Panel PCA: How to apply Panel PCA?
Posted: Thu Feb 25, 2021 5:25 am
I want to apply Principal Components Analysis (PCA) in Eviews on panel data. In Eviews, the option for PCA are different for time series data and Panel data. The help file of Eviews states that when you have panel data, then you should use the option of Panel Principal Components Analysis in Eviews. I have opened the data in Eviews as panel data which is confirmed by the Range (which appears as Range: 1984 2015 x 37 – 1184 obs). When I open the 10 variables "as Group" and click on View, there appears only the option of Principal Components Analysis but no option of Panel Principal Components Analysis (using Eviews 10 and 11 version).
Kindly guide me, how to get the option of Panel Principal Components Analysis and apply it?
Kindly guide me, how to get the option of Panel Principal Components Analysis and apply it?