Which Type of Data, Cross-Sectional Versus Time Series, Is More

question 86

Multiple Choice

Which type of data, cross-sectional versus time series, is more important to research?

• A) Neither type of data is important.
• B) Cross-sectional data is more important than time series data.
• C) Time series data is more important than cross-sectional data.
• D) Time series data and cross-sectional data are equally as valuable in different types of research.

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Definitions:

Inflation Rate

The velocity with which the average cost figures for goods and services ramp up, undercutting the efficiency of consumer expenditure.

Unemployment Rate

The ratio of the entire labor pool that is jobless yet actively searching for work and prepared to start working.

Fed

The Federal Reserve System, which is the central bank of the United States, responsible for the nation's monetary policy.

Inflation

The velocity at which the general cost of goods and services surges, thereby diminishing the purchasing capacity.