A Seasonal Binary (Or Indicator or Dummy)variable, in the Case

question 12

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.

---

Definitions:

Agents

Individuals or entities authorized to act on behalf of others, in business or legal affairs, to achieve specified goals.

Information

Data processed, organized, or structured in a way that gives it context and relevance, allowing for decision-making.

Principals

The main parties interested or engaged in a certain activity or operation, often used in a legal, educational, or business context.

Underpayment Inequity

A situation where an individual feels they receive less compensation compared to others for the same work.