PANELS - EXERCISE: Analysis of Panel Data using GRETL The...

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Unformatted text preview: EXERCISE: Analysis of Panel Data using GRETL The Data From Greene. The gretl program is already linked to a data file greene14 1.gdt , which is designed to illustrate the analysis of panel data. The data file can be loaded via the menu commands h File ih Open Data ih Sample file i . These will bring the hh gretl: data files ii window to the fore. Click on the tab labelled Greene and select the airline cost data. The data can be viewed via the h Data ih Select all ih Display values i menu commands. The Structure of the Data. The data comprise observations on 6 airlines taken annually for 15 years. The joint indices for the airline, i.e. the unit, and for the year of observation are given in the first column of the display in the form of unit:year. Thus, for example, 1:13 denotes first airline and the 13th year. These indices inform gretl of the panel structure the data. The second and third third columns, which are titled unit and year, repeat this information in a way that is redundant. The remaining elements in each row correspond to the observations on the dependent variable...
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This note was uploaded on 03/02/2012 for the course EC 3062 taught by Professor D.s.g.pollock during the Spring '12 term at Queen Mary, University of London.

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PANELS - EXERCISE: Analysis of Panel Data using GRETL The...

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