By assigning dummy variables with the numbers 0 and 1 indicates the association is mutually exclusive and
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By assigning dummy variables with the numbers ‘0’ and ‘1’ indicates the association is mutually exclusive and exhaustive in any category. What other conditions must be considered for dummy variables in a dummy variable model analysis?
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It is essential to check that the variables in a model are linearly independent before employ...View the full answer
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Related Book For
Statistics For Business And Economics
ISBN: 9781292315034
9th Global Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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