Molly Porter owns and operates two convenience stores, one on the East side of the city and the other on the South side. She has workforce-planning decisions to make and has collected some recent sales data that are relevant to her decisions. Listed below are the monthly sales ($000) at her two stores for the past six months.

a. Is the data set cross-sectional or time series data? Explain.
b. Comment on any apparent patterns you see in the data.

Question

Molly Porter owns and operates two convenience stores, one on the East side of the city and the other on the South side. She has workforce-planning decisions to make and has collected some recent sales data that are relevant to her decisions. Listed below are the monthly sales ($000) at her two stores for the past six months.
  
a. Is the data set cross-sectional or time series data? Explain.
b. Comment on any apparent patterns you see in the data.

Quizplus · Accepted Answer

The Answer of Molly Porter owns and operates two convenience stores, one on the East side of the city and the other on the South side. She has workforce-planning decisions to make and has collected some recent sales data that are relevant to her decisions. Listed below are the monthly sales ($000) at her two stores for the past six months.
  
a. Is the data set cross-sectional or time series data? Explain.
b. Comment on any apparent patterns you see in the data.

Molly Porter Owns and Operates Two Convenience Stores, One on the East