You are considering developing a regression equation relating a dependent variable to two independent variables. One of
Question:
You are considering developing a regression equation relating a dependent variable to two independent variables. One of the variables can be measured on a ratio scale, but the other is a categorical variable with four possible levels.
a. How many dummy variables do you need to represent the categorical variable?
b. Write a multiple regression equation relating the dependent variable to the independent variables.
c. Interpret the meaning of the coefficients in the regression equation.
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Related Book For
Business Statistics
ISBN: 9781292220383
10th Global Edition
Authors: David Groebner, Patrick Shannon, Phillip Fry
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