Essay
Explain the reason why we cannot include all of the dummy variables that are part of a given category, and instead need to leave one out (which serves as the reference point).
Correct Answer:

Verified
Including all the du...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
Including all the du...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Related Questions
Q1: We can include a categorical variable (such
Q2: Suppose we are interested in the effect
Q3: When dealing with categorical variables in the
Q5: It is sometimes useful to "jitter" data
Q6: Given the model College GPA = 2.0
Q7: The coefficient on the interaction of a
Q8: Explain how to deal with categorical variables
Q9: Consider the following regression results: Income
Q10: In a bivariate OLS model where the
Q11: Given the model Income = β<sub>0</sub><sub> </sub>+