In order to incorporate the marital status variable into a multiple regression model, there are four possible categories for this variable: married, single, divorced, or widow. Based on this information, four indictor variables will need to be created (one for each category) and incorporated into the regression model.
Indicate whether the statement is true or false
Question 2
In order to incorporate qualitative variables into a regression model, one or more dummy variables are needed.
Indicate whether the statement is true or false
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