Cross-sectional data refers to data collected at a single point in time from different subjects, offering a snapshot of a specific moment. In contrast, time series data involves data collected over various time periods, capturing trends and patterns over time. The key difference lies in the dimension: cross-sectional focuses on different entities at once, while time series tracks chan... https://www.bookmyessay.com.au/assignment-help/cross-sectional-vs-time-series/