first of all, I am very grateful for any help! Please don't take offense if the question is trivial. However, I am primarily a business student and therefore have little prior experience in neat notation of mathematical formulas. I am currently writing my thesis and want to ensure that the notation is consistent.
Example 1:
Suppose we have $p$ variables in the model and one of the variable is given by $X_j$. What is the correct notation for index $j$?
a) $j \in \{1, 2, ..., p\}$
b) $j=1,2,...,p$
Example 2:
Suppose we have a time index $t$ where $t$ can take the values $t_1, t_2, ..., t_P$.
What is the correct notation for index $t$?
a) $t \in \{t_1, t_2, ..., t_P\}$
b) $t=t_1,t_2,...,t_P$
I currently prefer alternative a). However, the literature differentiates between the two versions depending on the paper. Can someone tell me where exactly the difference in notation is?