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Amalik
Calcite | Level 5

Hi,

 

I want to perform two-way fixed effects (fund and time fixed effects).I am using the following code

 

ods exclude all;
proc glm data= final;
absorb PERMNO;
class year;
      model car=te te2 turn lnsize exp d year / solution noint;
ods output ParameterEstimates=results;   
run;
ods exclude none;

Although, I am getting the answers, but just want a reassurance if I am using the correct code.

2 REPLIES 2
PGStats
Opal | Level 21

Neither fund or time are present in your model. So, no, this is not a two-way fixed effects model with fund and time as the fixed effects.

PG
Amalik
Calcite | Level 5

Sorry, with fund and time I mean year and permno

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