Asked by Jessi Chytka on May 05, 2024
Verified
A variable that takes on the values of only 1 and 0 is often called a(n) _________ variable.
A) response
B) indicator
C) explanatory
D) categorical
Indicator Variable
A binary variable with values of 0 or 1, used in statistics and econometrics to represent a categorical outcome or presence/absence of a characteristic.
Categorical
Pertaining to data that can be divided into specific groups or categories that are generally qualitative in nature.
- Identify the function of key variables (response, explanatory, indicator, categorical) in logistic regression.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
B
Explanation :
An indicator variable, also known as a binary variable or dummy variable, takes on only two possible values, usually denoted as 1 or 0. This type of variable is often used to represent a yes-or-no question, or to distinguish between two groups.
Learning Objectives
- Identify the function of key variables (response, explanatory, indicator, categorical) in logistic regression.