Fixed Effects vs Random Effects

An introduction to the difference between fixed effects and random effects models, and the Hausman Test for Panel Data models. As always, using the FREE R data analysis language. https://www.r-project.org/ Link to the data: https://docs.google.com/spreadsheets/d/0B3-F8BTZSbH9ZjVCTERtUDNQeG8/edit?usp=drivesdk&ouid=104518471727659155794&resourcekey=0-mHzyqPYMw9iqxAIx1M32AA&rtpof=true&sd=true Link to two videos: 1) Multicollinearity https://youtu.be/2BoCOeqxRD0 which leads into 2) Omitted variables bias https://youtu.be/LDgoJUY2MPg Support this project on Patreon! https://www.patreon.com/burkeyacademy Or, a one-time donation on PayPal is appreciated! http://paypal.me/BurkeyAcademy My Website: http://www.burkeyacademy.com/ Talk to me on my SubReddit: https://www.reddit.com/r/BurkeyAcademy/