Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For each of the following, show how you would code dummy (indicator) variables to include in a regression model. a) Type of residence (Apartment, Condominium,

image text in transcribed
image text in transcribed
For each of the following, show how you would code dummy (indicator) variables to include in a regression model. a) Type of residence (Apartment, Condominium, Townhouse, Single family home) b) Employment status (Full-time, Part-time, Unemployed) a) Choose the correct answer below. 0 A. Three variables: One variable that is 1 for Apartment, 0 for others. One that is 1 for Condo, 0 for others. One that is 1 for Townhouse, 0 for others. 0 B. Apartment = A, Condo = C, Townhouse = T, Single family home = S O C. Apartment = 0, Condo = 1, Townhouse = 2, Single family home = 3 O D. Three variables: One variable that is Afor Apartment, B for others. One that is C for Condo, D for others. One that is E for Townhouse, F for others. b) Choose the correct answer below. 0 A. Two variables: One that is 1 for Full-time, 0 for others. One that is 1 for Part-time, 0 for others. 0 B. Fulltime = 0, Parttime =1, Unemployed = 2 O C. Full-time = F, Part-time = P, Unemployed = U O D. Three variables: One that is 1 for Full-time, 0 for others. One that is 1 for Part-time, 0 for others. One that is 1 for Unemployed, 0 for others

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

Discrete Structures, Logic, And Computability

Authors: James L Hein

3rd Edition

1449615279, 9781449615277

More Books

Students also viewed these Mathematics questions