Explain how a dummy variable can improve the accuracy of a forecast model.

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Air Transport Economics

ISBN: 9781032482538

4th Edition

Authors: Bijan Vasigh, Brian Pearce

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Question Posted: Feb 02, 2024 02:05 AM

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Explain how a dummy variable can improve the accuracy of a forecast model.

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A dummy variable is a numerical variable used in regression analysis to represent subgroups of the sample in your study In other words its a tool that ...View the full answer

Air Transport Economics

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