Dummy variables for seasonality help.

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Dummy variables for seasonality help.

Postby mstevenson83 » Fri Mar 26, 2021 11:09 am

I am relatively new to Eviews and can't find a solution on this forum for an issue i'm having and was wondering if I could be pointed in the right direction - I have imported data onto my workfile for the daily (Mon-Fri) closing returns of the FTSE100 from 2010-2020 and want to analyse the "Monday effect" on the returns, meaning I have to make a dummy variable for Monday.

I have created a column next to the daily returns where it says "0" next to all non-Monday returns and "1" next to all Monday returns but I'm not sure how I run an OLS regression with the dummy variable.

Any help would be greatly appreciated.

EViews Gareth
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Re: Dummy variables for seasonality help.

Postby EViews Gareth » Fri Mar 26, 2021 11:28 am

Can you be more explicit?

EViews (or any other software) doesn't care if a variable is a dummy variable or not. It is just a variable. You create an equation with it in the same way as you would any other variable.
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