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Explain How to Deal with Categorical Variables When It Comes

question 8

Essay

Explain how to deal with categorical variables when it comes to running regression analysis, and how to interpret the results. Frame your answer in the context of explaining income (the dependent variable) as a function of region (a categorical independent variable).


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Advanced knowledge or skill in a particular field, area, or activity, developed through extensive experience or training.

Implicit Knowledge

The type of knowledge that is acquired through exposure and experience, without conscious effort or awareness, and is difficult to articulate.

Intuitions

The ability to understand something immediately, without the need for conscious reasoning.

Learned

Acquired knowledge or skills through study, experience, or teaching.

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