Explain the difference between Cross-Section and Time-Series ...

[clmills979]

Explain the difference between Cross-Section and Time-Series Regression Analysis.
 
  What will be an ideal response?

Question 2

Which of the following is an example of the snob effect?
 
  A) The fewer consumers that buy the operating system, the fewer the applications that will be available.
  B) The more people that buy a luxury watch, the less value consumers put on the watch.
  C) The fewer ATMs available in the city, the fewer consumers want to join the network.
  D) None of the above.

[triiciiaa]

Answer to Question 1

Cross-section analysis examines the relationships between given values of a dependent variable and one or more independent variables at one moment in time (for one time period only).

Answer to Question 2

B