Solved

If You Are Modeling Shopping Decisions at the Grocery Store

Question 41

Multiple Choice

If you are modeling shopping decisions at the grocery store, and construct a control variable that is coded as 0 for not a store loyalty program member, 1 for an individual store loyalty program member, and 2 for a family store loyalty program member, it would be appropriate to model this as limited dependent variable because:


A) the outcome variable is ordinal.
B) the outcome variable is cardinal.
C) the range of possible values has consequential constraints.
D) None of the answers is correct.

Correct Answer:

verifed

Verified

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

Related Questions