Sunday, 1 March 2020

Data Type for Econometric Analysis

Cross Sectional-Data is mostly used to compare the data difference between the subject matter of data. like from the population one can take a sample and measure gender, eye color, and hight by the given point of time.

Cross Section Diagram
Time Series Data Consist of data set belongs to one or more than one variable upon the bases of time.
Time Series Diagram


Panel Data is a combination of Cross-Sectional and Time Series data.
Panel Data Diagram

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