Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose you have a variable called married that you want to use as an independent variable in a regression. The variable married takes on only
Suppose you have a variable called married that you want to use as an independent variable in a regression. The variable married takes on only these four values: Married, Divorced, Single, or Widow. These values are given as text and not numbers. If you wanted to create indicator variables to include the information from the variable married into a regression, how many indicator variables would you need to create and include as independent variables in your regression? 1 3 4 2
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started