How to create industry dummy for 90 industries?
Posted: Wed Apr 06, 2011 9:57 am
Hi all,
I am doing a research for my thesis, but I do not have a strong background in econometrics/eviews. I am using panel data, with a different number of observations for each year, from 90 different industries. I am to perform a regression, and one of my variables is an industry specific dummy. My "guidance person" (or whatever you call her in English) told me there is a way to let Eviews do this in a regression (instead of making 90 different dummy variables, one for each industry). I have however no clue how to do this, and neither does she. Can anyone please help me? Thanks!
Mathijs
I am doing a research for my thesis, but I do not have a strong background in econometrics/eviews. I am using panel data, with a different number of observations for each year, from 90 different industries. I am to perform a regression, and one of my variables is an industry specific dummy. My "guidance person" (or whatever you call her in English) told me there is a way to let Eviews do this in a regression (instead of making 90 different dummy variables, one for each industry). I have however no clue how to do this, and neither does she. Can anyone please help me? Thanks!
Mathijs