Question: What is the primary advantage of using panel data rather than a large cross - section data set collected over time? a ) it allows
What is the primary advantage of using panel data rather than a large cross section data set collected over time?
a it allows the effects of individual dummies to be estimated
b it gives you more degrees of freedom
c it allows coefficients to change over time
d it allows you to control for individual heterogeneity
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
