Multiple Choice
A seasonal binary (or indicator or dummy) variable, in the case of monthly data,
A) is a binary variable that take on the value of 1 for a given month and is 0 otherwise.
B) is a variable that has values of 1 to 12 in a given year.
C) is a variable that contains 1s during a given year and is 0 otherwise.
D) does not exist, since a month is not a season.
Correct Answer:
Verified
Correct Answer:
Verified
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