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This course is focused on a special kind of regression that can help with making more accurate financial analyses. A common issue when dealing with large data sets is that multiple variables are changing at the same time and some of those variables are unobservable. To deal with this, a technique called a fixed effects regression needs to be used. The focus of this module is on applying fixed effects regressions in the context of business.

***Please download and open all supporting materials before starting the course videos.***

Learning Objectives

  • Discover what a fixed effects (FE) regression is
  • Identify when a FE regression is needed
  • Explore how to use a FE regression
  • Recognize how to interpret output from a FE regression
Last updated/reviewed: October 26, 2018

Included In Certifications

This course is included in the following Certification Programs:

15 CoursesCDAP (Certified Data Analyst Professional)

  1. The Fundamentals of Business Intelligence (BI): What it Does and Why it's so Essential
  2. How is Industry Using Big Data? – A Case Study Reading
  3. Business Intelligence - Data Collection and Cleaning
  4. Business Intelligence - Structuring Data for Analysis
  5. Business Intelligence - Fundamentals of Data Analysis
  6. Business Intelligence - Using Big Data Analytics
  7. Doing Data Analytics In Excel (Hands-on module)
  8. Regressions in Excel (Hands-on module)
  9. Financial Forecasting
  10. Advanced Analytics – Omitted Variables
  11. Advanced Analytics – Fixed Effects
  12. Case Study in Data Analytics
  13. Using Regressions for Forecasting
  14. Financial Forecasting in Excel (Hands-on module)
  15. Blockchain for Business

16 Reviews (152 ratings)Reviews

5
Anonymous Author
The course did a very nice job and explained important, relevant information in a manageable and easy-to-digest manner. The instructor was efficient and broke down the topics in an understandable way.
3
Anonymous Author
Decent course for the subject matter. Would have preferred the examples in something that is more common and widely used like excel though since many may not have Stata.
5
Anonymous Author
This course presented good, helpful information. Additionally, the information was presented in a concise and well organized manner.
4
Anonymous Author
Practitioners with exposure to the topic may find this more clear, but I found the limitation on fixed effects a little fuzzy.
4
Anonymous Author
This was a good overview of fixed effects that included examples that I thought were helpful to understand the topics.
5
Member's Profile
Great, thorough class as always, Michael. Will come back to this course material if I am ever in need.
4
Anonymous Author
Although I thought the examples to be very helpful, I felt a little confused throughout this one.
4
Anonymous Author
This course provided a basic understanding of how fixed effects can impact regression analysis.
4
Anonymous Author
This is a good overview of fixed effects. I liked the use of graphs and the numerous examples.
5
Anonymous Author
Michael made it easy to understand the importance of fixed effects in advanced analytics
5
Anonymous Author
Course was informative and easy to navigate. I would recommend it to a colleague.
5
Anonymous Author
Good course about fixed effects. Would recommend to any interested in the topic.
5
Member's Profile
Great course, love the content that this provides on FE. Keep it up!
4
Anonymous Author
I thought the slides were very thorough for this subject's video
4
Anonymous Author
this class contained good and interesting information.
5
Member's Profile
Everything about this course was absolutely fantastic.

Prerequisites

Course Complexity: Intermediate

Viewers should be familiar with basic financial and accounting concepts.

In addition, viewers should be familiar with Big Data and Business Intelligence, or review my existing courses on the topic.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  9:16Introduction and Module 1: Where do we use FE?
  8:14Module 2: Correcting Models With FE
  4:04Module 3: Limitatons of FE
  9:35Module 4: FE in Action
  11:07Module 4: FE in Action Continued..
  8:56Module 5: Difference in Differences
CONTINUOUS PLAY
  51:12Advanced Analytics – Fixed Effects Regressions
SUPPORTING MATERIALS
  PDFSlides: Advanced Analytics – Fixed Effects Regressions
  PDFAdvanced Analytics – Fixed Effects Regressions Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM