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From the list below, please select the Incorrect statement. i) Panel data has both cross-sectional and...

From the list below, please select the Incorrect statement.

i) Panel data has both cross-sectional and time-series dimensions.

ii) Commonly used types of panel data modelling approaches are the fixed effects and random effects models.

iii) Logit and probit regressions are not examples of binary regression models

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Answer #1

As we know,

Panel data has both cross -sectional and time series dimensions.

And the commonly used types of panel data modeling approaches are the fixed effects and random effects model.

It is also clear to us that both logit and probit regressions are example of binary regression model.

So this shows that option 3 is wrong.

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