EFFECT

RANDOM

FIXED

VARIABLES

LN_MKT_SHARE

LN_MKT_SHARE

LN_LTE

−0.008***

−0.007***

(0.003)

(0.002)

LN_WCDMA

0.040*

−0.052***

(0.024)

(0.018)

LN_REC_MENSAL_OP

0.635***

−0.266***

(0.030)

(0.039)

LN_RECM_ARPU

0.021

0.296***

(0.047)

(0.054)

LN_TX_CHAM_SMP4

0.113

−0.064

(0.098)

(0.058)

LN_TXCONNE_SMP8

−0.275

−0.825**

(0.560)

(0.326)

LN_GAR_TX_SMP10

−0.722**

−0.466***

(0.301)

(0.179)

LN_TX_ATENDESMP12

−0.055**

−0.032*

(0.026)

(0.017)

Constant

−10.833***

2.800***

(0.390)

(0.614)

Observations

322

322

R-Square

0.304

Number of IDs (i)

4

4