Ekonometri Instroduktion

Question 1

The cross-sectional data are

Answer 1

Data on different entities for a single time period

Question 2

The time series data are

Answer 2

data for a singel entity collected at multiple time periods

Question 3

The panel data are

Answer 3

data for multiple entities in which each entity is observed at two or more time periods

Question 4

The specification of the econometrical model consists of the following components

Answer 4

functional specification