Meaning of the coefficients in the regression equation

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Reference no: EM132436415

Problem: You are considering developing a regression equation relating a dependent variable to two independent variables. One of the variables can be measured on a ratio scale, but the other is a categorical variable with four possible levels.

Required:

a. How many dummy variables do you need to represent the categorical variable?

b. Write multiple regression equation relating the dependent variable to the independent variables.

c. Interpret the meaning of the coefficients in the regression equation.

Reference no: EM132436415

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