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पैनल कोइंटीग्रेशन परीक्षण (पेड्रोनी, काओ, वेस्टरलुंड)×साधारण न्यूनतम वर्ग (OLS) समाश्रयण×
क्षेत्रअर्थमितिअर्थमिति
परिवारRegression modelRegression model
उद्भव वर्ष20042019
प्रवर्तकPedroni; Kao; WesterlundWooldridge (textbook treatment); classical least squares
प्रकारPanel cointegration testLinear regression
मौलिक स्रोतPedroni, P. (2004). Panel Cointegration: Asymptotic and Finite Sample Properties of Pooled Time Series Tests with an Application to the PPP Hypothesis. Econometric Theory, 20(3), 597–625. DOI ↗Wooldridge, J. M. (2019). Introductory Econometrics: A Modern Approach (7th ed.). Cengage Learning. ISBN: 978-1337558860
उपनामPedroni cointegration test, Kao cointegration test, Westerlund cointegration test, panel long-run equilibrium testsordinary least squares, classical linear regression, linear regression, en küçük kareler regresyonu
संबंधित35
सारांशPanel cointegration tests check whether a set of integrated variables share a stable long-run equilibrium relationship across a panel of cross-sectional units. Pedroni (1999, 2004) provides heterogeneous-panel tests with seven statistics, Kao (1999) gives an ADF-based homogeneous-panel test, and Westerlund (2007) adds error-correction-based tests robust to structural breaks and cross-sectional dependence.Ordinary Least Squares is the classical linear regression method that explains a continuous outcome as a linear combination of predictors. It estimates the coefficients by minimising the sum of squared residuals, and under the Gauss-Markov assumptions these estimates are the best linear unbiased estimator (BLUE).
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