menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Statistics
  3. Study Set
    Statistics for Management and Economics
  4. Exam
    Exam 18: Model Building
  5. Question
    In Regression Analysis,a Nominal Independent Variable Such as Color,with Three
Solved

In Regression Analysis,a Nominal Independent Variable Such as Color,with Three

Question 45

Question 45

True/False

In regression analysis,a nominal independent variable such as color,with three different categories such as red,white,and blue,is best represented by three indicator variables to represent the three colors.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q40: Computer Training <br>Consider the following data

Q41: To gather the required observations for your

Q42: In explaining the amount of money spent

Q43: The model <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4388/.jpg" alt="The model

Q44: Computer Training <br>Consider the following data

Q46: Hockey Teams<br> An avid hockey fan was

Q47: For the following regression equation <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4388/.jpg"

Q48: Suppose that the sample regression equation of

Q49: In order to represent 3 categories of

Q50: Discuss briefly the procedure that is employed

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines