Answer :
In using quarterly time series data, Quarter two can serve as the base period for interpretation of dummy variables.
What do you mean by interpretation?
The process of interpreting anything involves elaborating, rephrasing, or otherwise demonstrating your own understanding of it.
Because they are explaining what someone is saying to someone who doesn't understand, a person who translates one language into another is known as an interpreter.
What are examples and variables?
A trait that is measurable and capable of taking on several values is known as a variable. A few examples of variables are height, age, income, province of birth, school grades, and kind of dwelling.
The two primary categories of variables are categorical and numeric.
Learn more about variable
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