Examlex
Solve the given equation.
Dummy Variables
Binary variables created to represent categorical data in order to use such variables in regression analysis.
Nominal Variable
A type of categorical variable for which there is no inherent order or ranking among the categories.
Indicator Variables
Variables used in regression analysis that take on the value of 0 or 1 to indicate the absence or presence of a categorical effect that may be expected to shift the outcome.
Indicator Variable
A variable used in mathematical modeling and statistical analysis that takes on the value of 0 or 1 to indicate the absence or presence of a certain condition or feature.
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