In Preparing Categorical Variables for Analysis, It Is Usually Best

question 26

Multiple Choice

In preparing categorical variables for analysis, it is usually best to

• A)convert the categories to numeric representations.
• B)convert the categories to binary, dummy variables.
• C)combine as many categories as possible.
• D)let them remain categorical.

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Definitions:

Estimating Value

The process of determining an item's worth or the fair market value of assets, often used in finance and real estate.