Cross-sectional data represents a snapshot at a single point in time across different subjects or entities, such as individuals, companies, or countries. Time series data, on the other hand, involves observations over time, showing trends, patterns, and changes in a particular subject across multiple time periods. Both methods offer valuable insights, with cross-sectional data useful ... https://www.bookmyessay.com.au/assignment-help/cross-sectional-vs-time-series/