Which of the Following Statements About Dummy Variablesis False

question 14

Multiple Choice

Which of the following statements about dummy variablesis false?

• A)We can incorporate any nominal variable into regression analysis by creating one or more dummy variables.
• B)Dummy variables are also known as binary variables,nominal variables,or indicator variables.
• C)These variables take on only two values,namely 0 or 1,and those values then indicate the absence or presence of a particular nominal characteristic.
• D)All of these choices are true.

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Definitions:

Negative Impact

The adverse effects or harmful consequences resulting from a particular action or policy.

Organizational Objectives

The specific goals a company aims to achieve within a defined period, guiding its operations and strategic directions.

Strategic Objectives

Specific, measurable goals set by an organization to guide its direction and performance over a defined period, aligned with its overall mission and vision.

Costs to Individuals

Expenses or losses borne by individuals, potentially including financial, emotional, or health-related costs in various contexts.