In statistics and econometrics, cross-sectional data is a type of data collected by observing many subjects (such as individuals, firms, countries, or regions) at a single point or period of time. Analysis of cross-sectional data usually consists of comparing the differences among selected subjects, typically with no regard to differences in time.
For example, if we want to measure current obesity levels in a population, we could draw a sample of 1,000 people randomly from that population (also known as a cross section of that population), measure their weight and height, and calculate what percentage of that sample is categorized as obese. This cross-sectional sample provides us with a snapshot of that population, at that one point in time. Note that we do not know based on one cross-sectional sample if obesity is increasing or decreasing; we can only describe the current proportion.
Cross-sectional data differs from time series data, in which the same small-scale or aggregate entity is observed at various points in time. Another type of data, panel data (or longitudinal data), combines both cross-sectional and time series data aspects and looks at how the subjects (firms, individuals, etc.) change over a time series. Panel data deals with the observations on the same subjects in different times.
Panel analysis uses panel data to examine changes in variables over time and its differences in variables between selected subjects.
Variants include pooled cross-sectional data, which deals with the observations on the same subjects in different times.
In a rolling cross-section, both the presence of an individual in the sample and the time at which the individual is included in the sample are determined randomly. For example, a political poll may decide to interview 1000 individuals. It first selects these individuals randomly from the entire population. It then assigns a random date to each individual. This is the random date that the individual will be interviewed, and thus included in the survey.
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The course provides an introduction to econometrics. The objective is to learn how to make valid (i.e., causal) inference from economic and social data. It explains the main estimators and present met
This course covers statistical methods that are widely used in medicine and biology. A key topic is the analysis of longitudinal data: that is, methods to evaluate exposures, effects and outcomes that
We provide a comprehensive overview of the econometric tools that are essential to estimate financial models, both for asset pricing and
for corporate finance.
A longitudinal study (or longitudinal survey, or panel study) is a research design that involves repeated observations of the same variables (e.g., people) over long periods of time (i.e., uses longitudinal data). It is often a type of observational study, although it can also be structured as longitudinal randomized experiment.
In mathematics, a time series is a series of data points indexed (or listed or graphed) in time order. Most commonly, a time series is a sequence taken at successive equally spaced points in time. Thus it is a sequence of discrete-time data. Examples of time series are heights of ocean tides, counts of sunspots, and the daily closing value of the Dow Jones Industrial Average. A time series is very frequently plotted via a run chart (which is a temporal line chart).
Forecasting is the process of making predictions based on past and present data. Later these can be compared (resolved) against what happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results creating a variance actual analysis. Prediction is a similar but more general term. Forecasting might refer to specific formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgmental methods or the process of prediction and resolution itself.
For the prediction of landslide-generated waves, previous studies have developed numerous empirical equations to express the maximums of wave characteristics as functions of slide parameters upon impact. In this study, we built the temporal relationship be ...
MDPI2023
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Background Socio-emotional difficulties often result from very preterm (VPT) birth. The amygdala's developmental trajectory, including its nuclei, has been recognized as a significant factor in observed difficulties. This study aims to assess the relations ...
Springernature2024
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For the prediction of landslide-generated waves, previous studies have developed numerous empirical equations to express the maximums of wave characteristics as functions of slide parameters upon impact. In this study, we built the temporal relationship be ...