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AW: st: RE: RE: estimation with a time trend.


From   "Martin Weiss" <martin.weiss1@gmx.de>
To   <statalist@hsphsun2.harvard.edu>
Subject   AW: st: RE: RE: estimation with a time trend.
Date   Mon, 5 Jul 2010 14:17:41 +0200

<> 

Then I do not understand the word "midpoint". I thought you meant something
like the mean or median?



HTH
Martin


-----Ursprüngliche Nachricht-----
Von: owner-statalist@hsphsun2.harvard.edu
[mailto:owner-statalist@hsphsun2.harvard.edu] Im Auftrag von Nick Cox
Gesendet: Montag, 5. Juli 2010 14:14
An: statalist@hsphsun2.harvard.edu
Betreff: RE: st: RE: RE: estimation with a time trend.

Sorry; I meant 

year- (or -year- MINUS midpoint for interpretability) 

For example, if you work with (year - 2000) then intercepts have a clear
interpretation as "predicted value in 2000".  

Nick 
n.j.cox@durham.ac.uk 

natasha agarwal

On Mon, Jul 5, 2010 at 11:03 AM, Nick Cox <n.j.cox@durham.ac.uk> wrote:
> As -egen, group()- maps to 1 ... whatever regardless of gaps, this
might
> in fact make things worse. What's wrong with -year- (or -year- MINUS
> midpoint) for interpretability?

I am afraid I did not understand "year- (or -year- MINUS> midpoint)
for interpretability?"

Martin Weiss

> Your code maps years in your dataset to integer numbers, and I am not
> sure
> that it gets you any closer to your final destination. So far, it has
> not
> hurt either...
>
> natasha agarwal
>
> I was trying to estimate a production function with an unbalanced
> firm-year panel data and wanted to include a time trend. However I was
> not sure if the time trend was created correctly.
>
> egen t=group(year)
>
> I was wondering if anyone could please tell me if this was correct?
>

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