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  2. Topic
    Statistics
  3. Study Set
    Practical Econometrics
  4. Exam
    Exam 12: Limited Dependent Variables
  5. Question
    What Is a Categorical Dependent Variable? Why Does It Present
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What Is a Categorical Dependent Variable? Why Does It Present

Question 3

Question 3

Essay

What is a categorical dependent variable? Why does it present a challenge to estimating the population multiple linear regression model by OLS? Explain.

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