Weekly stock closing prices for IBM would be classified as which of the following?
A)Cross-sectional data
B)Time-series data
C)Nominal data
D)Ordinal data

Question

Quizplus · Accepted Answer

Weekly stock closing prices for IBM are time-series data as they are measurements taken over a specific period of time (in this case, a week) for a single variable (IBM stock prices). Cross-sectional data would involve measurements taken at a single point in time for multiple variables or observations, while nominal and ordinal data refer to different types of categorical data.

Weekly Stock Closing Prices for IBM Would Be Classified as Which