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.

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Definitions:

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