Examlex
In addition to direct outputs, programs have impacts and effects beyond the intended outputs.
Dummy Variables
Variables created to represent categorical data with two or more categories by assigning binary values (0 or 1), allowing them to be used in regression models.
Qualitative Variables
Variables that express qualitative attributes, and are usually described by non-numeric categories or groups.
Regression Model
A statistical approach for estimating the relationships among variables, often used for prediction and forecasting.
Dummy Variables
Variables created to assign numerical values to categorical data, often used in regression analysis to include qualitative factors as independent variables.
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