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:Show how you will code the dummy variables in this model, in other words fill in 13 rows with your dummy variables in the table below. (the first column, Month, tells you what month it is). Month              Jan              Feb              Mar              Apr              May              Jun              July              Aug              Sept              Oct              Nov              Dec              Jan

Question

:Show how you will code the dummy variables in this model, in other words fill in 13 rows with your dummy variables in the table below. (the first column, Month, tells you what month it is).

 

Month

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Jan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Feb

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mar

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apr

 

 

 

 

 

 

 

 

 

 

 

 

 

 

May

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Jun

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aug

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sept

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oct

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nov

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Jan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

check_circleAnswer
Step 1

In the given, the total number of months are 12, so it can use (12–1)=11 dummy variables.

Step 2

A dummy variable is a variable which takes the value 0 or 1, where 0 represents absence of some categorical effect and 0 represents presence of some categorical effect.

In the given case, 0 represents the month in the model which is absent and 1 represents
the month which is present in the model
help_outline

Image Transcriptionclose

In the given case, 0 represents the month in the model which is absent and 1 represents the month which is present in the model

fullscreen
Step 3

Make the table with dummy variab...

Use ,x,...x1 are dummy variables which are having the value 0 and 1
Month
Jan
0
0
0
0
0
0
0
0
0
00
1
Feb
0
1
0
0
0
0
0
0
0
0
0
Mar
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Apr
1
Мay
0
0
0
0
1
0
0
10
0
0
0
Jun
0
0
0
0
0
0
0
0
10
0
1
Jul
1
0
0
0
0
0
0
0
0
0
1
0
0
0
10
0
0
0
0
0
0
Aug
0
Sep
Oct
0
0
0
0
0
0
0
10
0
0
1
0
0
0
0
10
0
0
1
Nov
0
0
0
0
0
0
0
0
0
0
1
Dec
0
0
0
0
0
0
0
0
0
0
0
Jan
1
0
0
0
0
0
0
0
0
0
0
help_outline

Image Transcriptionclose

Use ,x,...x1 are dummy variables which are having the value 0 and 1 Month Jan 0 0 0 0 0 0 0 0 0 00 1 Feb 0 1 0 0 0 0 0 0 0 0 0 Mar 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Apr 1 Мay 0 0 0 0 1 0 0 10 0 0 0 Jun 0 0 0 0 0 0 0 0 10 0 1 Jul 1 0 0 0 0 0 0 0 0 0 1 0 0 0 10 0 0 0 0 0 0 Aug 0 Sep Oct 0 0 0 0 0 0 0 10 0 0 1 0 0 0 0 10 0 0 1 Nov 0 0 0 0 0 0 0 0 0 0 1 Dec 0 0 0 0 0 0 0 0 0 0 0 Jan 1 0 0 0 0 0 0 0 0 0 0

fullscreen

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