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패널 ARMA 모형×패널 고정 효과 모형×
분야계량경제학계량경제학
계열Regression modelRegression model
기원 연도1980s–2000s1978
창시자Baltagi, Hsiao and related panel data literatureMundlak (1978); classical treatment in Wooldridge (2010) and Baltagi (2021)
유형Panel time series modelPanel regression estimator
원전Baltagi, B. H. (2008). Econometric Analysis of Panel Data (4th ed.). John Wiley & Sons. ISBN: 978-0470518861Wooldridge, J. M. (2010). Econometric Analysis of Cross Section and Panel Data (2nd ed.). MIT Press. ISBN: 978-0262232586
별칭Panel ARMA, ARMA panel model, panel autoregressive moving average, cross-sectional ARMAwithin estimator, FE model, within-group estimator, LSDV model
관련55
요약The Panel ARMA model extends the classical Autoregressive Moving Average (ARMA) framework to panel data, allowing each cross-sectional unit to carry an individual effect while the within-unit error dynamics follow an ARMA(p, q) process. It captures both autocorrelation and moving-average dependence in panel residuals, yielding efficient estimates when the error structure is correctly specified.The panel fixed effects (FE) model controls for all time-invariant, unit-specific unobserved heterogeneity by absorbing it into individual intercepts. By sweeping out unit means through the within transformation, FE yields unbiased estimates of the effect of time-varying regressors even when omitted unit-level confounders are correlated with those regressors.
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