Descriptive Statistics
Y X1 X2 X3 X4 X5
Mean 1.299433 3.027472 -0.191618 0.412152 0.573431 10.48480
Median 0.733849 1.069211 -0.207982 0.333333 0.600000 1.062971
Maximum 13.48828 100.6977 2.565472 1.000000 1.000000 3010.467
Minimum 0.149458 -1.220419 -1.041449 0.200000 0.090909 0.118633
Std. Dev. 1.692269 8.505891 0.279105 0.119589 0.210345 145.6979
Skewness 3.851943 7.192324 2.547231 1.704044 0.166526 18.79458
Kurtosis 19.94799 64.45959 23.36616 7.464880 2.460457 373.2908
Jarque-Bera 7162.742 82340.13 9108.503 652.0380 8.308624 2862916.
Probability 0.000000 0.000000 0.000000 0.000000 0.015697 0.000000
Sum 644.5187 1501.626 -95.04250 204.4274 284.4219 5200.459
Sum Sq. Dev. 1417.569 35813.34 38.56027 7.079242 21.90124 10507796
Observations 496 496 496 496 496 496
FEM
Dependent Variable: Y
Method: Panel Least Squares
Date: 01/17/21 Time: 21:27
Sample: 2015 2019
Periods included: 5
Cross-sections included: 102
Total panel (unbalanced) observations: 496
Variable Coefficient Std. Error t-Statistic Prob.
C 3.297015 1.458344 2.260793 0.0243
X1 0.003745 0.000720 5.204008 0.0000
X2 8.047329 3.094246 2.600740 0.0097
X3 -6.482885 4.799894 -1.350631 0.1776
X4 3.256432 2.811165 1.158393 0.2474
X5 1.35E-07 8.87E-07 0.151924 0.8793
Effects Specification
Cross-section fixed (dummy variables)
R-squared 0.860243 Mean dependent var 4.546528
Adjusted R-squared 0.822160 S.D. dependent var 16.47291
S.E. of regression 6.946794 Akaike info criterion 6.902892
Sum squared resid 18772.34 Schwarz criterion 7.810359
Log likelihood -1604.917 Hannan-Quinn criter. 7.259103
F-statistic 22.58876 Durbin-Watson stat 1.808198
Prob(F-statistic) 0.000000
REM
Dependent Variable: Y
Method: Panel EGLS (Cross-section random effects)
Date: 01/17/21 Time: 21:29
Sample: 2015 2019
Periods included: 5
Cross-sections included: 102
Total panel (unbalanced) observations: 496
Swamy and Arora estimator of component variances
Variable Coefficient Std. Error t-Statistic Prob.
C 1.944458 1.584678 1.227036 0.2204
X1 0.005586 0.000686 8.141540 0.0000
X2 2.542666 1.579945 1.609338 0.1082
X3 1.866104 4.293044 0.434681 0.6640
X4 3.570674 2.386132 1.496427 0.1352
X5 8.39E-08 8.72E-07 0.096319 0.9233
Effects Specification
S.D. Rho
Cross-section random 9.844161 0.6676
Idiosyncratic random 6.946794 0.3324
Weighted Statistics
R-squared 0.113047 Mean dependent var 1.370796
Adjusted R-squared 0.103996 S.D. dependent var 7.900968
S.E. of regression 7.480894 Sum squared resid 27422.25
F-statistic 12.49063 Durbin-Watson stat 1.247991
Prob(F-statistic) 0.000000
Unweighted Statistics
R-squared 0.205230 Mean dependent var 4.546528
Sum squared resid 106754.7 Durbin-Watson stat 0.320573
CEM
Dependent Variable: Y
Method: Panel Least Squares
Date: 01/17/21 Time: 21:29
Sample: 2015 2019
Periods included: 5
Cross-sections included: 102
Total panel (unbalanced) observations: 496
Variable Coefficient Std. Error t-Statistic Prob.
C -1.994932 1.424209 -1.400729 0.1619
X1 0.013948 0.000995 14.01121 0.0000
X2 2.659481 1.882402 1.412813 0.1583
X3 17.21915 4.934879 3.489274 0.0005
X4 5.195176 2.392844 2.171130 0.0304
X5 -2.97E-07 1.48E-06 -0.201023 0.8408
R-squared 0.334481 Mean dependent var 4.546528
Adjusted R-squared 0.327690 S.D. dependent var 16.47291
S.E. of regression 13.50688 Akaike info criterion 8.056299
Sum squared resid 89393.57 Schwarz criterion 8.107185
Log likelihood -1991.962 Hannan-Quinn criter. 8.076273
F-statistic 49.25346 Durbin-Watson stat 0.573487
Prob(F-statistic) 0.000000
Chow Test
Redundant Fixed Effects Tests
Equation: Untitled
Test cross-section fixed effects
Effects Test Statistic d.f. Prob.
Cross-section F 14.489223 (101,389) 0.0000
Cross-section Chi-square 774.089476 101 0.0000
Cross-section fixed effects test equation:
Dependent Variable: Y
Method: Panel Least Squares
Date: 01/17/21 Time: 21:27
Sample: 2015 2019
Periods included: 5
Cross-sections included: 102
Total panel (unbalanced) observations: 496
Variable Coefficient Std. Error t-Statistic Prob.
C -1.994932 1.424209 -1.400729 0.1619
X1 0.013948 0.000995 14.01121 0.0000
X2 2.659481 1.882402 1.412813 0.1583
X3 17.21915 4.934879 3.489274 0.0005
X4 5.195176 2.392844 2.171130 0.0304
X5 -2.97E-07 1.48E-06 -0.201023 0.8408
R-squared 0.334481 Mean dependent var 4.546528
Adjusted R-squared 0.327690 S.D. dependent var 16.47291
S.E. of regression 13.50688 Akaike info criterion 8.056299
Sum squared resid 89393.57 Schwarz criterion 8.107185
Log likelihood -1991.962 Hannan-Quinn criter. 8.076273
F-statistic 49.25346 Durbin-Watson stat 0.573487
Prob(F-statistic) 0.000000
nilai Pvalue 0.0000 < 0,05, maka H0 ditolak yang berarti fixed effect model lebih baik
untuk digunakan
Hausman Test
Correlated Random Effects - Hausman Test
Equation: Untitled
Test cross-section random effects
Chi-Sq.
Test Summary Statistic Chi-Sq. d.f. Prob.
Cross-section random 78.981792 5 0.0000
Cross-section random effects test comparisons:
Variable Fixed Random Var(Diff.) Prob.
X1 0.003745 0.005586 0.000000 0.0000
X2 8.047329 2.542666 7.078133 0.0385
X3 -6.482885 1.866104 4.608758 0.0001
X4 3.256432 3.570674 2.209019 0.8326
X5 0.000000 0.000000 0.000000 0.7564
Cross-section random effects test equation:
Dependent Variable: Y
Method: Panel Least Squares
Date: 01/17/21 Time: 21:29
Sample: 2015 2019
Periods included: 5
Cross-sections included: 102
Total panel (unbalanced) observations: 496
Variable Coefficient Std. Error t-Statistic Prob.
C 3.297015 1.458344 2.260793 0.0243
X1 0.003745 0.000720 5.204008 0.0000
X2 8.047329 3.094246 2.600740 0.0097
X3 -6.482885 4.799894 -1.350631 0.1776
X4 3.256432 2.811165 1.158393 0.2474
X5 1.35E-07 8.87E-07 0.151924 0.8793
Effects Specification
Cross-section fixed (dummy variables)
R-squared 0.860243 Mean dependent var 4.546528
Adjusted R-squared 0.822160 S.D. dependent var 16.47291
S.E. of regression 6.946794 Akaike info criterion 6.902892
Sum squared resid 18772.34 Schwarz criterion 7.810359
Log likelihood -1604.917 Hannan-Quinn criter. 7.259103
F-statistic 22.58876 Durbin-Watson stat 1.808198
Prob(F-statistic) 0.000000
p value (0.000) < 0,05 maka metode yang kita pilih adalah fixed effect model
Karena antara Chow Test dan Hausman test menghasilkan hasil yang sama, maka
model yang cocok digunakan dalah fixed effect model
Uji T
Dependent Variable: Y
Method: Panel Least Squares
Date: 01/17/21 Time: 21:27
Sample: 2015 2019
Periods included: 5
Cross-sections included: 102
Total panel (unbalanced) observations: 496
Variable Coefficient Std. Error t-Statistic Prob.
C 3.297015 1.458344 2.260793 0.0243
X1 0.003745 0.000720 5.204008 0.0000
X2 8.047329 3.094246 2.600740 0.0097
X3 -6.482885 4.799894 -1.350631 0.1776
X4 3.256432 2.811165 1.158393 0.2474
X5 1.35E-07 8.87E-07 0.151924 0.8793
Effects Specification
Cross-section fixed (dummy variables)
R-squared 0.860243 Mean dependent var 4.546528
Adjusted R-squared 0.822160 S.D. dependent var 16.47291
S.E. of regression 6.946794 Akaike info criterion 6.902892
Sum squared resid 18772.34 Schwarz criterion 7.810359
Log likelihood -1604.917 Hannan-Quinn criter. 7.259103
F-statistic 22.58876 Durbin-Watson stat 1.808198
Prob(F-statistic) 0.000000
Kesimpulan:
1. Ada pengaruh positif dan signifikan X1 pada Y
2. Ada pengaruh positif dan signifikan X2 pada Y
3. Tidak ada pengaruh X3 pada Y
4. Tidak ada pengaruh X4 pada Y
5. Tidak ada pengaruh X5 pada Y
Uji F
Cross-section fixed (dummy variables)
R-squared 0.860243 Mean dependent var 4.546528
Adjusted R-squared 0.822160 S.D. dependent var 16.47291
S.E. of regression 6.946794 Akaike info criterion 6.902892
Sum squared resid 18772.34 Schwarz criterion 7.810359
Log likelihood -1604.917 Hannan-Quinn criter. 7.259103
F-statistic 22.58876 Durbin-Watson stat 1.808198
Prob(F-statistic) 0.000000
Kesimpulan:
Variabel independen secara bersama-sama (simultan) berpengaruh terhadap variabel
dependen karena Fhitung (0.000) lebih kecil dari 0.05
Koefisien Determinasi
R Square (r2) sebesar 0.860 berarti bahwa 86.0% variasi dalam Variabel Y dapat
dijelaskan oleh variable independen
