- CFA Exams
- CFA Level I Exam
- Study Session 3. Quantitative Methods (2)
- Reading 10. Sampling and Estimation
- Subject 2. Time-Series and Cross-Sectional Data
CFA Practice Question
Data that describe characteristics of entities (such as persons, places, and companies) at a given moment in time are called ______.
A. time-series data
B. a database
C. cross-sectional data
Explanation: Cross-sectional data are data that describe characteristics of entities (such as persons, places, and companies) at a given moment in time. A balance sheet is just one example of cross-sectional data. A census is also an example of cross-sectional data.
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