If Two Indicator Variables Are Used in a Logistic Regression

question 120

True/False

If two indicator variables are used in a logistic regression model,then the nominal variable they represent has only two categories.

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Definitions:

Modified Rebuy

A buying situation in which an organization re-evaluates options for repurchasing a good or service.

Straight Rebuy

A routine purchase of the same goods or services without seeking new information or considering other suppliers.

Buying Process

The series of steps consumers go through in deciding what product or service to purchase.

New Buy

A transaction situation characterized by a consumer purchasing a product or service for the first time, which involves a higher level of decision-making and risk.