Panel Data Regression Example
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Panel Data Regression Example
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So what exactly is panel data First let s take a look at the following definition A panel data is a multi dimensional data of an observation that is measured repeatedly over time This is a one liner definition but a lot to unpack from This definition implicitly describes three key properties of a panel dataset Panel data also known as longitudinal or cross sectional time series data is a dataset in which the behavior of entities i are observed across time t Xit Yit i 1 n t 1 T These entities could be states companies families individuals countries etc

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