Types of Data Flashcards
1
Q
Types of data
A
Time series Cross sectional Panel Continuous Discrete
2
Q
Time series
A
Monthly transactions
3
Q
Cross sectional data
A
Data on more than 1 variable e.g stock price at one point in time
4
Q
Panel
A
Combo of time series and panel e.g daily prices of 2 stocks
5
Q
Ordinary least squares
A
Minimises the squared distances from best fit line
