Question: Describe some ways dummy variables can be useful in regression models.

Describe some ways dummy variables can be useful in regression models.

Step by Step Solution

3.48 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

There are several examples of way when we might use a dummy variable to account for a holiday to acc... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Forecasting Predictive Analytics Questions!