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Video 5: Dummy Variables

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Video 5: Dummy Variables

This video discusses what are dummy variables, how do we construct them, and how do we interpret their coefficients in a multiple or multivariate linear regression. TABLE OF CONTENTS: 00:00 Introduction 00:10 Continuous vs. Categorical Variables 01:48 The Problem with Categorical Variables 02:52 Dummy Variables: Representing Categories 03:48 ...

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