Real estate agencies also keep track of housing prices in a given area. Suppose they also provide their clients with quarterly median selling prices for homes in a given area for the past three year period. These data are
A) Cross-sectional
B) Time Series
C) Categorical
D) Nominal
E) Ordinal

Question

Quizplus · Accepted Answer

The data provided by real estate agencies is a time series since it consists of quarterly median selling prices for homes in a given area for the past three year period. Time series data is collected over time and can be used to identify trends and patterns.

Real Estate Agencies Also Keep Track of Housing Prices in a Given