Question: Explain the difference between the following terms: (a) Financial and Economic Econometrics (b) Data revisions and published data (c) Ordinal and nominal data (d) Time

Explain the difference between the following terms:

(a) Financial and Economic Econometrics

(b) Data revisions and published data

(c) Ordinal and nominal data

(d) Time series and panel data

(e) Simple and continuously compounded returns

(f) Nominal and real series

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