The tool supports interface of Foresight Analytics Platform 9 or earlier.
Panel data are spatial microeconomic samples tracked over time, that is, they consist of the observation of the same economic units that are made in successive moments in time. Panel data has the three dimensions: characteristics, objects, and time. Using panel data has a number of significant advantages when estimating parameters of regression relationships as they enable both time series analysis and spatial sample analysis. This data is used to study poverty, unemployment, crime and to evaluate the effectiveness of state social policy programs.
The Panel Data Model dialog box:
Initially, the following panels are displayed:
Description. It is used to set model name and identifier. It is similar to a standard panel.
Calculation Periods. It is used to set up model calculation period. It is identical to a standard panel.
Parameters. It is used to set up main model parameters.
See also:
The Model Object | Panel Data Regression