I am trying to run regressions to determine the effect of Financial Fair Play on the Premier League. I have panel data for 17 seasons of the Premier League, 42 clubs and 26 variables. FFP is a dummy variable taking either 1 or 0. Should I be using fixed effects? How can I determine which is the best method to use?
Also how do i test for serial correlation and heteroskedasticity with panel data in stata? Varying sources are telling me different things. How would I then resolve these issues? Will it affect whether I can used e.g. fixed effects?
Any help would be greatly appreciated.
Also how do i test for serial correlation and heteroskedasticity with panel data in stata? Varying sources are telling me different things. How would I then resolve these issues? Will it affect whether I can used e.g. fixed effects?
Any help would be greatly appreciated.
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