Indicator (Dummy) Variables Lesson 12

Lesson 12 1 Lesson 12 2 Lesson 12 3 Lesson 12 4

In the manufacturing data we can observe that t data of the indicator variable is 0.176, which tells us that this data is not very strong and does not alter the formula that much.

The consumer food data base was altered because I added two new dummy variables. The t stats of these two new variables are considerable strong and might affect the result of the equation.

http://www.justinholman.com/teaching/s15-busad360/

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