What Must Be Done to Categorical Variables in Order to Use

question 8

Multiple Choice

What must be done to categorical variables in order to use them in a regression analysis?

• A) Nothing
• B) Dummy coding
• C) Problem coding
• D) Categorical coding

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Definitions:

Benefits

Various forms of support, often from the government, in the form of cash or services, intended to ensure the welfare and protection of citizens or employees.

Rational Choice

A theory in economics and sociology that explains decisions by individuals as based on the attempt to maximize personal advantage, minimizing disadvantages.

Maximize Benefits

The act of making the best or most effective use of a situation, opportunity, or resource to gain the greatest advantage or value.

Minimize Costs

Strategies or actions taken to reduce expenses and financial outlays in business operations or personal budgets.