BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Time series data
|
|
|
Categorical and quantitative data
|
|
|
Cross-sectional data
|
|
|
Random data
|
Detailed explanation-1: -Cross-sectional data are collected from several entities at the same, or approximately the same, point in time.
Detailed explanation-2: -Cross-sectional data, or a cross section of a study population, in statistics and econometrics, is a type of data collected by observing many subjects (such as individuals, firms, countries, or regions) at the one point or period of time. The analysis might also have no regard to differences in time.
Detailed explanation-3: -The entities on which data are collected is known as variables. A data item is also called as a variable. For example, age, sex, income, etc are referred as variables.
Detailed explanation-4: -(A) Frequency Distribution: A tabular summary of data showing the number (frequency) of data values in each of several nonoverlapping classes.
Detailed explanation-5: -A variable is a characteristic that can be measured and that can assume different values.