Author Question: If you wish to develop a multiple regression model that includes a qualitative variable; education ... (Read 70 times)

go.lag · **on:** Jul 24, 2018

If you wish to develop a multiple regression model that includes a qualitative variable; education status, in which the following categories exist: no degree, high school diploma, junior college degree, bachelor degree, and graduate degree, you need to code the categories as 1, 2, 3, 4, and 5.
Indicate whether the statement is true or false

Question 2

Three qualitative variables need to be incorporated into a regression model. The first variable has 5 possible categories, the second one has 3 possible categories, and the third one has 2 possible categories. Based on this information, ten dummy variables need to be included in the regression model.
Indicate whether the statement is true or false