SHAZAM Questions and Answers (Q&A) - RSS feedhttp://community.econometrics.com/questions/SHAZAM Econometrics, Statistics and Analytics Communityen<font color="white">Copyright <b>SHAZAM Analytics, 2018</b></font>Thu, 09 Jun 2011 15:47:08 +0000Static Panel Data with identical cross section variableshttp://community.econometrics.com/question/207/static-panel-data-with-identical-cross-section-variables/Hi all,
I am doing a static panel analysis: four independent variables, seven cross sections and a time span of 13 years. I want to include a variable (exchange rate) which varies over time **but** is **identical** (has the same value) for each cross section. Question: Is it possible to use an independent variable in the regression which has an identical value-sequence for all cross section members?
Regards,
P
Wed, 08 Jun 2011 12:12:44 +0000http://community.econometrics.com/question/207/static-panel-data-with-identical-cross-section-variables/Answer by Diana for <p>Hi all,
I am doing a static panel analysis: four independent variables, seven cross sections and a time span of 13 years. I want to include a variable (exchange rate) which varies over time <strong>but</strong> is <strong>identical</strong> (has the same value) for each cross section. Question: Is it possible to use an independent variable in the regression which has an identical value-sequence for all cross section members?</p>
<p>Regards,
P</p>
http://community.econometrics.com/question/207/static-panel-data-with-identical-cross-section-variables/?answer=292#post-id-292Hello
The answer is yes -- explanatory variables can have
identical values for each cross-section.
If you are using the POOL command for estimation the
data for each cross-section is stacked one after another.
The exchange rate variable will have the same 13 numbers
repeated for each cross-section.
If you are using the SYSTEM command for estimation then
a set-up may specify one equation for each cross-section.
Each equation will have the same variable name for the interest
variable in the list of explanatory variables.
Diana Whistler
University of British Columbia
Thu, 09 Jun 2011 15:44:55 +0000http://community.econometrics.com/question/207/static-panel-data-with-identical-cross-section-variables/?answer=292#post-id-292Answer by Diana for <p>Hi all,
I am doing a static panel analysis: four independent variables, seven cross sections and a time span of 13 years. I want to include a variable (exchange rate) which varies over time <strong>but</strong> is <strong>identical</strong> (has the same value) for each cross section. Question: Is it possible to use an independent variable in the regression which has an identical value-sequence for all cross section members?</p>
<p>Regards,
P</p>
http://community.econometrics.com/question/207/static-panel-data-with-identical-cross-section-variables/?answer=293#post-id-293Hello
The answer is yes -- explanatory variables can have
identical values for each cross-section.
If you are using the POOL command for estimation the
data for each cross-section is stacked one after another.
The exchange rate variable will have the same 13 numbers
repeated for each cross-section.
If you are using the SYSTEM command for estimation then
a set-up may specify one equation for each cross-section.
Each equation will have the same variable name for the interest
variable in the list of explanatory variables.
Diana Whistler
Thu, 09 Jun 2011 15:47:08 +0000http://community.econometrics.com/question/207/static-panel-data-with-identical-cross-section-variables/?answer=293#post-id-293