Võrdle meetodeid

	Mundlak-Chamberlain'i korreleeruvate juhuslike efektide mudel	Hausman-i spetsifitseerimistest (FE vs RE)
Valdkond	Ökonomeetria	Ökonomeetria
Perekond	Regression model	Regression model
Tekkeaasta	1978	1978
Looja	Yair Mundlak; Gary Chamberlain	Jerry A. Hausman
Tüüp	Panel data estimator	Specification test for panel data models
Algallikas	Mundlak, Y. (1978). On the pooling of time series and cross section data. Econometrica, 46(1), 69–85.	Hausman, J. A. (1978). Specification Tests in Econometrics. Econometrica, 46(6), 1251–1271.
Rööpnimetused	Correlated Random Effects, CRE Estimator, Mundlak Device, Korelasyonlu Rassal Etkiler	Hausman specification test, FE vs RE test, Durbin-Wu-Hausman test, Hausman Spesifikasyon Testi (FE vs RE)
Seotud	2	5
Kokkuvõte	The Mundlak-Chamberlain correlated random effects (CRE) estimator, introduced by Mundlak (1978) and extended by Chamberlain (1982), is a panel data technique that reconciles the fixed effects and random effects approaches by explicitly modelling the correlation between unobserved individual heterogeneity and the observed regressors. By including within-group means of time-varying covariates as additional regressors in a random effects framework, CRE yields estimates numerically equivalent to the within (fixed effects) estimator while permitting identification of time-invariant variables.	The Hausman test is a specification test, introduced by Jerry A. Hausman in 1978, that decides between the fixed-effects (FE) and random-effects (RE) estimators in panel data models. The null hypothesis is that the random-effects estimator is consistent and efficient and should be preferred; the alternative is that random effects is inconsistent and fixed effects is required because the unit-specific effects are correlated with the explanatory variables.