• Entry
  • Reader's guide
  • Entries A-Z
  • Subject index

A dummy, or indicator, variable is any variable in a regression equation that takes on a finite number of values so that different categories of a nominal variable can be identified.

The term dummy simply relates to the fact that the values taken on by ...

Loading
  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles