1.

2.
Pooled Data In pooled, or combined, data are elements of both time series and cross-section
data. The data in Table 1.1 are an example of pooled data. For each year we have 50 cross-
sectional observations and for each state we have two time series observations on prices and
output of eggs, a total of 100 pooled (or combined) observations. Likewise, the data given in
Exercise 1.1 are pooled data in that the Consumer Price Index (CPI) for each country for 1980–
2005 is time series data, whereas the data on the CPI for the seven countries for a single year
are cross-sectional data. In the pooled data we have 182 observations— 26 annual
observations for each of the seven countries.
3.
advertImpress <- read.table("https://raw.githubusercontent.com/cablegui/Econometrics/master/
OriginalData/Table%201.5.5.txt", skip=4, header= TRUE)

head(advertImpress)

## IMPRESSION ADEXP
## 1 32.1 50.1
## 2 99.6 74.1
## 3 11.7 19.3
## 4 21.9 22.9
## 5 60.8 82.4
## 6 78.6 40.1

tail(advertImpress)

## IMPRESSION ADEXP
## 16 38.0 26.9
## 17 10.0 5.7
## 18 12.3 7.6
## 19 23.4 9.2
## 20 71.1 32.4
## 21 4.4 6.1