What is a categorical dependent variable? Why does it present a challenge to estimating the population multiple linear regression model by OLS? Explain.

Name: What is a categorical dependent variable? Why does it present a challenge to estimating the population multiple linear regression model by OLS? Explain.
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The Answer of What is a categorical dependent variable? Why does it present a challenge to estimating the population multiple linear regression model by OLS? Explain.

What Is a Categorical Dependent Variable? Why Does It Present