Dummy Predictor Variables Homework Help

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What is dummy predictor variable?

In statistics some variables are used to shift the outcome of the value of regression analysis. These variables take use the value zero or one to change the outcome. Moreover, the values zero indicate the absence and one represents presence of some categorical impact to change the result. Just like a computer programming it accepts the value of zero and one.

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What are the different categories?

These are –

  • Dummy independent variables – When take the value 0
  • Dummy dependent variable – When takes the value 1

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What are the various fields where Dummy predictors are used?

These are used in –

  • Time series analysis.
  • Qualitative data application.
  • Seasonal Analysis.
  • Economic Forecasting.
  • Credit scoring.
  • Resposnse modeling.
  • Bio medical.

All the above fields are very important that use the dummy predictor variables. Moreover, a student must have the exact knowledge of various fields and hoe to apply the dummy variables. Now, it is also very important for you to know that how these values get implemented. If you are not confident about your answers related to dummy variables, then dummy predictor variables Assignment Help is the best and the most accurate solution for your need.

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