From this task, you
can run analyses for a variety of model types.
You can analyze a class
of linear econometric models that commonly arise when time series
and cross-sectional data is combined. This type of pooled data on
time series cross-sectional bases is often referred to as panel data.
Typical examples of panel data include observations over time on households,
countries, firms, trade, and so on. For example, in the case of survey
data on household income, the panel is created by repeatedly surveying
the same households in different time periods (years).
This task also handles
cross-sectional data (data without the time ID values). Cross-sectional
data can be considered a special case of panel data.