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What is the Hausman Test? Explain its relevance.
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- which of the following is the correct interpretation of the multicollinearity test?This not a test its a textbook questionWrite a paper using the following headlines: Describe what panel data is and the reasons for using it Assess the importance of fixed and random effects What is the Hausman Test? Explain its relevance. Explain when fixed effects, random effects or pooled OLS models are usually used.