Hi there,
I have a panel dataset and wish to do a regression analysis that involves a variable, "Years since the Financial Crisis" (which refers to the most recent financial crisis of 2007).
I am looking for advice on how to code this.
Should I simply code all years as 0 up to and including 2007, and then 1 for 2008, 2 for 2009 etc? Or is there a better method?
Thanks in advance!
I have a panel dataset and wish to do a regression analysis that involves a variable, "Years since the Financial Crisis" (which refers to the most recent financial crisis of 2007).
I am looking for advice on how to code this.
Should I simply code all years as 0 up to and including 2007, and then 1 for 2008, 2 for 2009 etc? Or is there a better method?
Thanks in advance!
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