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:

Processing Fees

Charges associated with the handling of certain transactions or services, often seen in financial services, ticket sales, and loan applications.

Credit Card Transaction

A financial activity where a credit card is used to make a purchase or payment, involving the transfer of funds from the credit provider to the vendor.

Easy to Use

Referring to products, systems, or procedures designed to be user-friendly, with minimal complexity in operation.

Paying Bills

The act of settling amounts owed for goods received or services rendered, typically a financial transaction.