微信扫一扫
实时资讯全掌握
Consider the following model of earnings (EPS) regressed against dummy variables for the quarters:
EPSt = α + β1Q1t + β2Q2t + β3Q3t where:Which of the following statements regarding this model is most accurate? The: A. coefficient on each dummy tells us about the difference in earnings per share between the respective quarter and the one left out (first quarter in this case). B. EPS for the first quarter is represented by the residual. C. significance of the coefficients cannot be interpreted in the case of dummy variables. |