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Consider a regression study involving a dependent variable y, a quantitative independent variable x1, and a categorical independent variable with three possible levels (level 1, level 2, and level 3).

1) How many dummy variables are required to represent the categorical variable?

2.) Write a multiple regression equation relating x1 and the categorical variable to y.

3) Interpret the parameters in your regression equation.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9996680

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