What Is the Term for the Categorical Variables Used in the Prediction

question 45

Multiple Choice

What is the term for the categorical variables used in the prediction in a regression analysis?

• A)nothing
• B)dummy coding
• C)problem coding
• D)categorical coding

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Definitions:

Trade

The exchange of goods or services between individuals, businesses, or countries.

World Price

The worldwide market rate of a product or service, shaped by the global conditions of supply and demand.

Import

The act of bringing goods or services into one country from another for sale or use, which can impact domestic markets and industries.

Export

The act of selling goods or services produced in one country to another country.