Example: tourism industry
Econometrics: Dummy Variables in Regression Models
is that the dummy variable regression (6.4) is simply a device to find out if two mean values are different. In other words, a regression on an intercept and a dummy variable is a simple way of finding out if the mean values of two groups differ. If the dummy coefficient . B. 2. is statistically significant (at the chosen level of L$3,177 r ...
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