Panel data requires
A) data on individual entities.
B) time.
C) neither data on individual entities nor time.
D) both data on individual entities and time.

Question

Quizplus · Accepted Answer

Panel data refers to data collected over time on the same entities, such as individuals, firms, or countries. Therefore, it requires data on individual entities (such as their demographics, behavior, or characteristics) and time (such as periods, years, or seasons). Options A and B represent the two necessary components of panel data, whereas options C is incorrect because panel data requires both data on individual entities and time.

Panel Data Requires