Explain what are dummy variables


Assignment:

Explain what dummy variables are and how they can be used to account for seasonality. Give an example of how you might use dummy variables to measure seasonality for a good or service of your choice. Explain the signs you would expect on each. Assume that you are working with quarterly data.

Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.

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Basic Statistics: Explain what are dummy variables
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