4. (Integrating dummy variables) You fit a purely seasonal model with a full set of standard...

 

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4. (Integrating dummy variables) You fit a purely seasonal model with a full set of standard monthly dummy variables to a monthly series of employee hours worked. Discuss how the estimated dummy variable coefficients ₁, 2, ..., would change if you changed the first dummy variables D₁ = (1,0,0,...) (with all other-dummy variables remaining the same) to A. D₁ = (2,0,0,...) B. D = (-10,0,0,...) C. D" (1,1,0,0...) 4. (Integrating dummy variables) You fit a purely seasonal model with a full set of standard monthly dummy variables to a monthly series of employee hours worked. Discuss how the estimated dummy variable coefficients ₁, 2, ..., would change if you changed the first dummy variables D₁ = (1,0,0,...) (with all other-dummy variables remaining the same) to A. D₁ = (2,0,0,...) B. D = (-10,0,0,...) C. D" (1,1,0,0...)

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The question asks how the estimated dummy variable coefficients would change if you changed the first dummy variable D1 to the values specified in the ... View the full answer