I have data from a 3-wave panel study which I don't know how to analyze. I am interested in how an independent variable (IV) affects a dependent variable (DV). Therefore, I am not interested in the change of the single variables but how the change in one variable affects the change in the other. If I had only two timepoints, I would simply regress the change score of the DV on the change score of the IV. However, I am not sure how to deal with the 3rd time point.
Here are some things I have been looking into:
- Hierarchical Regression with time-varying covariate: Implementing a hierarchical regression of DV ~ time + IV with random intercepts and slopes for the time parameter. The IV would then be a time varying covariate and I would interpret it's relationship with the DV. At the same time, I would account for individual time trends via the random parameters. This was my favorite way to go. However, it led to a lot of convergence issues which I could not resolve
- Autoregressive SEM: Simply look at the relationship between IV and DV at all time points seperately and add autoregressive paths to the model. However, this is not considering the change in the variables / I could only interpret the relationship between DV and IV as cross-sectional, therefore not benefitting from the longitudinal character of the data. I also would like to calculate only one relationship between IV and DV as this relationship should not differ between the time points.
- Lagged dependent model: I'd perform a linear regression like this: DV ~ DV_lagged + IV, with DV_lagged being the DV one timepoint prior than DV. However, I am not sure how exactly one would then interpret the coefficient of the IV (in which I am interested).
As you might see, I don't have any prior experience with analyzing longitudinal data. I would really appreciate if you could explain what analysis you would recommend? (of course it does not need to be one of the above!)
Also: Is it possible to simply calculate two change scores (T3 - T2 and T2 - T1) and put them into one variable?