Panel Data Analysis Essential Training

Panel Data Analysis Essential Training

1h 37mAdvanced2023-03-28

Authors

Franz Buscha

Franz Buscha

Professor of Economics at the University of Westminster

Course details

Panel data is among the most complex data sources available to data analysis scientists. Analyzing such data requires an understanding of a new class of models that go beyond traditional linear regression techniques. In this course, professor of economics Franz Buscha introduces you to such models and highlights how and when to use them. Franz covers best practices, basic panel data setup, descriptive analysis, and advanced modeling techniques. He explains each topic theoretically and shows you a simple practical example. Franz goes over common panel data models, including FE and RE estimation, and explores advanced panel data techniques, such as Mundlak, dynamic, and nonlinear models.

Skills covered

Data AnalysisEssential TrainingData ScienceBusiness Analysis and StrategyBusiness Software and Tools

Concepts

Introduction

  • How panel data makes a difference
  • What you should know

Panel Data

  • What is panel data
  • Advantages of panel data
  • Disadvantages of panel data
  • Types of panel data

Panel Data Management

  • Long vs. wide form
  • Appending and merging

Describing Panel Data

  • Describing panel data
  • Overall, between, and within summaries
  • Transition summaries

Linear Models

  • Error component models
  • Pooled OLS models
  • Fixed effect models
  • Random effect models
  • Multilevel models
  • Fixed or random effects
  • Mundlak correction

Other Models

  • Nonlinear models
  • Dynamic models

Conclusion

  • Next steps and additional resources
40,000 Toman