How Do You Handle Missing Values in Panel Data Analysis? or What Are the Best Practices for Modeling

Random effects all the way if you’ve got balanced panel data and no time-invariant variables. It’s more efficient, and who doesn’t love efficiency?

But yeah, Hausman test is key. If it’s a toss-up, I’d lean FE for safety.

Tool rec: Try `xtreg` in Stata. Super straightforward for beginners.