Rather than create five dummy variables to represent a categorical variable with five labels, an analyst defined the variable by converting the categories to the numbers 1, 2, 3, 4, and 5. Does the...


Rather than create five dummy variables to represent a categorical variable

with five labels, an analyst defined the variable

by converting the categories to the numbers 1, 2, 3, 4, and 5. Does the regression of

on

produce the same results as a regression of

on four dummy variables that represent four of the categories of C?



May 04, 2022
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