Which of the following factors can be defined as dummy variables? Check all that apply. Marital...

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Which of the following factors can be defined as dummy variables? Check all that apply. Marital...

Which of the following factors can be defined as dummy variables? Check all that apply.

Marital status

House ownership

Wage

Detroit residency

ECONOMETRICS

business economics

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Answer 1

Answer #1

dummy variable is one that takes the value 0 or 1 to indicate the absence or presence of some categorical effect that may be expected to shift the outcome. marital status, house ownership, detroit residency are the dummy variable here.

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Answer 2

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