Question

What type of data is this? Select one: cross-sectional, time-series, panel data. 1)You are trying to...

What type of data is this? Select one: cross-sectional, time-series, panel data.

1)You are trying to save money for a new car and you decided to start recording your spending over time to figure out how you can do it.

2)US Government tracks health care spending as a percent of GDP over time.

3) Undergraduate student advisor keeps records of all athlete students over the course of 4 years in UIC.

4) CNN conducted a poll to find out whether people would like US Government to intervene into Ukraine-Russian conflict.

5) A recent study has been following children over time since 1972 to 2012 to identify environmental factors influencing children’s health.

6) US unemployment rate over time.

7)You decide to document your weight change over time.

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Answer #1

1.

It is a time series data where the data is collected over a period of time to forecast the future.

2.

It is a time series data that can be used to predict the future.

3.

It is a panel data where the details of all the athletes over the period of 4 years are maintained on the same dimensions.

4.

It is a cross sectional data where at one point of time, people and other entities are recording their opinion.

5.

It is a panel data as it is over a period of time and observation is over different parameters.

6.

It is a time series data that is over a period of time.

7.

It is a time series data.

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