Question

5. Types of Economic Data For each of the following e whether the data are cross-section, time series or panel data. (a) Quarterly data on the level of U.S. new housing construction from 2000 to 2018. (b) Data on number of doctor visits in 2018 for a sample of 192 individuals. (c) Data on annual health expenditures for each U.S. state from 2000 to 2018. (d) Data on usual mode of transportation used to commute to work for a sample of 151 individuals. xamples state whether the data are numerical or categorical, and state

0 0
Add a comment Improve this question Transcribed image text
Answer #1

(a) Numerical because it is housing data and time-series because it has information on one subject over an equally-spaced period of time.

(b) Numerical as number of doctor visits is numerical and cross-sectional. It is data for a large number of individuals at a single point of time, 2018.

(c) Numerical, Panel data or longitudinal data as there are multiple subjects and over a period of time.

(d) Categorical as modes of transportation is a category, and cross-sectional.

Add a comment
Know the answer?
Add Answer to:
5. Types of Economic Data For each of the following e whether the data are cross-section,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 6. Types of Economic Data For each of the following state whether the data are observational...

    6. Types of Economic Data For each of the following state whether the data are observational or experimental (a) Data on earnings for individuals some of whom chose to participate in a training program and some who did not. (b) Data on earnings for individuals some of whom were randomly assigned to a training program and some who were not. (c) Data on school outcomes for charter schools and for traditional schools

  • For each of the following descriptive methods, state whether it may be applied to categorical data,...

    For each of the following descriptive methods, state whether it may be applied to categorical data, continuous numerical data, or both. (a) Bar charts (b) Histograms (c) Summary statistics (d) Cross-tabulations (e) Correlation analysis (f) Scatter plots (two- or three-dimensional) (g) Binning

  • Preferred e-mail address! - Answer each of the following, equal weighed questions. 1. List all of the following whic...

    Preferred e-mail address! - Answer each of the following, equal weighed questions. 1. List all of the following which are typically concerns of macro-economics. a. Growth of Gross Domestic Product b. Imperfect competition, i.e., monopolies and oligopolies. c. Deflation. d. The distribution of income. e. The tax treatment of capital gains. f. Nominal interest rates. 2. Indicate whether each of the following data series are treated as endogenous or exogenous in the economic models presented in Chapters 1 through 12...

  • Assess whether from a utilitarian, rights, justice and caring perspective, Unocal did the right thing in...

    Assess whether from a utilitarian, rights, justice and caring perspective, Unocal did the right thing in deciding to invest in the pipeline and then in conducting the project as it did. In your view, and using your utilitarian, rights, justice and caring assessments, did Unocal do the right thing? CASE: Unocal in Burma Union Oil Company of California, or Unocal, was founded in 1890 to develop oil fields around Los Angeles and other parts of California. By 1990, Unocal had...

  • Caterpillar Inc. 2017 2016 5 S 51,822 2,900 54,722 42,676 2,786 45,462 35,773 2,764 38,537 STATEMENT...

    Caterpillar Inc. 2017 2016 5 S 51,822 2,900 54,722 42,676 2,786 45,462 35,773 2,764 38,537 STATEMENT 1 Consolidated Results of Operations for the Years Ended December 31 Dollar is willions cat pershare dal Sales and revenues Sales of Machinery, Energy & Transportation Revenues of Financial Products Total sales and revenues Operating costs Cost of goods sold Selling, general and administrative expenses Research and development expenses Interest expense of Financial Products Goodwill impairment charge Other operating incomel expenses Total operating costs...

  • summatize the following info and break them into differeng key points. write them in yojr own...

    summatize the following info and break them into differeng key points. write them in yojr own words   apartus 6.1 Introduction—The design of a successful hot box appa- ratus is influenced by many factors. Before beginning the design of an apparatus meeting this standard, the designer shall review the discussion on the limitations and accuracy, Section 13, discussions of the energy flows in a hot box, Annex A2, the metering box wall loss flow, Annex A3, and flanking loss, Annex...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT