Examlex
"An increase in the real interest rate increases the quantity of investment." Is the previous statement correct or incorrect?
Dummy Variable
A binary variable used in regression analyses to represent categories of a nominal variable.
Slope Coefficient
In linear regression, it represents the expected change in the dependent variable for a one-unit change in the independent variable.
Dummy Variables
Variables created to represent attributes with two or more distinct categories or levels, used in regression analysis.
Nominal Variable
A type of variable with data that can be categorized but not ranked or ordered numerically.
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