Examlex
Describe the behavior of the function below as x approaches zero.
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.
Omitted Category
In statistical modeling, it refers to a category or group within a variable that is excluded from analysis, often serving as a baseline against which other categories are compared.
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