Also is it nominal, ordinal, interval, or ratio?
Homework Answers
Concepts
- Cross-sectional data: The data set is cross-sectional when we analyze the data from one specific time period
- Time series data: The data set is called time-series data when we analyze the data over a range of time
- Nominal scales:We use nominal scales for labeling variables that are of no quantitative value. For eg: shirt color: Red, Blue, Black
- Ordinal scales: In the case of ordinal scales the order is important but we don't know the differences between each of them. For eg: 1-Not satisfied, 2- No effect, 3- Satisfied. The order is important but we can't say how much satisfied is 3 compared to 1
- Interval: In this case, we know the order and also the difference but we don't have a true zero. For eg, temperature
- Ratio: We have an order, difference and a true zero as well
Solution
Since we have the data over a period of time (from 2017-02 to 2017-07), the data is time series
So, Option D is the correct answer
Since the values are quantitative, has an order, difference and a true zero, it is a Ratio data
Please let me know if you have any doubts. Happy to help. Please thumbs up if you like the solution. Thanks
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PART A
PART B
Assignment
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#include <iostream>
#include <string>
#include <fstream>
#include <iomanip>
#include <stdio.h>
#include <ctype.h>
#include <string.h>
#include <algorithm>
using namespace std;
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int month;
int year;
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