menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Statistics
  3. Study Set
    Introduction to Business Statistics
  4. Exam
    Exam 16: Multiple Regression and Correlation
  5. Question
    What Is a Dummy Variable,and How Is It Useful to Multiple
Solved

What Is a Dummy Variable,and How Is It Useful to Multiple

Question 8

Question 8

Essay

What is a dummy variable,and how is it useful to multiple regression? Give an example of three dummy variables that could be used in describing your home town.

Correct Answer:

verifed

Verified

A dummy variable is a variable that take...

View Answer

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

Related Questions

Q3: Salary<br>Data was collected from 40 employees

Q4: What is the coefficient of multiple determination,and

Q5: Professor<br>A statistics professor investigated some of

Q7: It is a good idea to make

Q10: In order to test the significance of

Q11: In interpreting the multiple regression equation,it can

Q12: Regression Model<br>A multiple regression model was

Q13: Among the results of a multiple regression

Q80: Regression Model<br>A multiple regression model was

Q112: Calculate the total sum of 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