Question: A qualitative predictor can be used in a linear regression model by creating a set of k - 1 dummy coded variables/indicators and including the

A qualitative predictor can be used in a linear regression model by creating a set of k - 1 dummy coded variables/indicators and including the variables/indicators as predictors in a regression model. A qualitative predictor can be used in a linear regression model by creating a set of k - 1 dummy coded variables/indicators and including the variables/indicators as predictors in a regression model. True False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 Mathematics Questions!