Is it possible to generate a new variable "phase" that is based on the time the participants were questioned? I generated this new variable by dividing the time into three phases (beginning, middle, end) and would like to use it as an independent variable in a panel regression.
If I would use the time itself as an independent variable, this would logically result in an error, but I would like to see if the time has an effect on the dependent variable. How can I do this in a panel regression?
Thanks in advance!