Which of the following is an example of time-series data:
A) loan processing times in each of 26 similar branch offices over the last 12 months
B) Direct labor hours in the Boston, Massachusetts and the New York City facility for each of the last 12 months
C) indirect labor costs and machine-hours in a manufacturer's assembly department each month for the last 12 months
D) Store sales for each U.S. based Wal-Mart for each the last 10 years.

Question

Quizplus · Accepted Answer

Time-series data involves observations on a variable or several variables over time. Option C describes data collected monthly over the last 12 months, fitting the definition of time-series data.

Which of the Following Is an Example of Time-Series Data