Question: A researcher wants to include the variable Geographic region with possible values North, South, East and West in a multiple regression to analyze sales. To

A researcher wants to include the variable "Geographic region" with possible values "North", "South", "East" and "West" in a multiple regression to analyze sales. To include this categorical variable, she should include a dummy variable for each of the 4 geographic regions.

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!