What is cross sectional data in statistics and its main features?
Cross sectional datarefers to data collected at a single point in time or over a short period, representing multiple subjects such as individuals, firms, or countries. It captures a snapshot to analyze variations across these subjects simultaneously, unlike time series data that tracks changes over time. Main features include diversity of subjects, single-time observation, and usefulness in comparing different groups or identifying relationships at one moment. For reliable and detailed academic support on statistics topics like this, BookMyEssay offers expert assignment help with quality and timely delivery.
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