Distinguish between time series data and cross-sectional data.
A)time series data and cross-sectional are essentially the same.
B)time series data are collected at or represent the same point in time.
C)cross-sectional data are collected over time or represent values in two or more time periods.
D)time series data are collected over time or represent values in two or more time periods.
E)a and c

Question

Quizplus · Accepted Answer

Time series data are collected over time or represent values in two or more time periods, capturing the dynamics of variables over time. Cross-sectional data, in contrast, are collected at a single point in time across different subjects or entities.

Distinguish Between Time Series Data and Cross-Sectional Data