Quartelry Dummy Variables
Posted: Sat Jun 11, 2011 5:56 am
Hi,
I have been running a ls regression on quarterly inflation data from 1980 to 2009. So far my results look pretty good apart from 3 fairly large outliers. A colleague has suggested that these 3 are the results of one off events such as earthquakes, government announcements etc. and can be captured by 3 separate dummy variables. The thing is I am new to Eviews and have no idea how to create 3 separate dummy variables for specific quarterly periods over this 30 year time scale.
Any help would be greatly appreciated.
I have been running a ls regression on quarterly inflation data from 1980 to 2009. So far my results look pretty good apart from 3 fairly large outliers. A colleague has suggested that these 3 are the results of one off events such as earthquakes, government announcements etc. and can be captured by 3 separate dummy variables. The thing is I am new to Eviews and have no idea how to create 3 separate dummy variables for specific quarterly periods over this 30 year time scale.
Any help would be greatly appreciated.