Common Effect Model

Dependent Variable: Y
Method: Panel Least Squares
Date: 04/11/23 Time: 00:11
Sample: 2019Q1 2022Q4
Periods included: 16
Cross-sections included: 4
Total panel (balanced) observations: 64

Variable Coefficient Std. Error t-Statistic Prob.

C 650.6592 163.0177 3.991342 0.0002

X1 86419.89 20927.86 4.129419 0.0001
X2 53867.28 4866.297 11.06946 0.0000
X3 -71.77429 35.90656 -1.998919 0.0502

R-squared 0.962483 Mean dependent var 4857.344

Adjusted R-squared 0.960607 S.D. dependent var 2528.503
S.E. of regression 501.8500 Akaike info criterion 15.33494
Sum squared resid 15111208 Schwarz criterion 15.46987
Log likelihood -486.7181 Hannan-Quinn criter. 15.38810
F-statistic 513.0874 Durbin-Watson stat 0.549102
Prob(F-statistic) 0.000000

Fixed Effect Model

Dependent Variable: Y
Method: Panel Least Squares
Date: 04/11/23 Time: 00:12
Sample: 2019Q1 2022Q4
Periods included: 16
Cross-sections included: 4
Total panel (balanced) observations: 64

Variable Coefficient Std. Error t-Statistic Prob.

C 1773.823 246.0851 7.208170 0.0000

X1 12171.71 14567.90 0.835516 0.4069
X2 42454.16 4008.165 10.59192 0.0000
X3 -22.69616 47.25959 -0.480245 0.6329

Effects Specification

Cross-section fixed (dummy variables)

R-squared 0.988256 Mean dependent var 4857.344

Adjusted R-squared 0.987020 S.D. dependent var 2528.503
S.E. of regression 288.0719 Akaike info criterion 14.26722
Sum squared resid 4730170. Schwarz criterion 14.50334
Log likelihood -449.5509 Hannan-Quinn criter. 14.36024
F-statistic 799.4366 Durbin-Watson stat 0.827321
Prob(F-statistic) 0.000000
Uji Chow
Redundant Fixed Effects Tests
Equation: Untitled
Test cross-section fixed effects

Effects Test Statistic d.f. Prob.

Cross-section F 41.698236 (3,57) 0.0000

Cross-section Chi-square 74.334442 3 0.0000

Cross-section fixed effects test equation:

Dependent Variable: Y
Method: Panel Least Squares
Date: 04/11/23 Time: 00:13
Sample: 2019Q1 2022Q4
Periods included: 16
Cross-sections included: 4
Total panel (balanced) observations: 64

Variable Coefficient Std. Error t-Statistic Prob.

C 650.6592 163.0177 3.991342 0.0002

X1 86419.89 20927.86 4.129419 0.0001
X2 53867.28 4866.297 11.06946 0.0000
X3 -71.77429 35.90656 -1.998919 0.0502

R-squared 0.962483 Mean dependent var 4857.344

Adjusted R-squared 0.960607 S.D. dependent var 2528.503
S.E. of regression 501.8500 Akaike info criterion 15.33494
Sum squared resid 15111208 Schwarz criterion 15.46987
Log likelihood -486.7181 Hannan-Quinn criter. 15.38810
F-statistic 513.0874 Durbin-Watson stat 0.549102
Prob(F-statistic) 0.000000

Random Effect Model

Dependent Variable: Y
Method: Panel EGLS (Cross-section random effects)
Date: 04/11/23 Time: 00:14
Sample: 2019Q1 2022Q4
Periods included: 16
Cross-sections included: 4
Total panel (balanced) observations: 64
Swamy and Arora estimator of component variances

Variable Coefficient Std. Error t-Statistic Prob.

C 650.6592 93.57539 6.953316 0.0000

X1 86419.89 12013.01 7.193860 0.0000
X2 53867.28 2793.351 19.28410 0.0000
X3 -71.77429 20.61108 -3.482316 0.0009

Effects Specification
S.D. Rho

Cross-section random 0.000000 0.0000

Idiosyncratic random 288.0719 1.0000

Weighted Statistics

R-squared 0.962483 Mean dependent var 4857.344

Adjusted R-squared 0.960607 S.D. dependent var 2528.503
S.E. of regression 501.8500 Sum squared resid 15111208
F-statistic 513.0874 Durbin-Watson stat 0.549102
Prob(F-statistic) 0.000000

Unweighted Statistics

R-squared 0.962483 Mean dependent var 4857.344

Sum squared resid 15111208 Durbin-Watson stat 0.549102

Uji Hausman
Correlated Random Effects - Hausman Test
Equation: Untitled
Test cross-section random effects

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

Cross-section random 125.094708 3 0.0000

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

Cross-section random effects test comparisons:

Variable Fixed Random Var(Diff.) Prob.

X1 12171.71... 86419.891... 67911469.... 0.0000

X2 42454.16... 53867.277... 8262575.5... 0.0001
X3 -22.696162 -71.774290 1808.652289 0.2485

Cross-section random effects test equation:

Dependent Variable: Y
Method: Panel Least Squares
Date: 04/11/23 Time: 00:17
Sample: 2019Q1 2022Q4
Periods included: 16
Cross-sections included: 4
Total panel (balanced) observations: 64

Variable Coefficient Std. Error t-Statistic Prob.

C 1773.823 246.0851 7.208170 0.0000

X1 12171.71 14567.90 0.835516 0.4069
X2 42454.16 4008.165 10.59192 0.0000
X3 -22.69616 47.25959 -0.480245 0.6329

Effects Specification

Cross-section fixed (dummy variables)

R-squared 0.988256 Mean dependent var 4857.344

Adjusted R-squared 0.987020 S.D. dependent var 2528.503
S.E. of regression 288.0719 Akaike info criterion 14.26722
Sum squared resid 4730170. Schwarz criterion 14.50334
Log likelihood -449.5509 Hannan-Quinn criter. 14.36024
F-statistic 799.4366 Durbin-Watson stat 0.827321
Prob(F-statistic) 0.000000