Dummy variable, Econometrics
To understand regression analysis with dummy variables, let us take an example of using dummy variable with structural changes in an economy. For example, there was a structural change in U.S during 1981-1982, and also a severe recession in 2007 and 2008. So when we...
Dummy variable, Econometrics
Study smarterDummy variables, interaction terms and the dummy-variable trap are covered alongside the rest of regression in the Statistics Made Simple Complete Bundle — textbook plus 1,569 worked practice questions, 18 datasets and R and Stata workshops.What are...
