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 is collected over time, such as monthly occupancy rates, to analyze trends or forecast future events.

A Mid-Priced Chain of Hotels, Hometown Suites, Collects Data on Monthly