I am trying to include year and industry fixed effects in my logistic model. Is this the correct way!
PROC logistic DATA= mydata desc;CLASS sic /PARAM=REF;MODEL dependent = independent / rsq;STRATA fyear;run; quit;
Thank you!
Your code looks good and why not add sic into model ? since you have already encode it.
MODEL dependent = independent SIC / rsq;
And I would doubt if STRATA will work on with CLASS variables. And What LOG is saying ?
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