True/False
A dummy variable is a variable that takes on the values of 0 and 1.
Correct Answer:
Verified
Related Questions
Q8: A binary choice model is also referred
Q9: Regression models that use a binary variable
Q10: A model y = β0 + β1x
Q11: Using a _ we can determine if
Q12: The logit model can be estimated with
Q14: Consider the regression model y = β0
Q15: A dummy variable is also called an
Q16: Including as many dummy variables as there
Q17: For the linear probability model y =
Q18: Gender is an example of _ variable.
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