1-14 1.3 Types of Data There are 3 types of data: 1. Time series data 2. Cross-sectional data 3. Panel data. a combination of 1.& 2 The data may be quantitative (e.g. exchange rates, stock prices), or qualitative(e.g. day of the week). Examples of time series data series frequenc GNP or unemployment monthly, or quarterly government budget deficit annually money supply weekl value of a stock market index as transactions occur1-14 1.3 Types of Data • There are 3 types of data : 1. Time series data 2. Cross-sectional data 3. Panel data, a combination of 1. & 2. • The data may be quantitative (e.g. exchange rates, stock prices), or qualitative (e.g. day of the week). • Examples of time series data Series Frequency GNP or unemployment monthly, or quarterly government budget deficit annually money supply weekly value of a stock market index as transactions occur