The Most Important Distinction Between True Panels and Omnibus Panels

question 22

Multiple Choice

The most important distinction between true panels and omnibus panels is

• A)the sample design is different.
• B)different types of information are collected.
• C)time series analysis can be used only on true panel data.
• D)omnibus panels can be used only for "in-house" research.
• E)Time series analysis can be used only on omnibus panel data.

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Definitions:

Mean

A measure of central tendency that is calculated by dividing the summation of all values in a data set by the number of values.

Laws Of Variance

Principles that describe how variance behaves in different statistical distributions and under various transformations.

Probability Distribution

A function in mathematics that determines the chances of different outcomes for a given experiment.

Variance

A measure of the dispersion or spread of a set of values, calculated as the average of the squared differences from the Mean.