Multiple Choice
Which of the following statements is true?
A) Dummy variables are used to incorporate categorical variables into a regression model.
B) You should use one fewer dummy variables than are categories for the qualitative variable in question.
C) It is appropriate to compute a correlation coefficient for the relationship between a dependent variable and a dummy variable.
D) All of the above are true.
Correct Answer:

Verified
Correct Answer:
Verified
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