Panel Data Analysis | Econometrics | Fixed effect|Random effect | Time Series | Data Science

#paneldata #machinelearning #statistics #datascience
This video is on Panel Data Analysis. Panel data has features of both Time series data and Cross section data. You can use panel data regression to analyse such data, We will use Fixed Effect Panel data regression and Random Effect panel data regression to analyse panel data. We will also compare with Pooled OLS , Between effect & first difference estimation.
I have made a beginner friendly (yet detailed) course on Quantitative Finance & Risk Modelling. For my course on Quantitative Finance contact [e-mail] or WhatsApp me on [phone] or [phone] (do not call, just drop me a message on WhatsApp).
Certifications in Tech & Finance:
Coursera : imp.i384100.ne...
DataCamp: datacamp.pxf.i...
Skillshare: skillshare.eqc...
Products I use:
Headphone: amzn.to/3wrjZAG
Laptop: bit.ly/42NaMP8
Speaker: bit.ly/3T8sBoM
iPad: bit.ly/3wr7rsY
Phone: bit.ly/49pd0XB
Join this channel to get access to perks:
/ @analyticsuniversity
Follow me on LinkedIn: / biswajit-pani-2035b734
Follow me on twitter: / analyticsuniver

[@harielvis]

Excellent explanation! Thanks for sharing the information freely. I even clicked some ad hoping it helps.

[@AnalyticsUniversity]

Thanks!

[@zarolive6858]

Agree!

[@tr3645]

thanks a lot. there are not that many videos that explain fixed-effect models in Japanese on CZcams. I am a Japanese student studying econometrics. I hope the number of videos explaining fixed-effect models in Japanese increases.

[@AnalyticsUniversity]

thanks

[@nigirizushi533]

thank you so much!! you're singlehandedly carrying my undergrad thesis

[@jameshurliman8951]

I got an ad at the beginning, popup ads that reappeared at the bottom continuously and video interrupt ads about every 2.5 minutes. I appreciate the content but the amount of ads is extreme.

[@kehindeadetiloye2221]

and very annoying

[@ashwinikokil385]

Agree!

[@joanseguramartin595]

there is something called adblock plus, u're welcome.

[@asaliah7]

Totally agree.

[@markclintworth6134]

Many thanks for this ! Clear, lucid and effective explanation. Very much appreciated.

[@hariprasadpathak9260]

What a comprehensive explanation in a very simple way! Really amazing. Thanks a lot.

[@charithkrish]

Sir can you make available the data file (excel file) that you are working with. It would be helpful practicing these techniques further. Thanks.

[@linwei6953]

Thank you so much for explain it so intuitively, it saves my life before the exam!

[@AnalyticsUniversity]

Thanks

[@jairammeena7853]

This tutorial on panel data is very crisp and insightful.

[@AnalyticsUniversity]

Thanks

[@martinindrawata8840]

Thank you so much sir, you saved my thesis

[@AndualemTaye]

excellent presentation, brief but comprehensive at the same time

[@orapierra6649]

Wooow this video summarise everything to get started with panel data modelling. Explained very well. thanks very much

[@agoogleuser6452]

Very clear explanation

[@mariateresabuenavista8560]

Many thanks for the guidance.

[@mustafizurrahman5699]

Simply mesmerising and splendid lecture to elucidate glimpse view on panel data analysis. Hats off

[@paraskhurana1388]

Nice video well explained everything. Can you please provide one big sample of panel data for practising on eviews. It would be very helpful....

[@brianwaiswa3659]

It is a marvelous video, it explains the concepts very well.

[@AnalyticsUniversity]

thanks

[@_uncleP_]

Best explanation on the internet🙏

[@andreavegatinoco7291]

Excellent video!! I took the time to sign in only to Like this video and subscribe. It was very clear, good exampling, and answered all my questions. Thank you!!

[@oluwatosinonayemi9060]

Thank you for this explanation. Really helpful.

[@Thoughtprovoking01]

Good work.. Find it really helpful... But it could have been presented in 35 mints..

[@kumartapan1]

Thank you very much for explaining the lecture such a simple way.................................................

[@emmanuel3047]

I liked this introduction! Thank you :)

[@kudzaichidzonga2139]

Well explained. You know your field. Thanks a lot. Keep posting more videos.

[@proshantadey4753]

What a nice and clear explanation of very complex topic! I really appreciate you doing this presentation! I would like to attend more classes! How can I do that?

[@AnalyticsUniversity]

Thanks!

[@aasifmalikshaik1738]

Thank you very much for this video. It was helpful.

[@jadhavmadhav]

Good lecture Sir
Thank you very much
Can you help me, how to use pnale data analysis for district wise crime data for 20 years

[@Dr.KishoreK]

Good video on panel data. Please share an example of panel data regression in SPSS with how to select FE or RE model.

[@dr.dhaneeshkumar7331]

Excellent explanation ...thank you sir

[@joshuamomanyi6836]

This is quite awesome one

[@tom4115]

That was great, thanks a lot. Fantastic communication. Very clear.

[@hillarychulukila2493]

Thanks good explanation

[@alexmugabo5677]

Very well explained lecture, thank you so much.

[@mr.babatundeololade7401]

Many thanks for these explanations

[@MrMandarpriya]

Sir, I wanted to know if i want for each of Yi, as suppose my Y is for each country, then how do i obtain result separately for each country

[@yousif_alyousifi]

Very good explanation
I
hope to explain spatial data in next lesson

[@2001aunti]

It helps me a lot. I have one question regarding the last part in your conclusion, it accounts for individual-specific heterogeneity. Could you please explain this as I do not understand why it becomes omitted variables? Appreciate your reply

[@nehac4849]

it clearly mentioned in his explanation since individual employees' salary may still differ if all other parameters are the same because some unobserved variables i.e. school in which employee went or IQ etc. now while you subtract the panel data equation with its average value and you reach to time demeaned equation then unobserved variables will be omitted.

[@ad841]

Brilliant Explanation, Sir!

[@diakokawkabishad3409]

Thank you so much, helped me alot !!!!

[@AnalyticsUniversity]

thanks

[@wbgfelix]

Thank you for the video. One question: You are comparing the tests by comparing the (adjusted) R2. As far as I know, the R2 of a fixed effect model can not be interpreted and compared, because it is by definition always better than in a random model or pooled OLS. So the comparison between the models, like you did here would not make sense. Do you agree?

[@mehrajudinbathangi1245]

Nice video. I got the operations on the panel data cleared very well.

[@XX-11235]

How do you figure out the correct specification of the model? I.e you know it's fixed effects but simple linear model doesn't give any significance to your variables? What transformation should you consider? How do you find out whether some variables have a nonlinear impact or that there is some sort of an interaction between 1 or more variables (e.g. y=a+bx+cz+dxz)

[@shazilmahmood3234]

It has been very informative video.

[@atiqurrahman8953]

I have viewed this video t.This gave me much benefit to me. If you have any problem on Hausman-taylor estimatoer in R please send me. Thank you.

[@sakinaseidu2014]

Lovely video. You made it practical!!

[@lemaianh5746]

This is really good video. Thnks much

[@victor891107]

I have a panel data with N=27 and T=6 Years, which estimation technique can be best suitable for this?

[@solomonkutties8454]

Thank you so much sir

[@shafiulalam1175]

Really it was amazing! I was zero before learning this.

[@AnalyticsUniversity]

thanks

[@murumbainekwe1741]

Thanks for this great lecture. However, in determining between using Fixed effect and Random effect for model fit., is it during analyisis you apply both to see the one that best fit your data? Am asking this because before your data collection you may need to specify the type of model you are going to use( FE or RE). At that point you have not collected the data to know how the data are going to behave in relation to FE or RE.

[@amjad525]

thank you, sir,
sir, I have two cross-sections (two countries) and time t=18, which technique will you prefer for this panel data. sir plz help me out.

[@asarwaribit]

Dear can you please help to let me know qhat are the steps to follow for endogeneity test for panel dat using eviews. I will be gratefull. if you can refer any good link oe just the steps. Waiting for your response. regards

[@bijuthank]

In the cities panel data, which attribute is the dependent variable, and which ones are the independent variable. I have a similar dataset and finding it hard to identify the dependent and independent variables, as there are none.

[@menzibennett4808]

Thank you.

[@shwethasunil4895]

Extremely useful video. Could you please share the complete R code too? And the data sheet after transformation

[@AnalyticsUniversity]

Thanks! Please send us an email to [e-mail]

[@indumathinagarajan7159]

Thank you very much. Clearly explained.

[@deobugandwa1790]

Thank you for this clear presentation. What about Stata?

[@sylverkacou5730]

Why do we want a higher R-squared? I did not quite get that.

[@Suresh8848m]

Great job..Please keep going

[@ravikiran2959]

superb

[@nagavemprala2677]

Can I use panel regression when I have two subjects, but many timepoints? Basically I have 5 IVs, but 2 subjects and around 90 data points for these subjects observed over time

[@francescapezze7695]

thanks for your great video! the website doesn't seem working!

[@shamailakhurshid8402]

Very good explanation...from where i can get code for r??

[@denistiyo7193]

Well explained. Thanks.

[@nandovankempen3950]

Does the time series component of panel data have to be consistent over time in terms of time in between data points. Is it necessary for example that there is always 1 year between each observation or can it change throughout the data set, so that for example in between the first two data points there is a one year gap and then for the next two data points there is a 3 year gap?

[@srirupabagchi2210]

very nicely explained. thank you

[@AnalyticsUniversity]

thanks

[@randaburaideh4905]

Thank you so much !

[@AnalyticsUniversity]

thanks

[@vivunimohammed7337]

perfect explanation

[@parfaitnzeyimana99]

I liked the tutorial

[@AnalyticsUniversity]

Thanks

[@touqeersarwar5372]

Thanks sir, really a good effort. Sir keep it up..!!

[@vasudhagupta5846]

Sir, It is important to check unit root for dummy variables.
Please suggest

[@monicasharma4344]

Very nicely explained...

[@mfigueira1303]

Excellent and very helpful! Is there a video about dynamic panel GMM? Thanks.

[@AnalyticsUniversity]

Thanks Mauro! We will make one on dynamic panel GMM

[@vaibhavchaudhary7687]

wonderfull

[@eddymorales3391]

Great stuff man. It was explained very well

[@Hatallula]

THANKKKK YOU

[@datadriventhinking5055]

Great explanation, thanks)

[@michelk8579]

Thanks, good video. Helps a lot.

[@ShaiVibes]

Great job. Thank you.

[@agroasesor1]

It works perfectly with animal production. I do something similar using percentage. Thanks in advance!!! G R A C I A S mil desde COLOMBIA.

[@graf_geo]

nice explanation and example :)

[@anirudhat.928]

Amazing Video !

[@user-xt9js1jt6m]

Wonderful !!!!

[@sidgupta179]

thank you

[@AnalyticsUniversity]

Thanks

[@LossinDulhey]

Can someone tell me if it is necessary for the data to be stationary to do the panel data analysis?

[@izzuddinabdullah19]

hi all. im looking for explanation on how to decide which independant variable is strongly affect the dependent variable, maybe there is a test for this but i dont know what it name is. can someone suggest me any links to study or books to review for my case? it is so important cause im using Stata, favored model is fixed effect model. Thanks

[@saniaafrin1082]

correlation with error term ,can you explain

[@eljangoolak]

hi thank you, isn't cross sectional data for multiple years just time series?

[@karvan8109]

It's panel data

[@naveeddar5966]

Thanks sir alot.

[@syamantaksen2068]

I understand the content is good, but so much of add losses my attention to the subject. After every 2 minutes, there is an ad for 5 seconds and continuous pop-up ads at the bottom.
That's a bit annoying.
but thanks for clearing the topic

[@LoveOfFood]

👍

[@LaBebaGomez]

hello good morning just in case you have a link to download stata 13 for free ?, thanks

[@eleanorwright4365]

Does anyone have any resources showing how to do this in SPSS?

[@mexzarkashiev2435]

Eleanor Wright SPSS can't handle Panel Data analysis. You should use STATA, R, SAS, Eviews or similar software.

[@sethnanakwameappiah-kubi5035]

Can someone share the stata download link free

[@gk4539]

too many ads

[@janjohansen6550]

Its not possible to watch this with all the adds!

[@RizwanAli-ky1ji]

Hy

[@sport2011ful]

اكو عرب بالطيارة

[@totochandelier]

Too much ads! Is it a choice of the youtuber? Impossible to follow it

[@maruthil5179]

You have bombarded the video with adds. It’s irritating.