Hello
I am a student working with STATA for the first time. I am using panel data for the English Premier League football from 2010 to 2015 and am having trouble with first differencing my data to control for unobserved heterogeneity. Overall, I am interested in how a team's total player salary explains performance through statistics like total wins, shots, crosses, goalkeeper saves, and blocks
I have the 10 teams I am looking at in the observations column and have set up my statistics of interest as variables distinguished by year (i.e., Wins2010, Wins2011, etc.).
Do I need to rearrange my data in order to do first differencing in STATA or is there a way to input the function so that I have 5 dummy variables to account for the different years?
Any help is greatly appreciated!
I am a student working with STATA for the first time. I am using panel data for the English Premier League football from 2010 to 2015 and am having trouble with first differencing my data to control for unobserved heterogeneity. Overall, I am interested in how a team's total player salary explains performance through statistics like total wins, shots, crosses, goalkeeper saves, and blocks
I have the 10 teams I am looking at in the observations column and have set up my statistics of interest as variables distinguished by year (i.e., Wins2010, Wins2011, etc.).
Do I need to rearrange my data in order to do first differencing in STATA or is there a way to input the function so that I have 5 dummy variables to account for the different years?
Any help is greatly appreciated!