An example of time-series data is to compile maintenance costs of 12 different manufacturing plants incurred during 2018.

Name: An example of time-series data is to compile maintenance costs of 12 different manufacturing plants incurred during 2018.
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Question

Quizplus · Accepted Answer

Time-series data involves tracking the same item, variable, or entity over different points in time. The example given tracks different entities (12 manufacturing plants) at one point in time (2018), which is more akin to cross-sectional data.

An Example of Time-Series Data Is to Compile Maintenance Costs