Management Research magazine has recently published an article on discrete categories. Which of the following strategies for modelling discrete data do you think they suggest?
A) Stupid variables
B) Dummy variables
C) Imitation variables
D) Faking variables

Question

Quizplus · Accepted Answer

The article suggests using dummy variables as a strategy for modelling discrete data. Dummy variables are binary variables (0 or 1) that represent different categories or groups within the data. They are an effective way to model discrete data because they allow for comparisons between different groups, and can be used in regression analysis to predict outcomes based on the categories represented by the dummy variables.

Management Research Magazine Has Recently Published an Article on Discrete