Hi, I am running a Structural autoregressive model in r and I have all my necessary codes but now I want to include a group into the model. How do I best go about this. Please see sample table below:
Area Price Income Population Rate
Amsterdam 10 5 100 2
Amsterdam 20 10 200 4
Brussels 8 4 80 3
Brussels 30 15 300 6
New York 15 7 150 8
New York 12 6 120 7
I have created my time series objects using the "ts" function and would like to run the full SVARs analysis but I do not know how to incorporate the "Area" group so that my regression estimates are by Area