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Dear Tutor, Please write good brief answers. Use 1 appropriate sources. Must provide as a reference. Respond to these questions: Explain what dummy variables are
Dear Tutor, Please write good brief answers.
Use 1 appropriate sources. Must provide as a reference.
Respond to these questions:
- Explain what dummy variables are and how they can be used to account for seasonality
- Select a product or service of your choice and explain how you would use dummy variables to measure seasonality in the sales of that product or service.
- Explain the expected sign of each dummy variable.
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