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Prediction of all countries’ PISA scores with macroeconomic indicators using pooled OLS with clustered standard errors

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pisa-clustered-ols

Prediction of all countries’ PISA scores with macroeconomic indicators using pooled OLS with clustered standard errors.

Out-of-sample prediction scores:

Metric PISA Math Scores PISA Reading Scores PISA Science Scores
$R^2$ 0.7815 0.7007 0.7185
$R^2_{adjusted}$ 0.7772 0.6954 0.7119
RMSE 18.9328 23.9736 15.1846
Predictors 'GINI', 'log(PCT_EDU_TRY)', 'ALC_PC', 'HOMICIDES' 'CPI', 'GINI', 'log(PCT_EDU_TRY)', 'ALC_PC' 'log(PCT_EDU_TRY)', 'GINI', 'ALC_PC', 'CPI'

Data from OECD and Worldbank.

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Prediction of all countries’ PISA scores with macroeconomic indicators using pooled OLS with clustered standard errors

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