I want to create this "newdummy" based on the following condition.
If the sum of scaledummy >=3 from firmage 1-5 the "newdummy" should be = 1 when firm_age= 0.
Many thanks for help.
year | firmid | firmage | scaledummy | new dummy |
2001 | 10 | 0 | 0 | 1 |
2002 | 10 | 1 | 1 | 0 |
2003 | 10 | 2 | 0 | 0 |
2004 | 10 | 3 | 1 | 0 |
2005 | 10 | 4 | 0 | 0 |
2006 | 10 | 5 | 1 | 0 |
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