ESTIMATING WIND SPEED IN BLACK SEA REGION WITH PANEL DATA ANALYSIS

Zeynep ATLI, Alper Sinan

Abstract


ABSTRACT

Panel data analysis is a common method used especially in economic research and in other research in which time/unit relationship is significant. This study aims at predicting average wind speed during the years 2009-2010 in the cities of Sinop, Samsun, Ordu, Kastamonu, Bartın, Zonguldak and Karabük of Blacksea Region. In order to analyze the obtained data, of all panel data analysis methods, Random Effect Model and Fixed Effect Model have been used. Compatibility of these data sets have been compared via the use of graphics. The results have shown that Fixed Effect Model has turned out to be more effective in analyzing data according to units.


Keywords


Panel data, Random Effects Model, Wind speed, Fixed Effect Model

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