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Data Data Da Series Series Series Series Data

Time series data measures data points at particular times, such as the Dow Jones Index measured each day. Line charts are used to plot time series data to analyze and compare differences in data over time. Cross-section data collects different data sets from various sources at a particular time, such as eating habits within a country. It provides a snapshot of information relevant to an area as a whole. The main difference between the two is that time series data focuses on results over an extended period, while cross-section data focuses on information received at a particular time from various locations.

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Mamatha Ellanti
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25 views

Data Data Da Series Series Series Series Data

Time series data measures data points at particular times, such as the Dow Jones Index measured each day. Line charts are used to plot time series data to analyze and compare differences in data over time. Cross-section data collects different data sets from various sources at a particular time, such as eating habits within a country. It provides a snapshot of information relevant to an area as a whole. The main difference between the two is that time series data focuses on results over an extended period, while cross-section data focuses on information received at a particular time from various locations.

Uploaded by

Mamatha Ellanti
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Time series data data data da series series series series

data
Time series data is data that is measured using a
sequence of certain points at particular times. The Dow
Jones Index is an example of data that is measured
using time series data, as the data collected is listed at
a certain time on each day. Line charts are used to plot
time series data and these enable the viewer of the data
to analyze the data with ease, and to compare and
contrast the differences between one set of data at a
particular time and another set of data at a particular
time.
Cross-section data
Cross-section data

cross sectional data cross


is data

that

is

collected

by analyzing different sets of data from different sources


at a particular time. This type of statistical information is
useful when observing habits within a country, such
as eating habits, voting habits, and drinking habits.
Applying a certain set of questions to a certain number of
people in different areas, and collating the information to
achieve a realistic picture that is relevant to a nation or an

area as a whole makes this data useful. Another example


of cross-section data is business data collected to see
the popularity of certain products at a particular time, and
this

is

known

as market

research.

The major difference between time series data and


cross-section data is that the former focuses on results
gained over an extended period of time, often within a
small area, whilst the latter focuses on the information
received from surveys and opinions at a particular time,
in various locations depending on the information sought.

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