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

Fixed effects = control freak mode. Random effects = chill mode.

Jokes aside, FE is safer but can eat up degrees of freedom. RE is riskier but more powerful. Hausman test helps, but sometimes it’s inconclusive—then you gotta use your judgment.

Resource dump: "Mostly Harmless Econometrics" has a great panel data section. Also, UCLA’s stats site has tutorials.