Answered: If i have cross sectional data for…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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If i have cross sectional data for multiple years and plan to perform regression using panel techniques (pooled OLS, FE, or RE), which variable would serve as the cross section unit given the following variables (see below)? I believe it would be mode of transportation. If so, do i need to include the mode of transportation in my model as a regressor dummy variable for each mode? This is transportation data: year, mode of transportation (air, train, truck), country of origin, province of origin, country of destination, province of destination, commodities, shipments, revenue, weight.

Definition Definition Measure of central tendency that is the value that occurs most frequently in a data set. A data set may have more than one mode if multiple categories repeat an equal number of times. For example, in a data set with five item—3, 5, 5, 29, 473—the mode is 5 because it occurs twice and no other value occurs more than once. On a histogram or bar chart, the element with the highest bar represents the mode. Therefore, the mode is sometimes considered the most popular option. The mode is useful for nominal or categorical data (e.g., the most common color car that users purchase), but it is problematic for continuous data because it is more likely not to have any value that is more frequent than the other.

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