The PANEL Procedure |
The Two-Way Fixed-Effects Model |
The specification for the two-way fixed-effects model is
where the s and s are nonrandom parameters to be estimated.
If you do not specify the NOINT option, which suppresses the intercept, the estimates for the fixed effects are reported under the restriction that and . If you specify the NOINT option to suppress the intercept, only the restriction is imposed.
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