economics (week5) Flashcards
1
Q
Statistics
A
Quantitative information collected by a state. Originally referred to data collected by states in 19th-century Germany. It includes sets of quantitative information or data sets.
2
Q
Time Series
A
A sequence of observations on the same thing collected at regular intervals of time. Examples include the price of commodities (like oil) over several years.
3
Q
A
