In general, we use sample data rather than population data for two main reasons: (1) obtaining information
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In general, we use sample data rather than population data for two main reasons:
(1) obtaining information on the entire population is expensive, and/or (2) it is impossible to examine every item of the population.
Cross-sectional data contain values of a characteristic of many subjects at the same point in time or without regard to differences in time. Time series data contain values of a characteristic of a subject over time. P-7
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780071317610
1st Edition
Authors: Kelly Jaggia
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