Create dummy variables for each categorical variable

Assignment Help Basic Statistics

Reference no: EM133760751

Question 1: create dummy variables for each categorical variable that are suitable for an OLS regression

- explain whether or not to keep all categorical variables and provides rationale

- runs multivariate regressions: running a model with a variety of regressors

- determines the significant regressors and provides rationale

- explains which regressors are worth keeping and provide rationale

- reruns the regression with the reduced complexity model

- determines whether or not the residuals are normally distributed and provides the rationale

- compares the results of the regression to the previously performed univariate regression

- determines additional regressors to create from the avaliable data and provides rationale

- describes how interpretations of the regression can inform business decisions

Reference no: EM133760751

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