Hello to all Gretl users, i need help regarding to panel regression that i m running on the data of 49 companies over 5 years.. disclosure score have been assigned to each company is my dependent variable and i m seeing relation of this with diffrent variable like assets, debt to eqity ratio, working capital etc....
I have run a random effect model without dummies... following is the result of regression..
: Randomeffects (GLS), using 245 observations
Included 49 crosssectional units
Timeseries length = 5
Dependent variable: Disclosurescore

Coefficient 
Std. Error 
tratio 
pvalue 

const 
54.6399 
2.44263 
22.3693 
<0.00001 
*** 
Income 
0.000300548 
0.000284884 
1.0550 
0.29251 

Assets 
2.47402e05 
0.000143089 
0.1729 
0.86288 

ROCE 
0.339813 
0.136887 
2.4824 
0.01374 
** 
RONW 
0.305412 
0.101727 
3.0023 
0.00297 
*** 
Debttoequityrat 
2.91992e05 
0.000943001 
0.0310 
0.97532 

PBITNetofP_E_Av 
0.275439 
0.0929244 
2.9641 
0.00335 
*** 
Profitaftertax 
0.000338873 
0.00199357 
0.1700 
0.86517 

Mean dependent var

53.76539


S.D. dependent var 
14.85426 
Sum squared resid 
48314.62 

S.E. of regression 
14.24790 
Loglikelihood 
994.9583 

Akaike criterion 
2005.917 
Schwarz criterion 
2033.927 

HannanQuinn 
2017.196 
'Within' variance = 60.0887
'Between' variance = 146.644
theta used for quasidemeaning = 0.713727
BreuschPagan test 
Null hypothesis: Variance of the unitspecific error = 0
Asymptotic test statistic: Chisquare(1) = 193.78
with pvalue = 4.75747e044
Hausman test 
Null hypothesis: GLS estimates are consistent
Asymptotic test statistic: Chisquare(7) = 11.5898
with pvalue = 0.114882
now i dont knw that whether i have to use interpret these beta coefficients as any other variable or else & whether to use dummy variable or not...
I m also attaching with ths mail my data file in gretl..
Plz anyone help ..
Thanks in advance 