Question

Suppose you are interested in using regression analysis to estimate an NBA player's salary using the following independent variables: the player was traded in the last 5 years, average points per game, the team had greater than 45 wins in the previous season, the team made the playoffs in the previous season, career number of games started, and the player's nationality. Which of the following independent variables are indicator (dummy) variables?
a. the player was traded in the last 5 years
b. years played in the NBA
c. the players nationality
d. the player has won an NBA championship
e. player's age
f. the player is on the All-Star team
g. one of these

Answer 1

Answer:

a. the player was traded in the last 5 years