menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Statistics
  3. Study Set
    Understanding Business Statistics
  4. Exam
    Exam 12: Multiple Regression
  5. Question
    A Variable That Takes on the Values of 0 or 1
Solved

A Variable That Takes on the Values of 0 or 1

Question 49

Question 49

True/False

A variable that takes on the values of 0 or 1 and is used to incorporate the effect of qualitative variables in a regression model is called a dummy variable.

Correct Answer:

verifed

Verified

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

Related Questions

Q43: The coefficient of determination r<sup>2</sup>, a measure

Q44: The square root of the Mean Square

Q45: The mean square in an Analysis of

Q46: A regression analysis involved 6 independent variables

Q47: A regression analysis linking demand (y in

Q48: In multiple regression analysis<br>A)there can be any

Q50: In multiple regression, adding more independent variables

Q51: Introducing a series of highly correlated independent

Q52: A regression analysis involved 5 independent variables

Q53: In simple linear regression, a least squares

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