i could need some assistance with the following issue.
Dataset
Station__name | Year | Mean_Year | Mean_till_04 |
Adaba | 2001 | 70 | 82,5 |
Adaba | 2002 | 80 | 82,5 |
Adaba | 2003 | 130 | 82,5 |
Adaba | 2004 | 50 | 82,5 |
I would like to create a new binary variable Climate_Shock (CS). CS is defined as CS=1 if the Mean_year of the particular year is 1sd below the Mean_till_04. So when the observation for one year is below 1sd below the long term average the new variable Climate_Shock shall give me the value 1, 0 if its not.
I have read and tried out some similair codes ( e.g.
drop if price < (r(mean) - 5 * r(sd) ) | (price> (r(mean) + 5 * r(sd)) but havent found one which works for me. Can somebody give advice how to run the code? Thanks in advance!
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