Indicator (Dummy) Variables

3
April 7, 2014 at 3:15 pm  •  Posted in busad360 by  •  3 Comments

Due Tue Apr 8

  • Textbook Reading Ch 14 p 566-569
  • Download this file: PuebloRealEstate_DummyVars
  • Add one or more “Dummy” variables to your Pueblo Real Estate model
  • Be prepared to answer questions about Indicator variables

 

3 Comments

  1. Kristen / April 7, 2014 at 6:21 pm / Reply

    Do we need to input the information of the variables into the spreadsheet or just come up with variables?

    • Justin / April 7, 2014 at 6:24 pm / Reply

      The neighborhood dummy variables are included in the worksheet above. To include one or more in a regression model simply select a neighborhood column as an independent (x) variable.
      Make sense?

  2. Kristen / April 7, 2014 at 6:54 pm / Reply

    Yes that makes sense. Thanks!

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