Recently, a manager for a major retailer computed the following seasonal indexes:
Fall Qtr Winter Qtr Spring Qtr Summer Qtr
1.21 0.85 0.91
Note that the index for Summer Qtr is missing. However, it can be determined that the index for that period is approximately 1.03
Indicate whether the statement is true or false
Question 2
If given a choice in collecting data on age for use as an independent variable in a regression model, a decision maker would generally prefer to record the actual age rather than an age category so as to avoid using dummy variables.
Indicate whether the statement is true or false
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