When using dummy variables in a regression equation to model a qualitative or categorical variable, the number

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When using dummy variables in a regression equation to model a qualitative or categorical variable, the number of dummy variables should equal

a. the number of categories.

b. 1 more than the number of categories.

c. 1 less than the number of categories.

d. the number of other independent variables in the model.

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Quantitative Analysis For Management

ISBN: 213168

12th Edition

Authors: Barry Render ,Ralph M. Stair ,Michael E. Hanna

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Question Posted: Feb 25, 2024 01:00 AM

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Quantitative Analysis For Management

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