Stata is the mighty software package embraced by academic researchers, data analysts, and statisticians worldwide. With its arsenal of tools for data visualization, management, inferential and descriptive statistics, it’s like a superhero cape for number-crunching. And it even has some secret weapons up its sleeve, like survival analysis, spatial analysis, and multilevel modeling, to conquer …
In the previous 2 articles we discussed the theoretical and practical implications of the Pooled OLS, Fixed Effect and Random Effect Models. This article will discuss the significance of dummy variables such as time or industry dummies in our panel data. We will use the same dataset we used in the previous article. The data …
In the previous article, we discussed the theoretical aspect of the panel data analysis, including the basic knowledge and limitation of the OLS, Fixed, and Random Effect Models. This article will demonstrate the application of various statistical models using Stata. Along with that, we will also look into the Breusch Pagan test and Hausman Test. …
In the previous article, we discussed the theoretical aspects of the estimation strategy. In this article will look into the practical aspects of the estimation strategy (Between estimation, First difference estimation, and within estimation). Between Estimation: We will first implement the manual method of between estimation analysis and then use the Stata command to do …
Between, First Difference and Within Estimation in Stata Read More »
A unique observation is a data point or occurrence that stands out from the others in scientific study and data analysis due to its unique qualities or traits. It can be an unusual occurrence or an outlier that dramatically deviates from the other data points in the dataset. In this article, we will count and …
