Tag: econometrics
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.
How to Perform Descriptive Statistics in Excel in Under 1 Minute
Descriptive statistical analysis is essential to carry out for your research data. From the output of descriptive statistics, you can obtain information such as the minimum, maximum, mean, standard deviation, standard error, and more. These values are important to interpret for each variable observed in your research.
How to Tabulate Data Using Pivot Table for Your Research Results
For those of you currently conducting research, the stages of data entry and data tabulation are important parts of the process. Excel, which we already use daily for data processing, can also help us perform data tabulation quickly.
Dummy Variables: A Solution for Categorical Variables in OLS Linear Regression
If you’re analyzing data using OLS linear regression, there are certain assumptions you need to meet. The purpose of these assumption tests is to ensure that the estimation results are consistent and unbiased.
How to Create Dummy Variables in Multiple Linear Regression Analysis
For those of you conducting multiple linear regression analysis, have you ever used dummy variables? These variables are very useful when we want to include categorical variables in a multiple linear regression equation.
How to Detect Normally Distributed Data in Linear Regression Analysis
When you conduct data analysis using linear regression, there are several assumptions that must be met. We need to fulfill these assumptions to ensure that the estimation results are consistent and unbiased.
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.
Alternative to One-Way ANOVA When Data Are Not Normally Distributed
If you’re conducting research to compare the means of more than two sample groups, one-way ANOVA is a commonly used statistical test. However, using this test comes with certain assumptions that must be met, specifically, that the data are normally distributed and homogenous.