Dear there at Statalist

After regress the following model:

xtreg BTD0 LSA00 TAN00 PRF0 TBQ00 DEFM0, fe

I did Pesaran's test and I have got negative value??? How could interpret such NEGATIVE VALUE and over unity P-Value as bellow:

. xtcsd, pesaran

Pesaran's test of cross sectional independence = -0.742, Pr = 1.5416

Furthermore, Frees' Q test value indicated the presence of contemporaneous correlation

. xtcsd, frees

Frees' test of cross sectional independence = 5.139

Critical values from Frees' Q distribution

alpha = 0.10 : 0.2136

alpha = 0.05 : 0.2838

alpha = 0.01 : 0.4252

Appreciate help,,,

After regress the following model:

xtreg BTD0 LSA00 TAN00 PRF0 TBQ00 DEFM0, fe

I did Pesaran's test and I have got negative value??? How could interpret such NEGATIVE VALUE and over unity P-Value as bellow:

. xtcsd, pesaran

Pesaran's test of cross sectional independence = -0.742, Pr = 1.5416

Furthermore, Frees' Q test value indicated the presence of contemporaneous correlation

. xtcsd, frees

Frees' test of cross sectional independence = 5.139

Critical values from Frees' Q distribution

alpha = 0.10 : 0.2136

alpha = 0.05 : 0.2838

alpha = 0.01 : 0.4252

Appreciate help,,,

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