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hello good day and welcome to my channel in this tutorial video well be looking at how to conduct planet cross-session dependence test and specifically we would like to know why we need to conduct the test and how to correct the problem if it exists in a panel regression model okay conceptually uh cross-sessional dependence uh relates to the interconnectedness among our cross section in the panel setting we want to know how events or activity in one cross session influences event or activity in the other cross session in the independent setting uh like for instance we have this ongoing russia russia ukraine war okay now we want to know how i want to know if okay if this work uh this was influencing other countries of the world okay uh you believe with me that way technology the degree of interconnectedness among the world is rising okay so uh cross-sectional dependence is something that is is its natural in between fourth century because of technology and and and so on now why do we