficient Model by Using Panel Data

Authors:

Obaid M. Al-Zawbaee | Nozad H. Mahmood

Publisher:

Cihan University, Iraq

Journal:

Cihan University-Erbil Journal of Humanities and Social Sciences Vol.7 Issue 1, pp.82-87

Document Type:

Article

Publication Date:

10/2023

Document Language:

English

Document ID (Org No.):

2001837175

pISSN:

2707-6342

Keywords:

Abstract:

 The panel data models have gained great attention because they consider the effect of changing time series and the cross-sectional units. It has a higher number of degrees of freedom and is, therefore, more efficient.  Our research aims to build the most efficient model using panel data through comparison among six statistical models and to determine the most efficient model through the mean squares of error (RMSE) and the coefficient of determination (R2). Using the EViews-12 package to apply to two data sets to determine the most efficient model. The more critical findings are that the hypothesis assumed by the research states that the accuracy of the adopted models varies. Furthermore, it was found by building six types of panel data models that the best model is the (Two-way Fixed Effect Model) because it achieves the lowest value of (RMSE) and the largest value of R2.

Article Details

Building an Efficient Model by Using Panel Data

Authors:

Obaid M. Al-Zawbaee | Nozad H. Mahmood

Publisher:

Cihan University, Iraq

Journal:

Cihan University-Erbil Journal of Humanities and Social Sciences Vol.7 Issue 1, pp.82-87

Document Type:

Article

Publication Date:

10/2023

Document Language:

English

Document ID (Org No.):

2001837175

pISSN:

2707-6342

Panel Data

Time Series

Cross Section Data

Random Effects Model

Fixed Effects Model

Issues

Article Details

Building an Efficient Model by Using Panel Data

Authors: Obaid M. Al-Zawbaee | Nozad H. Mahmood

Publisher: Cihan University, Iraq

Journal: Cihan University-Erbil Journal of Humanities and Social Sciences Vol.7 Issue 1, pp.82-87

Document Type: Article

Publication Date: 10/2023

Document Language: English

Document ID (Org No.): 2001837175

pISSN: 2707-6342

Panel Data

Time Series

Cross Section Data

Random Effects Model

Fixed Effects Model

Issues

Authors:

Obaid M. Al-Zawbaee | Nozad H. Mahmood

Publisher:

Cihan University, Iraq

Journal:

Cihan University-Erbil Journal of Humanities and Social Sciences Vol.7 Issue 1, pp.82-87

Document Type:

Article

Publication Date:

10/2023

Document Language:

English

Document ID (Org No.):

2001837175

pISSN:

2707-6342