A Variable That Takes on the Values of 0 or 1

question 55

Multiple Choice

A variable that takes on the values of 0 or 1 and is used to incorporate the effect of qualitative variables in a regression model is called

• A)an interaction
• B)a constant variable
• C)a dummy variable
• D)None of these alternatives is correct.

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Definitions:

Same Entity

Refers to a single organization or company, implying that different parts or aspects being discussed are all components of the same whole.

Interdependencies

Refers to the mutual reliance between two or more entities or systems where each has an effect on or is affected by the other.

Interventions

Actions or processes implemented to effect change or achieve desired outcomes in a particular situation or context, often related to health, social, or behavioral issues.

Complex Problems

Refers to intricate issues that are composed of multiple interconnected elements and variables, which make them challenging to understand, analyze, and resolve.