Including as Many Dummy Variables as There Are Categories Is

question 50

Short Answer

Including as many dummy variables as there are categories is referred to as the dummy variable ________.

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Definitions:

DBRS

DBRS is a globally recognized credit rating agency that provides independent assessments of the creditworthiness of companies and sovereign entities.

Investment Grade

A rating that signifies a municipal or corporate bond presents a relatively low risk of default.

Highest Rating

The top tier or grade assigned by rating agencies to entities or securities, indicating the lowest risk of default.

Bid Price

The highest price a buyer is willing to pay for an asset in the financial markets.