Econometric Data Analysis: Types, Models, and STATA Commands

Posted by on Jan 10, 2025 in Archaeology | 0 comments

Econometric Data Types

  • Cross-sectional: Samples at a given point in time or current period.
  • Time series: Variables over time; the ordering of observations is important.
  • Pooled cross-sectional: Two or more cross-sections are combined, e.g., comparing variables across two different years. Used to evaluate policy changes.
  • Panel/Longitudinal data: The same cross-sectional units are followed over time. Can be used to account for time-invariant unobservables. E.g., each city has two observations in two different
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