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:

Belongingness

The human emotional need to be an accepted member of a group, whether it is friends, family, or some larger entity.

Esteem Needs

According to Maslow's hierarchy, these are the fourth level of human needs, focusing on respect, self-esteem, and recognition from others.

Physiological Needs

The basic physical requirements necessary for human survival, such as air, water, food, shelter, and sleep, as outlined in Maslow's hierarchy of needs.

Safety

The condition of being protected from or unlikely to cause danger, risk, or injury.