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What Is A Panel Study. A study that uses panel data is called a longitudinal study or panel study. The panel study however differs from other long view studies in at least two significant ways.
Panel data also known as longitudinal data or cross-sectional time series data in some special cases is data that is derived from a usually small number of observations over time on a usually large number of cross-sectional units like individuals households firms or governments. A longitudinal study wherein at least one group is followed over time. A panel study also known as cohort study is a type of observational and longitudinal study that is utilized in various scientific fields and marketing areas.
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You have one group of participants and you follow them in the time to the future. A longitudinal study wherein at least one group is followed over time. The panel study follows the exact same group of participants over time and the follow up study reconnects at a later time with respondents who participated in the survey previously. One of the specific types of research that make use of the survey method is a panel study also called as a cohort study.