Real estate agencies keep track of housing prices in a given area. Suppose they also provide their clients with quarterly median selling prices for homes in a given area for the
Past three year period. These data are
A) Cross-sectional
B) Time Series
C) Categorical
D) Nominal
E) Ordinal
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Question

Quizplus · Accepted Answer

The data provided by the real estate agencies is a time series, as it tracks the changes in median selling prices over a period of three years. It is not cross-sectional data, which would involve a snapshot of data at a specific point in time, or categorical data, which would involve grouping data into categories. It is also not nominal or ordinal data, which would involve assigning categories or ranks to the data.

Real Estate Agencies Keep Track of Housing Prices in a Given