I'm attempting to construct a regression model from two different dependent variables. The issue I'm having is that I would like to condense these down to one dependent variable and use time as my dependent variable.
To be more in depth, my research is on economic impact and the factors I am looking at are GDP per Capita and unemployment rates. I would like to condense GDP per capita and unemployment rates into a single dependent variable "economic impact".
Anyone have any ideas if this is possible?