![]() ![]() For example: company profit in area ABC measured over 5 time periods. Meanwhile, time-series data consists of one object measured over several periods, for example, consumption, income, & production data in the last 20 years.ĭata involving many objects but measured over several time periods can be called panel data. The cross-sectional data consists of many objects measured in one time period, for example, farmers, companies, consumers, etc. ![]() We get cross-section data from the field according to the purpose of data collection. In general, we can divide the data into three, namely cross-section data, time-series data, and panel data. We can choose various data analysis techniques according to the purpose of data analysis. Research data need to be analyzed to obtain the required information.
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