I am a newbie in statistics, however my job requires me to do a Multivariate time series analysis.
I have 32 observations. Main independent variable, dependent variable and 4 other variable which I will control. This is basically to understand how GDP (i.v) effects the main D.V.
Now i am confused, what to do? which model to use? log? and lag values? checking data whether it is stationary, how should i do that?
Can Please someone tell me step by step direction, how should I go ahead with this?