A Variable That Takes on the Values of 0 or 1

question 41

Multiple Choice

A variable that takes on the values of 0 or 1 and is used to incorporate the effect of categorical independent variables in a regression model is called

• A) an interaction.
• B) a constant variable.
• C) a dummy variable.
• D) a logit variable.

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Definitions:

Appeal

The process by which a case is brought before a higher court for review of the decision of a lower court.

Deference

The respectful submission or yielding to the judgment, opinion, or decision of another.

Private Trial

An ADR method in which a referee is selected and paid by the disputing parties to offer a legally binding judgment in a dispute.

Public Record

Documents or pieces of information that are not considered confidential and are available to the public.