Which of the Following Is Not True of Seasonal Dummy

question 96

Multiple Choice

Which of the following is not true of seasonal dummy variables?

• A) Their values are either 0 or 1.
• B) Their number should be one less than the number of seasons.
• C) They are used to describe the seasonality in quarterly, monthly, or other increment time series.
• D) Their number should equal the number of seasons.

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Definitions:

Private Nuisance

An unlawful interference with the use or enjoyment of a property, usually by causing harm or obstruction.

Tort

A civil wrong that causes someone else to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.

Vicarious Liability

A legal principle that holds one party liable for the actions of another, based on the relationship between the two parties.

Occupiers' Liability Act

Legislation governing the responsibility of property owners or occupiers to ensure the safety of individuals on their premises.