If Dummy Variables Are Used to Represent Distinct Subsets or Regions,then

question 142

True/False

If dummy variables are used to represent distinct subsets or regions,then a linear relationship between predictor variables will result,and estimation of coefficients will be impossible.

---

Definitions:

Straight Rebuy

A situation in business procurement where a company reorders an existing product or service from the same supplier without modifications.

Modified Rebuy

A buying situation in which an organization revisits and adjusts the terms of a purchase, often because of changes in requirements, prices, or suppliers.

New Buy

A purchasing situation in which a buyer acquires a product or service for the first time, representing the highest level of decision-making involvement.

Geographically Concentrated

Refers to businesses, populations, or industries that are heavily localized within a specific area or region.