Name for the kind of variable

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Reference no: EM131008069

Additive regression model for the Apple prices is: Dependent variable is: Apples R squared = 51.9%  R squared (adjusted) = 34.9% s = 0.1108 with 47 - 13 = 34 degrees of freedom

Variable Intercept

Coefficient - 114.825

SE(Coeff) 29.46

t-ratio - 3.90

P-value 0.0004

Time

0.057746

0.0147

3.94

0.0004

Jan

- 0.001438

0.0783

- 0.018

0.9855

Feb

- 0.007062

0.0783

- 0.090

0.9287

Mar

0.003626

0.0784

0.046

0.9634

Apr

0.015064

0.0784

0.192

0.8488

may

0.058751

0.0785

0.749

0.4592

Jun

0.115689

0.0786

1.47

0.1501

Jul

0.173627

0.0787

2.21

0.0342

Aug

0.169815

0.0788

2.16

0.0383

Sep

0.049253

0.0789

0.624

0.5368

Oct

0.006191

0.0791

0.078

0.9381

Nov

- 0.014249

0.0847

- 0.168

0.8675

a) What is the name for the kind of variable called Jan in this model?

b) Why is there no predictor variable for December?

c) Is there evidence of a cyclic component in these data?

Reference no: EM131008069

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