How to include a (0-1) indicator variable on the right-hand side of a regression, how this affects

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How to include a $0-1$ indicator variable on the right-hand side of a regression, how this affects model interpretation, and give an example.

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Principles Of Econometrics

ISBN: 9781118452271

5th Edition

Authors: R Carter Hill, William E Griffiths, Guay C Lim

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Question Posted: Mar 30, 2024 11:01 AM

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How to include a (0-1) indicator variable on the right-hand side of a regression, how this affects

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Including a 01 Indicator Variable in Regression A 01 indicator variable also called a dummy variable is a powerful tool for representing categorical d...View the full answer

Principles Of Econometrics

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