Model CE

Dependent Variable: PE
Method: Panel Least Squares
Date: 10/22/21 Time: 20:44
Sample: 2014 2019
Periods included: 6
Cross-sections included: 5
Total panel (balanced) observations: 30

Variable Coefficient Std. Error t-Statistic Prob.

LI 0.055547 0.138204 0.401923 0.6910

CD -0.028847 0.003110 -9.274379 0.0000
NTTU -2.46E-05 4.21E-05 -0.584132 0.5642
C 8.741367 0.669543 13.05572 0.0000

R-squared 0.832157 Mean dependent var 4.219667

Adjusted R-squared 0.812791 S.D. dependent var 2.442693
S.E. of regression 1.056897 Akaike info criterion 3.072117
Sum squared resid 29.04281 Schwarz criterion 3.258944
Log likelihood -42.08176 Hannan-Quinn criter. 3.131885
F-statistic 42.96893 Durbin-Watson stat 0.845691
Prob(F-statistic) 0.000000

Model FEM

Dependent Variable: PE
Method: Panel Least Squares
Date: 10/22/21 Time: 20:50
Sample: 2014 2019
Periods included: 6
Cross-sections included: 5
Total panel (balanced) observations: 30

Variable Coefficient Std. Error t-Statistic Prob.

LI 0.030179 0.092331 0.326856 0.7469

CD 0.009116 0.006260 1.456303 0.1594
NTTU -1.52E-05 5.86E-05 -0.258787 0.7982
C 2.772405 1.039611 2.666773 0.0141

Effects Specification

Cross-section fixed (dummy variables)

R-squared 0.943425 Mean dependent var 4.219667

Adjusted R-squared 0.925423 S.D. dependent var 2.442693
S.E. of regression 0.667068 Akaike info criterion 2.251328
Sum squared resid 9.789546 Schwarz criterion 2.624981
Log likelihood -25.76992 Hannan-Quinn criter. 2.370863
F-statistic 52.40890 Durbin-Watson stat 1.734377
Prob(F-statistic) 0.000000

Model REM
Dependent Variable: PE
Method: Panel EGLS (Cross-section random effects)
Date: 10/22/21 Time: 20:53
Sample: 2014 2019
Periods included: 6
Cross-sections included: 5
Total panel (balanced) observations: 30
Swamy and Arora estimator of component variances

Variable Coefficient Std. Error t-Statistic Prob.

LI 0.055547 0.087228 0.636803 0.5298

CD -0.028847 0.001963 -14.69425 0.0000
NTTU -2.46E-05 2.66E-05 -0.925494 0.3632
C 8.741367 0.422587 20.68539 0.0000

Effects Specification
S.D. Rho

Cross-section random 0.000000 0.0000

Idiosyncratic random 0.667068 1.0000

Weighted Statistics

R-squared 0.832157 Mean dependent var 4.219667

Adjusted R-squared 0.812791 S.D. dependent var 2.442693
S.E. of regression 1.056897 Sum squared resid 29.04281
F-statistic 42.96893 Durbin-Watson stat 0.845691
Prob(F-statistic) 0.000000

Unweighted Statistics

R-squared 0.832157 Mean dependent var 4.219667

Sum squared resid 29.04281 Durbin-Watson stat 0.845691
F Test (Chow Test)

Redundant Fixed Effects Tests

Equation: EQ02
Test cross-section fixed effects

Effects Test Statistic d.f. Prob.

Cross-section F 10.816940 (4,22) 0.0001

Cross-section Chi-square 32.623673 4 0.0000

Cross-section fixed effects test equation:

Dependent Variable: PE
Method: Panel Least Squares
Date: 10/22/21 Time: 21:01
Sample: 2014 2019
Periods included: 6
Cross-sections included: 5
Total panel (balanced) observations: 30

Variable Coefficient Std. Error t-Statistic Prob.

LI 0.055547 0.138204 0.401923 0.6910

CD -0.028847 0.003110 -9.274379 0.0000
NTTU -2.46E-05 4.21E-05 -0.584132 0.5642
C 8.741367 0.669543 13.05572 0.0000

R-squared 0.832157 Mean dependent var 4.219667

Adjusted R-squared 0.812791 S.D. dependent var 2.442693
S.E. of regression 1.056897 Akaike info criterion 3.072117
Sum squared resid 29.04281 Schwarz criterion 3.258944
Log likelihood -42.08176 Hannan-Quinn criter. 3.131885
F-statistic 42.96893 Durbin-Watson stat 0.845691
Prob(F-statistic) 0.000000
Hausman Test

Correlated Random Effects - Hausman Test

Equation: EQ02
Test cross-section random effects

Test Summary Chi-Sq. Statistic Chi-Sq. d.f. Prob.

Cross-section random 43.248010 3 0.0000

** WARNING: estimated cross-section random effects variance is zero.

Cross-section random effects test comparisons:

Variable Fixed Random Var(Diff.) Prob.

LI 0.030179 0.055547 0.000916 0.4020

CD 0.009116 -0.028847 0.000035 0.0000
NTTU -0.000015 -0.000025 0.000000 0.8568

Cross-section random effects test equation:

Dependent Variable: PE
Method: Panel Least Squares
Date: 10/22/21 Time: 21:04
Sample: 2014 2019
Periods included: 6
Cross-sections included: 5
Total panel (balanced) observations: 30

Variable Coefficient Std. Error t-Statistic Prob.

C 2.772405 1.039611 2.666773 0.0141

LI 0.030179 0.092331 0.326856 0.7469
CD 0.009116 0.006260 1.456303 0.1594
NTTU -1.52E-05 5.86E-05 -0.258787 0.7982

Effects Specification

Cross-section fixed (dummy variables)

R-squared 0.943425 Mean dependent var 4.219667

Adjusted R-squared 0.925423 S.D. dependent var 2.442693
S.E. of regression 0.667068 Akaike info criterion 2.251328
Sum squared resid 9.789546 Schwarz criterion 2.624981
Log likelihood -25.76992 Hannan-Quinn criter. 2.370863
F-statistic 52.40890 Durbin-Watson stat 1.734377
Prob(F-statistic) 0.000000
Langrangge Multiplier (LM) Test

obs Actual Fitted Residual Residual Plot

1 - 14 5.02 5.84749... -0.8274...
1 - 15 4.88 5.31774... -0.4377...
1 - 16 5.02 4.82088... 0.19911...
1 - 17 5.07 5.12745... -0.0574...
1 - 18 5.17 4.83310... 0.33689...
1 - 19 5.02 4.65155... 0.36844...
2 - 14 1.03 1.58895... -0.5589...
2 - 15 -0.52 1.58943... -2.1094...
2 - 16 -0.53 0.66697... -1.1969...
2 - 17 0.59 0.47052... 0.11947...
2 - 18 0.44 0.70773... -0.2677...
2 - 19 0.6 -0.6878... 1.28787...
3 - 14 1 4.28665... -3.2866...
3 - 15 3.1 3.73299... -0.6329...
3 - 16 3.4 2.93600... 0.46399...
3 - 17 4.2 2.85837... 1.34162...
3 - 18 4.2 2.31378... 1.88621...
3 - 19 2.3 1.52066... 0.77933...
4 - 14 6.2 5.84339... 0.35660...
4 - 15 6.1 6.15889... -0.0588...
4 - 16 6.9 5.87484... 1.02515...
4 - 17 6.7 6.00930... 0.69069...
4 - 18 6.3 5.76897... 0.53102...
4 - 19 6.1 5.76839... 0.33160...
5 - 14 6.2 6.57433... -0.3743...
5 - 15 6.1 6.42913... -0.3291...
5 - 16 6.9 6.49816... 0.40183...
5 - 17 6.7 6.62228... 0.07771...
5 - 18 6.3 6.53385... -0.2338...
5 - 19 6.1 5.92593... 0.17406...
Penyembuhan Heteroskedastisitas

Dependent Variable: PE
Method: Panel EGLS (Cross-section weights)
Date: 10/22/21 Time: 21:28
Sample: 2014 2019
Periods included: 6
Cross-sections included: 5
Total panel (balanced) observations: 30
Linear estimation after one-step weighting matrix

Variable Coefficient Std. Error t-Statistic Prob.

LI -0.032216 0.053440 -0.602848 0.5518

CD -0.029860 0.002438 -12.24723 0.0000
NTTU -1.45E-05 1.77E-05 -0.815768 0.4220
C 9.064851 0.323762 27.99846 0.0000

Weighted Statistics

R-squared 0.874498 Mean dependent var 9.135398

Adjusted R-squared 0.860017 S.D. dependent var 7.899031
S.E. of regression 1.004944 Sum squared resid 26.25773
F-statistic 60.38918 Durbin-Watson stat 1.114574
Prob(F-statistic) 0.000000

Unweighted Statistics

R-squared 0.829306 Mean dependent var 4.219667

Sum squared resid 29.53614 Durbin-Watson stat 0.821640