Which of the following can be used to correct for seasonality in time-series modeling?
A) Error terms
B) Binomial coefficients
C) Dummy variables
D) Stochastic constants
E) Confidence intervals

Question

Quizplus · Accepted Answer

Dummy variables are commonly used to correct for seasonality in time-series modeling. By creating dummy variables for each season or month, we can account for any systematic differences in the data due to seasonal effects. Error terms, binomial coefficients, stochastic constants, and confidence intervals do not directly address seasonality in time-series modeling.

Which of the Following Can Be Used to Correct for Seasonality