Hello,
I understand that when a dependent variable is recorded in different units, you use cluster standard errors (by unit). When some of my independent variables are recorded in different units, would using cluster se be an adequate solution? For example, my X1 is a float but is recorded in different currency. I have a currency variable and other control variables in reghdfe model.
Thank you!
I understand that when a dependent variable is recorded in different units, you use cluster standard errors (by unit). When some of my independent variables are recorded in different units, would using cluster se be an adequate solution? For example, my X1 is a float but is recorded in different currency. I have a currency variable and other control variables in reghdfe model.
Thank you!
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