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This video explains fixed effects models and panel data analysis. By the end, viewers will be able to identify appropriate panel data analysis methods, distinguish between three methods for estimating fixed effect models, and interpret the results. An example is used to illustrate the model, using log earnings as a dependent variable and a dummy variable for marriage as independent. Results show that married men earn 25% more. The concern is raised about using OLS for panel data, as it ignores the panel nature of the dataset.