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Jul 2, 2023 at 23:49 history edited Thomas Bilach CC BY-SA 4.0
Minor textual edit.
Jul 2, 2023 at 8:21 history edited User1865345 CC BY-SA 4.0
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Mar 30, 2022 at 12:46 comment added kaliscle or do you think I should include a fixed time effect for the construction year of the dwellings?
Mar 29, 2022 at 18:54 comment added kaliscle I actually included the years of offer as the time dummy set which corresponds to 10 years (2011 as reference category). If adding a series for year dummies, how could I compute them? I mean based on which argument would it be 0/1 in each year 2011-2021?
Mar 28, 2022 at 19:41 comment added Thomas Bilach No problem. Including the time dummies seems wise. But I do have a concern. Why do you use the “date of offer” as standing in for the times fixed effects? Why not use a series of year dummies?
Mar 28, 2022 at 11:37 comment added kaliscle Thank you for your answer and the model specifications. I tried the different adjustments within the lm-function. If I include the zipcode + year dummies, the R² is highest compared to the model with only a location fixed effect and the p-value of the interaction term braked:rba is <0.01 whereas with only a location fixed effect the p-value is <0.05. The standard error doesn't change for the interaction term. As you pointed out, the value of the estimates just changed from -0.006 (location dummies) to -0.009 (year+location dummies)
Mar 19, 2022 at 4:30 history answered Thomas Bilach CC BY-SA 4.0