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Dummy Variables Are Used to Respecify Categorical Variables

question 54

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Dummy variables are used to respecify categorical variables.


Definitions:

Social Problems

Issues that affect a large number of individuals within a society, often calling for public or government intervention.

Social Entrepreneurship

A form of entrepreneurship that focuses on innovating and implementing solutions to social, cultural, or environmental issues, prioritizing public benefit over profit.

Tax Shelters

Financial strategies or investments that minimize or avoid taxes legally, often used by individuals and corporations.

Ashoka

An international organization that supports social entrepreneurs with innovative solutions to societal problems.

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