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Exam (elaborations)

QMB 3200 MIDTERM UCF EXAM WITH QUESTIONS AND DETAILED ANSWERS |100% VERIFIED |2024 UPDATE |LATEST UPDATE!!!

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QMB 3200 MIDTERM UCF EXAM WITH QUESTIONS AND DETAILED ANSWERS |100% VERIFIED |2024 UPDATE |LATEST UPDATE!!!

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Uploaded on
November 8, 2024
Number of pages
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Written in
2024/2025
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QMB 3200 MIDTERM UCF EXAM WITH
QUESTIONS AND DETAILED ANSWERS
|100% VERIFIED |2024 UPDATE |LATEST
UPDATE!!!

Data
the facts & figures collected, analyzed, and summarized for
presentation and interpretation


Dataset
all the data collected for a particular analysis


Element
the entity on which data is collected


Variable
a characteristic of interest of an element


Observation
the variables associated with an individual element

, Categorical
use numeric or ordinal values of measurement of categories




Quantitative
use numeric (quantitative) measures


The type of statistical analysis depends on whether
the variable is
categorical or quantitative


Cross-sectional
data collected at a similar point in time


Time Series
data collected over several time periods


Panel
combination of cross-sectional and time series data
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