Archive for March, 2011


Finding Good Resources

This past week I did not put as much time into my project as I would have liked to, but still managed to be somewhat productive. While searching for information on the advantages of panel data, I stumbled across a web page for a graduate level course called “Applied Econometrics: Topics in the Analysis of Panel Data” taught by William H. Greene.

William H. Greene is a very well-respected author in the field of econometrics, and apparently a professor of economics at NYU. The web site has power points for all of his lectures, and will be incredibly valuable in helping me learn and explain panel data modeling.

Professor Hunnicutt from the ECON department here at PLU is also letting me borrow one of her graduate level textbooks on econometrics. William H. Greene also happens to be the author of that.

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Capstone Outline

This week I outlined my paper in LaTeX (Burns Capstone Outline). I also began searching for a good proof regarding panel data to include in my paper. What I’ve found so far are rather lengthy and technical papers with titles that sound appealing for my purposes.

Next week I plan on reading through some of the materials I have gathered. This will be a continuation of searching for a good proof, as well as gathering information to include in my paper. I may also begin filling in my outline, if time allows.

Outlining Capstone

This week I spent about five minutes writing a very broad outline of my paper. I then went to Prof. Munson’s office to go over it with her. She said it looked good.

What I need to do next is type my outline in LaTeX and start filling it in with detailed information. Also, I was told that a proof exists that would be great to include in my paper. Thus, I will also spend some time searching for that proof.

Inactive Week

So far this week all of my attempts to work on my project have been interrupted by homework for other classes. Hopefully progress will be made between now and the weekend. What I want to accomplish is a very broad outline of what I need to do, and what I am working towards. I’ll attempt to do this informally below, and then clean it up later.

What I have done so far is break the simplest form of the panel data model down into terms of x’s and y’s. What I’d like to do next is write out why the panel data model is awesome, and back it mathematically (in an informal way). Then I need to break down specific variations of the model, and explain them. Finally, I was told that I can prove that the variance in a panel data regression is less than that of an ordinary least squares regression, and I think that doing this may add necessary mathematical rigor. When I finally have what I plan on doing completely laid out, I’ll meet with Prof. Munson again to see if I need to make any changes.