The table to the right shows the price of a novel at a certain book store during

Question

The table to the right shows the price of a novel at a certain book store during 2009. Identify the data as either time series or cross sectional. Choose the correct answer below. A. The data are time series because the data are measured over time. B. The data are cross sectional because the data are measured over time. C. The data are time series because the data are taken from situations that vary over time but are measured during a single time period. D. The data are cross-sectional because the data are taken from situations that vary over time but are measured during a single time period.

Explanation / Answer

Time series data comprises of values of a particular variable, recored over time. Here, we observe the price of the nover over 3 different dates. Hence, it is a time series.

Answer: Option A. The data are time series because the data are measured over time.

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.