If a Qualitative Variable Has C Categories, Then Only (C

question 99

True/False

If a qualitative variable has c categories, then only (c - 1)dummy variables must be included in the regression model.

---

Definitions:

Multiplier Effect

A phenomenon where a small change in a particular variable leads to larger changes in related variables, amplifying the original effect.

Goal-setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives.

Targets

Specific goals or objectives that an individual or organization aims to achieve within a defined time frame.

Objectives

Specific, measurable goals set by a business or individual aimed at achieving a particular outcome.