One of the Variables That Are Being Considered for Inclusion

question 99

True/False

One of the variables that are being considered for inclusion in a multiple regression model is marital status of the customer.There are four possible responses listed for this variable.Based on this,four dummy variables will need to be created and incorporated into the regression model.

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Definitions:

Incidental Costs

Minor or secondary expenses that occur during a primary activity or transaction, often unpredictable.