Indicate whether the data are time series or cross-sectional. Number of motorcyc
ID: 3231332 • Letter: I
Question
Indicate whether the data are time series or cross-sectional. Number of motorcycles sold in a dealership on each day of June Choose the correct answer below A. The data are cross-sectional because the data are measured over time B. The data are time series because the data are taken from situations that vary over time but are measured at a single time instant. C. The data are cross-sectional because the data are taken from situations that vary over time but are measured at a single time instant D. The data are time series because the data are measured over time.Explanation / Answer
Cross-sectional data is a study population, in statistics and econometrics is a type of data collected by observing many subjects (such as individuals, firms, countries, or regions) at the same point of time, or without regard to differences in time.
From the given situation, the data are the cross-sectional because of the data are taken from the situation that vary over time but measured at a single time instant.
Option:B