In order to represent a nominal variable with m categories,we must create m - 1 indicator variables.
Correct Answer:
Verified
Q46: Computer Training
Consider the following data
Q49: Motorcycle Fatalities
A traffic consultant has analyzed
Q50: If a quadratic relationship exists between y
Q54: Computer Training
Consider the following data
Q58: Hockey Teams
An avid hockey fan was
Q61: Silver Prices
An economist is in the
Q62: Motorcycle Fatalities
A traffic consultant has analyzed
Q72: Motorcycle Fatalities
A traffic consultant has analyzed
Q73: In explaining the amount of money spent
Q78: An indicator variable (also called a dummy
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents