Question: When calculating the predicted likelihoods for a new observation, how did we know to use Yes = 1 and No = 0 as the values

When calculating the predicted likelihoods for a new observation, how did we know to use Yes = 1 and No = 0 as the values for our dummy variables (reachout, card, and nonpub)?

Group of answer choices

A the most common option is always 1

B the baseline (No) is always 0

C it has to be alphabetical

D 'Yes' has 1 more letter than 'No'

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 General Management Questions!