Weifeng Wang1, Yugui Lu2
1School of Business, Hechi University, Yizhou Guangxi, China
2School of Mathematics and Physics, Hechi University, Yizhou Guangxi 546300, China
Panel clustering analysis has been widely used in the study of difference categories in the economic and social fields due to its advantages of analyzing data in both individual and time dimensions. After elaborating on the theory of Univariate panel data and Multivariable panel data clustering method, taking the 2008-2018 provincial panel data of Chinese residents' consumption index as an example, the R software implementation methods, procedures and specific steps of the single index and multiple indices of panel data clustering was investigated in this paper, hoping to provide a reference for the workers and researchers in economic and social statistics analysis.
Univariate panel data, Multivariable panel data, Clustering analysis, R Software
Weifeng Wang, Yugui Lu. Application of Clustering Analysis of Panel Data in Economic and Social Research Based on R Software. Academic Journal of Business & Management (2021) Vol. 3, Issue 10: 98-104. https://doi.org/10.25236/AJBM.2021.031018.
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