In order to incorporate the marital status variable into a multiple regression model, there are four possible categories for this variable: married, single, divorced, or widowed. Based on this information, four indictor variables will need to be created (one for each category) and incorporated into the regression model.
Correct Answer:
Verified
Q5: One of the consequences of multicollinearity in
Q11: Multicollinearity will result in excessively low standard
Q18: Multicollinearity is present when there is a
Q27: Stepwise regression is a statistical technique that
Q36: The stepwise regression analysis is best used
Q38: Stepwise regression analysis is most useful when
Q153: Stepwise regression analysis is a procedure that
Q155: In a multiple regression analysis, the regression
Q157: If you wish to develop a multiple
Q159: If a multiple regression model includes ten
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents