diff --git a/doc/guide/models/plm/plpr.rst b/doc/guide/models/plm/plpr.rst index 11cb2f3..8b57db6 100644 --- a/doc/guide/models/plm/plpr.rst +++ b/doc/guide/models/plm/plpr.rst @@ -93,7 +93,7 @@ where :math:`a_i`, :math:`c_i` are random effects and covariate unit means These approaches remove individual heterogeneity from the model by transforming the data. For some random variable :math:`W_{it}`, define the First-Difference (FD) transformation :math:`Q(W_{it}) = W_{it} - W_{it-1}` (for :math:`t=2, \dots, T`), and the Within-Group (WG) -transformation :math:`Q(W_{it}) = X_{it} - \bar{X}_{i}`, where :math:`\bar{W}_{i} = T^{-1} \sum_{t=1}^T W_{it}`. +transformation :math:`Q(W_{it}) = W_{it} - \bar{W}_{i}`, where :math:`\bar{W}_{i} = T^{-1} \sum_{t=1}^T W_{it}`. The PLPR model under the transformation approaches takes the form