Hi there
Would anybody be able to help me with an issue I'm having trying to run a Hausman test? I have a set of data which is only for one year, although I am told that is still ok for panel data. I want to run a Hausman test to justify my use of fixed effects over random effects, yet when I try to set my data as panel data it brings up the following error message "repeated time values within panel" which brings me to think I am not able to run this test having data for only one year. Is this the case?
Would anybody be able to help me with an issue I'm having trying to run a Hausman test? I have a set of data which is only for one year, although I am told that is still ok for panel data. I want to run a Hausman test to justify my use of fixed effects over random effects, yet when I try to set my data as panel data it brings up the following error message "repeated time values within panel" which brings me to think I am not able to run this test having data for only one year. Is this the case?