Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Suggest a group of six variables as follows: a} Three must be ratio variables b} Two must be nominal variables at least one with

image text in transcribed
1. Suggest a group of six variables as follows: a} Three must be ratio variables b} Two must be nominal variables at least one with more than two categories c} One must be ordinal with more than two categories. d} Among the three ratio variables in a) one must be a dependent variable and the remaining two independent {explanatory} variables e) The two nominal variables in b} must also be transformed into dummy independent {explanatory} variables. There would be a total of at least five explanatory variables together explaining the dependent variable in a}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra With Applications

Authors: Jeffrey Holt

2nd Edition

1319057691, 9781319057695

More Books

Students also viewed these Mathematics questions

Question

GE ALDE T GE ALDE T

Answered: 1 week ago