What is dummy variable give an example?
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A dummy variable (aka, an indicator variable) is a numeric variable that represents categorical data, such as gender, race, political affiliation, etc. ... For example, suppose we are interested in political affiliation, a categorical variable that might assume three values - Republican, Democrat, or Independent.
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A dummy variable (aka, an indicator variable) is a numeric variable that represents categorical data, such as gender, race, political affiliation, etc. ... For example, suppose we are interested in political affiliation, a categorical variable that might assume three values - Republican, Democrat, or Independent.
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