How Many Indicator Variables Are Required If There Are P

question 32

Multiple Choice

How many indicator variables are required if there are p seasons in a time series and you are forecasting with a seasonal regression model?

• A) p − 1
• B) p
• C) p + 1
• D) p + 2

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Definitions:

Partially Integrated Contract

A written contract that contains some, but not all, of the terms agreed upon by the parties, indicating that other terms or agreements must be established separately or are understood orally.

Ambiguities

Unclear or indeterminate areas within a text or statement that can lead to multiple interpretations.

Divisible

Capable of being divided or separated into distinct parts without losing its inherent nature or functionality.

Promissory Estoppel

A legal principle preventing a party from withdrawing a promise if the other party reasonably relied on that promise and acted upon it to their detriment.