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Preparing Panel Data 3. Basics of Panel Data Models 4. Pooled OLS and LSDV 5. Fixed Effect Model 6. Random Effect Model 7. Hausman Test and Chow Test 8.Times series, cross sectional, panel data, pooled data. ▷ Static linear panel data models: fixed effects, random effects, estimation, testing. For a brief introduction on the theory behind panel data analysis please see the following document: dss.princeton.edu/training/Panel101.pdf. OLS can be used to estimates α and β consistently. Panel Data Models: Types. (3) Random Effects Model (REM). The differences between individuals are random