HASIL UJI DATA PANEL 5 TAHUN GI, DAR, TATO, ROA
Pemilihan Model Data Panel
1. Uji Chow
Redundant Fixed Effects Tests
Equation: Untitled
Test cross-section fixed effects
Effects Test Statistic d.f. Prob.
Cross-section F 7.390058 (8,33) 0.0000
Cross-section Chi-square 46.196531 8 0.0000
Nilai probability dibawah 0,05 maka yang terpilih model FEM
2. Uji Hausman
Correlated Random Effects - Hausman Test
Equation: Untitled
Test cross-section random effects
Test Summary Chi-Sq. Statistic Chi-Sq. d.f. Prob.
Cross-section random 8.403028 3 0.0384
Nilai probability dibawah 0,05 maka yang terpilih model FEM
Uji Asumsi Klasik
1. Uji Normalitas
8
Series: Standardized Residuals
7 Sample 2020 2024
Observations 45
6
5 Mean 6.17e-19
Median 0.006159
4
Maximum 0.220618
3 Minimum -0.234614
Std. Dev. 0.103182
2 Skewness -0.381273
1 Kurtosis 3.099959
0 Jarque-Bera 1.109003
-0.2 -0.1 0.0 0.1 0.2
Probability 0.574358
Nilai probability diatas 0,05 maka data terdistribusi normal
2. Uji Multikolinearitas
X1 X2 X3
X1 1.000000 -0.218673 -0.070432
X2 -0.218673 1.000000 -0.106860
X3 -0.070432 -0.106860 1.000000
Nilai koefisien di bawah 0,80 maka bebas gejala multikolinearitas
Variance Inflation Factors
Date: 06/13/26 Time: 12:34
Sample: 2020 2024
Included observations: 45
Coefficient Uncentered Centered
Variable Variance VIF VIF
C 0.007807 24.74726 NA
GI 13.61739 5.698379 1.030680
DAR 0.027558 14.84307 1.028573
TATO 0.186722 11.01633 1.009778
Centered vif nya >10 jadi lolos
3. Uji Heteroskedastisitas
Dependent Variable: ABSRES
Method: Panel Least Squares
Date: 06/13/26 Time: 14:16
Sample: 2020 2024
Periods included: 5
Cross-sections included: 9
Total panel (balanced) observations: 45
Variable Coefficient Std. Error t-Statistic Prob.
C 0.114375 0.046397 2.465106 0.0191
GI -4.151314 1.937814 -2.142266 0.0396
DAR 0.024650 0.087174 0.282766 0.7791
TATO -0.025786 0.226915 -0.113638 0.9102
Effects Specification
Cross-section fixed (dummy variables)
R-squared 0.344501 Mean dependent var 0.077657
Adjusted R-squared 0.126001 S.D. dependent var 0.066924
S.E. of regression 0.062566 Akaike info criterion -2.482018
Sum squared resid 0.129178 Schwarz criterion -2.000241
Log likelihood 67.84540 Hannan-Quinn criter. -2.302416
F-statistic 1.576664 Durbin-Watson stat 2.828548
Prob(F-statistic) 0.151984
Nilai probability X1 dibawah 0,05 maka dinyatakan terkena gejala heteroskedastisitas, sedangkan
nilai probability X2 dan X3 diatas 0,05 maka dinyatakan bebas gejala heteroskedastisitas
Menggunakan Robust Standar Error (White to Way Cluster)
Dependent Variable: ABSRES
Method: Panel Least Squares
Date: 06/17/26 Time: 12:38
Sample: 2020 2024
Periods included: 5
Cross-sections included: 9
Total panel (balanced) observations: 45
White two-way cluster standard errors & covariance (d.f. corrected)
WARNING: estimated coefficient covariance matrix is of reduced rank
Standard error and t-statistic probabilities adjusted for clustering
Variable Coefficient Std. Error t-Statistic Prob.
C 0.114375 NA NA NA
GI -4.151314 0.575184 -7.217362 0.0020
DAR 0.024650 0.107153 0.230042 0.8293
TATO -0.025786 0.257899 -0.099986 0.9252
Effects Specification
Cross-section fixed (dummy variables)
R-squared 0.344501 Mean dependent var 0.077657
Adjusted R-squared 0.126001 S.D. dependent var 0.066924
S.E. of regression 0.062566 Akaike info criterion -2.482018
Sum squared resid 0.129178 Schwarz criterion -2.000241
Log likelihood 67.84540 Hannan-Quinn criter. -2.302416
F-statistic 1.576664 Durbin-Watson stat 2.828548
Prob(F-statistic) 0.151984
Nilai probability X1 dibawah 0,05 maka dinyatakan terkena gejala heteroskedastisitas, sedangkan
nilai probability X2 dan X3 diatas 0,05 maka dinyatakan bebas gejala heteroskedastisitas
Grafik Residual
.3
.2
.1
.0
-.1
-.2
-.3
SMMT - 20
SMMT - 22
SMMT - 24
MBAP - 21
MBAP - 23
BUMI - 21
BUMI - 23
DSSA - 20
DSSA - 22
DSSA - 24
GEMS - 21
GEMS - 23
HRUM - 20
HRUM - 22
HRUM - 24
TOBA - 20
TOBA - 22
TOBA - 24
BSSR - 20
BSSR - 22
BSSR - 24
PTBA - 21
PTBA - 23
Y Residuals
Dari grafik residual (warna biru) dapat dilihat tidak melewati batas (500 dan -500), artinya varian
residual sama. Oleh sebab itu tidak terjadi gejala heteroskedastiditas (napitupulu et al, 2021).
4. Uji Autokorelasi
Dependent Variable: ROA
Method: Panel Least Squares
Date: 06/17/26 Time: 12:43
Sample: 2020 2024
Periods included: 5
Cross-sections included: 9
Total panel (balanced) observations: 45
Variable Coefficient Std. Error t-Statistic Prob.
C 0.480340 0.088355 5.436505 0.0000
GI -3.536902 3.690175 -0.958464 0.3448
DAR -0.128938 0.166005 -0.776715 0.4429
TATO -1.532537 0.432113 -3.546613 0.0012
Effects Specification
Cross-section fixed (dummy variables)
R-squared 0.655254 Mean dependent var 0.193027
Adjusted R-squared 0.540339 S.D. dependent var 0.175733
S.E. of regression 0.119144 Akaike info criterion -1.193791
Sum squared resid 0.468444 Schwarz criterion -0.712014
Log likelihood 38.86029 Hannan-Quinn criter. -1.014189
F-statistic 5.702071 Durbin-Watson stat 1.601162
Prob(F-statistic) 0.000046
Dw stat = 1.601162
K= 3
Jumlah sample = 45
Dl = 1.3832
Du = 1.6662
4-dl= 4-1.3832= 2.6168
4-du= 4-1.6662= 2.3338
Maka dL<DW<dU berada di zona ragu