BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

BUSINESS ANALYTICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Data collected from several entities over a period of time (minutes, hours, days, etc.) are called ____
A
categorical and quantitative data
B
time series data
C
source data
D
cross-sectional data
Explanation: 

Detailed explanation-1: -Time series data is a collection of observations obtained through repeated measurements over time.

Detailed explanation-2: -Cross-sectional data are collected from several entities at the same, or approximately the same, point in time.

Detailed explanation-3: -Time series data is data that is recorded over consistent intervals of time. Cross-sectional data consists of several variables recorded at the same time. Pooled data is a combination of both time series data and cross-sectional data.

Detailed explanation-4: -What Is Longitudinal Data? Longitudinal data, sometimes called panel data, is data that is collected through a series of repeated observations of the same subjects over some extended time frame-and is useful for measuring change.

Detailed explanation-5: -The DateTime data types are DATE, TIME, and TIMESTAMP. PERIOD(DATE) data type.

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