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Basic Econometrics 5th Edition by Damodar Gujarati,Dawn Porter
Edition 5ISBN: 978-0073375779Basic Econometrics 5th Edition by Damodar Gujarati,Dawn Porter
Edition 5ISBN: 978-0073375779 Exercise 1
If you have monthly data over a number of years, how many dummy variables will you introduce to test the following hypotheses:
a. All the 12 months of the year exhibit seasonal patterns.
b. Only February, April, June, August, October, and December exhibit seasonal patterns.
a. All the 12 months of the year exhibit seasonal patterns.
b. Only February, April, June, August, October, and December exhibit seasonal patterns.
Explanation
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Dummy variable trap occurs in regression...
Basic Econometrics 5th Edition by Damodar Gujarati,Dawn Porter
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