Example: stock market
Data Analysis Basics: Variables and Distribution

Data Analysis Basics: Variables and Distribution

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The data we are trying to code has an inherent order, but the coding in this example does not follow that order. This is not appropriate coding for an ordinal categorical vari-able. For a nominal categorical variable, however, the order makes no difference. Although we code each category with a number, the number does not represent a numeri-cal ...

  Analysis, Basics, Data, Distribution, Variable, Categorical, Variables and distribution, Data analysis basics

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