Regression Analysis Using Dummy Variables
Thomas Neifer
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Thomas Neifer: Bonn-Rhein-Sieg University of Applied Sciences
A chapter in Operations Research and Management, 2024, pp 105-129 from Springer
Abstract:
Abstract Regression analysis is a versatile method for the analysis and description of business problems. It is based on the development of a model that allows a forecast into the future using historical data. Dummy coding is required when categorically independent variables are to be included in a multiple regression analysis. In the business context, for example, different customer groups can be differentiated based on categorical characteristics.
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-031-47206-0_6
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DOI: 10.1007/978-3-031-47206-0_6
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