In a previous post we discussed the difficulties of spotting meaningful information when we work with a large panel data set.
Observing the data collapsed into groups, such as quartiles or deciles, is one approach to tackling this challenging task. We showed how this can be easily done in Stata using just 10 lines of code.
As promised, we will now show you how to graph the collapsed data. (more…)
Panel data provides us with observations over several time periods per subject. In this first of two blog posts, I’ll walk you through the process. (Stick with me here. In Part 2, I’ll show you the graph, I promise.)
The challenge is that some of these data sets are massive. For example, if we’ve collected data on 100,000 individuals over 15 time periods, then that means we have 1.5 million cells of information.
So how can we look through this massive amount of data and observe trends over the time periods that we have tracked? (more…)