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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 ...
Rather than studying particular individuals across that whole period of time (e.g. 20–60 years) as in a longitudinal design, or multiple individuals of different ages at one time (e.g. 20, 25, 30, 35, 40, 45, 50, 55, and 60 years) as in a cross-sectional design, the researcher chooses a smaller time window (e.g. 20 years) to study multiple ...
The cross-sectional study has the advantage that it can investigate the effects of various demographic factors (age, for example) on individual differences; but it has the disadvantage that it cannot find the effect of interest rates on money demand, because in the cross-sectional study at a particular point in time all observed units are faced ...
This type of cross-sectional analysis is in contrast to a time-series regression or longitudinal regression in which the variables are considered to be associated with a sequence of points in time. For example, in economics a regression to explain and predict money demand (how much people choose to hold in the form of the most liquid assets ...
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. [1]
Panel data is a subset of longitudinal data where observations are for the same subjects each time. Time series and cross-sectional data can be thought of as special cases of panel data that are in one dimension only (one panel member or individual for the former, one time point for the latter). A literature search often involves time series ...
Cross-sectional study: involves data collection from a population, or a representative subset, at one specific point in time. Longitudinal study: correlational research study that involves repeated observations of the same variables over long periods of time. Cohort study and Panel study are particular forms of longitudinal study.
Panel surveys are another important sub-type of longitudinal study. They differ from cohort studies by starting with representative cross-sectional samples, rather than cohorts defined by an event. Household panels draw representative samples of households and survey them, following all individuals through time on a usual annual basis.