If the regression framework is used to describe monthly seasonal data, how many dummy variables are needed?
A) 13
B) 12
C) 11
D) 10

Name: If the regression framework is used to describe monthly seasonal data, how many dummy variables are needed? A) 13 B) 12 C) 11 D) 10
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Question

Quizplus · Accepted Answer

For monthly seasonal data, you need 11 dummy variables to represent the 12 months. One month is used as a reference category, and the other 11 months are represented by dummy variables.

If the Regression Framework Is Used to Describe Monthly Seasonal