_____ variables are nominal variables that may be used as predictors or independent variables in regression analysis by coding them with the values 0 and 1.
A) Interval
B) Categorical
C) Coefficient
D) Dummy
E) Beta

Question

Quizplus · Accepted Answer

Dummy variables are variables that take on the values 0 or 1 and are used to represent categorical variables in regression analysis. They allow us to include categorical variables in regression models and estimate the effect of the categories on the outcome variable.

_____ Variables Are Nominal Variables That May Be Used as Predictors