In the Fixed Effects Regression Model, Using (N - 1)binary $i ^ { \text {th } }$

question 8

Short Answer

In the Fixed Effects regression model, using (n - 1)binary variables for the entities, the coefficient of the binary variable indicates a. the level of the fixed effect of the $i ^ { \text {th } }$ entity.
b. will be either 0 or 1 .
c. the difference in fixed effects between the $i ^ { \text {th } }$ and the first entity.
d. the response in the dependent variable to a percentage change in the binary variable.

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Definitions:

Indigenous Communities

Groups of people native to a region, possessing unique cultural traditions, languages, and connections to ancestral lands.

Natural Habitat

The original environment in which a plant or animal species lives and evolves.

Ecotourism

Responsible travel to natural areas that conserves the environment, sustains the well-being of the local people, and involves interpretation and education.

Cultural Trade

the exchange of goods, services, ideas, and cultural practices between different societies and cultures.