A Data Set That Consists of Observations on a Variable

question 16

Multiple Choice

A data set that consists of observations on a variable or several variables over time is called a _____ data set.

• A)binary
• B)cross-sectional
• C)time series
• D)experimental

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Definitions:

Information-Processing Styles

The ways in which individuals perceive, analyze, and interpret information in their unique manner.

Complex Streams

Involves the management and processing of multifaceted data flows that can include a mix of structured, semi-structured, and unstructured data.

Perceptual and Behavioral Decision Traps

Cognitive biases or errors in judgment that can lead individuals to make irrational decisions.

Satisficing

A decision-making strategy that entails selecting the first option that meets a minimum threshold of acceptability, rather than searching for the optimal solution.