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What is Types of Data in Econometrics Explained about?

This document discusses different types of data used in econometrics: 1) Ordinal data can be ranked but not measured, like ratings on a scale. 2) Cardinal numbers indicate quantity or amount. 3) Nominal numbers are used for identification only, like phone numbers. 4) Cross-sectional data observes many subjects at the same time, to compare differences. 5) Time series data observes the same metric over time, like unemployment rates monthly. 6) Pooled cross-section data observes individuals at differ

Author
Geetika Puri
Language
EN