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Basic Question 2 of 6
Ninel Khan, a technical trader, is analyzing the seasonality of the price of the GBP/USD. Khan believes the price is significantly different in the first quarter compared to the other three quarters. She uses the first quarter as the reference point in the regression. The number of dummy variables that Khan will need in her regression equation is:
A. 2
B. 3
C. 4
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Martin Rockenfeldt
Learning Outcome Statements
formulate and interpret a multiple regression model that includes qualitative independent variables;
CFA® 2025 Level II Curriculum, Volume 1, Module 4.