Given below are two statements, one is labelled as Assertion A and the other is labelled as Reason R.
Assertion A: R2 tends to be smaller for cross sectional data than for the time series data
Reason R: Wider fluctuations in the cross sectional data cause smaller value of R2
In light of the above statements, choose the correct answer from the options given below:
1
Both A and R are true and R is the correct explanation of A.
2
Both A and R are true but R is NOT the correct explanation of A.
3
A is true but R is false.
4
A is false but R is true.