Question: Dear Tutor, Please write good brief answers. Use 1 appropriate sources. Must provide as a reference. Respond to these questions: Explain what dummy variables are

Dear Tutor, Please write good brief answers.

Use 1 appropriate sources. Must provide as a reference.

Respond to these questions:

  1. Explain what dummy variables are and how they can be used to account for seasonality
  2. 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.
  3. Explain the expected sign of each dummy variable.

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