Using plm To Analyze Panel Data

Michael Grogan shows us how to use the plm package to perform linear regression against panel data:

Types of data

  • Cross-Sectional: Data collected at one particular point in time
  • Time Series: Data collected across several time periods
  • Panel Data: A mixture of both cross-sectional and time series data, i.e. collected at a particular point in time and across several time periods
  • Fixed Effects: Effects that are independent of random disturbances, e.g. observations independent of time.
  • Random Effects: Effects that include random disturbances.

Let us see how we can use the plm library in R to account for fixed and random effects. There is a video tutorial link at the end of the post.

Read on for an example.

Related Posts

Inline Operators In R With wrapr

John Mount shows how to use inline operators in R with the wrapr package: The above code is assuming you have the wrapr package attached via already having run library('wrapr'). Notice we picked R-related operator names. We stayed away from overloading the + operator, as the arithmetic operators are somewhat special in how they dispatch in R. The goal wasn’t […]

Read More

Feature And Text Classification Using Naive Bayes In R

I wrap up my series on the Naive Bayes class of algorithms, finally writing some code along the way: Now we’re going to look at movie reviews and predict whether a movie review is a positive or a negative review based on its words. If you want to play along at home, grab the data set, […]

Read More

Categories

October 2018
MTWTFSS
« Sep Nov »
1234567
891011121314
15161718192021
22232425262728
293031