More indicators For each of these potential predictor variables say whether they should be represented in a
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More indicators For each of these potential predictor variables say whether they should be represented in a regression model by indicator variables. If so, then suggest what specific indicators should be used (that is, what values they would have).
a. In a regression to predict income, the age of respondents in a survey
b. In a regression to predict the square footage available for rent, whether a commercial building has an elevator or not
c. In a regression to predict annual medical expenses, whether a person was a child (in pediatric care), an adult, or a senior (over 65 years old)
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Related Book For
Stats Data And Models
ISBN: 9780135163825
5th Edition
Authors: Richard D De Veaux, Paul F Velleman, David E Bock
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