Provide an example of a crosssectional and panel data setSol
Provide an example of a cross-sectional and panel data set.
Solution
Cross sectional-if you have to calculate obesity level in a given population,you take a sample of randomly selected 1000 people.Then data of height and weight is taken to measure obesity.Such cross sectional samples gives overwiew of obesity of a certain population.
Panel data-measuring the effect of education in income which includes data across time and individuals.
