One of the variables that are being considered for inclusion in a multiple regression model is marital status of the customer. There are four possible responses listed for this variable.
Based on this, four dummy variables will need to be created and incorporated into the regression model. Indicate whether the statement is true or false
Question 2
It is possible to use linear regression analysis to develop a forecasting model for nonlinear data if we can effectively transform the data.
Indicate whether the statement is true or false
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