Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In order to capture monthly seasonality in a regression model, a series of indicator variables must be created. Assume January is the default month and

In order to capture monthly seasonality in a regression model, a series of indicator variables must be created. Assume January is the default month and that the indicator variables are setup for the remaining months in order.

a) How many indicator variables would be needed?

b) What values would the indicator variables take when representing March? Enter your answer as a list of 0s and 1s separated by commas.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Business Analytics

Authors: Troy Adair

1st Edition

1119132002, 9781119132004

More Books

Students also viewed these Mathematics questions

Question

Always have the dignity of the other or others as a backdrop.

Answered: 1 week ago