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Billy makes good grades at school because he desires the praise and recognition from others that he usually receives when he does well. This reflects Billy's
Indicator Variable
A variable that takes on the value of 0 or 1 to indicate the absence or presence of a specific condition or attribute.
Regression Model
A statistical technique that models and analyzes the relationship between a dependent variable and one or more independent variables.
Categorical Variables
Variables that represent types or categories, grouping observations into distinct sets based on a characteristic such as gender or ethnicity.
Categorical Variable
A type of variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual or other unit of observation into a particular group or nominal category.
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