Solved

Which of the Following Statements About Dummy Variablesis False

Question 81

Multiple Choice

Which of the following statements about dummy variablesis false?


A) We can incorporate any nominal variable into regression analysis by creating one or more dummy variables.
B) Dummy variables are also known as binary variables,nominal variables,or indicator variables.
C) These variables take on only two values,namely 0 or 1,and those values then indicate the absence or presence of a particular nominal characteristic.
D) All of these choices are true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents