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Sergeeva-Olga [200]
3 years ago
9

Consider the Butler Trucking Company problem that we analyzed in class. Management has asked you to add driver experience to you

r regression model. You have decided to divide drivers into five groups: 1 year, 2 years, 3 years, 4 years, 5 years or more. How many dummy variables will you need to add to your regression model?
Social Studies
1 answer:
stiks02 [169]3 years ago
7 0

Answer:

4 dummy variables

Explanation:

There are five independent variables: 1 year, 2 years, 3 years, 4 years and (5 years and more).

In making your dummy variables in regression model, you need to take note of the dummy variable trap.

This trap will produce errors in the model if not taken care of. To take care of this trap, you need to make (n-1) dummy variables where n represents the number of independent variables.

Hence, in this case, we will have 5 - 1 = 4 dummy variables.

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Hello, I'm Eric. I'll be trying my best to assist you on your question today.

It would be A conflict between Athens and Sparta.

This was the Peloponnesian war that was between (431-404 BCE)

Not the right answer or confused? Reply to this question for help. If not, if you have time please hit the thanks. If you think this can help others you can always hit the Brainlist button (you get 3 points doing it), none of the things above are needed. :)

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Shifts in the aggregate demand curve can cause fluctuations in the level of output and the level of prices.

In economics, the aggregate demand curve represents the sum of all goods and services demanded by the economy at different price levels. The aggregate demand curve is the graph that shows how many services and products companies and the government are willing to purchase. Its descending slopping describes the inverse relationship between the quantity demanded and the price.

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The correct answer is letter B
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