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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: June 23, 2018

    Included In Certifications

    This course is included in the following Expert Certifications:

    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

    5 Reviews (44 ratings)Reviews

    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
    4
    Anonymous Author
    I thought the slides were very thorough for this subject's video
    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