Fixing the issue in assumption of OLS step by step or one by one
Recent newsHi, I want to raise the issue related to know whether your OLS is ok or not.
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Thanks for stopping by here. If you want to follow instructions on preparing panel data in STATA. Please follow the command below.
Before we start, a couple of things that you have to do are
// To re-group into numeric the variable parameter
egen (proposed variable) = group(the existing variable as a parameter)
in this example
egen countrynum = group(A)
// To check whether the data is fit with the
countrynum list A
countrynum in 1/10, sepby (A)
// To prepare based on the group of parameter
xtset (variable of group)
xtset countrynum
// To set the group yearly
xtset countrynum (the yearly variable), yearly xtset countrynum B, yearly
// to regress this panel data
xtreg (dependent variable) (independet variable and the rest)
Also read: What is Panel data?
If you need the data to practice the same as in the video. Feel free to use it here .
The research related to this Stata data also has been published in a Journal here . Don't forget to cite our name there.
The PDF of the guidance can be downloaded here .
If you are interested in running in the command line, here is the command format in Trinket
Hope this article helps.
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Hi, I want to raise the issue related to know whether your OLS is ok or not.
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