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Practical Time Series Analysis by Dr. PKS Prakash, Dr. Avishek Pal

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Different types of data

Business analysts and data scientists come across many different types of data in their analytics projects. Most data commonly found in academic and industrial projects can be broadly classified into the following categories:

  • Cross-sectional data
  • Time series data
  • Panel data

Understanding what type of data is needed to solve a problem and what type of data can be obtained from available sources is important for formulating the problem and choosing the right methodology for analysis.

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