Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume you have daily retail sales data and hypothesize that sales are always higher on weekends than during the work week. You should include a
Assume you have daily retail sales data and hypothesize that sales are always higher on weekends than during the work week. You should include a dummy variable
Select one:
a.for "weekend" which equals one on Saturday and Sunday and zero otherwise.
b.for Saturday ( =1 on Saturday, =0 otherwise) and another dummy variable for Sunday ( =1 on Sunday, =0 otherwise).
c.for "weekend" ( =1 on Saturday and Sunday, =0 otherwise), and another dummy variable for "work week" (=1 for Monday-Friday, =0 otherwise).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started