A Regression Approach Can Also Be Used to Deal with Seasonality

question 57

Multiple Choice

A regression approach can also be used to deal with seasonality by using ____ variables for the seasons.

• A)smoothing
• B)response
• C)residual
• D)dummy

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Definitions:

Routine

Regular, unvarying procedures or sequences of actions that are followed consistently.

Structured

An organized and planned approach, method, or system, often designed to achieve a particular goal or set of objectives effectively.

Crisis Management

The method an organization employs to handle a sudden and unforeseen incident that poses a risk to the organization and its stakeholders.

Critical Decisions

Significant choices or judgments that have a major impact on the direction and success of an organization or individual.