Given here are the data from a dependent variable and two independent variables. The second independent variable
Question:
Given here are the data from a dependent variable and two independent variables. The second independent variable is an indicator variable with several categories. Hence, this variable is represented by x2, x3, and x4. How many categories are needed in total for this independent variable? Use a computer to perform a multiple regression analysis on this data to predict y from the x values.
.png)
Discuss the output and pay particular attention to the dummyvariables.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
The indicator variable has c 4 categories as shown by the c 1 3 categorie...View the full answer
Answered By
Danish Sohail
My objective is to become most reliable expert for clients. For last 10 years I have been associated with the field of accounting and finance. My aim is to strive for best results and pay particular attention to client needs. I am always enthusiastic to help clients for issues and concerns related to business studies. I can work on analysis of the financial statements, calculate different ratios and analysis of ratios. I can critically evaluate stock prices based on the financial analysis and valuation for companies using financial statements of the business entity being valued with use of excel tools. I have expertise to provide effective and reliable help for projects in corporate finance, equity investments, financial accounting, cost accounting, financial planning, business plans, marketing plans, performance measurement, budgeting, economic research, risk assessment, risk management, derivatives, fixed income investments, taxation, auditing, and financial performance analysis.
78+ Reviews
112+ Question Solved
Related Book For 
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
Question Posted:
