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  • How to deal with unbalanced panel data for Hedonic Price Method?

    I currently have a micro (5 years) panel data of house price transaction. There are a total of 800 different high rise properties (name of apartment/condo) and 30000 transactions across the 5 years. However, the data is really unbalanced as residential properties have different numbers of transaction in a year. Also at times, a particular year does not have transaction of a particular property.

    I am unsure as how I should proceed with the analysis. If possible, I would like to avoid the pathway of removing the non-repeated properties from the data.

  • #2
    Izzat:
    welcome to this forum.
    I would not worry about unbalancedness, as Stata can handle both balanced and unbalanced panel datasets with no problem.
    Kind regards,
    Carlo
    (Stata 15.1 SE)

    Comment


    • #3
      Thanks Carlo.

      So this means I can proceed with the analysis as per usual with balanced panel data?

      Comment


      • #4
        Exactly.
        Kind regards,
        Carlo
        (Stata 15.1 SE)

        Comment


        • #5
          Originally posted by Carlo Lazzaro View Post
          Exactly.
          Sorry to bother you again, so given an example as below (note: hypothetical scenario), in my current understanding is that it can still be done normally? Apologies for the lack luster example. Fairly new to all of this.

          Year 2013
          Property 1
          Property 2
          Property 3
          Property 4
          Property 5

          Year 2014
          Property 1
          Property 3
          Property 6
          Property 7
          Property 8

          Year 2015
          Property 5
          Property 6
          Property 7
          Property 9

          Year 2016
          Property 1
          Property 3
          Property 6
          Property 10
          Property 11

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          • #6
            Izzat:
            yes, you can go (say) -xtreg-.
            Kind regards,
            Carlo
            (Stata 15.1 SE)

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