Question 34 Data collected from several entitics over a period of time (minutes, hours, days, ete.) are called categorical and quantitative data time series data cross-sectional data source data
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The Deep Dive
Time series data is a fantastic way to track how entities change over time. Think of it like a Netflix series where each episode reveals the next twist; you get insight into trends like seasonal shopping spikes or daily web traffic, making it invaluable for forecasting future events! Cross-sectional data, on the other hand, is like a snapshot of multiple entities at a single point in time. It's perfect for comparing different companies' performance or consumer preferences right now, but it doesn't tell you how things have evolved, which can sometimes leave you wanting more drama in your data story!
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