Question: In a linear regression model with a single categorical variable, the intercept represents the predicted value (i.e., mean value of y) for the baseline for

In a linear regression model with a single categorical variable, the intercept represents the predicted value (i.e., mean value of y) for the "baseline for comparison" group, that is, the reference group or the group coded 0 on all dummy-coded indicators. In a linear regression model with a single categorical variable, the intercept represents the predicted value (i.e., mean value of y) for the "baseline for comparison" group, that is, the reference group or the group coded 0 on all dummy-coded indicators. True False

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