A Dummy Variable in a Multiple Regression Analysis Is

question 44

Multiple Choice

A dummy variable in a multiple regression analysis is

• A) an unmeasured variable that is excluded from the underlying causal model.
• B) an uncontrolled variable that creates a spurious relationship.
• C) an uncontrolled variable that intervenes or "mediates" a relationship.
• D) a variable with values of 0 and 1 used to represent a nominal- or ordinal-scale variable.

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Definitions:

Probability Model

A mathematical representation of a random process, outlining the possible outcomes and their associated probabilities.

Larger Contract

A contract that is significant in terms of value, scope, or importance, often involving considerable resources or high stakes.

Smaller Contract

A contractual agreement of less scope or value compared to others, often involving fewer obligations or complexities.

Missing Context

Refers to the absence of necessary information or background that helps to interpret or understand a situation or data set.