Examlex
The operation of agency involves at least three persons.
Dummy Variables
Numerical variables used in statistical modeling to represent subgroups of the sample in regression analyses.
Nominal Variable
A type of variable that represents categories with no inherent numeric value or order.
Indicator Variables
Indicator variables, also known as dummy variables, are used in statistical models to encode categorical data into binary form for analysis.
Indicator Variables
These are binary variables in a statistical model that take on values of 0 or 1 to indicate the absence or presence of a specific characteristic or attribute.
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