Can somebody help me in understanding the difference between xtrc command & xtreg (random effects) command for panel data regression ?
Is it that xtrc runs OLS while xtreg runs GLS estimation?
How do I choose which one would better fit my data (unbalanced panel dataset)? I want to run a random coefficient model. Thank you!
Is it that xtrc runs OLS while xtreg runs GLS estimation?
How do I choose which one would better fit my data (unbalanced panel dataset)? I want to run a random coefficient model. Thank you!
