Question: (1) Discuss the difference between cross- sectional data and time series data. (2) If we record the total number of cars sold in 2012 by
(2) If we record the total number of cars sold in 2012 by each of 10 car salespeople, are the data cross- sectional or time series data?
(3) If we record the total number of cars sold by a particular car salesperson in each of the years 2008, 2009, 2010, 2011, and 2012, are the data cross- sectional or time series data?
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