Tag: cross-section data
Reasons Why the R-Squared Value in Time Series Data Is Higher Than in Cross-Section Data
If you’re doing regression analysis, R-squared is one of the most important metrics you need to understand. R-squared shows how much of the variation in the dependent variable can be explained by the variation in the independent variables in a regression model.
Understanding Cross-Section, Time Series, and Panel Data Structures in Research
For those of you currently conducting research, I believe it’s important to have a solid understanding of data structure before starting. This is crucial because the structure of your data will determine the appropriate analytical tools to use when analyzing your research results.
Assumptions of Multiple Linear Regression on Cross-Section Data
Multiple linear regression is a statistical technique used to predict the value of a dependent variable based on several independent variables. This regression provides a way to understand and measure the influence of independent variables on the dependent variable.
How to Distinguish Cross-Section Data, Time Series Data, and Panel Data
Based on the collection method, data can be divided into cross-section, time series, and panel data. A good understanding of the differences between the three types and how to collect the three types of data will lead to the right choice of analysis.