Identify time series and cross sections.
-A mid-priced chain of hotels, Hometown Suites, collects data on monthly occupancy
Rates for forecasting and planning purposes. These data are
A) cross-sectional.
B) time series.
C) categorical.
D) transactional.
E) experimental.

Question

Quizplus · Accepted Answer

Time series data are collected over time, and the data on monthly occupancy rates for Hometown Suites is collected over time, so it is a time series.

Identify Time Series and Cross Sections