I would like to run a random effect model.
Y <- cbind(mydata$NIFTY_50)
X <- cbind(mydata$STI,mydata$HIS,mydata$NASDAQ_composite,mydata$FTSE_100,mydata$Nikkei_225)
X1 <- cbind(mydata$COVID_new_cases)
pdata <- plm.data(mydata, index=c("COVID_new_cases","NASDAQ_composite"))
random <- plm(Y ~ X, data=pdata, model= "random")
summary(random)
I am getting this error
random <- plm(Y ~ X, data=pdata, model= "random")
Error in is.pbalanced.default(x) :
argument "y" is missing, with no default
summary(random)
Error in h(simpleError(msg, call)) :
error in evaluating the argument 'object' in selecting a method for function 'summary': object 'random' not found
Thanks in advance.
| Date |
COVID_new_cases |
NIFTY_50 |
STI |
HSI |
NASDAQ_composite |
S&P_100 |
FTSE_100 |
Nikkei_225 |
| 31-Dec-19 |
54 |
-0.642 |
-0.672 |
-0.183 |
-0.604 |
-0.495 |
-0.589 |
0.481 |
| 01-Jan-20 |
0 |
-0.161 |
-0.672 |
-0.183 |
-0.604 |
-0.495 |
-0.589 |
0.481 |
| 02-Jan-20 |
0 |
0.686 |
-0.666 |
1.041 |
-0.583 |
-0.666 |
0.821 |
0.481 |
| 03-Jan-20 |
34 |
-0.281 |
0.658 |
-1.307 |
-0.494 |
-0.225 |
0.238 |
0.481 |
| 06-Jan-20 |
0 |
-1.459 |
0.084 |
-0.354 |
-1.431 |
-1.046 |
-0.618 |
0.493 |
| 07-Jan-20 |
0 |
-0.216 |
-0.359 |
-0.108 |
0.089 |
0.247 |
-0.018 |
-1.096 |
| 08-Jan-20 |
0 |
0.722 |
-1.078 |
0.316 |
-0.675 |
-0.55 |
0.013 |
0.055 |
| 09-Jan-20 |
0 |
0.516 |
0.467 |
0.682 |
-0.013 |
-0.296 |
0.306 |
-0.891 |
| 10-Jan-20 |
0 |
-0.116 |
-0.101 |
-0.094 |
0.586 |
0.527 |
-0.134 |
-0.157 |
| 13-Jan-20 |
2 |
0.267 |
0.257 |
0.635 |
-0.653 |
-0.538 |
0.391 |
-0.157 |
| 14-Jan-20 |
0 |
0.237 |
-0.259 |
-0.907 |
0.208 |
0.173 |
0.063 |
-0.234 |
| 15-Jan-20 |
2 |
-0.049 |
0.293 |
-0.407 |
-0.053 |
-0.184 |
0.268 |
0.029 |
| 16-Jan-20 |
0 |
0.068 |
-0.65 |
0.267 |
-0.469 |
-0.334 |
-0.432 |
0.113 |
| 17-Jan-20 |
10 |
0.194 |
0.055 |
0.235 |
0.037 |
-0.159 |
0.852 |
0.258 |
| 20-Jan-20 |
40 |
-1.657 |
0.026 |
-1.279 |
0.037 |
-0.159 |
-0.302 |
-0.012 |
| 21-Jan-20 |
306 |
-0.209 |
0.746 |
-1.631 |
-0.104 |
0.024 |
-0.532 |
0.865 |
| 22-Jan-20 |
284 |
-0.912 |
-0.349 |
0.799 |
0.317 |
0.203 |
-0.51 |
-0.822 |
| 23-Jan-20 |
194 |
0.467 |
0.531 |
-0.714 |
-0.264 |
-0.164 |
-0.848 |
0.202 |
| 24-Jan-20 |
532 |
0.605 |
-0.144 |
0.051 |
1.39 |
1.116 |
1.043 |
0.096 |
| 27-Jan-20 |
1594 |
-0.64 |
-0.144 |
0.051 |
-0.515 |
-0.034 |
-2.292 |
0.36 |
| 28-Jan-20 |
3534 |
-0.76 |
-0.269 |
0.051 |
-0.737 |
-0.645 |
0.926 |
-0.384 |
| 29-Jan-20 |
2960 |
0.121 |
-0.043 |
0.218 |
0.463 |
0.446 |
0.039 |
-0.301 |
| 30-Jan-20 |
3512 |
-0.922 |
0.393 |
-2.151 |
-0.953 |
-0.8 |
-1.358 |
1.318 |
| 31-Jan-20 |
4006 |
-1.143 |
0.62 |
-1.663 |
1.443 |
1.822 |
-1.3 |
-0.243 |
| 01-Feb-20 |
4240 |
-2.321 |
0.62 |
-1.663 |
1.443 |
1.822 |
-1.3 |
-0.243 |
| 03-Feb-20 |
5636 |
0.692 |
0.47 |
0.639 |
-0.9 |
-0.456 |
0.553 |
-0.427 |
| 04-Feb-20 |
6486 |
1.641 |
-0.672 |
0.696 |
-0.74 |
-0.514 |
1.549 |
-0.889 |
| 05-Feb-20 |
7814 |
0.694 |
-1.152 |
-0.307 |
0.683 |
-0.232 |
0.574 |
0.137 |
| 06-Feb-20 |
7502 |
0.148 |
-0.503 |
1.175 |
-0.327 |
-0.225 |
0.298 |
-0.983 |
| 07-Feb-20 |
6436 |
-0.435 |
1.017 |
0.175 |
0.064 |
0.103 |
-0.508 |
0.297 |
| 10-Feb-20 |
5976 |
-0.585 |
-0.658 |
0.551 |
-1.419 |
-1.165 |
-0.265 |
-0.229 |
| 11-Feb-20 |
5130 |
-0.004 |
-0.234 |
0.253 |
0.433 |
0.518 |
0.705 |
-0.229 |
| 12-Feb-20 |
4144 |
0.413 |
-1.288 |
0.384 |
-0.386 |
-0.243 |
0.467 |
-0.505 |
| 13-Feb-20 |
30302 |
-0.367 |
0.315 |
-0.8 |
-0.569 |
-0.162 |
-1.094 |
0.092 |
| 14-Feb-20 |
8430 |
-0.629 |
-0.114 |
0.423 |
-0.023 |
-0.022 |
-0.576 |
0.114 |
| 17-Feb-20 |
4134 |
-0.709 |
0.238 |
0.695 |
-0.023 |
-0.022 |
0.327 |
-0.142 |
| 18-Feb-20 |
3990 |
-0.297 |
0.211 |
-0.851 |
-0.555 |
-0.089 |
-0.69 |
0.875 |
| 19-Feb-20 |
3728 |
0.292 |
-0.453 |
0.616 |
-0.351 |
-0.218 |
1.016 |
-0.306 |
| 20-Feb-20 |
1064 |
-0.315 |
0.586 |
-0.569 |
0.492 |
0.357 |
-0.274 |
0.792 |
| 24-Feb-20 |
1054 |
-1.525 |
0.552 |
-1.049 |
-0.357 |
0.817 |
-3.337 |
0.175 |
| 25-Feb-20 |
1586 |
-0.67 |
-0.421 |
0.639 |
3.608 |
3.322 |
-1.941 |
1.499 |
| 26-Feb-20 |
1730 |
-0.512 |
0.451 |
0 |
0.342 |
0.498 |
0.351 |
-0.233 |
| 27-Feb-20 |
2218 |
-0.24 |
-0.047 |
0.94 |
2.031 |
2.711 |
-3.494 |
1.382 |
| 28-Feb-20 |
2538 |
-1.584 |
1.071 |
-0.454 |
-3.599 |
-1.77 |
-3.175 |
1.743 |
| 02-Mar-20 |
4188 |
-2.236 |
-0.648 |
0.82 |
-3.289 |
-4.001 |
1.129 |
-2.371 |
| 03-Mar-20 |
3672 |
0.764 |
0.422 |
-0.508 |
3.134 |
3.401 |
0.951 |
2.629 |
| 04-Mar-20 |
4560 |
-0.884 |
-0.326 |
-0.378 |
-2.083 |
-2.64 |
1.45 |
-0.971 |
| 05-Mar-20 |
4630 |
-0.328 |
0.619 |
1.593 |
0.586 |
1.556 |
-1.617 |
0.331 |
| 06-Mar-20 |
6066 |
0.428 |
1.275 |
-0.951 |
-1.259 |
-1.069 |
-3.621 |
1.238 |
| 09-Mar-20 |
8358 |
-2.705 |
3.777 |
-0.372 |
0.091 |
3.121 |
-7.687 |
3.168 |
| 11-Mar-20 |
9980 |
1.201 |
-2.399 |
-0.897 |
2.264 |
2.95 |
-1.404 |
1.732 |
| 12-Mar-20 |
15324 |
-4.48 |
2.654 |
-1.414 |
2.66 |
4.968 |
-10.874 |
2.648 |
| 13-Mar-20 |
18372 |
9.307 |
2.654 |
6.721 |
-3.475 |
-5.754 |
2.455 |
4.138 |
| 16-Mar-20 |
24794 |
-4.072 |
2.425 |
-1.09 |
6.603 |
2.842 |
-4.007 |
3.321 |
| 17-Mar-20 |
27842 |
-3.429 |
0.615 |
1.139 |
-3.716 |
-4.043 |
2.792 |
-1.701 |
| 18-Mar-20 |
33448 |
-6.818 |
1.897 |
-3.177 |
-1.268 |
0.083 |
-4.047 |
2.492 |
| 19-Mar-20 |
40240 |
2.482 |
4.321 |
-2.305 |
-2.203 |
-0.388 |
1.397 |
2.606 |
| 20-Mar-20 |
61454 |
5.565 |
-4.146 |
2.97 |
5.085 |
5.34 |
0.761 |
2.606 |
| 23-Mar-20 |
67790 |
-4.222 |
1.798 |
0 |
-0.196 |
1.915 |
-3.793 |
-1.914 |
| 24-Mar-20 |
87762 |
-0.602 |
-3.031 |
0.738 |
-3.081 |
-3.633 |
9.053 |
-5.146 |
| 25-Mar-20 |
83110 |
7.533 |
-3.124 |
1.166 |
0.499 |
0.109 |
4.447 |
-5.962 |
| 26-Mar-20 |
105490 |
2.254 |
1.26 |
-1.07 |
-4.494 |
-5.039 |
2.241 |
2.964 |
| 27-Mar-20 |
120924 |
-3.228 |
0.663 |
-1.195 |
0.687 |
0.874 |
-5.251 |
-1.932 |
| 30-Mar-20 |
113786 |
-1.25 |
2.57 |
0.67 |
-2.515 |
-2.806 |
0.969 |
-1.064 |
| 31-Mar-20 |
128262 |
0.802 |
-1.103 |
-0.041 |
0.516 |
1.069 |
1.947 |
1.381 |
| 01-Apr-20 |
146810 |
-3.848 |
1.13 |
-1.199 |
1.326 |
0.632 |
-3.833 |
3.322 |
| 03-Apr-20 |
153326 |
-3.264 |
-2.106 |
0.707 |
1.393 |
0.984 |
-1.181 |
0.731 |
| 07-Apr-20 |
146458 |
4.095 |
2.536 |
0.665 |
2.986 |
2.979 |
2.187 |
-0.378 |
| 08-Apr-20 |
150672 |
0.689 |
-1.688 |
-0.913 |
-1.444 |
-1.921 |
-0.47 |
-1.604 |
| 09-Apr-20 |
170030 |
1.547 |
-2.619 |
0.492 |
0.189 |
-0.092 |
2.906 |
0.156 |
| 13-Apr-20 |
140242 |
-1.209 |
-0.44 |
0.361 |
-0.796 |
0.232 |
-0.88 |
1.391 |
| 15-Apr-20 |
155234 |
-2.948 |
-0.228 |
-1.447 |
-0.445 |
0.293 |
-3.343 |
-2.551 |
| 16-Apr-20 |
157792 |
1.599 |
-2.483 |
-0.079 |
-0.628 |
-0.074 |
0.548 |
0.109 |
| 17-Apr-20 |
166738 |
-0.608 |
1.562 |
-0.318 |
0.2 |
-0.875 |
2.818 |
-1.642 |
| 20-Apr-20 |
142550 |
-1.367 |
-1.193 |
-0.708 |
-0.086 |
0.796 |
0.446 |
0.105 |
| 21-Apr-20 |
151336 |
-0.394 |
1.754 |
-1.874 |
2.334 |
2.005 |
-2.956 |
1.022 |
| 22-Apr-20 |
171992 |
1.779 |
0.946 |
1.499 |
-0.721 |
-0.404 |
2.297 |
-0.151 |
| 23-Apr-20 |
132212 |
0.883 |
1.546 |
-0.026 |
0.4 |
0.403 |
0.97 |
-0.603 |
| 24-Apr-20 |
154934 |
-0.104 |
-0.753 |
-0.055 |
-1.224 |
-0.926 |
-1.277 |
0.361 |
| 27-Apr-20 |
164906 |
0.244 |
0.294 |
1.038 |
-0.14 |
-0.458 |
1.645 |
-1.918 |
| 28-Apr-20 |
131966 |
-0.095 |
0.469 |
0.717 |
2.469 |
1.764 |
1.91 |
0.025 |
| 29-Apr-20 |
142980 |
1.538 |
-0.942 |
-0.575 |
-1.272 |
-0.73 |
2.632 |
0.025 |
| 30-Apr-20 |
155602 |
1.091 |
-0.12 |
-0.575 |
0.241 |
0.437 |
-3.501 |
-0.438 |
| 04-May-20 |
156486 |
-2.517 |
-0.533 |
-1.177 |
-1.816 |
-0.891 |
-0.161 |
1.864 |
| 05-May-20 |
154948 |
-2.373 |
-0.932 |
0.475 |
0.006 |
0.105 |
1.662 |
1.864 |
| 06-May-20 |
158956 |
0.478 |
-0.314 |
0 |
0.229 |
0.907 |
0.075 |
1.864 |
| 07-May-20 |
180204 |
-0.379 |
-0.314 |
-0.581 |
-0.066 |
0.029 |
1.404 |
-1.059 |
| 08-May-20 |
187946 |
-1.338 |
0.261 |
0.152 |
-0.711 |
-0.679 |
1.404 |
-1.036 |
| 11-May-20 |
153282 |
-1.165 |
-0.971 |
0.539 |
-1.518 |
-0.606 |
0.062 |
-0.28 |
| 12-May-20 |
142190 |
0.302 |
0.327 |
-0.461 |
2.413 |
2.195 |
0.928 |
0.229 |
| 13-May-20 |
171682 |
-2.094 |
-0.518 |
0.285 |
1.586 |
1.453 |
-1.513 |
-0.626 |
| 14-May-20 |
172148 |
-0.773 |
-0.204 |
-0.867 |
-1.771 |
-1.921 |
-2.754 |
1.121 |
| 15-May-20 |
193292 |
-0.496 |
0.066 |
-0.156 |
-1.975 |
-1.265 |
1.015 |
0.557 |
| 18-May-20 |
162006 |
-3.658 |
0.955 |
0.835 |
-0.629 |
-1.229 |
4.29 |
-0.18 |
| 19-May-20 |
174334 |
-0.922 |
0.491 |
-0.414 |
0.459 |
0.867 |
-0.767 |
0.176 |
| 20-May-20 |
190188 |
1.996 |
-0.487 |
-0.257 |
-0.754 |
-0.672 |
1.083 |
-0.688 |
| 21-May-20 |
199132 |
0.295 |
0.086 |
-1.015 |
0.963 |
0.819 |
-0.855 |
0.678 |
| 22-May-20 |
215460 |
-0.316 |
0.83 |
-3.48 |
-0.496 |
-0.257 |
-0.366 |
0.951 |
| 26-May-20 |
178302 |
-0.777 |
0.937 |
0.803 |
1.694 |
0.606 |
1.243 |
-1.64 |
| 27-May-20 |
191932 |
2.563 |
1.311 |
-0.909 |
-0.709 |
-0.698 |
1.261 |
-0.8 |
| 28-May-20 |
205238 |
1.336 |
-0.515 |
-0.319 |
0.256 |
0.454 |
1.213 |
-1.404 |
| 29-May-20 |
237424 |
1.678 |
0.311 |
0.792 |
-1.146 |
-0.548 |
-2.287 |
-0.322 |