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1.What is a dummy variable? 2. What is the dummy variable effect? 3. How does ANOVA relate to a dummy variable 4. Interpretation of dummy
1.What is a dummy variable? 2. What is the dummy variable effect? 3. How does ANOVA relate to a dummy variable 4. Interpretation of dummy variable effect if more than 2 subgroups 5. Visualizing/interpreting a dummy variable effect in Tableau 6. Running/interpreting-output of a multiple regression (with dummy variables) in Excel 7. Examples of RESPONSE Dummy Variables 8. Look at the mortgage application example of Linear Probability Model (LPM). What does the model look like? What is the response variable? What are the explanatory variables? 9. Look at the NCAA Men's BBall example of Linear Probability Model (LPM). What is the response variable? What is the explanatory variable? 10. Interpreting slope of the LPM 11. Prediction with LPM (word problem) 12. What is the flaw with LPM? 13. What does the Logit (Logistic) Model look like? 14. Prediction with Logit Model (word problem)
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