Explain the differences between the following pairs of terms (a) Continuous and discrete data (b) Ordinal and
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Explain the differences between the following pairs of terms
(a) Continuous and discrete data
(b) Ordinal and nominal data
(c) Time-series and panel data
(d) Noisy and clean data
(e) Simple and continuously compounded returns
(f) Nominal and real series
(g) Bayesian and classical statistics
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