Multiple Choice
If you are modeling shopping decisions at the grocery store, and construct an outcome variable that is coded as 0 for no soup purchases, 1 for soup purchased of only one brand, and 2 for soup purchase of multiple brands, it would be appropriate to model this outcome as limited dependent variable because the:
A) outcome variable is ordinal.
B) outcome variable is cardinal.
C) range of possible values has consequential constraints.
D) variable is dichotomous.
Correct Answer:

Verified
Correct Answer:
Verified
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