panel_random_effects

Perform One-way Random Effects model for panel data.

One-way Random Effects model to panel data is offering a nuanced approach to analyzing data that spans across both time and entities (such as individuals, companies, countries, etc.). By acknowledging and modeling the random variation that exists within these entities, this method provides insights into the general patterns that emerge across the dataset.

Examples

from openbb import obb
obb.econometrics.panel_random_effects(y_column='portfolio_value', x_columns=['risk_free_rate'], data=[{'is_multiindex': True, 'multiindex_names': "['asset_manager', 'time']", 'asset_manager': 'asset_manager_1', 'time': 0, 'portfolio_value': 100000.0, 'risk_free_rate': 0.02}, {'is_multiindex': True, 'multiindex_names': "['asset_manager', 'time']", 'asset_manager': 'asset_manager_1', 'time': 1, 'portfolio_value': 150000.0, 'risk_free_rate': 0.03}, {'is_multiindex': True, 'multiindex_names': "['asset_manager', 'time']", 'asset_manager': 'asset_manager_2', 'time': 0, 'portfolio_value': 150000.0, 'risk_free_rate': 0.03}, {'is_multiindex': True, 'multiindex_names': "['asset_manager', 'time']", 'asset_manager': 'asset_manager_2', 'time': 1, 'portfolio_value': 133333.33, 'risk_free_rate': 0.03}, {'is_multiindex': True, 'multiindex_names': "['asset_manager', 'time']", 'asset_manager': 'asset_manager_3', 'time': 0, 'portfolio_value': 133333.33, 'risk_free_rate': 0.03}, {'is_multiindex': True, 'multiindex_names': "['asset_manager', 'time']", 'asset_manager': 'asset_manager_3', 'time': 1, 'portfolio_value': 125000.0, 'risk_free_rate': 0.03}, {'is_multiindex': True, 'multiindex_names': "['asset_manager', 'time']", 'asset_manager': 'asset_manager_4', 'time': 0, 'portfolio_value': 125000.0, 'risk_free_rate': 0.03}, {'is_multiindex': True, 'multiindex_names': "['asset_manager', 'time']", 'asset_manager': 'asset_manager_4', 'time': 1, 'portfolio_value': 120000.0, 'risk_free_rate': 0.02}, {'is_multiindex': True, 'multiindex_names': "['asset_manager', 'time']", 'asset_manager': 'asset_manager_5', 'time': 0, 'portfolio_value': 120000.0, 'risk_free_rate': 0.02}, {'is_multiindex': True, 'multiindex_names': "['asset_manager', 'time']", 'asset_manager': 'asset_manager_5', 'time': 1, 'portfolio_value': 116666.67, 'risk_free_rate': 0.02}])

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Parameters

• standard

Name	Type	Description	Default	Optional
data	List[Data]	Input dataset.		False
y_column	str	Target column.		False
x_columns	List[str]	List of columns to use as exogenous variables.		False

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Returns

OBBject
    results : Dict
        OBBject with the fit model returned