Fixed-effects (within) IV regression Number of obs = 8942
Group variable: stock Number of groups = 1128
R-sq: within = . Obs per group: min = 4
between = 0.0062 avg = 7.9
overall = 0.0061 max = 9
Wald chi2(14) = 484.90
corr(u_i, Xb) = -0.4276 Prob > chi2 = 0.0000
我看了microeconometrics using stata中,也是这样,但不知是什么原因,一旦审稿人问起拟合优度为啥没有,不知道该怎么解释。