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Solve clearly 4 (2 points): How many dummy variables should you include in a regression that looks at disposable income as a function of the

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Solve clearly

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4 (2 points): How many dummy variables should you include in a regression that looks at disposable income as a function of the state of residence of a sample of 28,000 Americans? For the purposes of this question, ignore Washington, DC or any territories. We are concerned only with the 50 US States. Explain your

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