Understanding the Differences Between Cross-Sectional and Panel Data: The Pitfalls of OLS Regression in Panel Data Analysis
Difference Between Panel Data and Cross-Section Data Cross-sectional data and panel data are two distinct types of data structures used in statistical and econometric analyses, each serving different research purposes. Cross-Sectional Data: Panel Data: Key Differences: Understanding these differences is crucial for selecting the appropriate data structure based on the research objectives and the nature […]