Identify the following data as either time series or cross-sectional.

Question

a. The number of rooms booked each night for the month of January 2017 at a Vail Resorts hotel
b. The amount spent on books at the start of this semester by each student in your statistics class
c. The number of Caesar salads sold for the week of April 19, 2017, at each Noodles & Company restaurant
d. The stock price of Coca-Cola Enterprises on May 1st for each of the last 10 years.

Answer 1

Ans:

a) as the data has been collected over a period of 30 days , therefore it is a time series
b) for the data is collected at one point of time., cross sectional
c) for the data is collected at one point of time., cross sectional
d) as the data has been collected over a period of 10 years , therefore it is a time series