Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When creating dummy variables in Excel for a categorical variable, which of the following statements is FALSE? Question 3 options: If there are 5 categories,

When creating dummy variables in Excel for a categorical variable, which of the following statements is FALSE? Question 3 options: If there are 5 categories, there should be 4 dummy variables. The base case is the category to which others will be compared during interpretation. For a binary categorical predictor, Yes is almost always the base case. In a situation with modifications to a current control strategy, the control strategy is usually the base case

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

Hospitality Today An Introduction

Authors: Rocco AngeloJudy King, Andrew Vladimir

7th Edition

0866123636, 9780866123631

More Books

Students also viewed these General Management questions

Question

5. Give some examples of hidden knowledge.

Answered: 1 week ago