CFA Practice Question

There are 434 practice questions for this study session.

CFA Practice Question

Which of the following statements is (are) correct?

I. Time series data is always preferable because it always captures more information than cross-sectional data.
II. The characteristics of the stocks traded in the NYSE on the last week of December of 2011 should be studied using time series data.
III. Time series data requires the collection of data over multiple periods.
IV. The evolution of the new currency of the European Union (Euro) during the 1990s can be captured using cross-sectional data.
Correct Answer: III only

Time series data requires the collection of data over multiple periods.

User Contributed Comments 7

User Comment
jpducros Why not II ?
redxxxs Because it's not over a time period.
cleopatraliao II is cross sectional data--its @ a single point in time...not euqally spaced time intervals:)
Seancfa1 Why not IV?
Seancfa1 All good, sorted.
Seancfa1 single point in time.
ashish100 keyword - evolution
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