(1page)
Instructions
Respond to these questions:
Explain what dummy variables are and how they can be used to account for seasonality.
Please cite at least one academic article (APA or MLA format).
Select a product or service of your choice and explain how you would use dummy variables to measure seasonality in the sales of that product or service.
Explain the expected sign of each dummy variable.
References. (2)
line Videos
Delaney, J. (2013, February 4). Multiple regression – dummy variables and interactions – example in excel [Video file] [30 min 30 sec]. Retrieved from https://www.youtube.com/watch?v=H07l1zgM-cw
Foltz, B. (2014, December 17). Statistics 101: Multiple regression: Evaluating different models [Video file] [25 min 16 sec]. Retrieved from https://www.youtube.com/watch?v=wPJ1_Z8b0wk
Foltz, B. (2015, January 7). Statistics 101: Multiple regression, dummy variables [Video file] [20 min 58 sec]. Retrieved from https://www.youtube.com/watch?v=fTfMdCQJz4s
Management Information Systems. (2013, November 25). Using multiple regression in excel for predictive analysis [Video file] [9 min 17 sec]. Retrieved from https://www.youtube.com/watch?v=HgfHefwK7VQ
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