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Panel data refers to multi-dimensional data frequently involving measurements over time in econometrics. It is also called longitudinal data in biostatistics.
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Understanding the Role of Firm Fixed Effects (a_i) in Panel Regression
I'm seeking clarification on the use of firm fixed effects $a_i$ in the following panel regression equation:
$$y_{it} = \beta_{i}x_{it} + a_{i} + u_{it}, \quad t = 1, 2, \ldots, T$$
From my understand …
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Comparing Two-Way Fixed Effects Model using Pooled OLS and Panel Data Fixed Effects Approach
I am working with an unbalanced panel dataset that has many missing values. I want to control for both firm-specific and time-specific effects in my analysis. I am considering two approaches:
Estimati …