Hi,
I wonder how we can make a prediction with panel data. I have countries, independent variables (X1 and X2), year and dependent variable (Y). Which alghoritms should use in panel data? For example, I can make a classification for years (years and Y) and then I give cluster name for each year and then I predict Y.
Country | Year | X1 | X2 | Y |
---|---|---|---|---|
USA | 2011 | 123 | 123 | 1 |
USA | 2012 | 123 | 123 | 0 |
USA | 2013 | 123 | 123 | 1 |
USA | 2014 | 123 | 123 | 1 |
USA | 2015 | 123 | 123 | 1 |
GER | 2011 | 123 | 123 | 0 |
GER | 2012 | 123 | 123 | 0 |
GER | 2013 | 123 | 123 | 0 |
GER | 2014 | 123 | 123 | 0 |
GER | 2015 | 123 | 123 | 1 |
FR | 2011 | 123 | 123 | 1 |
FR | 2012 | 123 | 123 | 1 |
FR | 2013 | 123 | 123 | 0 |
FR | 2014 | 123 | 123 | 1 |
FR | 2015 | 123 | 123 | 1 |
Thank you!