Which of the Following Is a Reason for Using the Correlated

question 18

Multiple Choice

Which of the following is a reason for using the correlated random effects approach?

• A)It provides unbiased and consistent estimators when the idiosyncratic errors are serially correlated.
• B)It provides unbiased and consistent estimators when the idiosyncratic errors are heteroskedastic.
• C)It provides a more efficient estimate than the fixed effects approach.
• D)It provides a way to include time-constant explanatory variables in a fixed effects analysis.

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Definitions:

Prevalence Rate

The proportion of a population found to have a condition or disease at a specific time.

Incidence Rate

The rate at which new cases of a disease occur in a population over a specified period.

Disorder

A disruption to normal physical or mental functions, often leading to distress or impaired ability.

Human Research Participants

Individuals who voluntarily take part in scientific research, contributing to the collection of data through their experiences, behaviors, or biological samples.