Examlex

Solved

If a Decision Maker Wishes to Develop a Regression Model

question 76

Multiple Choice

If a decision maker wishes to develop a regression model in which the University Class Standing is a categorical variable with 5 possible levels of response, then he will need to include how many dummy variables?


Definitions:

FICA-OASDI

Refers to the Social Security portion of the Federal Insurance Contributions Act tax, funding Social Security retirement, disability, and survivor benefits.

FICA-OASDI

The Federal Insurance Contributions Act tax for Old-Age, Survivors, and Disability Insurance, which funds Social Security.

FUTA

The Federal Unemployment Tax Act, which imposes a payroll tax on businesses, used to fund state workforce agencies.

FICA-OASDI

The Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance tax deducted from employee wages for Social Security and Medicare.

Related Questions