A business analyst wanted to predict the success of a government intervention in failing firms,predicted by a categorical variable,'duration of financial difficulty prior to the intervention'.The predictor variable had four categories: less than 6 months,6-12 months,1-2 years,more than 2 years.They needed to code these variables into dummy variables for the regression using less than 6 months as their control category.Which of the following represents the correct coding scheme?

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The Answer of A business analyst wanted to predict the success of a government intervention in failing firms,predicted by a categorical variable,'duration of financial difficulty prior to the intervention'.The predictor variable had four categories: less than 6 months,6-12 months,1-2 years,more than 2 years.They needed to code these variables into dummy variables for the regression using less than 6 months as their control category.Which of the following represents the correct coding scheme?

A Business Analyst Wanted to Predict the Success of a Government