Hi,
I want to perform a panel data regression analysis. I have a dataset of 40 countries for 15 years. I plotted my dependent variable and found that the dependent variable is not normally distributed. I know that one of the ways to achieve normality is by taking the natural log of the dependent variable. However, I wanted to ask if the variable actually needs to be normally distributed? Somehow I could not convince myself that it is absolutely necessary for the dependent variable to be normally distributed in a panel data. I would be thankful for any help and guidance on this!
Related Posts with Normality of dependent variable in panel data
All Dates on Data Editor Coming Up as .Hello! Currently new to operating STATA. My Data Editor does not show any dates despite me having d…
Estimating the modified Jones model by industry and year using panel dataHi all. I'm studying the relationship between restatements and firms' earnings management behaviour.…
Singleton dummy variable (possible problem)Dear all, I am running a couple of regressions with country and year fixed effects. But, in some re…
How can I use pweight by hand?Dear statalists: I want to use a mirco sampling data in R,but the package used in R is systemfit whi…
Combined new variable: code MV from other variablesI would like to create a variable in which I code 1 if a certain threshold in several other indicato…
Subscribe to:
Post Comments (Atom)
0 Response to Normality of dependent variable in panel data
Post a Comment